Consumer Discretionary

Chipotle Mexican Grill(NYSE: CMG) Q4 2023 Earnings Conference

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The following is a summary of the Chipotle Mexican Grill, Inc. (NYSE: CMG) Q4 2023 Earnings Call Transcript: Financial Performance: 2023 annual sales grew by 14% to $9.9 billion and fourth quarter sales grew 15% to $2.5 billion, both driven by strong comp growth. Digital sales represented 37% of all sales for the full year and 36% for Q4. Restaurant level margin improved, reaching 26.2% for the full year and 25.4% for Q4. Adjusted diluted EPS was $44.86 for the full year, a 37% growth over last year. The company ended the year with a robust balance sheet holding $1.9 billion in cash and investments, and no debt. Chipotle forecasts mid-single digit comp growth for fiscal 2024 and a lower cost of sales in Q1 2024. Business Progress: Successfully opened a record 271 new restaurants in 2023, including 238 featuring Chipotlane concept. Continues to focus on five key strategies: people […]

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Uber Technologies, Inc. (NYSE:UBER) Stock Analyst Ratings

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Uber Technologies, Inc. (NYSE:UBER) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 02/06/2024 13.67% Keybanc $70 → $79 Maintains Overweight 01/30/2024 5.04% B of A Securities $68 → $73 Maintains Buy 01/26/2024 -2.16% Truist Securities $58 → $68 Maintains Buy 01/24/2024 -5.04% Gordon Haskett → $66 Downgrades Buy → Hold 01/22/2024 2.16% Needham $63 → $71 Maintains Buy 01/17/2024 10.79% Mizuho $63 → $77 Maintains Buy 01/16/2024 -9.35% Needham → $63 Reiterates Buy → Buy 01/12/2024 12.23% Goldman Sachs $59 → $78 Maintains Buy 01/11/2024 12.23% Goldman Sachs $59 → $78 Maintains Buy 01/09/2024 -0.72% BMO Capital → $69 Initiates Coverage On → Outperform 12/29/2023 -10.79% Nomura $59 → $62 Downgrades Buy → Neutral 12/19/2023 0.72% Keybanc $61 → $70 Maintains Overweight 12/04/2023 7.91% Oppenheimer $65 → $75 Maintains Outperform 12/01/2023 -10.79% JMP Securities → $62 Reiterates Market Outperform → Market Outperform

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Estee Lauder (NYSE:EL) Stock Analyst Ratings

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Estee Lauder (NYSE:EL) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 02/06/2024 3.33% Telsey Advisory Group $115 → $155 Maintains Market Perform 01/18/2024 -0.01% JP Morgan $118 → $150 Maintains Overweight 01/16/2024 -19.34% Barclays $101 → $121 Maintains Equal-Weight 11/29/2023 8.66% DA Davidson $146 → $163 Maintains Buy 11/28/2023 19.99% HSBC → $180 Initiates Coverage On → Buy 11/08/2023 -20.01% TD Cowen → $120 Downgrades Outperform → Market Perform 11/03/2023 -21.34% Berenberg $224 → $118 Downgrades Buy → Hold 11/02/2023 -2.67% DA Davidson $185 → $146 Maintains Buy 11/02/2023 -21.34% JP Morgan $173 → $118 Maintains Overweight 11/02/2023 -10.67% Morgan Stanley $200 → $134 Maintains Overweight 11/02/2023 -6.01% Goldman Sachs $185 → $141 Maintains Buy 11/02/2023 -23.34% Telsey Advisory Group $210 → $115 Downgrades Outperform → Market Perform 11/02/2023 -23.34% RBC Capital $195 → $115 Downgrades Outperform → Sector Perform 10/26/2023 39.99%

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Costco Wholesale Corporation (NASDAQ:COST) Stock Analyst Ratings

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Costco Wholesale Corporation (NASDAQ:COST) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 02/06/2024 5.04% Telsey Advisory Group $700 → $750 Maintains Outperform 02/02/2024 6.44% Oppenheimer $695 → $760 Maintains Outperform 01/05/2024 -2.66% Oppenheimer $675 → $695 Maintains Outperform 12/29/2023 4.34% Tigress Financial $635 → $745 Maintains Buy 12/21/2023 3.78% Truist Securities $693 → $741 Maintains Buy 12/20/2023 -13.17% Northcoast Research → $620 Downgrades Buy → Neutral 12/15/2023 -1.96% BMO Capital $612 → $700 Maintains Outperform 12/15/2023 -15.97% DA Davidson $570 → $600 Maintains Neutral 12/15/2023 -5.46% Stifel $615 → $675 Maintains Buy 12/15/2023 -11.76% Citigroup $585 → $630 Maintains Neutral 12/15/2023 1.54% UBS $640 → $725 Maintains Buy 12/15/2023 -5.46% Oppenheimer → $675 Reiterates Outperform → Outperform 12/15/2023 -6.16% Raymond James $580 → $670 Maintains Outperform 12/15/2023 -2.94% Truist Securities $619 → $693 Maintains Buy 12/15/2023 -1.96% Telsey Advisory Group $625 →

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Tesla’s Stock Is Downgraded, More for Elon Musk’s Issues Than ‘Tough’ EV Demand

/ / Consumer Discretionary /

By Tomi Kilgore Daiwa’s Jairam Nathan is worried about how governance concerns will aggravate difficult financial conditions Shares of Tesla Inc. were downgraded Tuesday by a longtime bull, who expressed concerns about increased focus on governance issues surrounding the electric-vehicle giant’s Chief Executive Elon Musk that could make a “tough” EV-demand environment even worse. The stock (TSLA) bounced 1.3% in morning trading, after closing the previous session at a nine-month low. Daiwa Capital Markets analyst Jairam Nathan cut his rating to neutral, after being at outperform for the past two years. He lowered his price target on the stock by 20%, to $195 from $245. His concern is that corporate governance concerns have come back to the forefront when a court ruling voided CEO Musk’s $56 billion compensation package, due to the “non-independence” of Tesla’s board of directors. And a recent report in The Wall Street Journal that highlighted the

