Marathon Petroleum (NYSE:MPC) Stock Analyst Ratings

Marathon Petroleum (NYSE:MPC) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 02/05/2024 3% Barclays $163 → $168 Maintains Overweight 01/31/2024 13.43% Raymond James $175 → $185 Maintains Strong Buy 12/14/2023 3.62% Wells Fargo → $169 Upgrades Equal-Weight → Overweight 11/01/2023 7.3% Raymond James $171 → $175 Maintains Strong Buy 10/17/2023 -1.9% Morgan Stanley $150 → $160 Maintains Overweight 10/06/2023 1.78% Mizuho $178 → $166 Maintains Neutral 10/06/2023 4.84% Raymond James $177 → $171 Maintains Strong Buy 10/05/2023 -9.26% Piper Sandler $146 → $148 Maintains Neutral 09/20/2023 8.52% Raymond James $165 → $177 Maintains Strong Buy 09/18/2023 6.07% B of A Securities $162 → $173 Maintains Neutral 09/18/2023 9.14% Mizuho $161 → $178 Maintains Neutral 09/08/2023 -3.74% Wells Fargo $142 → $157 Maintains Equal-Weight 08/16/2023 — Mizuho Downgrades Buy → Neutral 08/15/2023 -0.67% B of A Securities $159 → $162 Downgrades Buy → […]

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Phillips 66 (NYSE:PSX) Stock Analyst Ratings

Phillips 66 (NYSE:PSX) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 02/05/2024 -4.14% Barclays $132 → $139 Maintains Equal-Weight 02/01/2024 12.41% Wells Fargo $151 → $163 Maintains Overweight 02/01/2024 6.9% Raymond James $140 → $155 Maintains Outperform 12/19/2023 -3.45% Raymond James $128 → $140 Maintains Outperform 12/04/2023 3.45% TD Cowen $134 → $150 Maintains Outperform 10/31/2023 0.69% Wolfe Research → $146 Upgrades Peer Perform → Outperform 10/06/2023 -20% Mizuho $131 → $116 Maintains Neutral 10/06/2023 -11.72% Raymond James $133 → $128 Maintains Outperform 10/05/2023 -7.59% Piper Sandler $138 → $134 Maintains Overweight 09/20/2023 -8.28% Raymond James $125 → $133 Maintains Outperform 09/18/2023 -1.38% B of A Securities $141 → $143 Maintains Neutral 09/18/2023 -9.66% Mizuho $127 → $131 Maintains Neutral 09/08/2023 -0.69% Wells Fargo $130 → $144 Maintains Overweight 09/01/2023 -2.76% Goldman Sachs $125 → $141 Maintains Buy 08/16/2023 -12.41% Mizuho $118

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Caterpillar Fourth-Quarter Earnings Top Street Views Buoyed by Energy, Transportation Business

Caterpillar (CAT) delivered higher fourth-quarter results on a yearly basis with earnings surpassing market expectations, aided by double-digit growth in its energy and transportation business. The heavy equipment manufacturer on Monday reported adjusted earnings of $5.23 a share for the December quarter, up from $3.86 the year before, and ahead of the Capital IQ-polled consensus of $4.75. Sales and revenue increased 3% to $17.07 billion, but were just shy of the Street’s view for $17.13 billion. Shares of the company jumped 4.6% in premarket trading. Caterpillar posted “record full-year sales and revenues, record adjusted profit per share and record (machinery, energy and transportation) free cash flow,” Chief Executive Jim Umpleby said in a statement. “We remain committed to serving our customers, executing our strategy and investing for long-term profitable growth.” Machinery, energy and transportation revenue grew 2% to $16.24 billion. Energy and transportation climbed 12% to $7.67 billion, mainly due

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CFRA Keeps Buy View On Shares Of Caterpillar Inc.

CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: Shares are trading higher pre-market following CAT’s Q4 print, with the company beating EPS expectations and providing upbeat guidance for 2024. We lift our price target to $360 from $345, valuing shares at 16.1x our 2025 EPS outlook (initiated at $22.35; 2024 EPS adjusted to $21.41 from $21.15), in line with CAT’s historical forward average. CAT posts Q4 operating EPS of $5.23 vs. $3.86 (+35% Y/Y), surpassing the consensus forecast of $4.75. As expected, Y/Y sales growth cooled into the single-digits (+3%), led by a 12% increase in Energy & Transportation sales. Improved profitability drove earnings expansion during Q4, with adj-operating margins widening to 18.9% (+190 bps) on favorable price realization, manufacturing costs, and absence of a goodwill impairment. CAT’s 2024 outlook implies stabilization of dealer inventories

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McDonald’s Exec Says Anticipate 2024 Comp Sales Growth Will Continue To Moderate As We Return To More Normalized Level Of Growth

McDonald’s Exec Says Anticipate 2024 Comp Sales Growth Will Continue To Moderate As We Return To More Normalized Level Of Growth; In IDL Segment, Do Not Expect To See Meaningful Improvement Until There Is Resolution In Middle East.

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McDonald’s Exec Says Expect 2024 Comp Sales Growth “Getting Back To More Of That Historical Norm Range Of 3% To 4% In Both The U.S. And IOM This Year”

McDonald’s Exec Says Expect 2024 Comp Sales Growth “Getting Back To More Of That Historical Norm Range Of 3% To 4% In Both The U.S. And IOM This Year”.

McDonald’s Exec Says Expect 2024 Comp Sales Growth “Getting Back To More Of That Historical Norm Range Of 3% To 4% In Both The U.S. And IOM This Year” Read Post »

Meta Platforms (NASDAQ:META) Stock Analyst Ratings

Meta Platforms (NASDAQ:META) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 02/05/2024 8.44% Goldman Sachs $414 → $500 Maintains Buy 02/02/2024 16.03% JP Morgan $420 → $535 Maintains Overweight 02/02/2024 13.86% Truist Securities $405 → $525 Maintains Buy 02/02/2024 14.3% Stifel $405 → $527 Maintains Buy 02/02/2024 14.95% UBS $425 → $530 Maintains Buy 02/02/2024 13.86% Oppenheimer $385 → $525 Maintains Outperform 02/02/2024 8.44% JMP Securities $410 → $500 Maintains Market Outperform 02/02/2024 22.54% RBC Capital $400 → $565 Maintains Outperform 02/02/2024 8.44% Roth MKM $365 → $500 Maintains Buy 02/02/2024 8.44% Goldman Sachs $414 → $500 Maintains Buy 02/02/2024 24.71% Keybanc $465 → $575 Maintains Overweight 02/02/2024 19.28% Raymond James $450 → $550 Maintains Strong Buy 02/02/2024 12.78% Wedbush $420 → $520 Maintains Outperform 02/02/2024 19.28% Susquehanna $400 → $550 Maintains Positive 02/02/2024 19.28% Barclays $400 → $550 Maintains Overweight 02/02/2024

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Verizon Invests in Customer Experience; Names First-ever Chief Experience Officer

Verizon invests in customer experience; names first-ever Chief Experience Officer Also taps former Walmart executive Dory Butler to lead work across consumer channels NEW YORK, Feb. 05, 2024 (GLOBE NEWSWIRE) — Verizon is investing more in customer experience with the creation of an organization dedicated solely to creating the best experiences for customers and employees. Under Verizon Consumer CEO Sowmyanarayan Sampath, Brian Higgins has been appointed as the company’s first-ever Chief Customer Experience Officer for the consumer group. Former Walmart executive Dory Butler will join Higgins as senior vice president of Customer Experience, where she will lead the development and delivery of high-quality sales and service experiences focusing on the end-to-end consumer journey. The Customer Experience Organization will invest heavily in transforming the way customers do business with Verizon, and how our employees serve them. Focus areas include AI and personalization, digital channel and systems functionality and delivering best-in-class experiences

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Caterpillar Dealers Cut Inventories As Supply-Chain Problems Ease

Caterpillar dealers cut their inventories by $900 million in 4Q, accounting for much of the sales decline in construction and mining equipment during the quarter. The decrease in inventories follows a $700 million increase in 3Q inventories. Caterpillar says it does not expect a “significant change” in dealer inventories in 2024. Dealers stocked more equipment in recent years because supply-chain problems created long lead times for filling orders. As the company’s factory output improves, dealers are finding they can get equipment faster and need to hold less equipment, CEO Jim Umpleby tells analysts.

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