McDonald’s Says Co Expects To Continue To Have A Negative Impact On Systemwide Sales And Revenue As Long As The Middle East War Continues。
McDonald’s Says Co Expects To Continue To Have A Negative Impact On Systemwide Sales Read Post »
Walmart’s (WMT) “strong momentum” is expected to continue into fiscal 2025 following its better-than-projected fiscal Q4 results, BofA Securities said. On Tuesday, the retail giant reported fiscal Q4 adjusted earnings of $1.80 per share on sales of $171.91 billion, both topping market expectations. “While we see continued softness in discretionary, we see support for general [merchandise] share gains to continue from initiatives [including] store remodels, online SKU expansion and strong pickup/delivery execution,” BofA analyst Robert Ohmes said in a note e-mailed Wednesday. BofA projects Walmart’s fiscal Q1 adjusted EPS at $1.53 and full-year adjusted EPS at $7, according to the note. The BofA analysts increased their price objective on the retailer’s stock to $200 from $190 while reiterating their buy rating.
Walmart’s ‘Strong Momentum’ Seen Continuing Into Fiscal 2025, BofA Says Read Post »
Home Depot’s (HD) strategic investments will likely back above-market growth, while the retailer is also well placed for continued share gains even amid macroeconomic softness, BofA Securities said Wednesday in a report. BofA kept its buy rating on Home Depot and raised the price target on the stock to $400 from $372. The company reported fiscal Q4 earnings Tuesday of $2.82 per diluted share, down from $3.30 a year earlier. Analysts polled by Capital IQ expected $2.78. Net sales fell to $34.8 billion from $35.8 billion. Analysts expected $34.7 billion. The retailer’s operating margin fell 135 basis points to 11.9% from a year earlier, compared with consensus forecasts of 11.8%, BofA said. That reflects a “pull forward of pricing actions ahead of cost decreases, and a 115 bps increase in opex as a percentage of sales reflecting sales deleverage and 2023 labor investments,” according to the report. BofA said it
Home Depot’s Investments, Share Gains Likely to Counter Choppy Macro Outlook, BofA Says 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: AMZN will replace WBA in the Dow Jones Industrial Average (DJIA) effective February 26, 2024. The index change was prompted by WMT’s decision to split its stock 3:1, which will reduce WMT’s index weight due to the price-weighted construction of the DJIA. By replacing WBA, the DJIA will increase its exposure to consumer retail, advertising, and cloud computing. AMZN will join MSFT and AAPL as the other Magnificent 7 stocks in the index, which together will comprise about 13% of the DJIA. By weighting, AMZN will rank 17th in the index, while MSFT is 2nd and AAPL is 15th. Our opinion on AMZN shares is Buy, as we believe 2024 will mark the second consecutive year of margin expansion and free cash flow growth, driven by additional
CFRA Keeps Buy Opinion On Shares Of Amazon.com, Inc. Read Post »
Target (NYSE:TGT) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 02/21/2024 11.32% Wells Fargo $155 → $165 Maintains Overweight 02/16/2024 3.22% Stifel $141 → $153 Maintains Hold 02/07/2024 14.69% Gordon Haskett → $170 Upgrades Hold → Buy 02/01/2024 — Goldman Sachs Maintains Buy 01/16/2024 11.32% Morgan Stanley $140 → $165 Upgrades Equal-Weight → Overweight 01/04/2024 4.57% Wells Fargo $148 → $155 Maintains Overweight 11/16/2023 -5.55% Roth MKM → $140 Reiterates Neutral → Neutral 11/16/2023 -4.2% Citigroup $117 → $142 Maintains Neutral 11/16/2023 -4.87% Stifel $130 → $141 Maintains Hold 11/16/2023 -12.29% BMO Capital $120 → $130 Maintains Market Perform 11/16/2023 5.92% RBC Capital $161 → $157 Maintains Outperform 11/16/2023 -15.67% JP Morgan $113 → $125 Maintains Neutral 11/16/2023 -0.15% TD Cowen $161 → $148 Downgrades Outperform → Market Perform 11/16/2023 7.95% Telsey Advisory Group $145 → $160 Maintains Outperform 11/15/2023 18.74% Goldman
Target (NYSE:TGT) Stock Analyst Ratings Read Post »
Amazon (NASDAQ:AMZN) is the “Best Idea” for long-term investment and poised to lead the evolving e-commerce arena, according to JPMorgan analyst Doug Anmuth. What Happened: Anmuth predicts a potential doubling of U.S. e-commerce penetration to over 40%. The recently released fourth-quarter (Q4) U.S. e-commerce spending data showcases a commendable +7.2% YoY growth. This underlines the stability of online growth trends. The analysis highlights the significant upward trajectory of U.S. e-commerce penetration, reaching 23.3% of Adjusted Retail Sales in 4Q — an +84bps year-over-year increase for the sixth consecutive quarter. According to Anmuth, Amazon demonstrated its prowess with a share of 46.4% in Q4. The company achieved year-over-year share gains exceeding 100bps for the sixth consecutive quarter. Record-breaking events solidify Amazon’s position as an industry leader. Anmuth anticipates an acceleration in e-commerce growth for Amazon in 2024, projecting a +8.1% year-over-year growth. Hence, in 2023, Amazon outperformed the industry’s +7.6% year-over-year growth. Fueled by growth
