Ford Motor (NYSE:F) Stock Analyst Ratings

Ford Motor (NYSE:F) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 02/13/2024 26.83% Morgan Stanley $15 → $16 Maintains Overweight 02/08/2024 18.91% Barclays $14 → $15 Maintains Overweight 02/07/2024 26.83% Citigroup $15 → $16 Maintains Buy 02/07/2024 -4.88% RBC Capital → $12 Reiterates Sector Perform → Sector Perform 01/24/2024 -20.73% Redburn Atlantic → $10 Initiates Coverage On → Sell 01/17/2024 -4.88% UBS → $12 Downgrades Buy → Neutral 12/04/2023 -10.42% HSBC → $11.3 Initiates Coverage On → Hold 11/01/2023 10.98% Barclays → $14 Upgrades Equal-Weight → Overweight 10/31/2023 18.91% Morgan Stanley $16 → $15 Maintains Overweight 10/06/2023 26.83% Morgan Stanley $16 → $16 Reiterates Overweight → Overweight 09/13/2023 18.91% UBS → $15 Initiates Coverage On → Buy 08/30/2023 -4.88% RBC Capital → $12 Reiterates Sector Perform → Sector Perform 08/01/2023 26.83% Morgan Stanley $16 → $16 Reiterates Overweight → Overweight 08/01/2023 3.05% […]

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McDonald’s Soft Start, ‘Cautious Tone’ Weighing on Shares, RBC Says

McDonald’s (MCD) Q4 results indicated a soft start to the year, with a somewhat “cautious tone” seen weighing on its shares, RBC Capital Markets said in a Monday note. “Near-term, we see continued focus on domestic trends as the likely driver of MCD share performance, particularly in a more value-conscious operating environment,” said RBC analysts Christopher Carril and Khadijah Gibson. “Longer-term, we continue to see MCD as well-positioned across areas of increasing focus, including loyalty, menu and digital.” Looking ahead to 2024, the analysts said they adjusted estimates modestly lower, with EPS to $12.44 from $12.66, but adding that there could be potential earnings upside from easing margin pressures. RBC cut its price target to $335 from $340 while retaining its outperform rating.

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Exxon’s Lithium Experiment Could Be Winner For Oil Company, State Of Arkansas

Exxon Mobil Corp (NYSE:XOM)’s recent earnings announcement closed up another successful year in which the company delivered $36 billion in earnings. Despite operating some of the most lucrative global oil projects, the company understands the inevitability of energy transition, deciding to launch a lithium operation in Arkansas. Through Mobil Lithium, Exxon plans to produce lithium for one million electric vehicles per year by 2030. This ambitious plan starts by choosing lithium filtration technology — including one of the unproven direct lithium extraction (DLE) technologies, which the company has been rigorously testing at a pilot plant in Houston. Patrick Howarth, head of Exxon’s lithium business, clarified the situation at the ongoing Arkansas Lithium Innovation Summit in Little Rock. “DLE is a small part of a really complicated process that has many different steps. We’re really focused on how do they interact with one another,” he said in front of over 600 energy sector executives, policymakers

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MICROCHIP TECHNOLOGY ANNOUNCES FINANCIAL RESULTS FOR THIRD QUARTER OF FISCAL YEAR 2024

MICROCHIP TECHNOLOGY ANNOUNCES FINANCIAL RESULTS FOR THIRD QUARTER OF FISCAL YEAR 2024 CHANDLER, Arizona – February 1, 2024 – (NASDAQ: MCHP) – Microchip Technology Incorporated, a leading provider of smart, connected, and secure embedded control solutions, today reported results for the three months ended December 31, 2023, as summarized in the table below. •Net sales of $1.766 billion, down 21.7% sequentially and down 18.6% from the year ago quarter. Our preliminary net sales results provided on January 8, 2024 was for net sales to be down 22% sequentially. •On a GAAP basis: gross profit of 63.4%; operating income of $529.4 million and 30.0% of net sales; net income of $419.2 million; and EPS of $0.77 per diluted share. Our guidance provided on November 2, 2023 was for GAAP EPS of $0.68 to $0.76 per diluted share. •On a Non-GAAP basis: gross profit of 63.8%; operating income of $728.1 million and 41.2% of net sales;

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Microchip’s Highlights for the Quarter Ended December 31, 2023

