Franklin Resources (NYSE:BEN) Stock Analyst Ratings

/ / Financials /

Franklin Resources (NYSE:BEN) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/30/2024 10.93% BMO Capital $27 → $30 Maintains Market Perform 01/19/2024 -11.26% Morgan Stanley $22 → $24 Maintains Underweight 01/10/2024 10.93% UBS $26 → $30 Maintains Neutral 01/08/2024 10.93% Wells Fargo $24 → $30 Upgrades Underweight → Equal-Weight 01/04/2024 18.32% TD Cowen → $32 Initiates Coverage On → Market Perform 11/02/2023 -18.65% Morgan Stanley $23 → $22 Maintains Underweight 10/11/2023 -11.26% Deutsche Bank $26 → $24 Maintains Hold 10/06/2023 -14.96% Morgan Stanley $24 → $23 Maintains Underweight 08/08/2023 -11.26% Morgan Stanley $23 → $24 Maintains Underweight 08/01/2023 -9.41% Goldman Sachs $21.5 → $24.5 Maintains Sell 07/31/2023 -9.41% Goldman Sachs $21.5 → $24.5 Maintains Sell 07/31/2023 -0.17% BMO Capital $24 → $27 Maintains Market Perform 07/25/2023 -14.96% Morgan Stanley $23 → $23 Reiterates Underweight → Underweight 07/13/2023 -3.86% Wells Fargo $25.5 → […]

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General Motors(GM.US) Q4 2023 Earnings Conference

/ / Consumer Discretionary /

The following is a summary of the General Motors Company (GM) Q4 2023 Earnings Call Transcript: Financial Performance: GM displayed strong financial performance in 2023, with a full year EBIT-adjusted of $12.4 billion and adjusted auto-free cash flow of $11.7 billion. A robust share repurchase program was launched leading to present share count standing at less than 1.2 billion. Revenue recorded a year-on-year growth of 10%, hitting a record $172 billion, while EPS diluted adjustments stood at $7.68. Q4 revenue remained consistent year-over-year at $43 billion with $1.8 billion in EBIT adjusted, and $1.24 in EPS diluted adjusted. For 2024, GM projects an EBIT-adjusted in the $12 billion to $14 billion range and an EPS diluted adjusted in the $8.50 to $9.50 range. Business Progress: GM recorded record sales in the US in 2023 with Chevrolet Bolt EV and EUV leading sales. By implementing a shift towards electric vehicles, GM

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Netflix Rally Pushes Bullish Analyst to the Sidelines

/ / Consumer Discretionary /

The run-up of Netflix’s share price in recent months has Seaport Research Partners analyst David Joyce downgrading the stock to neutral from buy. In a research note, the analyst questions where else the stock price has to go after rapidly increasing to his $576 price target. “Whether Netflix is priced for perfection or not, we wonder who is the incremental buyer, and what are they playing for?” Joyce says. The big opportunity presented by Netflix’s new ad-supported subscription tier seems already baked into the stock price and has lifted valuation parameters far above normal ranges, the analyst says. Shares slip 1.9% to $564.81.

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Airbnb (NASDAQ:ABNB) Stock Analyst Ratings

/ / Consumer Discretionary /

Airbnb (NASDAQ:ABNB) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/30/2024 -0.1% Wedbush $135 → $150 Maintains Neutral 01/29/2024 -26.74% Barclays $100 → $110 Maintains Underweight 01/22/2024 -0.1% Needham → $150 Reiterates Buy → Buy 01/17/2024 -0.1% Mizuho $130 → $150 Maintains Neutral 01/09/2024 -10.76% BMO Capital → $134 Initiates Coverage On → Market Perform 12/12/2023 -33.4% Barclays $135 → $100 Downgrades Equal-Weight → Underweight 12/08/2023 — DBS Bank Downgrades Buy → Hold 11/29/2023 -6.76% Jefferies $155 → $140 Downgrades Buy → Hold 11/17/2023 -9.42% Evercore ISI Group → $136 Downgrades Outperform → In-Line 11/03/2023 6.56% Susquehanna $165 → $160 Maintains Positive 11/02/2023 -21.41% JP Morgan $130 → $118 Maintains Neutral 11/02/2023 -18.08% Piper Sandler $142 → $123 Maintains Neutral 11/02/2023 -30.07% Morgan Stanley $110 → $105 Maintains Underweight 11/02/2023 -10.09% Wedbush $145 → $135 Maintains Neutral 11/02/2023 -0.1% Needham $160 →

