Comcast Likely to Perform Well Due to Good Long Term Position in Media Businesses, Oppenheimer Says

/ / Telecommunications /

Comcast (CMCSA) is expected to perform well in a competitive environment because of its good long-term position in media businesses, Oppenheimer said in a note Friday. The company’s video losses are stabilizing and were in line with the previous year, the investment firm said. Comcast’s mobile additions have slowed in the last four quarters but remain on par with last year and its Peacock streaming service profits from a strong pipeline of sports content and original shows/ films, according to the note. Oppenheimer said it continues to favor Comcast over Charter Communications because it keeps improving margins, has a strong balance sheet and considerably less exposure to declines in legacy cable broadband and video markets. Additionally, Comcast has a more updated network and is returning huge amounts of capital to shareholders through dividends and buybacks, the brokerage firm said. Oppenheimer reiterated Comcast’s stock outperform rating and price target of $55.

Comcast Likely to Perform Well Due to Good Long Term Position in Media Businesses, Oppenheimer Says Read Post »

Airbnb to Collect Higher Service Fee for Cross-Currency Bookings Starting April 1

/ / Consumer Discretionary /

Airbnb (ABNB) said it will charge a higher guest service fee for cross-currency bookings starting April 1. In a notice on its website, the vacation rental company said an additional amount will be added to the service fee if the guest pays using currencies other than the one used by the host for the listing. “For these cross-currency bookings, the guest service fee will include an additional amount, resulting in a guest service fee of up to 16.5% of the booking subtotal,” the notice said. Most guest service fees are currently under 14.2% of the booking subtotal.

Airbnb to Collect Higher Service Fee for Cross-Currency Bookings Starting April 1 Read Post »

Verizon Communications Inc. ((NYSE, NASDAQ:VZ) Stock Analyst Ratings

/ / Telecommunications /

Verizon Communications Inc. ((NYSE, NASDAQ:VZ) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/26/2024 3.97% Barclays $42 → $44 Maintains Overweight 01/25/2024 18.15% Tigress Financial $45 → $50 Maintains Buy 01/24/2024 1.61% UBS $37 → $43 Maintains Neutral 01/24/2024 3.97% Wells Fargo $40 → $44 Maintains Equal-Weight 01/24/2024 8.7% Raymond James $42 → $46 Maintains Outperform 01/24/2024 11.06% Daiwa Capital → $47 Upgrades Neutral → Outperform 01/24/2024 8.7% Keybanc $45 → $46 Maintains Overweight 01/04/2024 8.7% Wolfe Research → $46 Upgrades Peer Perform → Outperform 01/03/2024 6.33% Keybanc → $45 Upgrades Sector Weight → Overweight 12/19/2023 1.61% Oppenheimer → $43 Reiterates Outperform → Outperform 12/14/2023 -0.76% Citigroup $40 → $42 Maintains Buy 12/13/2023 -5.48% Wells Fargo $35 → $40 Maintains Equal-Weight 11/02/2023 6.33% Tigress Financial $64 → $45 Maintains Buy 10/25/2023 -10.21% Barclays $37 → $38 Upgrades Equal-Weight → Overweight 08/29/2023 -5.48%

Verizon Communications Inc. ((NYSE, NASDAQ:VZ) Stock Analyst Ratings Read Post »

Oil Has Had a Wild Ride. Exxon Mobil Can Thrive Even With Low Oil Prices. — Barrons.com

/ / Energy /

By Jack Hough My proprietary oil model predicts less price volatility ahead. OK, there’s no model, but a chart of spot Texas crude still makes me shake my J.R. Ewing Stetson in disbelief at how nuts energy trading got over the past five years. OK, there’s no Stetson, either. Early in the pandemic, near the expiration for May 2020 futures contracts, oil briefly sold for negative $37 per barrel, because highways were empty, storage tanks were stuffed, and there was nowhere to receive the stuff. In summer 2022, with demand restored, and Russia well into its Ukraine invasion, prices topped $120. More recently, Texas crude sold for $77, down from $90 at the end of September, but up from $72 since the start of this year. The futures curve implies that prices will fall from the high to low $70s from now through 2027. Jason Gabelman, an oil stock analyst

