Consumer Discretionary

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 01/29/2024 -26.66% Barclays $100 → $110 Maintains Underweight 01/22/2024 0.01% Needham → $150 Reiterates Buy → Buy 01/17/2024 0.01% Mizuho $130 → $150 Maintains Neutral 01/09/2024 -10.66% BMO Capital → $134 Initiates Coverage On → Market Perform 12/12/2023 -33.33% Barclays $135 → $100 Downgrades Equal-Weight → Underweight 12/08/2023 — DBS Bank Downgrades Buy → Hold 11/29/2023 -6.66% Jefferies $155 → $140 Downgrades Buy → Hold 11/17/2023 -9.33% Evercore ISI Group → $136 Downgrades Outperform → In-Line 11/03/2023 6.67% Susquehanna $165 → $160 Maintains Positive 11/02/2023 -21.33% JP Morgan $130 → $118 Maintains Neutral 11/02/2023 -17.99% Piper Sandler $142 → $123 Maintains Neutral 11/02/2023 -30% Morgan Stanley $110 → $105 Maintains Underweight 11/02/2023 -9.99% Wedbush $145 → $135 Maintains Neutral 11/02/2023 0.01% Needham $160 → $150 Maintains Buy 10/31/2023 -13.33% Mizuho $150 → […]

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American Airlines Stock Gets Another Upgrade. Why Wall Street Is Turning Bullish. — Barrons.com

/ / Consumer Discretionary /

American Airlines stock picked up another Buy rating Monday as Wall Street continued to warm to the shares after the carrier’s fourth-quarter earnings. Citi analysts upgraded the stock to Buy from Neutral, noting that the mainline airlines have moved into a position of strength in the postpandemic environment because of their diversified revenue streams and premium offerings. “Against this backdrop, American’s ongoing deleveraging focus and continued low capex, along with protracted industry capacity constraints, should continue to support the likes of American Airlines,” Citi’s Stephen Trent said in a note Monday. His target price of $20 implies a 32% gain from Friday’s closing price. He still prefers Delta Air Lines and United Airlines, but his call puts American ahead of Neutral-rated Southwest Airlines. Sentiment toward the stock on Wall Street is starting to shift, with 43% of those covering the shares rating them Buy. That is the highest since November

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3 Things From Tesla’s 10-K. How Much It Really Spends on Marketing. — Barrons.com

/ / Consumer Discretionary /

Investors should always peruse the annual filings of the companies in their portfolios. They contain details that may be left out of earnings releases and conference calls. Monday, Tesla filed its annual report on a form 10-K with the Securities and Exchange Commission. It offers analysts and investors another chance to look under the hood and check the health of the world’s most valuable car company. Here are a few noteworthy items — including how much Tesla really spends on marketing — along with a little history. Recalls Don’t Tell Investors Much Tesla spent about $1.2 billion on warranty repairs in 2023, up from about $800 million in 2022. That 50% increase isn’t alarming. After all, Tesla is growing with more cars on the roads. Tesla’s 2023 warranty expense works out to $250 per car still covered in the five-year warranty, the same cost per car as in 2022. The

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Hilton Worldwide Holdings (NYSE:HLT) Stock Analyst Ratings

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Hilton Worldwide Holdings (NYSE:HLT) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/29/2024 3.83% Barclays $190 → $200 Maintains Overweight 01/02/2024 -5.52% Jefferies $157 → $182 Maintains Hold 10/27/2023 -11.75% Raymond James $165 → $170 Maintains Outperform 10/26/2023 -9.15% Truist Securities $172 → $175 Maintains Hold 10/26/2023 -5% Morgan Stanley $182 → $183 Maintains Overweight 10/26/2023 -10.19% Barclays $169 → $173 Maintains Overweight 10/23/2023 -0.85% HSBC → $191 Initiates Coverage On → Buy 10/16/2023 -5.52% Morgan Stanley $170 → $182 Maintains Overweight 09/12/2023 -14.86% TD Cowen $148 → $164 Maintains Outperform 08/14/2023 -16.42% Bernstein $152 → $161 Maintains Market Perform 07/27/2023 -11.75% Morgan Stanley $163 → $170 Maintains Overweight 07/27/2023 -14.86% Baird $160 → $164 Maintains Outperform 07/21/2023 -16.42% Wells Fargo $151 → $161 Maintains Equal-Weight 07/21/2023 -12.27% Barclays $166 → $169 Maintains Overweight 06/27/2023 -15.38% Morgan Stanley $166 → $163 Maintains

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Marriott (NASDAQ:MAR) Stock Analyst Ratings