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CFRA Keeps Hold Opinion On Shares Of UPS

/ / Industrials /

CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: Our 12-month target price of $154, raised by $4, reflects a 14.5x multiple on our 2025 EPS estimate, a discount to UPS’s historical forward average, which we see merited by risk of extended headwinds on volume growth. We cut our 2024 EPS estimate by $1.09 to $9.32 and start 2025’s at $10.60. Q4 EPS of $2.47 vs. $3.62, beat the consensus view by $0.01. UPS is cutting 12,000 jobs (about 2% of the workforce) as volumes remain sluggish, a carry-over of Q3 weakness. Average daily volume was down 7.5% in Q4, consistent with the September exit rate (down 7.4%). However, December volumes were only down mid-single digits, which suggests stronger potential for better comps to arrive at some point in 2024, probably in the second half of

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Nucor Says It Considered Buying Parts of US Steel

/ / Basic Materials /

Nucor acknowledges it was interested in acquiring some of United States Steel’s assets, but dropped out of the bidding near the end over concerns about the price. “Nucor took a hard look at some of the assets within the U.S. Steel portfolio,” CEO Leon Topalian says during a conference call. “But at the end of the day, we’re not going to overpay for any assets.” A deal proxy filed by U.S. Steel last week describes an unidentified company that analysts widely believe was Nucor as being interested in U.S. Steel’s Big River mill in Arkansas; its iron ore operation in Minnesota; and a steel rolling mill in California. Nucor up 5.2% at $185.77.

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McDonald’s Remains Poised for Market-Share Gains Even Amid Sales Concerns, UBS Says

/ / Consumer Discretionary /

McDonald’s (MCD) remains poised for market-share gains in key international markets even amid investor concern over slowing same-store sales, UBS Securities said Tuesday in a report. UBS estimates 4% Q4 same-store sales growth in the US and said investor signals indicate expectations of “in line to modestly below” the 4.5% consensus view. The investment firm said negative investor sentiment emerged on the company’s 2024 operating margin guidance and elevated valuation compared with certain peers. McDonald’s is set to release its Q4 results on Feb. 5. UBS said investor focus will be on sales trends and customer spending patterns, the company’s international development licensed markets segment and additional commentary on its 2024 operating margin guidance of mid to high 40s%. While the company is expected to face “difficult comparisons and less pricing” in 2024, UBS said McDonald’s is still poised for long-term gains beyond 2024 given its sales leverage and cost

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United Parcel Service(UPS.US) Q4 2023 Earnings Conference

/ / Industrials /

The following is a summary of the United Parcel Service, Inc. (UPS) Q4 2023 Earnings Call Transcript: Financial Performance: UPS reported Q4 2023 revenue of $24.9 billion, a 7.8% decrease from the previous year and an operating profit of $2.8 billion, down by 27.1%. The company saw a 9.3% decrease in consolidated revenue for 2023 at $91 billion. Operating profit for the year totaled $9.9 billion, 28.7% lower than last year. Despite the fall in revenue, UPS generated $5.3 billion in free cash flow in 2023, returned $7.6 billion to shareholders through dividends and share repurchases. UPS expects 2024 consolidated revenue to range from $92 billion to $94.5 billion, and a consolidated operating margin between 10% to 10.6%. UPS Board approved a quarterly dividend increase, from $1.62 per share to $1.63 per share. It anticipates 1-2% fall in revenue growth in the first half of 2024 but expects an increase

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JPMorgan Chase & Co. (NYSE: JPM) Stock Analyst Ratings

