Coca-Cola (NYSE:KO) Likely Best Positioned Among Peers Headed Into 2024, Wedbush Says

/ / Consumer Staples /

Coca-Cola’s (KO) latest financial results and “strong” guidance suggest that it continues to be best placed among the large soda makers headed into 2024, Wedbush Securities said Wednesday. The soft drinks company delivered its third straight year of above-algorithm top-line and earnings growth, Wedbush analysts Gerald Pascarelli and Antoine Legault said in a note. The company’s 2024 outlook was “strong,” indicating another year of earnings and sales growth meeting or surpassing the high-end of long-term targets, the analysts said. Wedbush increased its price target on the Coca-Cola stock to $68 from $66 while reiterating its outperform rating.

Coca-Cola (NYSE:KO) Likely Best Positioned Among Peers Headed Into 2024, Wedbush Says Read Post »

CFRA Keeps Hold Opinion On Shares Of The Home Depot, Inc. (NYSE: HD)

/ / Consumer Discretionary /

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 price to $327 from $311, 21x our FY 24 EPS (Jan.) of $15.56, cut from $15.94. Our multiple is a premium to the 10-year forward P/E average of 20.6x, warranted by being closer to the start of rate cuts, but offset by the 2024 remodeling contractions projected by the Leading Indicator of Remodeling Activity. We anticipate FY 24 guidance will land below The Home Depot, Inc. (NYSE: HD) ‘s market stability model across all metrics. Looking at history as a guide, we view the shares as trading at a high premium compared to the previous rate hike cycle peak in 2018-2019. We also do not believe the premium is justified by HD’s total addressable market expansion announced at the last investor and

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Airbnb (NASDAQ:ABNB) Q1 Estimates for Gross Bookings, Revenue Raised Following ‘Strong’ Q4 Results, Wedbush Says

/ / Consumer Discretionary /

Airbnb’s (ABNB) Q4 was “strong” as gross bookings exceeded consensus by more than 2%, Wedbush Securities said in a note Wednesday. Following the results, the firm increased its Q1 gross booking value estimate to $22.56 billion from $22.10 billion, taking into account “slightly slower nights growth” and higher average daily rate growth. Wedbush raised its Q1 net revenue forecast to $2.05 billion from $1.97 billion, considering the increased bookings estimate and timing differences in the period. “Airbnb’s underlying growth opportunity remains attractive,” the firm said. Wedbush maintained the neutral rating on Airbnb stock and raised the price target to $160 from $150.

Airbnb (NASDAQ:ABNB) Q1 Estimates for Gross Bookings, Revenue Raised Following ‘Strong’ Q4 Results, Wedbush Says Read Post »

Coca-Cola Company (NYSE:KO) Stock Analyst Ratings

/ / Consumer Staples /

Coca-Cola Company (NYSE:KO) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 02/14/2024 11.63% JP Morgan $64 → $66 Maintains Overweight 01/16/2024 11.63% Barclays $60 → $66 Maintains Overweight 11/13/2023 8.25% Jefferies → $64 Initiates Coverage On → Hold 10/25/2023 4.86% JP Morgan $59 → $62 Maintains Overweight 10/25/2023 9.94% Morgan Stanley $70 → $65 Maintains Overweight 10/17/2023 1.48% B of A Securities $74 → $60 Maintains Buy 10/16/2023 -0.21% JP Morgan $71 → $59 Maintains Overweight 10/12/2023 -0.21% Barclays $70 → $59 Maintains Overweight 10/11/2023 9.94% Citigroup $74 → $65 Maintains Buy 07/28/2023 18.39% Barclays $69 → $70 Maintains Overweight 07/27/2023 18.39% Morgan Stanley $70 → $70 Reiterates Overweight → Overweight 07/27/2023 18.39% RBC Capital $69 → $70 Maintains Outperform 07/27/2023 20.08% JP Morgan $67 → $71 Maintains Overweight 07/27/2023 20.08% Wedbush $70 → $71 Maintains Outperform 07/20/2023 16.7% Barclays $73 →