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Airbnb (NASDAQ:ABNB) Stock Analyst Ratings

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Airbnb (NASDAQ:ABNB) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 02/05/2024 2.46% UBS $125 → $148 Maintains Neutral 01/30/2024 3.85% Wedbush $135 → $150 Maintains Neutral 01/29/2024 -23.84% Barclays $100 → $110 Maintains Underweight 01/22/2024 3.85% Needham → $150 Reiterates Buy → Buy 01/17/2024 3.85% Mizuho $130 → $150 Maintains Neutral 01/09/2024 -7.23% BMO Capital → $134 Initiates Coverage On → Market Perform 12/12/2023 -30.77% Barclays $135 → $100 Downgrades Equal-Weight → Underweight 12/08/2023 — DBS Bank Downgrades Buy → Hold 11/29/2023 -3.07% Jefferies $155 → $140 Downgrades Buy → Hold 11/17/2023 -5.84% Evercore ISI Group → $136 Downgrades Outperform → In-Line 11/03/2023 10.77% Susquehanna $165 → $160 Maintains Positive 11/02/2023 -18.31% JP Morgan $130 → $118 Maintains Neutral 11/02/2023 -14.84% Piper Sandler $142 → $123 Maintains Neutral 11/02/2023 -27.31% Morgan Stanley $110 → $105 Maintains Underweight 11/02/2023 -6.54% Wedbush $145 →

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Estee Lauder Looks to Readjust China Ops Amid Lower Key Online Sales

/ / Consumer Discretionary /

Estee Lauder’s softer-than-expected sales in China through Tmall’s online platforms such as Taobao sparks questions about its ability to gain market share there. In the latest quarter, organic net sales dropped 7% in the Asia Pacific region due to lower online sales in China, despite the momentum it is seeing in brick-and-mortar in the country. The cosmetics giant has been dealing with some soft consumer sentiment in China, but it will continue investing in this market, CEO Fabrizio Freda says during a call with analysts. The company is working on improving how China and Travel Retail work in making decisions about promotions, pricing and channel composition, CEO Fabrizio Freda says. Shares jump 13% to $151.59.

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McDonald’s(NYSE:MCD) Q4 2023 Earnings Conference

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The following is a summary of the McDonald’s Corporation (MCD) Q4 2023 Earnings Call Transcript: Financial Performance: McDonald’s Corporation reported 2023 global comp sales growth of 9% and comp guest count performance of nearly 3%, maintaining market leadership in most significant markets. Q4 comp sales performance exceeded 4% in both the U.S. and IOM segments, and over 3% globally, despite Middle East conflicts impacting specific segments. Q4 adjusted earnings per share were $2.95, an 11% increase in constant currencies from the previous year, excluding a nearly $140 million charge for impaired software write-offs and growth strategy costs. Full year adjusted operation margin was just over 47%, producing $14 billion in restaurant margin, a rise of around 10% in constant currency. The corporation invested about $2.4 billion in capital expenditure, with over half dedicated to new unit development, and a free cash flow conversion nearing the 90% range. Business Progress: McDonald’s

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Uber’s Structural Advantage Reinforced as Pricing Moves Higher in Lockstep With Competitor, RBC Says

/ / Consumer Discretionary /

Uber’s (UBER) pricing remains 10% ahead of rival Lyft (LYFT), moving higher in lockstep with its competitor, indicating there has been no meaningful change in competitive dynamics or market share, RBC Capital Markets said in a note emailed on Monday. The brokerage said Uber’s long-term structural scale advantage remains intact, prompting it to maintain an outperform rating on the stock with a price target of $65. RBC also said the pricing trend along with lower wait times indicates lower driver incentive intensity, which suggests that “demand is healthy and rationally competitive.” “Directionally, we view higher pricing as a reflection of solid industry demand & supportive of ongoing ride growth,” RBC analyst Brad Erickson said. “We view the persistent pricing delta between UBER & LYFT as reinforcing UBER’s structural advantage,” he added.

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Tesla (NASDAQ:TSLA) Stock Analyst Ratings

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Tesla (NASDAQ:TSLA) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 02/05/2024 24.07% Piper Sandler $295 → $225 Maintains Overweight 01/31/2024 73.7% Wedbush → $315 Reiterates Outperform → Outperform 01/30/2024 65.42% Baird → $300 Reiterates Outperform → Outperform 01/26/2024 37.85% Deutsche Bank $260 → $250 Maintains Buy 01/26/2024 — Edward Jones Downgrades Buy → Hold 01/26/2024 -28.32% JP Morgan $135 → $130 Maintains Underweight 01/26/2024 23.52% Citigroup $255 → $224 Maintains Neutral 01/26/2024 21.31% Goldman Sachs $255 → $220 Maintains Neutral 01/25/2024 24.07% UBS $229 → $225 Maintains Neutral 01/25/2024 65.42% Baird → $300 Reiterates Outperform → Outperform 01/25/2024 73.7% Wedbush $350 → $315 Maintains Outperform 01/25/2024 48.88% Mizuho $310 → $270 Maintains Buy 01/25/2024 63.77% RBC Capital $300 → $297 Maintains Outperform 01/25/2024 6.42% Truist Securities $227 → $193 Maintains Hold 01/25/2024 24.07% Barclays $250 → $225 Maintains Equal-Weight 01/25/2024 21.31% Goldman

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