Holiday Promotions Drove Peak Traffic at Starbucks, Dunkin’

/ / Consumer Discretionary /

Dunkin’s busiest day of 2023 was on National Donut Day which falls of the first Friday in June, while Starbucks’ busiest traffic day was November 4, the first Saturday after its holiday menu launched, according to a report from Placer.ai. Dunkin’ gives out a free donut with a drink purchase on National Donut Day, and on Friday June 2 it saw a near 50% increase in visits compared with its 2023 daily average, the report said. Starbucks meanwhile saw visits spike 68% on November 4 compared with its 2023 daily average, though Black Friday wasn’t far behind, with visits jumping almost 65% that day, according to the Placer.ai data.

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Boeing Expert Says 737 MAX Freeze & Certification Challenges May Lead To Customer Loss: BofA Analyst

/ / Industrials /

BofA Securities analyst Ronald J. Epstein hosted Chris Brady, author of The Boeing 737 Technical Guide, to discuss the Federal Aviation Administration’s (FAA) mandatory production freeze of Boeing Co’s (NYSE:BA) 737 MAX aircraft and the possible implications for MAX 7 and MAX 10 certification process. As per the analyst, Brady praised the FAA’s decision to freeze production rates and noted that an alternative (such as slowing down rates) could have been much worse for Boeing. The analyst is cautious about the probability of the MAX 7 and 10 aircraft being allowed Time Limit Exceptions (TLE) due to scrutiny related to the door plug incident of Alaska Air Group Inc (NYSE:ALK). Brady says that, before that incident, the FAA would have granted the TLE to Boeing. The analyst notes that Boeing has given June 2026 as a reasonable timeframe for fixing the anti-ice system. The analyst further adds that if certification is delayed until then, Boeing may face the risk

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CrowdStrike (NASDAQ:CRWD) Stock Analyst Ratings

/ / Technology /

CrowdStrike (NASDAQ:CRWD) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/29/2024 11.04% JMP Securities $235 → $330 Maintains Market Outperform 01/18/2024 7.01% Keybanc $245 → $318 Maintains Overweight 01/17/2024 — WestPark Capital Downgrades Buy → Hold 01/16/2024 -2.42% Truist Securities $230 → $290 Maintains Buy 01/12/2024 -19.24% Cantor Fitzgerald → $240 Reiterates Overweight → Overweight 01/10/2024 7.68% Citigroup $275 → $320 Maintains Buy 01/09/2024 2.29% Morgan Stanley $203 → $304 Upgrades Equal-Weight → Overweight 01/05/2024 0.95% Oppenheimer $240 → $300 Maintains Outperform 12/21/2023 6% Rosenblatt $245 → $315 Maintains Buy 12/21/2023 9.36% Needham $250 → $325 Maintains Buy 12/15/2023 -9.15% BMO Capital $238 → $270 Maintains Outperform 12/15/2023 -7.46% Mizuho $225 → $275 Maintains Buy 12/11/2023 -9.48% JP Morgan $230 → $269 Maintains Overweight 11/30/2023 -25.3% Goldman Sachs $195 → $222 Maintains Buy 11/29/2023 -22.61% Truist Securities → $230 Reiterates Buy →

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Apple Needs to Keep iPhone Price Cuts in China to Clear Inventory, UBS Says

/ / Technology /

Apple (AAPL) will need to keep iPhone price cuts in place in China to continue clear inventory amid soft demand, UBS said in a note emailed Monday. With an excess inventory build of 2 million to 3 million iPhone units in China in the December quarter, risk shifts to the March quarter, UBS said. Analysts polled by Capital IQ estimate fiscal Q1 revenue of $118.3 billion and Q2 sales of $96.2 billion. UBS is forecasting Q1 revenue of $117.8 billion and expects the company to book roughly $1 billion more in sales than the projection. UBS has a neutral rating on Apple with a 12-month price target of $190.

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AMD Faces Tough Near-Term Setup, But Long-Term AI Prospects, BofA Says

/ / Technology /

AMD (AMD) might face a potential stock correction around earnings results on Tuesday because of a tougher near-term setup, but long-term artificial intelligence tailwinds remain strong, BofA Securities said Monday in a note. The investment firm said despite a “multi-hundred” billion dollar AI market, AMD faces tough competition from Nvidia, which has over 75% market share, and customer chip partners. AMD is expected to gain share in server CPU market from Intel in Q4, and the trend will continue in 2024, BofA said. The firm expects AMD’s combined revenue from PC and server CPU to make up 20% of the total in 2024. BofA reiterated its buy rating for AMD and raised price objective to $195 from $165.