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Home Depot (NYSE: HD) Stock Analyst Ratings

/ / Consumer Discretionary /

Home Depot (NYSE: HD) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 02/14/2024 3.22% Baird $370 → $370 Downgrades Average → Outperform 02/13/2024 11.59% Wells Fargo $385 → $400 Maintains Overweight 02/13/2024 9.63% Goldman Sachs $347 → $393 Maintains Buy 01/22/2024 — Oppenheimer Downgrades Outperform → Perform 01/16/2024 11.59% Piper Sandler $311 → $400 Upgrades Neutral → Overweight 01/10/2024 6.01% Wedbush $330 → $380 Upgrades Neutral → Outperform 01/04/2024 3.78% Barclays $325 → $372 Upgrades Equal-Weight → Overweight 12/21/2023 7.96% Truist Securities $356 → $387 Maintains Buy 12/20/2023 -0.97% Stifel $306 → $355 Maintains Hold 12/08/2023 -0.69% Truist Securities $340 → $356 Maintains Buy 11/15/2023 -5.15% Guggenheim $360 → $340 Maintains Buy 11/15/2023 -16.59% RBC Capital $303 → $299 Maintains Sector Perform 11/15/2023 0.43% Oppenheimer → $360 Reiterates Outperform → Outperform 11/15/2023 -5.15% Truist Securities $341 → $340 Maintains Buy 11/15/2023 -6.55%

Home Depot (NYSE: HD) Stock Analyst Ratings Read Post »

Lowe’s Companies, Inc. (NYSE: LOW) Stock Analyst Ratings

/ / Consumer Discretionary /

Lowe’s Companies, Inc. (NYSE: LOW) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 02/14/2024 10.48% Baird $250 → $250 Upgrades Average → Outperform 02/13/2024 10.48% Wells Fargo $235 → $250 Maintains Overweight 02/13/2024 15.78% Goldman Sachs $238 → $262 Maintains Buy 02/12/2024 17.11% JP Morgan $210 → $265 Upgrades Neutral → Overweight 01/16/2024 8.27% Piper Sandler $218 → $245 Maintains Overweight 01/04/2024 1.2% Barclays $203 → $229 Maintains Equal-Weight 12/21/2023 11.36% Truist Securities $225 → $252 Maintains Buy 12/20/2023 6.06% Stifel $235 → $240 Downgrades Buy → Hold 11/27/2023 -16.04% RBC Capital $194 → $190 Maintains Sector Perform 11/22/2023 -7.2% Evercore ISI Group $205 → $210 Maintains In-Line 11/22/2023 -3.66% Piper Sandler $240 → $218 Maintains Overweight 11/22/2023 6.06% UBS $265 → $240 Maintains Buy 11/22/2023 -4.99% Telsey Advisory Group $225 → $215 Maintains Market Perform 11/22/2023 -4.99% Wedbush $230 → $215

Lowe’s Companies, Inc. (NYSE: LOW) Stock Analyst Ratings Read Post »

Accenture (NYSE:ACN) Stock Analyst Ratings

/ / Industrials /

Accenture (NYSE:ACN) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 02/14/2024 -1.16% Baird $344 → $364 Maintains Neutral 01/30/2024 15.67% Mizuho → $426 Initiates Coverage On → Buy 01/25/2024 8.61% UBS $365 → $400 Maintains Neutral 01/24/2024 8.61% Morgan Stanley $369 → $400 Maintains Overweight 12/20/2023 4.54% BMO Capital $350 → $385 Maintains Market Perform 12/20/2023 -0.89% UBS $333 → $365 Maintains Neutral 12/14/2023 -2.25% Wedbush $330 → $360 Maintains Outperform 11/16/2023 11.33% Redburn Atlantic → $410 Initiates Coverage On → Buy 11/07/2023 -9.58% UBS → $333 Initiates Coverage On → Neutral 09/29/2023 -7.68% RBC Capital → $340 Reiterates Outperform → Outperform 09/29/2023 -4.96% BMO Capital $360 → $350 Maintains Market Perform 09/29/2023 -18.54% TD Cowen $312 → $300 Maintains Market Perform 09/29/2023 -12.57% Baird $332 → $322 Maintains Neutral 09/29/2023 -18.54% Piper Sandler $312 → $300 Maintains Neutral 09/27/2023 -2.25% BMO