Oil Has Had a Wild Ride. Exxon Mobil Can Thrive Even With Low Oil Prices. — Barrons.com Read Post »

Visa Adjusted EPS Tops Wall Street Views

/ / Industrials /

Visa is one of the most mentioned companies in the U.S. across all news items in the last 12 hours, according to Factiva data. It reported fourth-quarter adjusted earnings of $2.41 a share on Thursday, while analysts surveyed by FactSet had expected $2.34. Visa also said U.S. payment volume growth slowed in January amid extreme weather conditions. Raymond James, RBC Capital and UBS raised Visa price targets on Friday. Shares were recently down 1.6%. Dow Jones & Co. owns Factiva.

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ASML Holding (NASDAQ: ASML) Stock Analyst Ratings

/ / Technology /

ASML Holding (NASDAQ: ASML) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/26/2024 26.44% Susquehanna $830 → $1100 Maintains Positive 01/25/2024 14.94% Raymond James $850 → $1000 Maintains Strong Buy 01/19/2024 -2.3% Raymond James $725 → $850 Maintains Strong Buy 11/30/2023 0.92% JP Morgan $726 → $878 Maintains Overweight 10/19/2023 -16.55% JP Morgan $732 → $726 Maintains Overweight 10/12/2023 -6.9% Susquehanna $850 → $810 Maintains Positive 10/11/2023 -15.86% JP Morgan $772 → $732 Maintains Overweight 07/28/2023 — Bernstein Downgrades Outperform → Market Perform 07/20/2023 -8.05% Wells Fargo $775 → $800 Maintains Overweight 06/16/2023 — New Street Research Downgrades Buy → Neutral 01/26/2023 -10.92% Argus Research $590 → $775 Maintains Buy 01/26/2023 -13.56% JP Morgan $710 → $752 Maintains Overweight 11/14/2022 — Susquehanna Upgrades Neutral → Positive 11/14/2022 -23.56% Wells Fargo $510 → $665 Maintains Overweight 11/08/2022 — Morgan Stanley Initiates Coverage On

ASML Holding (NASDAQ: ASML) Stock Analyst Ratings Read Post »

ConocoPhillips (NYSE:COP) Stock Analyst Ratings

/ / Energy /

ConocoPhillips (NYSE:COP) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/26/2024 18.64% Susquehanna $152 → $133 Maintains Positive 01/24/2024 22.21% Raymond James $140 → $137 Maintains Strong Buy 01/03/2024 17.75% Mizuho $139 → $132 Maintains Neutral 12/29/2023 24.89% Raymond James $146 → $140 Maintains Strong Buy 12/14/2023 23.1% UBS $149 → $138 Maintains Buy 12/08/2023 25.78% JP Morgan $153 → $141 Maintains Neutral 11/14/2023 20.43% RBC Capital $130 → $135 Maintains Outperform 10/18/2023 35.59% Susquehanna $153 → $152 Maintains Positive 10/04/2023 32.92% UBS $147 → $149 Maintains Buy 10/02/2023 27.56% Jefferies $141 → $143 Maintains Buy 10/02/2023 11.51% Morgan Stanley $124 → $125 Maintains Overweight 09/18/2023 42.73% Truist Securities $151 → $160 Maintains Buy 09/18/2023 24% Mizuho $135 → $139 Maintains Neutral 09/08/2023 — Erste Group Upgrades Hold → Buy 08/28/2023 25.78% Jefferies $143 → $141 Maintains Buy 08/17/2023 31.13% UBS $127

ConocoPhillips (NYSE:COP) Stock Analyst Ratings Read Post »

