American Express (NYSE:AXP) Stock Analyst Ratings

/ / Industrials /

American Express (NYSE:AXP) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/29/2024 9.32% Barclays $216 → $220 Maintains Overweight 01/10/2024 16.77% Deutsche Bank → $235 Initiates Coverage On → Buy 01/10/2024 — BMO Capital Downgrades Market Perform → Underperform 01/08/2024 -5.59% Baird → $190 Downgrades Neutral → Underperform 01/04/2024 1.86% JP Morgan $167 → $205 Upgrades Neutral → Overweight 01/02/2024 -4.1% Stephens & Co. → $193 Upgrades Underweight → Equal-Weight 12/20/2023 — Monness, Crespi, Hardt Initiates Coverage On → Neutral 12/18/2023 1.86% Goldman Sachs $186 → $205 Maintains Buy 11/15/2023 -8.57% Barclays → $184 Initiates Coverage On → Overweight 11/01/2023 -21.49% TD Cowen → $158 Initiates Coverage On → Market Perform 10/25/2023 -23.48% Citigroup $143 → $154 Upgrades Sell → Neutral 10/24/2023 -24.97% Piper Sandler → $151 Upgrades Underweight → Neutral 10/23/2023 -8.07% RBC Capital $190 → $185 Maintains Outperform 10/23/2023 -6.58% […]

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Microsoft Likely to Post Fiscal Second-Quarter Beat Driven by Artificial Intelligence Growth, Wedbush Says

/ / Technology /

Microsoft (MSFT) is likely to surpass market estimates for its fiscal second quarter this week, with the technology giant’s financial results a “key barometer” for the pace of artificial intelligence spending, according to Wedbush Securities. The brokerage forecasts the company to post earnings and revenue above the Street’s view of $2.77 per share and $61.13 billion for the December quarter. Investors’ attention will be on the growth of cloud-computing platform Azure, given the activity levels seen during the period from core Microsoft customers heading to the cloud, Wedbush said in a Sunday client note. Customer conversation rates around the Copilot chatbot will also be on investor focus during the earnings call by senior management, as well as early deal sizes and the pace of AI use cases on Azure heading into the next 12 to 18 months. Wedbush anticipates “some conservatism around guidance,” as the Street is aware of the

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3M’s $6 Billion Earplug Settlement Gets Support From Claimants

/ / Industrials /

By Will Feuer 3M said participation in its $6 billion settlement of allegations that its earplugs caused hearing loss among veterans is on pace to exceed the 98% threshold required by the agreement. Last year, 3M agreed to pay $6 billion, including an option to pay up to $1 billion in stock or cash, to settle the litigation. The manufacturer said Monday it has elected to pay the $1 billion in cash. The company said its settlement has garnered support from more than 250,000 eligible claimants, who have agreed to release their claims as part of their participation in the settlement. Write to Will Feuer at Will.Feuer@wsj.com

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Hilton Worldwide Holdings (NYSE:HLT) Stock Analyst Ratings

/ / Consumer Discretionary /

Hilton Worldwide Holdings (NYSE:HLT) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/29/2024 3.83% Barclays $190 → $200 Maintains Overweight 01/02/2024 -5.52% Jefferies $157 → $182 Maintains Hold 10/27/2023 -11.75% Raymond James $165 → $170 Maintains Outperform 10/26/2023 -9.15% Truist Securities $172 → $175 Maintains Hold 10/26/2023 -5% Morgan Stanley $182 → $183 Maintains Overweight 10/26/2023 -10.19% Barclays $169 → $173 Maintains Overweight 10/23/2023 -0.85% HSBC → $191 Initiates Coverage On → Buy 10/16/2023 -5.52% Morgan Stanley $170 → $182 Maintains Overweight 09/12/2023 -14.86% TD Cowen $148 → $164 Maintains Outperform 08/14/2023 -16.42% Bernstein $152 → $161 Maintains Market Perform 07/27/2023 -11.75% Morgan Stanley $163 → $170 Maintains Overweight 07/27/2023 -14.86% Baird $160 → $164 Maintains Outperform 07/21/2023 -16.42% Wells Fargo $151 → $161 Maintains Equal-Weight 07/21/2023 -12.27% Barclays $166 → $169 Maintains Overweight 06/27/2023 -15.38% Morgan Stanley $166 → $163 Maintains

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Marriott (NASDAQ:MAR) Stock Analyst Ratings

/ / Consumer Discretionary /

Marriott (NASDAQ:MAR) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/29/2024 -3.03% Barclays $208 → $234 Maintains Equal-Weight 01/02/2024 -5.93% Jefferies $205 → $227 Maintains Hold 12/05/2023 -8.83% Wells Fargo → $220 Initiates Coverage On → Equal-Weight 10/23/2023 -3.44% HSBC → $233 Initiates Coverage On → Buy 10/16/2023 -3.85% Morgan Stanley $225 → $232 Maintains Overweight 09/21/2023 -8.41% Truist Securities → $221 Reiterates Hold → Hold 09/21/2023 -6.76% B of A Securities $215 → $225 Maintains Buy 09/12/2023 -10.9% TD Cowen $185 → $215 Maintains Outperform 08/31/2023 -6.76% Citigroup $175 → $225 Maintains Neutral 08/14/2023 -9.66% Bernstein $204 → $218 Downgrades Outperform → Market Perform 08/07/2023 -8% Wells Fargo $212 → $222 Maintains Overweight 08/02/2023 -8.41% Truist Securities $213 → $221 Maintains Hold 08/02/2023 -3.85% Argus Research $208 → $232 Maintains Buy 08/02/2023 -6.76% Morgan Stanley $208 → $225 Maintains Overweight 08/02/2023

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Tesla Expects Capital Expenditures to Decline After Fiscal 2024

/ / Consumer Discretionary /

By Will Feuer Tesla expects to spend more than $10 billion in capital expenditures in the current fiscal year, but expects that figure to decline in the following two years. The Elon Musk-led electric vehicle maker disclosed the guidance in a regulatory filing containing its annual report. For fiscal 2025 and fiscal 2026, Tesla said it is targeting capital expenditures of $8 billion to $10 billion. The company cautioned that various factors, including potentially shifting company priorities and the addition of new projects, could affect the guidance. The company also said it expects to be able to fund itself and its expansion “as long as macroeconomic factors support current trends in our sales.” Tesla said it is likely to see heightened levels of capital expenditures over certain periods due to various factors such as labor availability, supply-chain issues, material prices and trade conditions. Write to Will Feuer at Will.Feuer@wsj.com

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Musk Is Buying AMD’s Chips for Tesla. Earnings Can Bolster Its AI Credentials. — Barrons.com

/ / Technology /

By Adam Clark Advanced Micro Devices got a show of support last week when Elon Musk said he would buy its chips to power artificial-intelligence efforts at Tesla. Wall Street is betting its earnings will provide further proof of AMD’s AI chip potential. AMD stock was up 1.8% at $180.44 in premarket trading on Monday. That continued the movement seen after market hours last Friday when Musk said on social-media platform X that Tesla would buy the company’s chips, while also spending more than $500 million on Nvidia hardware this year. Musk didn’t give a comparable figure for potential spending on AMD’s products but it still looked like good news for its MI300 data-center chips, the company’s main AI hardware offering. There could be more good news coming. AMD will report its fourth-quarter earnings on Tuesday and most of the attention will be on its guidance. AMD CEO Lisa Su

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