JPMorgan analyst Andrea Teixeira maintains Estee Lauder Cos (NYSE:EL) with a Overweight and raises the price target from $150 to $167.
JPMorgan raises Estee Lauder Cos (NYSE:EL) price target from $150 to $167 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 lower our target by $29 to $383, 36x our ’24 EPS estimate, near peers and Gartner, Inc. (NYSE:IT) ‘s five-year average (~36x). We lower our ’24 EPS view by $0.82 to $10.63 and initiate our ’25 EPS view at $12.92. IT posted sales of $1.59B (+5% Y/Y) and EPS of $3.04 (-18%), both above consensus. Sales are benefiting from the return of in-person Conferences as Covid fears ease, while the outlook for Research (83% of Q4 sales) is mixed as double-digit growth in new business continues to be offset by renewal headwinds from smaller tech vendors. We expect this to weigh on wallet retention rates entering ’24, which continued their decline in Q4 in both Global Technology Sales (101.4%, -20 bps Q/Q, -370 bps Y/Y) and
CFRA Lowers Recommendation On Shares Of Gartner, Inc. (NYSE:IT) To Sell From Hold Read Post »
UPS is expected to deliver expanded margins with cost-cuts ahead, according to UBS analysts. They say in a research note that the recently announced 12,000 job reduction is a significant step in reducing costs, but they expect even more at the company’s March analyst meeting. UPS is seen with low expectation among investors, but the analysts see further cost-cuts, such as potentially using technology to lower headcount, driving margin upside in 2024. They upgrade shares to buy from neutral and raise their price target to $175 a share from $160. Shares rise 4.3% to $145.12.
UPS Gets A New Bull With Further Cost-Cuts Ahead Read Post »
Eli Lilly and Co (NYSE:LLY) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 02/06/2024 16.42% Cantor Fitzgerald $630 → $815 Maintains Overweight 02/05/2024 -10.01% Cantor Fitzgerald → $630 Reiterates Overweight → Overweight 02/01/2024 -10.01% Cantor Fitzgerald → $630 Reiterates Overweight → Overweight 01/24/2024 -0.01% Wells Fargo $650 → $700 Maintains Overweight 01/23/2024 -10.01% Cantor Fitzgerald → $630 Reiterates Overweight → Overweight 01/23/2024 -2.86% Barclays $630 → $680 Maintains Overweight 12/21/2023 -12.86% Daiwa Capital → $610 Downgrades Buy → Outperform 11/29/2023 -7.15% Truist Securities → $650 Reiterates Buy → Buy 11/20/2023 -10.01% Cantor Fitzgerald → $630 Reiterates Overweight → Overweight 11/17/2023 -10.01% Cantor Fitzgerald → $630 Reiterates Overweight → Overweight 11/15/2023 -10.01% Cantor Fitzgerald → $630 Reiterates Overweight → Overweight 11/09/2023 -23.58% Deutsche Bank → $535 Initiates Coverage On → Hold 11/08/2023 — JP Morgan Reiterates → Overweight 11/03/2023 3.13% Morgan Stanley $673
Eli Lilly and Co (NYSE:LLY) Stock Analyst Ratings Read Post »
Boeing Says It Is Implementing Plans To Improve Overall Quality And Stability Across The 737 Production System。
United Parcel Service’s (UPS) cost reduction program is expected help its margin expansion and earnings growth despite muted revenue increase, UBS said in a report Tuesday. The firm said cost reduction through automation in buildings and rationalization of facilities can potentially support over $2 billion of annual cost savings for UPS over the coming years. UBS projects that UPS’ new cost saving programs can provide improved visibility to margin expansion in the domestic package business. “Domestic package margin is the most powerful lever for EPS generation for UPS,” the investment firm said. “Cost savings associated with a more efficient terminal network could come from lower facility and labor expense and also from savings in linehaul costs.” UBS upgraded UPS to buy from neutral and increased price target to $175 from $160. The company’s shares were up 4% in recent trading.
Caterpillar (CAT) is likely to face pricing uncertainty in the second half and if markets remain slow competition increases, there’s a possibility of “downside to revenues and margins,” UBS said in a note emailed Tuesday. Following a strong performance in 2023, the company’s projected guidance suggests no growth in segment profit in 2024. “Between volumes and margins, we think the bigger risk is margins, where the main risk is pricing,” the note said. While volume decline is already expected by the company in 2024, significant downside is not expected unless substantial inventory reduction is necessary. Although the oil and gas business is strong, there could arguably be room for improvements in mining business beyond 2024, UBS said. “We’re not convinced, and we see downside risk for [Caterpillar] after the run to start 2024,” UBS said. UBS raised its 2024 EPS estimate for the company to $20.40 from $20.15 and 2025
Caterpillar Likely to Face Pricing Uncertainty in H2, UBS Says Read Post »
Estee Lauder’s expanded recovery plan could be the start of a new beginning for the cosmetics company, Wells Fargo analysts say in a research note. “Estee Lauder isn’t perfect, but with the potential for a sales inflection in the 2H, into margin recovery FY25/26, it may not be long before it sees prospects for upside to EPS,” say the analysts, which could bring the stock back above $200. But Wells Fargo warns, if Estee Lauder doesn’t see a recovery in Asia Travel Retail/China, and trends worsen outside of these geographies, earnings could stagnate. Wells Fargo raises its target price to $175 from $155 previously. Shares drop 2.9% to $145.97.
Estee Lauder Potential Sales Inflection Could Help It Rise Above $200 Read Post »
Chipotle Mexican Grill (NYSE:CMG) ANNOUNCES FOURTH QUARTER AND FULL YEAR 2023 RESULTS PR Newswire NEWPORT BEACH, Calif., Feb. 6, 2024 FY23 EPS INCREASES OVER 38% AND COMPARABLE SALES INCREASE 7.9% AS MARGINS EXPAND NEWPORT BEACH, Calif., Feb. 6, 2024 /PRNewswire/ — Chipotle Mexican Grill, Inc. (NYSE: CMG) today reported financial results for its fourth quarter and fiscal year ended December 31, 2023. Fourth quarter highlights, year over year: — Total revenue increased 15.4% to $2.5 billion — Comparable restaurant sales increased 8.4% — Operating margin was 14.4%, an increase from 13.6% — Restaurant level operating margin was 25.4%1, an increase of 140 basis points — Diluted earnings per share was $10.21, a 27.3% increase from $8.02. Adjusted diluted earnings per share, which excluded a $0.15 after-tax impact from expenses related to accelerated depreciation, partially offset by a reduction in contingencies related to certain legal proceedings, was $10.361, a 25.0% increase
Chipotle Mexican Grill (NYSE:CMG) ANNOUNCES FOURTH QUARTER AND FULL YEAR 2023 RESULTS Read Post »
Chipotle Mexican Grill (NYSE:CMG) Posts Q4 Revenue $2.52B, vs. Street Est of $2.489B。
Chipotle Mexican Grill (NYSE:CMG) Posts Q4 Revenue $2.52B, vs. Street Est of $2.489B Read Post »
Chipotle Mexican Grill (NYSE:CMG) Sees 285 to 315 New Restaurant Openings in FY24。
Chipotle Mexican Grill (NYSE:CMG) Sees 285 to 315 New Restaurant Openings in FY24 Read Post »
Chipotle Mexican Grill (NYSE:CMG) reported quarterly earnings of $10.36 per share which beat the analyst consensus estimate of $9.75 by 6.26 percent. The company reported quarterly sales of $2.52 billion which beat the analyst consensus estimate of $2.49 billion by 1.11 percent. This is a 15.36 percent increase over sales of $2.18 billion the same period last year.