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Marriott (NASDAQ:MAR) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/29/2024 -3.03% Barclays $208 → $234 Maintains Equal-Weight 01/02/2024 -5.93% Jefferies $205 → $227 Maintains Hold 12/05/2023 -8.83% Wells Fargo → $220 Initiates Coverage On → Equal-Weight 10/23/2023 -3.44% HSBC → $233 Initiates Coverage On → Buy 10/16/2023 -3.85% Morgan Stanley $225 → $232 Maintains Overweight 09/21/2023 -8.41% Truist Securities → $221 Reiterates Hold → Hold 09/21/2023 -6.76% B of A Securities $215 → $225 Maintains Buy 09/12/2023 -10.9% TD Cowen $185 → $215 Maintains Outperform 08/31/2023 -6.76% Citigroup $175 → $225 Maintains Neutral 08/14/2023 -9.66% Bernstein $204 → $218 Downgrades Outperform → Market Perform 08/07/2023 -8% Wells Fargo $212 → $222 Maintains Overweight 08/02/2023 -8.41% Truist Securities $213 → $221 Maintains Hold 08/02/2023 -3.85% Argus Research $208 → $232 Maintains Buy 08/02/2023 -6.76% Morgan Stanley $208 → $225 Maintains Overweight 08/02/2023

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Tesla Expects Capital Expenditures to Decline After Fiscal 2024

/ / Consumer Discretionary /

By Will Feuer Tesla expects to spend more than $10 billion in capital expenditures in the current fiscal year, but expects that figure to decline in the following two years. The Elon Musk-led electric vehicle maker disclosed the guidance in a regulatory filing containing its annual report. For fiscal 2025 and fiscal 2026, Tesla said it is targeting capital expenditures of $8 billion to $10 billion. The company cautioned that various factors, including potentially shifting company priorities and the addition of new projects, could affect the guidance. The company also said it expects to be able to fund itself and its expansion “as long as macroeconomic factors support current trends in our sales.” Tesla said it is likely to see heightened levels of capital expenditures over certain periods due to various factors such as labor availability, supply-chain issues, material prices and trade conditions. Write to Will Feuer at Will.Feuer@wsj.com

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Amazon and IRobot Agree to Terminate Pending Acquisition

/ / Consumer Discretionary /

Amazon and iRobot Agree to Terminate Pending Acquisition Amazon’s proposed acquisition of iRobot has no path to regulatory approval in the European Union, preventing Amazon and iRobot from moving forward together–a loss for consumers, competition, and innovation. SEATTLE & BEDFORD, Mass.–(BUSINESS WIRE)–January 29, 2024– Today Amazon (NASDAQ: AMZN) and iRobot (NASDAQ: IRBT) announced that they have entered into a mutual agreement to terminate their previously announced acquisition agreement, originally signed on August 4, 2022, under which Amazon would have acquired iRobot for cash consideration. This deal would have allowed Amazon to invest in continued innovation by iRobot and support iRobot in lowering prices on products customers already love. The companies released the following statements today about the decision: “We’re disappointed that Amazon’s acquisition of iRobot could not proceed,” said David Zapolsky, Amazon SVP and General Counsel. “We’re believers in the future of consumer robotics in the home and have always

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Southwest Airlines Adds Additional Flights From Kansas City, San Francisco for Las Vegas Super Bowl Weekend

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Southwest Airlines (LUV) said Monday that it is adding additional flights from Feb. 8 to Feb. 10 from Kansas City and San Francisco to Las Vegas in anticipation of the upcoming 58th iteration of the Super Bowl. Following the game’s outcome, Southwest plans to add more flights to facilitate the return of fans to their respective destinations on Feb. 12 and Feb. 13, the company said.

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I Just Cancelled My Tesla Full-Self Driving Subscription. — Barrons.com

/ / Consumer Discretionary /

I canceled my Full-Self Driving subscription. Whether that’s bad news or good news for Tesla depends on your point of view. I’m 10,000 miles into my Tesla ownership journey. The milestone was reached quickly. I purchased a rear-wheel drive Model 3 — with the help of a bank and tax credits — in late June, about seven months ago. Owning and driving an EV — compared with the many EV test drives taken — has been eye-opening. Let’s start with Full-Self Driving or FSD. I added a subscription about a month in, just ahead of several road trips involving college, family, and some time off. I reviewed the system after about 1,000 miles of FSD driving. It’s impressive. The car did 95% of the driving all by itself, but it still needed human supervision. I took over driving one or two times a trip, on average, because of vehicle hesitation,

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Estee Lauder’s Product Launches Seen as Key to Recovery Plan

/ / Consumer Discretionary /

There is no ‘silver bullet’ to drive a faster rebound in China, but the restoration of Estee Lauder’s sales growth should be supported by more substantial innovation across its biggest and newest brands, Raymond James analysts say in a research note. Near-term visibility around the beauty retailer remains challenging, but it should be better positioned for growth once its profit recovery bears fruit. “While shares may be volatile in the near-term, we maintain our strong buy rating,” analysts say, noting that they believe Estee Lauder’s long-term earnings should be stronger when margins are repaired and top-line growth is closer to $6. Shares rise 0.2% to $128 in after-hours trading.

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