3M (NYSE:MMM) Stock Analyst Ratings

/ / Industrials /

3M (NYSE:MMM) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/24/2024 9.28% Wells Fargo $112 → $105 Maintains Equal-Weight 12/19/2023 16.56% Wells Fargo $100 → $112 Maintains Equal-Weight 12/04/2023 11.36% Barclays $98 → $107 Upgrades Underweight → Equal-Weight 10/25/2023 9.28% JP Morgan $104 → $105 Maintains Neutral 10/25/2023 -13.62% RBC Capital $85 → $83 Maintains Underperform 10/25/2023 0.95% Citigroup $95 → $97 Maintains Neutral 10/25/2023 1.99% Barclays $96 → $98 Maintains Underweight 10/09/2023 -1.13% Citigroup $111 → $95 Maintains Neutral 09/15/2023 13.44% HSBC → $109 Initiates Coverage On → Hold 08/31/2023 17.61% Morgan Stanley $102 → $113 Upgrades Underweight → Equal-Weight 08/29/2023 24.89% Mizuho → $120 Reiterates Neutral → Neutral 08/29/2023 — Wolfe Research Upgrades Underperform → Peer Perform 07/26/2023 6.16% Morgan Stanley $100 → $102 Maintains Underweight 07/26/2023 15.52% Citigroup $100 → $111 Maintains Neutral 07/26/2023 4.08% RBC Capital $95 → […]

3M (NYSE:MMM) Stock Analyst Ratings Read Post »

Estee Lauder’s Product Launches Seen as Key to Recovery Plan

/ / Consumer Discretionary /

There is no ‘silver bullet’ to drive a faster rebound in China, but the restoration of Estee Lauder’s sales growth should be supported by more substantial innovation across its biggest and newest brands, Raymond James analysts say in a research note. Near-term visibility around the beauty retailer remains challenging, but it should be better positioned for growth once its profit recovery bears fruit. “While shares may be volatile in the near-term, we maintain our strong buy rating,” analysts say, noting that they believe Estee Lauder’s long-term earnings should be stronger when margins are repaired and top-line growth is closer to $6. Shares rise 0.2% to $128 in after-hours trading.

Estee Lauder’s Product Launches Seen as Key to Recovery Plan Read Post »

Estee Lauder (NYSE:EL) Stock Analyst Ratings

/ / Consumer Discretionary /

Estee Lauder (NYSE:EL) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/16/2024 -6.53% Barclays $101 → $121 Maintains Equal-Weight 11/29/2023 25.92% DA Davidson $146 → $163 Maintains Buy 11/28/2023 39.05% HSBC → $180 Initiates Coverage On → Buy 11/08/2023 -7.3% TD Cowen → $120 Downgrades Outperform → Market Perform 11/03/2023 -8.85% Berenberg $224 → $118 Downgrades Buy → Hold 11/02/2023 12.78% DA Davidson $185 → $146 Maintains Buy 11/02/2023 -8.85% JP Morgan $173 → $118 Maintains Overweight 11/02/2023 3.51% Morgan Stanley $200 → $134 Maintains Overweight 11/02/2023 8.92% Goldman Sachs $185 → $141 Maintains Buy 11/02/2023 -11.16% Telsey Advisory Group $210 → $115 Downgrades Outperform → Market Perform 11/02/2023 -11.16% RBC Capital $195 → $115 Downgrades Outperform → Sector Perform 10/26/2023 62.22% Telsey Advisory Group → $210 Reiterates Outperform → Outperform 10/23/2023 39.05% Raymond James $195 → $180 Maintains Strong Buy 10/17/2023

Estee Lauder (NYSE:EL) Stock Analyst Ratings Read Post »

American Express Announces Record Full-Year 2023 Revenue of $60.5 Billion, Up 14% on a Reported Basis and 15% on an FX-Adjusted Basis