CFRA Keeps Buy Recommendation On Shares Of Eli Lilly And Company

/ / Health Care /

CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: Following the rapid rally we saw in LLY shares since January 2 (+8.4%), we lift our target price to $702 from $665, 57.7x our 2024 EPS estimate, a premium to LLY’s historical forward P/E average, justified by the company’s strong revenue and earnings growth potential. We lower our 2023 EPS view by $0.10 to $6.60 and maintain our 2024 estimate at $12.17. We are encouraged by the positive results coming from LLY’s subsidiary Akuous Inc.’s gene therapy AK-OTOF phase 1/2 studies shared this week. The study showed hearing restoration in an 11-year old patient with severe hearing loss from birth after 30 days of the gene therapy’s administration. LLY also received approval in the U.K. yesterday for the four-dose version of its type 2 diabetes and weight

CFRA Keeps Buy Recommendation On Shares Of Eli Lilly And Company Read Post »

Alphabet Poised for Fourth-Quarter Beat Amid YouTube, Search Tailwinds, BofA Says

/ / Technology /

Alphabet (GOOG, GOOGL) looks set to report better-than-projected fourth-quarter results, aided by tailwinds from YouTube, search, and artificial intelligence, as well as the recent ad sector rebound, BofA Securities said Friday. The parent company of internet search giant Google is scheduled to report results Tuesday. BofA continues to expect per-share earnings of $1.63 amid the potential for “slightly higher” costs, BofA analysts including Justin Post and Nitin Bansal said in a note. The firm raised its consolidated net revenue outlook to $72.62 billion from $72.16 billion. Wall Street is looking for EPS of $1.61 and revenue of $71.11 billion, the brokerage said. “We expect (fourth-quarter) revenue strength from a (post-October) ad sector rebound, AI tools driving incremental ad spend, and linear video spend shift” to YouTube, the analysts said. BofA raised its price objective on the Alphabet stock to $175 from $166 while reiterating its buy rating. BofA expects fourth-quarter

Alphabet Poised for Fourth-Quarter Beat Amid YouTube, Search Tailwinds, BofA Says Read Post »

BofA lowered Boeing to Neutral from Buy and cut the price objective to $225 from $255

/ / Industrials /

Boeing — BA-NYSE Neutral — Price $214.13 on Jan. 25 by BofA Global Research In the wake of the Alaska Airlines Flight 1282 incident, where a 737 MAX-9 door plug was ejected from the fuselage in midflight, Boeing has again found itself in the spotlight of materially increased regulatory scrutiny. The subsequent grounding and Federal Aviation Administration mandated production rate freeze at current levels will likely prevent Boeing from reaching its 2025-26 production, delivery, and free-cash-flow goals outlined during its 2022 investor day. We expect the FAA ruling to delay Boeing’s 737 ramp by roughly a year. We move to the sidelines with our rating on the shares, lowering it to Neutral from Buy and cutting our price objective to $225 from $255.

BofA lowered Boeing to Neutral from Buy and cut the price objective to $225 from $255 Read Post »

Evercore reiterate Netflix Outperform and raise the price target to $600 from $500

/ / Consumer Discretionary /

Netflix — NFLX-Nasdaq Outperform — Price $490.20 on Jan. 23 by Evercore We reiterate our Outperform on Netflix and raise our price target to $600 from $500 in the wake of fourth-quarter earnings-per-share results that were materially better than high expectations. There were several key positives — much stronger than expected fourth-quarter subscription additions (13 million, the second highest ever for Netflix, after the March 2020 Covid quarter); a record-high fourth-quarter 17% operating margin; and free cash flow that came in materially higher than expected. The first-quarter subscription outlook commentary was very vague, but the outlook for accelerating revenue growth wasn’t — 13% in the fourth quarter to 16% in the first quarter to “healthy double-digit revenue growth” for the full year. We attribute the very strong top-line performance to several factors: 1) a reasonably strong content slate across film and TV, 2) increased contribution from SAVOD [subscription and ad-supported

Evercore reiterate Netflix Outperform and raise the price target to $600 from $500 Read Post »

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