3M Sets April 1 As The Date To Spin-off Its Healthcare Business; Says Will Hold 19.9% Minority Stake In Solventum; Expect To Monetize In First 5 Operational Years Of The Company。
3M Sets April 1 As The Date To Spin-off Its Healthcare Business; Read Post »
Walmart (NYSE:WMT) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 02/21/2024 16.68% Telsey Advisory Group $185 → $205 Maintains Outperform 02/16/2024 -0.4% Stifel $169 → $175 Maintains Hold 02/14/2024 5.29% Telsey Advisory Group → $185 Reiterates Outperform → Outperform 02/12/2024 5.29% Oppenheimer $175 → $185 Maintains Outperform 11/17/2023 0.74% Evercore ISI Group $187 → $177 Maintains Outperform 11/17/2023 -3.81% Stifel $171 → $169 Maintains Hold 11/17/2023 -4.38% RBC Capital → $168 Reiterates Outperform → Outperform 11/17/2023 -3.24% Truist Securities $168 → $170 Maintains Hold 11/17/2023 -0.4% BMO Capital $180 → $175 Maintains Outperform 11/17/2023 -4.38% Morgan Stanley $170 → $168 Maintains Overweight 11/17/2023 5.29% Telsey Advisory Group → $185 Reiterates Outperform → Outperform 11/14/2023 10.98% Jefferies $190 → $195 Maintains Buy 11/13/2023 -2.68% Stifel $169 → $171 Maintains Hold 11/13/2023 8.14% Stephens & Co. $185 → $190 Maintains Overweight 10/25/2023 11.55% Tigress
Walmart (NYSE:WMT) Stock Analyst Ratings Read Post »
Goldman Sachs Raises Walmart (NYSE: WMT) Price Target to $193 From $180, Maintains Buy Rating。
Goldman Sachs Raises Walmart (NYSE: WMT) Price Target to $193 From $180 Read Post »
Applied Materials (AMAT) sales are expected to rebound to double-digit growth from fiscal year 2025 as the company is well leveraged in artificial intelligence silicon technologies like high-bandwidth memory, advanced packaging, and leading-edge logic, BofA Securities said in a note Friday. The investment firm expects growth in dynamic random access memory, or DRAM, shipments to China to either slow down or stabilize in fiscal H2, putting pressure on Applied Materials’ gross margin as the year progresses. This will be offset by increased demand for high-bandwidth memory and double data rate, BofA added. The company is also likely to face challenges as ICAPS is expected to decline this year, according to the note. BofA said Applied Materials’ competitors, which have a greater focus on leading-edge logic, might perform better. The firm said leading-edge logic will recover in fiscal H2 due to growth in gate-all-around, backside power delivery, and advanced packaging. BofA
General Motors (GM) is halting sales of its 2024 model year GMC Colorado and Canyon mid-size trucks for the time being to solve software quality issues, Reuters reported Tuesday. The company has identified a fix for the issues, which is being implemented, and shipments began Monday to dealers, according to the report. GM was quoted as saying in a statement that it expects the hold on sales to be lifted “shortly.” GM did not immediately respond to MT Newswires’ request for comment. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Costco’s F2Q print should be good, showcasing the consistency of its business model, and won’t change the debate on the stock, UBS analysts say in a research note. The wholesale retailer has demonstrated that it can benefit from all kinds of economic environments, including when consumers are stretched by inflation. Now, it’s seeing the benefits of an upturn in discretionary categories ahead of other retailers. Costco’s shares still have several catalysts ahead amid a long runway of growth globally, the analysts add. “The company’s recent club openings in China are a good way to gauge this.” Shares rise 0.3% to $725.77 and are up 10% year-to-date.
