Goldman Sachs analyst Brett Feldman maintains Warner Bros. Discovery (NASDAQ:WBD) with a Buy and lowers the price target from $20 to $17.
Goldman Sachs lowers Warner Bros. Discovery (NASDAQ:WBD) price target from $20 to $17 Read Post »
Hasbro is likely to post weaker 3Q results as retail sales lag, DA Davidson analyst Linda Bolton Weiser says in a research note. Hasbro management suggested last month that some retailers are taking a more cautious approach heading into the holiday season following bloated inventories at the end of last year. The company has warned that August consumer-product sales were still weaker following a lackluster first half of the year, putting more pressure on a sales jump in September to meet guidance. Weiser slashes her forecast for Hasbro’s 3Q consumer product sales to a 10% drop, compared with a prior projection of a 5% drop.
Hasbro 3Q Sales Expected To Be Hit By Retail Weakness Read Post »
Wells Fargo analyst Colin Langan maintains Tesla (NASDAQ:TSLA) with a Equal-Weight and lowers the price target from $260 to $250.
Wells Fargo lowers Tesla (NASDAQ:TSLA) price target from $260 to $250 Read Post »
CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: Our 12-month target of $41, down $19, is 4.5x our ’24 EPS estimate (cut to $9.13 from $11.38; ’23 to $9.87 from $11.30), below its peer forward average of 4.9x, which we believe is merited due to its above-peer average floating-rate debt ($11B vs. peer average of ~$3B) and lofty capex needs (~$9B vs. peer average of $4B in ’24). Q3 EPS of $3.65 vs. $2.81 beat consensus by $0.24. Q3 revenues grew ~13 Y/Y. The stock fell ~10% today, which we think is due to rising unit costs (labor and fuel) and the impact of the recent Israeli conflict (2% of total capacity per UAL). In Q3, UAL finalized a labor contract with its pilots (valued at $10B, lifting pay by as much as 40% over
CFRA Keeps Hold Opinion On Shares Of United Airlines Holdings, Inc. Read Post »
Wedbush analyst Michael Pachter reiterates Netflix (NASDAQ:NFLX) with a Outperform and maintains $525 price target.
Wedbush maintains Netflix (NASDAQ:NFLX) $525 price target Read Post »
CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We cut our 12-month target by $7 to $13, 6.0x our 2024 EPS view ($2.17 from $3.26; 2023’s cut to $2.43 from $3.01), below AAL’s 2018-2019 historical forward average of 6.9x. We think a discount is merited due to rising unit costs. Q3 EPS of $0.38 vs. $0.69, beat consensus by $0.12. Q3 passenger revenues were flat Y/Y, as AAL’s international segment (+5%) was not enough to offset the 2% decline within its domestic segment (69% of Q3 passenger revenues). In Q3, AAL finalized a new labor contract with its pilots, including $9.6B in total compensation (increasing pay by 46% over the next four years); however, AAL noted that it has yet to finalize a deal with its flight attendants and agents, which we think will place
CFRA Maintains Hold Opinion On Shares Of American Airlines Group Inc. Read Post »
JPMorgan analyst Doug Anmuth maintains Netflix (NASDAQ:NFLX) with a Overweight and raises the price target from $455 to $480.
JPMorgan raises Netflix (NASDAQ:NFLX) price target from $455 to $480 Read Post »
JPMorgan analyst Jamie Baker maintains United Airlines Holdings (NASDAQ:UAL) with a Overweight and raises the price target from $93 to $98.
JPMorgan raises United Airlines Holdings (NASDAQ:UAL) price target from $93 to $98 Read Post »
Deutsche Bank analyst Lauren Silberman initiates coverage on Domino’s Pizza (NYSE:DPZ) with a Buy rating and announces Price Target of $430.
Deutsche Bank announces Domino’s Pizza (NYSE:DPZ) Price Target of $430 Read Post »
Deutsche Bank analyst Brian Mullan initiates coverage on Starbucks (NASDAQ:SBUX) with a Buy rating and announces Price Target of $118.
Deutsche Bank announces Starbucks (NASDAQ:SBUX) Price Target of $118 Read Post »
American Airlines reports third-quarter 2023 financial results FORT WORTH, Texas, Oct. 19, 2023 — American Airlines Group Inc. (NASDAQ: AAL) today reported its third-quarter 2023 financial results, including: — Record third-quarter revenue of approximately $13.5 billion. — GAAP third-quarter net loss of $545 million, or ($0.83) per diluted share. — Excluding net special items1, third-quarter net income of $263 million, or $0.38 per diluted share. — Record third-quarter completion factor, best among U.S. network carriers. — Ended the third quarter with approximately $13.5 billion of total available liquidity. — Reduced total debt2 by $1.4 billion in the third quarter. — Credit rating upgraded by Fitch, Moody’s and Standard & Poor’s during the third quarter. “The American Airlines team continues to produce strong results,” said American’s CEO Robert Isom. “Our team is delivering record-setting reliability and operational performance. We are executing on our plans and remain well-positioned for the future, supported
American Airlines Reports Third-quarter 2023 Financial Results Read Post »
American Airlines Q3 Adj. EPS 38 Cents Vs. 69 Cents a Year Ago, Beats the FactSet Consensus 25 Cents.