Lowe’s Companies (NYSE:LOW) ‘s Exec Says As We Move Into H2, Expect Comp Sales To Improve
Lowe’s Companies (NYSE:LOW) ‘s Exec Says As We Move Into H2, Expect Comp Sales To Improve.
DA Davidson analyst reiterates Lowe’s Companies (NYSE:LOW) with a Buy
DA Davidson analyst Michael Baker reiterates Lowe’s Companies (NYSE:LOW) with a Buy and maintains $258 price target.
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S&P Sees February Auto Sales Bouncing Back From January
February car sales will see a slight rebound from January, but new vehicles sales will still remain low, S&P Global Mobility says. With volume for the month projected at 1.22 million units, February U.S. auto sales are estimated to translate to an estimated 2024 sales pace of 15.5 million units. This would be a step up from the 15 million unit pace of January, and reflective of the volatile nature of the current auto demand environment. “While pricing, inventory and incentive trends are seemingly moving in the correct directions, respectively, to promote new vehicle sales growth, high interest rates and uncertain economic conditions continue to push against any consistent upshift for demand levels,” says Chris Hopson, principal analyst at S&P Global Mobility.
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Sell Roku Stock, Analyst Says. Walmart’s Vizio Acquisition ‘Creates Substantial Risk.’ — Barrons.com
By Emily Dattilo The competitive landscape is changing, and that presents problems for Roku, Wells Fargo says. Analysts led by Steven Cahall downgraded shares of the media-streaming company to Underweight from Equal Weight and slashed their target for the stock price to $51 from $77. They lowered their forecasts for net additions of subscribers, revenue, gross profit, and other metrics in a Tuesday report. In morning trading, Roku shares were down 1.4% to $63.46, while the S&P 500 was flat. The core of the issue is that earlier this month, when Walmart filed its fourth-quarter earnings, the retailer confirmed reports it was buying the smart TV manufacturer Vizio for about $2.3 billion, or $11.50 a share. The acquisition will help Walmart make gains with its advertising business, Walmart Connect, Barron’s reported. Owning a TV maker allows a company to snap up dollars from advertising, which is quickly becoming a profit
Domino’s Pizza’s (NYSE:DPZ) s Q4 Backs ‘Improving Narrative’ Into 2024, Morgan Stanley Says
Domino’s Pizza’s (DPZ) Q4 backs the “improving narrative” into 2024, with potential growth in delivery and carryout, as well as accelerated unit growth in the US this year, Morgan Stanley said in an emailed note to clients Tuesday. The investment firm raised its price target on the company to $485 from $465 and kept its overweight rating. Domino’s on Monday reported higher earnings and revenue in fiscal Q4. Domino’s expects to drive transaction growth in delivery and carry out excluding impact from Uber Technologies’ (UBER) Uber Eats, reach 3% of sales from Uber by the end of 2024 and see a low-single-digit percentage of pricing due to wage inflation, according to the note. “If one believes the first part of that, which was visible in the Q4 but may remain a point of debate, [more than] 5% comps could be on the table for the year, as we have been
Snowflake (NYSE:SNOW) Stock Analyst Ratings
Snowflake (NYSE:SNOW) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 02/27/2024 24.17% Citigroup $255 → $290 Maintains Buy 02/22/2024 -3.67% UBS $185 → $225 Maintains Neutral 02/21/2024 13.46% Needham $225 → $265 Maintains Buy 02/20/2024 7.04% Truist Securities $230 → $250 Maintains Buy 02/15/2024 -8.37% HSBC → $214 Downgrades Buy → Hold 02/02/2024 -4.52% Raymond James $190 → $223 Maintains Outperform 01/22/2024 -9.23% JMP Securities → $212 Reiterates Market Outperform → Market Outperform 01/16/2024 -1.52% Truist Securities $210 → $230 Maintains Buy 01/12/2024 -15.23% Barclays → $198 Downgrades Overweight → Equal-Weight 01/08/2024 -3.67% Needham → $225 Reiterates Buy → Buy 01/05/2024 -1.52% RBC Capital → $230 Initiates Coverage On → Outperform 01/04/2024 -31.5% Monness, Crespi, Hardt → $160 Downgrades Neutral → Sell 01/02/2024 7.04% Piper Sandler $220 → $250 Maintains Overweight 12/11/2023 -1.52% TD Cowen $215 → $230 Maintains Outperform 12/01/2023 -18.65%
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Citigroup maintains Snowflake with a Buy
Citigroup analyst Tyler Radke maintains Snowflake with a Buy and raises the price target from $255 to $290.
