Piper Sandler analyst Brian Mullan maintains Chipotle Mexican Grill (NYSE:CMG) with a Neutral and raises the price target from $1930 to $2226.
Piper Sandler raises Chipotle Mexican Grill (NYSE:CMG) price target from $1930 to $2226 Read Post »
Lowe’s Companies, Inc. (NYSE: LOW) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/16/2024 12.27% Piper Sandler $218 → $245 Maintains Overweight 01/04/2024 4.94% Barclays $203 → $229 Maintains Equal-Weight 12/21/2023 15.48% Truist Securities $225 → $252 Maintains Buy 12/20/2023 9.98% Stifel $235 → $240 Downgrades Buy → Hold 11/27/2023 -12.93% RBC Capital $194 → $190 Maintains Sector Perform 11/22/2023 -3.77% Evercore ISI Group $205 → $210 Maintains In-Line 11/22/2023 -0.1% Piper Sandler $240 → $218 Maintains Overweight 11/22/2023 9.98% UBS $265 → $240 Maintains Buy 11/22/2023 -1.48% Telsey Advisory Group $225 → $215 Maintains Market Perform 11/22/2023 -1.48% Wedbush $230 → $215 Maintains Neutral 11/22/2023 5.4% Morgan Stanley $255 → $230 Maintains Overweight 11/21/2023 7.69% Truist Securities → $235 Reiterates Buy → Buy 11/21/2023 3.11% Telsey Advisory Group → $225 Reiterates Market Perform → Market Perform 11/15/2023 3.11% Telsey Advisory Group
Lowe’s Companies, Inc. (NYSE: LOW) Stock Analyst Ratings Read Post »
By Alyssa Lukpat Uber said it’s shutting down Drizly, the alcohol-delivery service it acquired for $1.1 billion in 2021. Drizly said Monday that it would accept its final orders in March. Uber acquired Drizly as part of its foray into the delivery business after pandemic lockdowns boosted alcohol-delivery sales but the Boston-based company quickly faced challenges. Alcohol-delivery sales haven’t captured the U.S. booze market, remaining only a small portion of overall consumption. “We’ve decided to close the business and focus on our core Uber Eats strategy of helping consumers get almost anything — from food to groceries to alcohol — all on a single app,” said Pierre Dimitri Gore-Coty, Uber’s senior vice president of delivery. The Federal Trade Commission last year ordered Drizly to implement new data security measures after hackers stole information about 2.5 million customers in 2020. Drizly has said it has millions of customers but Uber Tuesday
Uber Is Closing a Business It Bought for Over $1 Billion Three Years Ago — WSJ Read Post »
Target’s top line is looking a lot less risky this year. Morgan Stanley analyst Simeon Gutman says in a research note that the company is recovering from its idiosyncratic challenges, with overall discretionary spending set to rebound this year. Both of those factors likely point to accelerating sales momentum. He also sees potential for a margins beat, including from improving shrink. Target stock tends to re-rate with a higher multiple when macro or business-specific trends improve, and he sees that happening this year. Gutman upgrades shares to overweight from equal-weight and raises his price target to $165 a share from $140.
Target Seen With Upside On Rebounding Sales Read Post »
Starbucks’ (SBUX) cost levers could help the company deliver on earnings growth and likely get more management focus, Morgan Stanley said Tuesday. The brokerage upgraded its rating on the coffee chain’s stock to overweight from equal-weight and raised its price target to $120 from $112. “While US sales slowing is a legitimate concern, available product, tech, store levers remain interesting, in our view, and discounted somewhat by the market,” Morgan Stanley said in a note. The firm said it expects China headwinds to persist for the time being, but are likely fully priced in. “[Starbucks] is one of few companies we cover we’d consider to still be under-earning vs its potential, and it has a history of working its way out of tough spots,” Morgan Stanley said. For 2024, the firm expects Starbucks’ per-share earnings of $4.05, compared with the market consensus for $4.14, according to the note.