/ / Industrials /

American Express Announces Record Full-Year 2023 Revenue of $60.5 Billion, Up 14% on a Reported Basis and 15% on an FX-Adjusted Basis Full-Year Earnings Per Share Increased 14% to $11.21 Full-Year 2024 Guidance for Revenue Growth of 9% to 11% and EPS of $12.65 to $13.15 Company Plans to Increase Quarterly Dividend by 17% to $0.70 Per Common Share NEW YORK–(BUSINESS WIRE)–January 26, 2024– American Express Company (NYSE: AXP): ($ in millions, except per share amounts, and where indicated) Quarters Ended Percentage Years Ended Percentage December 31, Inc/(Dec) December 31, Inc/(Dec) —————- ———- —————— ———– 2023 2022 2023 2022 ————— ——- ——- ———- ——– ——– ———– Billed Business (Billions) $379.8 $357.4 6% $1,459.6 $1,338.3 9% ————— ——- ——- ———- ——– ——– ———– Total Revenues Net of Interest Expense $15,799 $14,176 11% $60,515 $52,862 14% FX-adjusted(1) $14,225 11% $52,833 15% ————— ——- ——- ———- ——– ——– ———– Total Provisions for Credit

American Express Announces Record Full-Year 2023 Revenue of $60.5 Billion, Up 14% on a Reported Basis and 15% on an FX-Adjusted Basis Read Post »

A Slowing Economy Hasn’t Grounded Travel Spending — WSJ

/ / Industrials /

By Charley Grant The economy might be cooling, but wealthy U.S. consumers and businesses are still spending on travel. That’s one takeaway from Friday morning’s earnings report from American Express. The credit card giant said that cardholder spending on travel and entertainment rose 9% from a year earlier. That figure is down from 13% in the third quarter–and 34% in the fourth quarter of 2022, when growth surged relative to pandemic-era spending. Still, the category grew more quickly than overall spending, which rose 6% from a year earlier.

A Slowing Economy Hasn’t Grounded Travel Spending — WSJ Read Post »

CFRA Reiterates Strong Buy Opinion On Shares Of American Express Company

/ / Industrials /

CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We increase our 12-month target price by $65 to $270, applying a forward P/E of 18.8x our 2025 earnings estimate, a wider risk premium than the peer average of 7.1x given more consistent earnings performance, lower credit risk, and superior growth prospects. We raise our 2024 EPS estimate by $0.24 to $12.98 and start 2025’s at $14.40. AXP reported Q4 EPS of $2.62 vs. $2.07 a year ago, a $0.03 earnings miss. Although some may fixate on slowing spending trends (discount revenue +5% Y/Y vs. 7% in Q3), we believe this quarter highlighted AXP’s diversified business model, which can outperform in a variety of scenarios. Leading the charge this quarter was net interest income, which surged 31% higher on 13% loan growth. Additionally, net card fees (+17%)

CFRA Reiterates Strong Buy Opinion On Shares Of American Express Company Read Post »

American Express’s Stock Soars Toward Record as Affluent Spenders Drive Growth

/ / Industrials /

By Emily Bary American Express write-off rate ticked higher in latest quarter but remained below what competitors posted American Express Co. saw net write-offs increase slightly in the latest quarter relative to a year before, but the company on Friday still came in ahead of Wall Street expectations with its financial forecasts for 2024. Shares were rocketing 8.7% in morning trading Friday and on pace for their largest single-day percentage gain since they rose 10.5% after the company’s fourth-quarter report a year ago. The stock, which recently changed hands at $204.07, is also tracking toward a new all-time high. That would mark its first record close since Feb. 16, 2022, when it finished at $198.38, according to Dow Jones Market Data. Total revenue net of interest expense came in at $15.8 billion, up 11% from the $14.2 billion that Amex (AXP) reported a year prior. Analysts had been looking for

American Express’s Stock Soars Toward Record as Affluent Spenders Drive Growth Read Post »

American Express Shares Rise on Higher Q4 Earnings, Revenue

/ / Industrials /

American Express (AXP) shares rose more than 7% in recent Friday trading after the company reported Q4 earnings of $2.62 per diluted share, up from $2.07 a year earlier. Analysts surveyed by Capital IQ expected $2.63. Revenue for the quarter ended Dec. 31 was $15.8 billion, up from $14.18 billion a year earlier. Analysts polled by Capital IQ expected $15.95 billion. The company said it expects full-year 2024 earnings of $12.65 to $13.15 per share, with revenue growth of 9% to 11%. Analysts surveyed by Capital IQ expect EPS of $12.32 on revenue of $66.21 billion. Price: 201.74, Change: +13.67, Percent Change: +7.27

American Express Shares Rise on Higher Q4 Earnings, Revenue Read Post »

Scroll to Top