Microchip’s Highlights for the Quarter Ended December 31, 2023 •Introduced the industry’s most complete solution for 800G active electrical cables (AECs) used for generative AI networks. Our new META-DX2C 800G retimer is supported by a complete hardware and software reference design with key Microchip components.   •Released our latest TrustAnchor security IC to meet and exceed heightened automotive secure authentication requirements. Available as a CryptoAuthentication™ or CryptoAutomotive™ secure IC, the new TA101 device focuses on larger key sizes and enhanced cybersecurity requirements.   •Expanded and announced Microchip’s Detroit Automotive Technology Center as the destination for automotive clients. The 24,000-square-foot facility includes new high-voltage and E-Mobility labs, as well as technical training rooms for automotive clients to develop and optimize designs. •Showcased expanded RISC-V-based solutions, partnerships and system design tools at the 2023 RISC-V Summit including BeagleBoard hardware and system on module (SoM) products, as well as AI/ML solutions and an

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Microchip Technology (NASDAQ:MCHP) ‘s Q4 2024 Outlook

Microchip Technology (NASDAQ:MCHP) ‘s Fourth Quarter Fiscal Year 2024 Outlook: The following statements are based on current expectations. These statements are forward-looking, and actual results may differ materially. Microchip Consolidated Guidance Net Sales $1.225 to $1.425 billion   GAAP Non-GAAP Adjustments Non-GAAP(1) Gross Profit 58.5% to 61.1% $5.9 to $6.9 million 59.0% to 61.6 % Operating Expenses(2) 41.1% to 46.9 % $198.7 to $202.7 million 26.9% to 30.7% Operating Income 11.6% to 20.0% $204.6 to $209.6 million 28.3% to 34.7% Other Expense, net $55.3 to $57.7 million ($0.2) to $0.2 million $55.5 to $57.5 million Income Tax Provision $17.4 to $52.3 million(3) $8.9 to $23.4 million $40.8 to $61.2 million(4) Net Income $69.4 to $174.9 million $181.0 to $200.9 million $250.4 to $375.8 million Diluted Common Shares Outstanding Approximately 545.5 to 546.5 million shares Approximately 545.5 to 546.5 million shares Earnings per Diluted Share $0.13 to $0.32 $0.33 to $0.36

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Alphabet, Amazon Likely to Follow Meta by Introducing First-ever Dividends in 2024

Goldman Sachs is raising its forecast for how much S&P 500 companies will pay out in dividends this year There is good news for income-oriented investors – or anybody who owns any of the so-called Magnificent Seven tech stocks that have powered much of the S&P 500’s gains over the past year. Meta Platforms Inc. (META) likely won’t be the only megacap company to introduce a first-ever dividend in 2024, according to a team of analysts at Goldman Sachs Group (GS). Fellow Magnificent Seven members Alphabet Inc. (GOOGL) and Amazon.com Inc. (AMZN) are well positioned to introduce dividends of their own this year, according to an analysis from a team of Goldman Sachs equity analysts led by David Kostin. Investors’ interest in dividend-paying stocks has increased since Meta announced its first-ever quarterly dividend earlier this month, according to the Goldman team. The increased interest has prompted the team to raise

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Lowe’s (NYSE: LOW) Could Get New Lift Ahead of Expected Rate Cuts ,says JPMorgan analysts

Lowe’s  (NYSE: LOW) benefited significantly from the slashing of interest rates and subsequent boom in home buying early in the pandemic, and stands to see some tailwinds again if the Federal Reserve cuts currently high rates this year, JPMorgan analysts say in a research note. They upgrade the stock’s rating to overweight, saying that the market is pricing in 150 basis points in rate cuts by this time next year, suggesting mortgage rates fall to about 5.5% by January. The last time mortgage rates were at 5.5%, single family existing-home sales trended at about 4.3 million homes, which would represent a 20% growth rate from recent levels, the analysts say.

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S&P Global (NYSE:SPGI) Stock Analyst Ratings

S&P Global (NYSE:SPGI) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 02/12/2024 15.64% RBC Capital → $500 Reiterates Outperform → Outperform 02/09/2024 15.64% RBC Capital → $500 Reiterates Outperform → Outperform 01/09/2024 4.54% Raymond James $422 → $452 Maintains Outperform 10/05/2023 -6.79% Raymond James $421 → $403 Maintains Outperform 10/03/2023 -1.94% Morgan Stanley $450 → $424 Maintains Overweight 07/28/2023 4.31% Baird $460 → $451 Maintains Outperform 07/28/2023 2% Oppenheimer $425 → $441 Maintains Outperform 07/28/2023 8.7% Barclays $425 → $470 Maintains Overweight 07/13/2023 4.08% Wells Fargo $415 → $450 Maintains Overweight 07/12/2023 -2.63% Raymond James $413 → $421 Maintains Outperform 07/10/2023 -1.24% Morgan Stanley $400 → $427 Maintains Overweight 06/15/2023 7.55% B of A Securities → $465 Initiates Coverage On → Buy 06/14/2023 0.38% RBC Capital → $434 Reiterates Outperform → Outperform 05/09/2023 -4.02% Wells Fargo → $415 Initiates Coverage On →

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