Wells Fargo analyst Zachary Fadem maintains Starbucks (NASDAQ:SBUX) with a Overweight and maintains $105 price target.
Wells Fargo analyst Zachary Fadem maintains Starbucks (NASDAQ:SBUX) with a Overweight Read Post »
BMO Capital analyst Jeffrey Silber maintains S&P Global (NYSE:SPGI) with a Outperform and raises the price target from $480 to $483.
BMO Capital analyst Jeffrey Silber maintains S&P Global (NYSE:SPGI) with a Outperform Read Post »
Wells Fargo analyst Ken Gawrelski maintains Airbnb (NASDAQ:ABNB) with a Underweight and raises the price target from $107 to $127.
Wells Fargo analyst Ken Gawrelski maintains Airbnb (NASDAQ:ABNB) with a Underweight Read Post »
Goldman Sachs analyst Richard Ramsden maintains Wells Fargo (NYSE:WFC) with a Buy and raises the price target from $57 to $65.
Goldman Sachs analyst Richard Ramsden maintains Wells Fargo (NYSE:WFC) with a Buy Read Post »
FedEx’s loss of its contract with the U.S. Postal Service will likely be a roughly $1.5 billion hit to revenue, BMO Capital Markets analysts say in a research note. However, the loss of the contract will likely lead to improved margins once costs associated with the USPS deal are phased out, the analysts say. FedEx “will be able to redesign its air network schedule in a manner that removes significant cost pressures over time.” FedEx shares fall 3.1%.
FedEx To Take Revenue Hit From USPS Contract Loss; Margins May Improve Read Post »
B of A Securities analyst Jessica Ehrlich maintains Walt Disney (NYSE:DIS) with a Buy and raises the price target from $130 to $145.
B of A Securities analyst Jessica Ehrlich maintains Walt Disney (NYSE:DIS) with a Buy 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: MMM shares are settling lower today following the spin-off of Solventum (SOLV), MMM’s healthcare business. Holders of MMM stock received one share of SOLV for every four shares of MMM held at the close of March 18, 2024. MMM retains 20% ownership of SOLV, which will be monetized over the next five years. Shares are also reacting to today’s news of MMM receiving final court approval of its PFAS settlement with public water suppliers (PWS), totaling $10.3B, payable over 13 years. Payments under the agreement are scheduled to begin in Q3 of 2024. We believe MMM will be better positioned for recovery with a new CEO, a more focused operating model, and reduced litigation overhang. However, we view risks as still being elevated in the near term.
CFRA Keeps Hold Opinion On Shares Of 3m Company 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 lift our 12-month target to $158 from $110 on a P/E of 40x our 2025 EPS view, above peers, reflecting financial strength (net cash of $4B) and higher growth. We lift our 2024 EPS to $2.75 from $2.71 and 2025’s to $3.96 from $3.54. We upgrade our view on DASH due to our increased conviction in the company’s accelerating growth trajectory across almost all of its business segments, driven by stickiness of its delivery ecosystem. We remain positive given high growth potential from subscription services (+18M members in 2023 vs. 15M in 2022) and expansion into grocery/retail/international boosting Marketplace GOV and orders (+22% GOV and +23% orders in Q4). We also see a positive secular trend emerging within the gig economy, thanks to ample supply of
CFRA Upgrades Opinion On Shares Of Doordash, Inc To Buy From Hold 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 lift our 12-month target to $188 from $168 on an above-peer P/E of 35x our 2025 EPS. We keep our 2024 EPS at $4.61 and 2025’s at $5.36. We have a positive outlook on ABNB due to its strong network effect advantage and widespread customer adoption. We see 12% revenue growth in 2024, driven by strong supply growth (+18% ex-China in Q4), higher take rates, and international expansion. We like ABNB’s positive EBITDA margins (33%, +6%-pts in Q4) and we believe persistent double-digit top-line growth can continue, driven by further penetration into markets like Asia (especially Korea), Germany, and Brazil, where adoption is early. We also expect ABNB to benefit from a resurgence in travel demand within China as Covid-19 restrictions ease, unlocking pent-up demand throughout
CFRA Keeps Buy Opinion On Shares Of Airbnb, Inc. Read Post »
Tesla’s first-quarter delivery report is coming. It better show year-over-year growth or investors will get grumpier than they already are. Looking at the current consensus calls from Wall Street, growth shouldn’t be a problem. However, there’s a rub. That consensus may be too optimistic. Heading into Tuesday’s report, Wall Street expects about 457,000 units, according to FactSet, up from 423,000 units delivered in the first quarter of 2023. That’s growth of about 8%, not nearly as brisk as the growth of past quarters, but growth nonetheless. The FactSet number is too high. That’s the problem. Not all analysts update numbers at the same rate. The company-compiled consensus number is about 443,000 units. That figure is an average of more than two dozen analysts from large brokerage firms that Tesla distributes each quarter. The Tesla-provided number implies slower growth, but it might be too high too. The most current handful of
Tesla Delivery Results Are Coming. Investors Want Growth. — Barrons.com Read Post »
B of A Securities analyst Bryan Spillane upgrades Estee Lauder Cos (NYSE:EL) from Neutral to Buy and raises the price target from $160 to $170.
Regarding Tesla, Deutsche Bank Forecasts Deliveries Of 414,000 In Q1 Vs Prior Forecast Of 427,000.