Starbucks’ Cost Levers Could Help Deliver Earnings Growth, Morgan Stanley Says Read Post »
Domino’s Pizza (NYSE:DPZ) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/16/2024 — Gordon Haskett Upgrades Hold → Buy 01/09/2024 -11.94% Bernstein → $370 Upgrades Underperform → Market Perform 01/05/2024 11.86% Oppenheimer $450 → $470 Maintains Outperform 01/04/2024 11.86% Stifel $440 → $470 Maintains Buy 01/03/2024 -17.65% Barclays $340 → $346 Maintains Underweight 12/20/2023 10.91% HSBC → $466 Initiates Coverage On → Buy 12/11/2023 8.29% Benchmark → $455 Upgrades Hold → Buy 12/11/2023 -4.8% Piper Sandler $401 → $400 Downgrades Overweight → Neutral 12/08/2023 -0.04% JP Morgan $410 → $420 Maintains Overweight 12/08/2023 13.05% BMO Capital $455 → $475 Maintains Outperform 12/08/2023 7.1% Evercore ISI Group $435 → $450 Maintains Outperform 12/08/2023 11.86% TD Cowen $430 → $470 Maintains Outperform 12/08/2023 8.29% Morgan Stanley $435 → $455 Maintains Overweight 12/08/2023 -4.8% Stephens & Co. $365 → $400 Maintains Equal-Weight 12/08/2023 0.92% Citigroup
Domino’s Pizza (NYSE:DPZ) Stock Analyst Ratings Read Post »
Starbucks (NASDAQ:SBUX) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/16/2024 — Gordon Haskett Downgrades Buy → Hold 01/16/2024 30.35% Morgan Stanley $112 → $120 Upgrades Equal-Weight → Overweight 12/20/2023 16.23% HSBC → $107 Initiates Coverage On → Hold 11/06/2023 15.14% Wedbush $100 → $106 Maintains Neutral 10/23/2023 26% Barclays $123 → $116 Maintains Overweight 10/19/2023 28.18% Deutsche Bank → $118 Initiates Coverage On → Buy 10/12/2023 8.62% UBS $110 → $100 Maintains Neutral 10/11/2023 10.8% Morgan Stanley $104 → $102 Maintains Equal-Weight 10/05/2023 8.62% Citigroup $104 → $100 Maintains Neutral 09/25/2023 12.97% Citigroup $112 → $104 Maintains Neutral 09/22/2023 16.23% TD Cowen → $107 Reiterates Market Perform → Market Perform 09/20/2023 16.23% TD Cowen → $107 Reiterates Market Perform → Market Perform 09/19/2023 16.23% TD Cowen $117 → $107 Downgrades Outperform → Market Perform 08/02/2023 19.49% Stifel $117 → $110 Maintains
Starbucks (NASDAQ:SBUX) Stock Analyst Ratings Read Post »
Walt Disney Co (NYSE:DIS) is reportedly working with the NFL on a deal that would give the NFL a minority position in ESPN. Needham analyst Laura Martin noted that this deal structure can add enormous value to both enterprises. However, only the final deal terms determine the distribution of value creation. The analyst has a Hold rating on Disney. Martin noted that DIS could no longer compete with Amazon.com Inc (NASDAQ:AMZN) or Apple Inc (NASDAQ:AAPL) for NFL or other sports rights based on cash alone because these are much larger companies than DIS that do not need to make money near-term from their streaming businesses. Giving the NFL (and other leagues) a minority equity position in ESPN allows the leagues to share in equity upside, in addition to cash payments, which saves cash for DIS in the near term and assures ESPN access to the best games the leagues have to offer. Aligned interests benefit DIS shareholders.