Walmart (NYSE:WMT) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 02/21/2024 16.68% Telsey Advisory Group $185 → $205 Maintains Outperform 02/16/2024 -0.4% Stifel $169 → $175 Maintains Hold 02/14/2024 5.29% Telsey Advisory Group → $185 Reiterates Outperform → Outperform 02/12/2024 5.29% Oppenheimer $175 → $185 Maintains Outperform 11/17/2023 0.74% Evercore ISI Group $187 → $177 Maintains Outperform 11/17/2023 -3.81% Stifel $171 → $169 Maintains Hold 11/17/2023 -4.38% RBC Capital → $168 Reiterates Outperform → Outperform 11/17/2023 -3.24% Truist Securities $168 → $170 Maintains Hold 11/17/2023 -0.4% BMO Capital $180 → $175 Maintains Outperform 11/17/2023 -4.38% Morgan Stanley $170 → $168 Maintains Overweight 11/17/2023 5.29% Telsey Advisory Group → $185 Reiterates Outperform → Outperform 11/14/2023 10.98% Jefferies $190 → $195 Maintains Buy 11/13/2023 -2.68% Stifel $169 → $171 Maintains Hold 11/13/2023 8.14% Stephens & Co. $185 → $190 Maintains Overweight 10/25/2023 11.55% Tigress
Walmart (NYSE:WMT) Stock Analyst Ratings Read Post »
Goldman Sachs Raises Walmart (NYSE: WMT) Price Target to $193 From $180, Maintains Buy Rating。
Goldman Sachs Raises Walmart (NYSE: WMT) Price Target to $193 From $180 Read Post »
General Motors (GM) is halting sales of its 2024 model year GMC Colorado and Canyon mid-size trucks for the time being to solve software quality issues, Reuters reported Tuesday. The company has identified a fix for the issues, which is being implemented, and shipments began Monday to dealers, according to the report. GM was quoted as saying in a statement that it expects the hold on sales to be lifted “shortly.” GM did not immediately respond to MT Newswires’ request for comment. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Costco’s F2Q print should be good, showcasing the consistency of its business model, and won’t change the debate on the stock, UBS analysts say in a research note. The wholesale retailer has demonstrated that it can benefit from all kinds of economic environments, including when consumers are stretched by inflation. Now, it’s seeing the benefits of an upturn in discretionary categories ahead of other retailers. Costco’s shares still have several catalysts ahead amid a long runway of growth globally, the analysts add. “The company’s recent club openings in China are a good way to gauge this.” Shares rise 0.3% to $725.77 and are up 10% year-to-date.
Costco Seen Rising Amid Global Growth Opportunities Read Post »
The following is a summary of the Walmart Inc. (WMT) Q4 2023 Earnings Call Transcript: Financial Performance: Walmart recorded a Q4 sales growth of 4.9% and an adjusted operating profit growth of 10.9% in constant currency. Inventory levels are improved and down compared to last year, and private brand penetration has increased in several countries. They achieved global e-commerce sales of $100 billion for the first time ever. Walmart’s year-end retail prices on like-for-like items inflated by about 80 basis points. The company reported significant growth in digital penetration in its China business, from 4% in 2019 to 48% currently. Gross margins expanded by 39 basis points, attributed to lower markdowns and effective inventory management. The company raised dividends by 9% and anticipates growing sales by 3% to 4% and operating income by 4% to 6% in FY 2025. Business Progress: Walmart plans to remodel 928 stores and clubs globally
Walmart (NYSE:WMT) Q4 2023 Earnings Conference Read Post »
Bernstein Research analyst David Vernon upgraded Southwest Airlines Company (NYSE:LUV) from Underperform to Market Perform and raised the price target from $26 to $32 on Tuesday, citing a change in sentiment on domestic pricing. In a new note to clients, Vernon highlighted resiliency in travel demand and positive commentary from airline management teams during the recent earnings cycle which has led Bernstein to anticipate stronger development in the domestic market than it had previously forecasted. The Bernstein analyst pointed to a more moderate capacity forecast due to slowing deliveries from Boeing, equipment availability issues at Spirit and Frontier Airlines’ shift out of competitive markets. When combined with strong travel demand, Bernstein believes a positive revision to revenue forecasts is appropriate.
Bernstein Upgrades Southwest Airlines Stock, But Still Sees Risk To The Downside Read Post »