Caterpillar (NYSE:CAT) Stock Analyst Ratings

Caterpillar (NYSE:CAT) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 02/06/2024 11.21% Goldman Sachs $274 → $357 Maintains Buy 01/08/2024 -15.89% Morgan Stanley → $270 Initiates Coverage On → Equal-Weight 12/21/2023 -23.68% Bernstein $216 → $245 Maintains Market Perform 12/19/2023 -8.72% Stifel $285 → $293 Maintains Buy 11/20/2023 -22.12% HSBC → $250 Initiates Coverage On → Hold 11/08/2023 -8.1% Tigress Financial $282 → $295 Maintains Buy 11/01/2023 -14.64% Goldman Sachs $315 → $274 Maintains Buy 10/16/2023 -0.31% JP Morgan $315 → $320 Maintains Overweight 08/02/2023 -6.54% Stifel $275 → $300 Maintains Buy 08/02/2023 -1.87% JP Morgan $275 → $315 Maintains Overweight 08/02/2023 -0.31% TD Cowen $287 → $320 Maintains Outperform 08/02/2023 -11.21% Wells Fargo $240 → $285 Maintains Equal-Weight 08/02/2023 0.62% B of A Securities $283 → $323 Maintains Buy 08/02/2023 4.05% Credit Suisse $279 → $334 Maintains Outperform 08/02/2023 -1.87% Goldman

Caterpillar (NYSE:CAT) Stock Analyst Ratings Read Post »

UBS Can Be the Next Morgan Stanley, but a Lot of Things Have to Go Right — Heard on the Street — WSJ

By Jon Sindreu Could UBS come to look — and be valued — like Morgan Stanley? Yes, but the aftermath of a megadeal isn’t the ideal time to get a celebrity makeover. The Swiss bank’s annual accounts, published Tuesday, show the challenges inherent in its deal last year to acquire Credit Suisse. UBS’s assets increased by 56% in 2023 compared with 2022, but its revenues were only 18% higher. A net loss of $279 million for the final quarter mostly reflected a $1.8 billion expense from the continuing integration of its unprofitable former rival. After an initial period of doubt, investors came to embrace the transaction. UBS shares have delivered a 36% total return since it closed in June, compared with roughly 5% for the Stoxx Europe 600 index. Now that the $29 billion one-off windfall from a discount deal price has already been recorded, though, overcoming skepticism might prove

UBS Can Be the Next Morgan Stanley, but a Lot of Things Have to Go Right — Heard on the Street — WSJ Read Post »

UBS Recruits $1.3 Billion Advisor Team From Merrill, Adding to Hiring Streak — Barrons.com

By Andrew Welsch UBS recruited a former Merrill Lynch team that managed approximately $1.3 billion in client assets, according to the Swiss bank. The Hart Group, a four-person advisor team, has joined UBS in Albany, N.Y. It includes advisors James Hart, Emily Hoag, Natalie Squillace, and Nolan Hart. The advisors specialize in serving athletes and entertainers, according to UBS. “Athletes and entertainers frequently face unique challenges such as sudden wealth and complicated family financial dynamics that require specialized advice and guidance,” said Wale Ogunleye, a former NFL player who now heads UBS’s Athletes & Entertainers Client Segment. “We are excited to have Jim and the Hart Group join UBS to expand our capabilities and help meet growing demand from this important client group.” James Hart has nearly 40 years of experience in the industry, according to BrokerCheck, a public database maintained by industry self-regulatory organization Finra. He began his career

UBS Recruits $1.3 Billion Advisor Team From Merrill, Adding to Hiring Streak — Barrons.com Read Post »