Target (NYSE:TGT) stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/16/2024 16.12% Morgan Stanley $140 → $165 Upgrades Equal-Weight → Overweight 01/04/2024 9.08% Wells Fargo $148 → $155 Maintains Overweight 11/16/2023 -1.48% Roth MKM → $140 Reiterates Neutral → Neutral 11/16/2023 -0.07% Citigroup $117 → $142 Maintains Neutral 11/16/2023 -0.77% Stifel $130 → $141 Maintains Hold 11/16/2023 -8.52% BMO Capital $120 → $130 Maintains Market Perform 11/16/2023 10.49% RBC Capital $161 → $157 Maintains Outperform 11/16/2023 -12.03% JP Morgan $113 → $125 Maintains Neutral 11/16/2023 4.15% TD Cowen $161 → $148 Downgrades Outperform → Market Perform 11/16/2023 12.6% Telsey Advisory Group $145 → $160 Maintains Outperform 11/15/2023 23.86% Goldman Sachs → $176 Maintains Buy 11/15/2023 12.6% Guggenheim $160 → $160 Maintains Buy 11/15/2023 17.52% DA Davidson $177 → $167 Maintains Buy 11/15/2023 -0.07% Deutsche Bank $123 → $142 Maintains Hold 11/15/2023 —
Target (NYSE:TGT) stock Analyst Ratings Read Post »
Morgan Stanley analyst Simeon Gutman upgrades Target (NYSE:TGT) from Equal-Weight to Overweight and raises the price target from $140 to $165.
Morgan Stanley raises Target (NYSE:TGT) price target from $140 to $165 Read Post »
Home Depot (NYSE: HD) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/16/2024 12.17% Piper Sandler $311 → $400 Upgrades Neutral → Overweight 01/10/2024 6.56% Wedbush $330 → $380 Upgrades Neutral → Outperform 01/04/2024 4.32% Barclays $325 → $372 Upgrades Equal-Weight → Overweight 12/21/2023 8.52% Truist Securities $356 → $387 Maintains Buy 12/20/2023 -0.45% Stifel $306 → $355 Maintains Hold 12/08/2023 -0.17% Truist Securities $340 → $356 Maintains Buy 11/15/2023 -4.66% Guggenheim $360 → $340 Maintains Buy 11/15/2023 -16.15% RBC Capital $303 → $299 Maintains Sector Perform 11/15/2023 0.95% Oppenheimer → $360 Reiterates Outperform → Outperform 11/15/2023 -4.66% Truist Securities $341 → $340 Maintains Buy 11/15/2023 -6.06% Morgan Stanley $350 → $335 Maintains Overweight 11/15/2023 -8.86% Telsey Advisory Group → $325 Reiterates Market Perform → Market Perform 11/13/2023 -14.19% Stifel $350 → $306 Maintains Hold 11/07/2023 -15.03% RBC Capital → $303 Initiates
Home Depot (NYSE: HD) Stock Analyst Ratings Read Post »
Starbucks (NASDAQ:SBUX) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/16/2024 29.59% Morgan Stanley $112 → $120 Upgrades Equal-Weight → Overweight 12/20/2023 15.55% HSBC → $107 Initiates Coverage On → Hold 11/06/2023 14.47% Wedbush $100 → $106 Maintains Neutral 10/23/2023 25.27% Barclays $123 → $116 Maintains Overweight 10/19/2023 27.43% Deutsche Bank → $118 Initiates Coverage On → Buy 10/12/2023 7.99% UBS $110 → $100 Maintains Neutral 10/11/2023 10.15% Morgan Stanley $104 → $102 Maintains Equal-Weight 10/05/2023 7.99% Citigroup $104 → $100 Maintains Neutral 09/25/2023 12.31% Citigroup $112 → $104 Maintains Neutral 09/22/2023 15.55% TD Cowen → $107 Reiterates Market Perform → Market Perform 09/20/2023 15.55% TD Cowen → $107 Reiterates Market Perform → Market Perform 09/19/2023 15.55% TD Cowen $117 → $107 Downgrades Outperform → Market Perform 08/02/2023 18.79% Stifel $117 → $110 Maintains Hold 08/02/2023 12.31% Morgan Stanley $104 → $104
Starbucks (NASDAQ:SBUX) Stock Analyst Ratings Read Post »