Costco Seen Rising Amid Global Growth Opportunities Read Post »
The following is a summary of the Walmart Inc. (WMT) Q4 2023 Earnings Call Transcript: Financial Performance: Walmart recorded a Q4 sales growth of 4.9% and an adjusted operating profit growth of 10.9% in constant currency. Inventory levels are improved and down compared to last year, and private brand penetration has increased in several countries. They achieved global e-commerce sales of $100 billion for the first time ever. Walmart’s year-end retail prices on like-for-like items inflated by about 80 basis points. The company reported significant growth in digital penetration in its China business, from 4% in 2019 to 48% currently. Gross margins expanded by 39 basis points, attributed to lower markdowns and effective inventory management. The company raised dividends by 9% and anticipates growing sales by 3% to 4% and operating income by 4% to 6% in FY 2025. Business Progress: Walmart plans to remodel 928 stores and clubs globally
Walmart (NYSE:WMT) Q4 2023 Earnings Conference Read Post »
Eli Lilly and Co (NYSE:LLY) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 02/20/2024 7.73% Cantor Fitzgerald → $815 Reiterates Overweight → Overweight 02/16/2024 25.58% Morgan Stanley $805 → $950 Maintains Overweight 02/14/2024 7.73% Cantor Fitzgerald → $815 Reiterates Overweight → Overweight 02/07/2024 12.36% Truist Securities $650 → $850 Maintains Buy 02/07/2024 6.41% Morgan Stanley $763 → $805 Maintains Overweight 02/07/2024 7.07% Barclays $680 → $810 Maintains Overweight 02/07/2024 9.05% Wells Fargo $700 → $825 Maintains Overweight 02/07/2024 14.34% BMO Capital $710 → $865 Maintains Outperform 02/06/2024 9.05% Wells Fargo $700 → $825 Maintains Overweight 02/06/2024 7.73% Cantor Fitzgerald $630 → $815 Maintains Overweight 02/05/2024 -16.72% Cantor Fitzgerald → $630 Reiterates Overweight → Overweight 02/01/2024 -16.72% Cantor Fitzgerald → $630 Reiterates Overweight → Overweight 01/24/2024 -7.47% Wells Fargo $650 → $700 Maintains Overweight 01/23/2024 -16.72% Cantor Fitzgerald → $630 Reiterates Overweight →
Eli Lilly and Co (NYSE:LLY) Stock Analyst Ratings Read Post »
Bernstein Research analyst David Vernon upgraded Southwest Airlines Company (NYSE:LUV) from Underperform to Market Perform and raised the price target from $26 to $32 on Tuesday, citing a change in sentiment on domestic pricing. In a new note to clients, Vernon highlighted resiliency in travel demand and positive commentary from airline management teams during the recent earnings cycle which has led Bernstein to anticipate stronger development in the domestic market than it had previously forecasted. The Bernstein analyst pointed to a more moderate capacity forecast due to slowing deliveries from Boeing, equipment availability issues at Spirit and Frontier Airlines’ shift out of competitive markets. When combined with strong travel demand, Bernstein believes a positive revision to revenue forecasts is appropriate.
Bernstein Upgrades Southwest Airlines Stock, But Still Sees Risk To The Downside Read Post »
Analog Devices, Inc. (NASDAQ:ADI) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 02/20/2024 9.5% Cantor Fitzgerald → $205 Reiterates Neutral → Neutral 02/12/2024 9.5% Cantor Fitzgerald → $205 Reiterates Neutral → Neutral 01/29/2024 9.5% Cantor Fitzgerald → $205 Reiterates Neutral → Neutral 01/23/2024 9.5% Cantor Fitzgerald → $205 Initiates Coverage On → Neutral 01/16/2024 -1.18% Barclays $180 → $185 Maintains Equal-Weight 12/22/2023 — Edward Jones Upgrades Hold → Buy 11/22/2023 14.84% Oppenheimer → $215 Reiterates Outperform → Outperform 11/22/2023 -6.52% Piper Sandler $190 → $175 Maintains Neutral 11/22/2023 12.17% Susquehanna $215 → $210 Maintains Positive 11/22/2023 12.17% UBS $200 → $210 Maintains Buy 11/22/2023 10.04% Truist Securities $213 → $206 Maintains Buy 11/22/2023 16.98% Morgan Stanley $225 → $219 Maintains Overweight 11/17/2023 20.19% Morgan Stanley $176 → $225 Upgrades Equal-Weight → Overweight 11/13/2023 6.83% UBS $210 → $200 Maintains Buy 10/11/2023 -5.99%
Analog Devices, Inc. (NASDAQ:ADI) Stock Analyst Ratings Read Post »
Advanced Micro Devices (NASDAQ:AMD) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 02/20/2024 16.6% Cantor Fitzgerald → $190 Reiterates Overweight → Overweight 02/13/2024 22.74% Mizuho $175 → $200 Maintains Buy 02/12/2024 16.6% Cantor Fitzgerald → $190 Reiterates Overweight → Overweight 02/01/2024 10.46% Goldman Sachs $157 → $180 Maintains Buy 01/31/2024 53.42% Rosenblatt $200 → $250 Maintains Buy 01/31/2024 10.46% Raymond James $195 → $180 Maintains Outperform 01/31/2024 22.74% Wedbush → $200 Reiterates Outperform → Outperform 01/31/2024 19.67% Northland Capital Markets → $195 Upgrades Market Perform → Outperform 01/31/2024 6.78% Truist Securities $154 → $174 Maintains Hold 01/31/2024 16.6% Cantor Fitzgerald → $190 Reiterates Overweight → Overweight 01/31/2024 16.6% Roth MKM $125 → $190 Maintains Buy 01/31/2024 16.6% Wells Fargo $165 → $190 Maintains Overweight 01/31/2024 22.74% Susquehanna $210 → $200 Maintains Positive 01/31/2024 17.83% Citigroup $136 → $192 Maintains Buy 01/31/2024 10.46%
Advanced Micro Devices (NASDAQ:AMD) Stock Analyst Ratings Read Post »
Cantor Fitzgerald analyst C J Muse reiterates Applied Materials (NASDAQ:AMAT) with a Neutral and maintains $220 price target.
Cantor Fitzgerald maintains Applied Materials (NASDAQ:AMAT) $220 price target Read Post »