Tesla’s Stock Is Downgraded, More for Elon Musk’s Issues Than ‘Tough’ EV Demand

By Tomi Kilgore Daiwa’s Jairam Nathan is worried about how governance concerns will aggravate difficult financial conditions Shares of Tesla Inc. were downgraded Tuesday by a longtime bull, who expressed concerns about increased focus on governance issues surrounding the electric-vehicle giant’s Chief Executive Elon Musk that could make a “tough” EV-demand environment even worse. The stock (TSLA) bounced 1.3% in morning trading, after closing the previous session at a nine-month low. Daiwa Capital Markets analyst Jairam Nathan cut his rating to neutral, after being at outperform for the past two years. He lowered his price target on the stock by 20%, to $195 from $245. His concern is that corporate governance concerns have come back to the forefront when a court ruling voided CEO Musk’s $56 billion compensation package, due to the “non-independence” of Tesla’s board of directors. And a recent report in The Wall Street Journal that highlighted the

Tesla’s Stock Is Downgraded, More for Elon Musk’s Issues Than ‘Tough’ EV Demand Read Post »

Microchip Technology (NASDAQ:MCHP) Stock Analyst Ratings

Microchip Technology (NASDAQ:MCHP) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 02/05/2024 -8.47% Goldman Sachs $87 → $77 Maintains Neutral 02/02/2024 11.73% Stifel $96 → $94 Maintains Buy 02/02/2024 12.92% UBS $105 → $95 Maintains Buy 02/02/2024 -8.47% Goldman Sachs $87 → $77 Maintains Neutral 02/02/2024 18.86% Susquehanna $105 → $100 Maintains Positive 02/02/2024 6.98% Needham $85 → $90 Maintains Buy 01/30/2024 18.86% Rosenblatt → $100 Reiterates Buy → Buy 01/18/2024 24.81% Wolfe Research → $105 Upgrades Peer Perform → Outperform 01/09/2024 10.54% Truist Securities $97 → $93 Maintains Buy 01/09/2024 14.11% Stifel $100 → $96 Maintains Buy 01/04/2024 -4.91% Piper Sandler → $80 Downgrades Overweight → Neutral 11/08/2023 18.86% Citigroup → $100 Upgrades Neutral → Buy 11/03/2023 -4.91% Piper Sandler $100 → $80 Maintains Overweight 11/03/2023 6.98% Susquehanna $95 → $90 Maintains Positive 11/03/2023 6.98% Morgan Stanley $96 → $90 Maintains

Microchip Technology (NASDAQ:MCHP) Stock Analyst Ratings Read Post »

Eli Lilly Company (NYSE: LLY) Stock Analyst Ratings

Eli Lilly Company (NYSE: LLY) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 02/05/2024 -10.95% Cantor Fitzgerald → $630 Reiterates Overweight → Overweight 02/01/2024 -10.95% Cantor Fitzgerald → $630 Reiterates Overweight → Overweight 01/24/2024 -1.05% Wells Fargo $650 → $700 Maintains Overweight 01/23/2024 -10.95% Cantor Fitzgerald → $630 Reiterates Overweight → Overweight 01/23/2024 -3.88% Barclays $630 → $680 Maintains Overweight 12/21/2023 -13.77% Daiwa Capital → $610 Downgrades Buy → Outperform 11/29/2023 -8.12% Truist Securities → $650 Reiterates Buy → Buy 11/20/2023 -10.95% Cantor Fitzgerald → $630 Reiterates Overweight → Overweight 11/17/2023 -10.95% Cantor Fitzgerald → $630 Reiterates Overweight → Overweight 11/15/2023 -10.95% Cantor Fitzgerald → $630 Reiterates Overweight → Overweight 11/09/2023 -24.37% Deutsche Bank → $535 Initiates Coverage On → Hold 11/08/2023 — JP Morgan Reiterates → Overweight 11/03/2023 2.06% Morgan Stanley $673 → $722 Maintains Overweight 10/23/2023 -4.58% Citigroup $525 →

Eli Lilly Company (NYSE: LLY) Stock Analyst Ratings Read Post »