Citigroup maintains Snowflake with a Buy Read Post »
Snowflake Q4 Preview: Analyst Sees ‘Outsized Benefit’ From AI Growth, Cloud-Native Data Platform ‘Disrupting A Massive Market’
Snowflake Inc (NYSE:SNOW), will be reporting its fourth-quarter earnings on Wednesday, Feb. 28. Wall Street expects 18 cents in EPS and $759.10 million in revenues as the company reports after market hours. Snowflake is known for its cloud-based data warehousing platform, providing scalable and efficient data storage, processing, and analytics solutions for organizations. The SNOW Analyst: Needham analyst Mike Cikos, CFA has a Buy rating on Snowflake stock with a price target of $265 (raised from $225) a share. The SNOW Thesis: Cikos believes Snowflake is poised for a robust performance in FY24, with an expectation to outperform both revenue and margin guidance. To this end, he underscored the pivotal role of Cloud migrations, saying, “Cloud migrations continue to serve as a foundation to growth, especially as the last 18 months’ headwinds dissipate.” “Snowflake is undertaking a meaningful expansion of the number of use-cases to go well beyond a ‘Data Warehouse’ in pursuit of
CFRA Retains Hold View On Shares Of Lowe’s Companies, Inc. (NYSE:LOW)
CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We raise our 12-month target $10 to $221, 18x our FY 25 EPS view of $12.26 (down $0.93; we set FY 26 at $13.76), a premium to the five-year P/E of 17.1x, reflecting LOW’s operational execution. FQ4 EPS of $1.77 (-22.3% Y/Y) beat by $0.09 on revenue of $18.6B (-17% Y/Y), ~1% above consensus. Comparable sales (-6.2% Y/Y) improved from FQ3’s -7.4% with strong holiday sales offsetting, in part, Do-It-Yourself pull-back and weather headwinds. Online and Pro-segment comparable sales were flat. LOW’s Pro survey shows cautious optimism. EBIT margin contracted 50 bps as product mix was partly offset by productivity focus. Macroeconomic concerns tame LOW’s short-term view, but mid- to long-term catalysts (home shortage, household formation, and work from home) sustain LOW’s bullish view. FY 24’s 2.2%
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Lowe’s Companies (NYSE:LOW) Q4 2023 Earnings Conference
The following is a summary of the Lowe’s Companies, Inc. (LOW) Q4 2023 Earnings Call Transcript: Financial Performance: Lowe’s reported Q4 sales of $18.6 billion with diluted earnings per share of $1.77. Gross margin was 32.4% of sales in Q4, up by 7 basis points from the previous year. The company’s effective tax rate was 23.8%, in line with the prior year’s adjusted rate. The operating margin rate for Q4 was 9.1%, showing a decline of 48 basis points from last year. Lowe’s paid $632 million in dividends in 2023 and repurchased 1.9 million shares, returning over $1 billion to shareholders. The company’s capital expenditure was $620 million in Q4, to invest in strategic initiatives for growth and profitability. Sales expectations for 2024 range from $84 billion to $85 billion with comparable sales decline expected in the range of 2% to 3%. The company forecasts an operating margin of between
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Goldman Sachs CEO: People Living Paycheck to Paycheck Are Cutting Back Even More
By Steve Gelsi ‘The lower part of the economy is a little softer,’ says David Solomon ‘I’ve talked to a bunch of CEOs that operate businesses that would have good insight into what I’ll call a more paycheck-to-paycheck kind of spending behaviors. I think that in the last few months you see a pattern of those behaviors tightening up, which means that the lower part of the economy is a little softer.’David Solomon, chief executive, Goldman Sachs The U.S. consumer continues to feel squeezed with less purchasing power than they had four years ago, especially among people living paycheck to paycheck, Goldman Sachs Group Inc. Chief Executive David Solomon said Tuesday. While the service economy is strong, and the upper half of the economy in the U.S. remains robust, Solomon said the average American feels strained by prices that remain higher than before the COVID-19 pandemic, he said at the
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Netflix Price Increase, Ad-Supported Tier to Drive ’24 Revenue Growth, UBS Says
Netflix’s price per hour of consumption is at the low end of its peer group, which is expected to lead to price increases this year, UBS analyst John Hodulik says in a research note. “While we expect net adds to slow, we believe Netflix still has significant runway as it continues to convert users to paid subs and attracts new cohorts,” Hodulik says. These conversions, along with price increases and a ramp-up in revenue from its ad-supported subscriptions is expected to drive 15% revenue growth in 2024, the analyst says. Hodulik raises the price target to $685 from $570. Netflix is up 2.4% to $601.85.
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