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Analog Devices, Inc. (NASDAQ:ADI) Stock Analyst Ratings

/ / Technology /

Analog Devices, Inc. (NASDAQ:ADI) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/29/2024 5.02% Cantor Fitzgerald → $205 Reiterates Neutral → Neutral 01/23/2024 5.02% Cantor Fitzgerald → $205 Initiates Coverage On → Neutral 01/16/2024 -5.23% Barclays $180 → $185 Maintains Equal-Weight 12/22/2023 — Edward Jones Upgrades Hold → Buy 11/22/2023 10.14% Oppenheimer → $215 Reiterates Outperform → Outperform 11/22/2023 -10.35% Piper Sandler $190 → $175 Maintains Neutral 11/22/2023 7.58% Susquehanna $215 → $210 Maintains Positive 11/22/2023 7.58% UBS $200 → $210 Maintains Buy 11/22/2023 5.53% Truist Securities $213 → $206 Maintains Buy 11/22/2023 12.19% Morgan Stanley $225 → $219 Maintains Overweight 11/17/2023 15.26% Morgan Stanley $176 → $225 Upgrades Equal-Weight → Overweight 11/13/2023 2.45% UBS $210 → $200 Maintains Buy 10/11/2023 -9.84% Morgan Stanley $185 → $176 Maintains Equal-Weight 09/18/2023 10.14% Susquehanna → $215 Reiterates Positive → Positive 08/24/2023 10.14% Susquehanna $225

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Meta Platforms (NASDAQ:META) Stock Analyst Ratings

/ / Technology /

Meta Platforms (NASDAQ:META) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/29/2024 13.71% Jefferies $425 → $455 Maintains Buy 01/24/2024 12.46% Raymond James $425 → $450 Maintains Strong Buy 01/22/2024 -0.03% RBC Capital → $400 Reiterates Outperform → Outperform 01/19/2024 2.47% JMP Securities $380 → $410 Maintains Market Outperform 01/17/2024 3.72% Piper Sandler $355 → $415 Maintains Overweight 01/11/2024 17.46% Mizuho $400 → $470 Maintains Buy 01/10/2024 17.46% Mizuho $400 → $470 Maintains Buy 01/09/2024 -0.78% BMO Capital → $397 Initiates Coverage On → Market Perform 12/27/2023 4.97% Wedbush $350 → $420 Maintains Outperform 11/22/2023 8.72% Tigress Financial $380 → $435 Maintains Strong Buy 11/14/2023 1.22% Stifel → $405 Reiterates Buy → Buy 10/26/2023 1.22% Truist Securities $390 → $405 Maintains Buy 10/26/2023 -0.03% RBC Capital → $400 Reiterates Outperform → Outperform 10/26/2023 -11.28% Piper Sandler $365 → $355 Maintains Overweight 10/26/2023

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Intuit Inc. (NASDAQ:INTU) Stock Analyst Ratings

/ / Technology /

Intuit Inc. (NASDAQ:INTU) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/29/2024 4.93% Oppenheimer $610 → $678 Maintains Outperform 01/25/2024 8.34% Keybanc $670 → $700 Maintains Overweight 12/15/2023 8.34% Susquehanna → $700 Initiates Coverage On → Positive 11/29/2023 -3.27% Mizuho $600 → $625 Maintains Buy 11/29/2023 -7.14% Stifel $550 → $600 Maintains Buy 11/29/2023 -11.78% Morgan Stanley $525 → $570 Maintains Overweight 11/29/2023 -0.95% BMO Capital $605 → $640 Maintains Outperform 11/29/2023 -5.59% Oppenheimer $530 → $610 Maintains Outperform 11/29/2023 0.75% Citigroup $565 → $651 Maintains Buy 11/29/2023 -4.82% Wells Fargo $575 → $615 Maintains Overweight 11/29/2023 2.15% Barclays $570 → $660 Maintains Overweight 11/29/2023 -0.64% Piper Sandler → $642 Reiterates Overweight → Overweight 11/27/2023 -27.26% JP Morgan $410 → $470 Maintains Neutral 09/29/2023 2.15% Wolfe Research $600 → $660 Maintains Outperform 09/29/2023 -11.01% Wells Fargo $550 → $575 Maintains Overweight 09/29/2023

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Broadcom (NASDAQ:AVGO) Stock Analyst Ratings

/ / Technology /

Broadcom (NASDAQ:AVGO) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/29/2024 7.11% Cantor Fitzgerald → $1300 Reiterates Overweight → Overweight 01/23/2024 7.11% Cantor Fitzgerald → $1300 Initiates Coverage On → Overweight 01/19/2024 9.17% Goldman Sachs → $1325 Reinstates → Buy 12/11/2023 -9.37% Citigroup → $1100 Reinstates → Buy 12/08/2023 -16.37% Truist Securities $995 → $1015 Maintains Buy 12/08/2023 -17.6% TD Cowen $900 → $1000 Maintains Market Perform 12/08/2023 -4.42% Rosenblatt $1000 → $1160 Maintains Buy 12/08/2023 — Summit Insights Group Upgrades Hold → Buy 12/04/2023 -17.6% Rosenblatt → $1000 Reiterates Buy → Buy 12/04/2023 -9.37% Oppenheimer $990 → $1100 Maintains Outperform 11/28/2023 -9.37% Susquehanna $1010 → $1100 Maintains Positive 11/24/2023 -1.13% Keybanc $1000 → $1200 Maintains Overweight 09/22/2023 -18.02% Truist Securities → $995 Reiterates Buy → Buy 09/21/2023 -18.02% Truist Securities → $995 Reiterates Buy → Buy 09/18/2023 -16.78% Susquehanna → $1010

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