Apple’s Vision Pro Could Launch Numerous Apps That Spur Usage

Apple’s Vision Pro spatial computing device is extremely unique, say analysts at BofA Securities in a research note, and they expect developers to unleash numerous apps over time to drive increased use. They note that Apple has said more than 600 apps are designed to offer spatial experiences when used with the Vision Pro. “In our opinion, apps that leverage the immersive nature of Vision Pro and offer a differentiated experience will be among the most popular ones,” say the analysts, citing examples ranging from front row views of sports, immersive video conferencing and personalized workouts with an interactive trainer in a virtual environment. The analysts say that so far Netflix, YouTube, and Spotify have stated they currently do not have any plans to develop a dedicated app for the Vision Pro.

Apple’s Vision Pro Could Launch Numerous Apps That Spur Usage Read Post »

Qualys Share Price Seen Slipping as Microsoft Partnership Concludes in May, Morgan Stanley Says

Microsoft’s (MSFT) decision to end its original equipment manufacturing partnership with Qualys (QLYS) on May 1 poses potential “material” topline risks for the cloud protection and cybersecurity company, Morgan Stanley said in a research note. The Morgan Stanley analysts estimated that Microsoft likely accounts for 5% to 10% of Qualys’ yearly revenue, which totaled $489.7 million in 2022, the last year for which full results are available. “We see topline pressures increasingly probable going forward,” the analysts said, adding Qualys’ share price does not adequately reflect those risks. Morgan Stanley reiterated its underweight stock rating and $150 price target for Qualys, saying the company will need to boost sales and marketing spending during 2024, which will weigh on its earnings before interest, taxes, depreciation and amortization margin this year. The share price also could see a more than 20% decline from current levels, they said. Qualys shares were down by

Qualys Share Price Seen Slipping as Microsoft Partnership Concludes in May, Morgan Stanley Says Read Post »

Airbnb (NASDAQ:ABNB) Stock Analyst Ratings

Airbnb (NASDAQ:ABNB) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 02/05/2024 2.46% UBS $125 → $148 Maintains Neutral 01/30/2024 3.85% Wedbush $135 → $150 Maintains Neutral 01/29/2024 -23.84% Barclays $100 → $110 Maintains Underweight 01/22/2024 3.85% Needham → $150 Reiterates Buy → Buy 01/17/2024 3.85% Mizuho $130 → $150 Maintains Neutral 01/09/2024 -7.23% BMO Capital → $134 Initiates Coverage On → Market Perform 12/12/2023 -30.77% Barclays $135 → $100 Downgrades Equal-Weight → Underweight 12/08/2023 — DBS Bank Downgrades Buy → Hold 11/29/2023 -3.07% Jefferies $155 → $140 Downgrades Buy → Hold 11/17/2023 -5.84% Evercore ISI Group → $136 Downgrades Outperform → In-Line 11/03/2023 10.77% Susquehanna $165 → $160 Maintains Positive 11/02/2023 -18.31% JP Morgan $130 → $118 Maintains Neutral 11/02/2023 -14.84% Piper Sandler $142 → $123 Maintains Neutral 11/02/2023 -27.31% Morgan Stanley $110 → $105 Maintains Underweight 11/02/2023 -6.54% Wedbush $145 →

Airbnb (NASDAQ:ABNB) Stock Analyst Ratings Read Post »

Charter Communications Faces Subscriber Pressure From Rivals, Fading Subsidies

Charter Communications is facing heightened competition from Verizon and T-Mobile’s wireless home internet products, and the cable company could soon lose even more subscribers when a key government program runs out of funding in April, JPMorgan analysts say in a research note. Charter’s 4Q results revealed a surprisingly steep loss of broadband subscribers, the analysts note. They add that the end of the Affordable Connectivity Program, which gave $30 a month to eligible customers to put toward their internet bills, could hurt Charter more than its peers. They cut their rating on the stock to neutral. Shares fall 3.1%.

Charter Communications Faces Subscriber Pressure From Rivals, Fading Subsidies Read Post »

Scroll to Top