Accenture (NYSE:ACN) Stock Analyst Ratings Read Post »

ASML Holding (NASDAQ: ASML) Stock Analyst Ratings

/ / Technology /

ASML Holding (NASDAQ: ASML) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 02/14/2024 14.21% Wells Fargo $950 → $1050 Maintains Overweight 01/26/2024 19.65% Susquehanna $830 → $1100 Maintains Positive 01/25/2024 8.77% Raymond James $850 → $1000 Maintains Strong Buy 01/19/2024 -7.55% Raymond James $725 → $850 Maintains Strong Buy 11/30/2023 -4.5% JP Morgan $726 → $878 Maintains Overweight 10/19/2023 -21.03% JP Morgan $732 → $726 Maintains Overweight 10/12/2023 -11.9% Susquehanna $850 → $810 Maintains Positive 10/11/2023 -20.38% JP Morgan $772 → $732 Maintains Overweight 07/28/2023 — Bernstein Downgrades Outperform → Market Perform 07/20/2023 -12.99% Wells Fargo $775 → $800 Maintains Overweight 06/16/2023 — New Street Research Downgrades Buy → Neutral 01/26/2023 -15.7% Argus Research $590 → $775 Maintains Buy 01/26/2023 -18.21% JP Morgan $710 → $752 Maintains Overweight 11/14/2022 — Susquehanna Upgrades Neutral → Positive 11/14/2022 -27.67% Wells Fargo $510 → $665

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ConocoPhillips (NYSE:COP) Stock Analyst Ratings

/ / Energy /

ConocoPhillips (NYSE:COP) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 02/14/2024 29.5% UBS $138 → $143 Maintains Buy 02/09/2024 8.67% Scotiabank $115 → $120 Maintains Sector Perform 01/26/2024 20.45% Susquehanna $152 → $133 Maintains Positive 01/24/2024 24.07% Raymond James $140 → $137 Maintains Strong Buy 01/03/2024 19.54% Mizuho $139 → $132 Maintains Neutral 12/29/2023 26.79% Raymond James $146 → $140 Maintains Strong Buy 12/14/2023 24.98% UBS $149 → $138 Maintains Buy 12/08/2023 27.69% JP Morgan $153 → $141 Maintains Neutral 11/14/2023 22.26% RBC Capital $130 → $135 Maintains Outperform 10/18/2023 37.65% Susquehanna $153 → $152 Maintains Positive 10/04/2023 34.94% UBS $147 → $149 Maintains Buy 10/02/2023 29.5% Jefferies $141 → $143 Maintains Buy 10/02/2023 13.2% Morgan Stanley $124 → $125 Maintains Overweight 09/18/2023 44.9% Truist Securities $151 → $160 Maintains Buy 09/18/2023 25.88% Mizuho $135 → $139 Maintains Neutral 09/08/2023 — Erste

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Cisco Systems (NASDAQ:CSCO) Posts Q2 EPS of $0.87 on Revenue of $12.8 Billion, Vs CIQ Analyst Consensus of $0.84/Share on Revenue of $12.7 Billion

/ / Telecommunications /

Cisco Systems (NASDAQ:CSCO) Posts Q2 EPS of $0.87 on Revenue of $12.8 Billion, Vs CIQ Analyst Consensus of $0.84/Share on Revenue of $12.7 Billion。

Cisco Systems (NASDAQ:CSCO) Posts Q2 EPS of $0.87 on Revenue of $12.8 Billion, Vs CIQ Analyst Consensus of $0.84/Share on Revenue of $12.7 Billion Read Post »

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