/ / Financials /

JPMorgan Chase & Co. (NYSE: JPM) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/30/2024 35.27% Oppenheimer $232 → $238 Maintains Outperform 01/30/2024 25.61% Morgan Stanley $191 → $221 Maintains Overweight 01/16/2024 31.86% Oppenheimer $234 → $232 Maintains Outperform 01/16/2024 13.68% Piper Sandler $190 → $200 Maintains Overweight 01/16/2024 10.26% BMO Capital $192 → $194 Maintains Market Perform 01/09/2024 7.99% Deutsche Bank $140 → $190 Upgrades Hold → Buy 01/04/2024 6.85% B of A Securities $177 → $188 Maintains Buy 01/02/2024 20.5% Barclays $186 → $212 Maintains Overweight 12/18/2023 — Daiwa Capital Upgrades Outperform → Buy 11/16/2023 38.12% Oppenheimer $233 → $243 Maintains Outperform 10/16/2023 -3.38% Piper Sandler $168 → $170 Maintains Overweight 10/16/2023 -2.81% BMO Capital $167 → $171 Maintains Market Perform 10/16/2023 32.43% Oppenheimer $215 → $233 Maintains Outperform 10/16/2023 8.56% Morgan Stanley $187 → $191 Maintains Overweight 10/03/2023 6.29%

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Morgan Stanley (NYSE:MS) Stock Analyst Ratings

/ / Financials /

Morgan Stanley (NYSE:MS) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/30/2024 24.7% Oppenheimer $106 → $109 Maintains Outperform 01/17/2024 21.27% Oppenheimer $107 → $106 Maintains Outperform 01/17/2024 22.41% BMO Capital $106 → $107 Maintains Outperform 01/17/2024 4.11% Keefe, Bruyette & Woods $102 → $91 Downgrades Outperform → Market Perform 01/17/2024 -0.47% JP Morgan $94 → $87 Downgrades Overweight → Neutral 01/09/2024 8.68% UBS $80 → $95 Maintains Neutral 01/09/2024 7.54% JP Morgan $92 → $94 Maintains Overweight 01/09/2024 9.83% HSBC → $96 Downgrades Buy → Hold 01/04/2024 14.4% B of A Securities $95 → $100 Maintains Buy 01/02/2024 32.71% Barclays $102 → $116 Maintains Overweight 12/21/2023 -2.76% RBC Capital → $85 Reiterates Sector Perform → Sector Perform 12/19/2023 14.4% Goldman Sachs $89 → $100 Maintains Buy 11/28/2023 -8.48% Societe Generale → $80 Downgrades Buy → Hold 11/20/2023 -2.76% Exane BNP Paribas

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Microchip Technology (NASDAQ:MCHP) Stock Analyst Ratings

/ / Technology /

Microchip Technology (NASDAQ:MCHP) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/30/2024 16.8% Rosenblatt → $100 Reiterates Buy → Buy 01/18/2024 22.63% Wolfe Research → $105 Upgrades Peer Perform → Outperform 01/09/2024 8.62% Truist Securities $97 → $93 Maintains Buy 01/09/2024 12.12% Stifel $100 → $96 Maintains Buy 01/04/2024 -6.56% Piper Sandler → $80 Downgrades Overweight → Neutral 11/08/2023 16.8% Citigroup → $100 Upgrades Neutral → Buy 11/03/2023 -6.56% Piper Sandler $100 → $80 Maintains Overweight 11/03/2023 5.12% Susquehanna $95 → $90 Maintains Positive 11/03/2023 5.12% Morgan Stanley $96 → $90 Maintains Overweight 11/03/2023 5.12% Keybanc $95 → $90 Maintains Overweight 11/03/2023 -0.72% Needham $100 → $85 Maintains Buy 10/24/2023 10.96% Susquehanna $100 → $95 Maintains Positive 10/11/2023 12.12% Morgan Stanley $101 → $96 Maintains Overweight 08/07/2023 16.8% Needham → $100 Reiterates Buy → Buy 08/04/2023 17.96% Morgan Stanley $97 → $101

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