Oppenheimer: Maintains Intel (NASDAQ:INTC) in line with the broader market rating

by

Oppenheimer analyst Rick Schafer said that given the current business situation and cash outlays, the news that Intel (NASDAQ:INTC) announced a dividend reduction is not surprising. The analyst acknowledged that Intel has taken steps to reduce dividends to achieve its leadership in processes and regional manufacturing, still believes management is in “proof mode” and that … Read more

Bank of America Securities: Maintain Coinbase (NASDAQ:COIN) underperform rating and price target $35

by

Bank of America Securities analyst Jason Kupferberg maintains an underperform rating on Coinbase (NASDAQ:COIN) and a $35 price target. The analyst told investors that while Coinbase’s fourth-quarter results beat expectations, its guidance for 2023 is very limited, and we think Wall Street may want more. The analyst said the themes in the earnings report had … Read more

Deutsche Bank: Raised Walmart (NYSE:WMT) price target to $169 Maintain Buy rating

by

Deutsche Bank analyst Krisztina Katai raised its price target on Walmart (NYSE:WMT) to $169 from $164 and maintained a buy rating on the stock. Although the company’s initial 2023 outlook fell short of buyers’ expectations, the analyst was encouraged by the fact that its outlook left more room for upside and down.

Oppenheimer: Gives Walmart (NYSE:WMT) an outperform rating with a $160 price target

by

Oppenheimer analyst Rupesh Parikh said the health of Walmart’s (NYSE:WMT) business looks stronger than the company expected, with larger grocery store share growth, healthy growth in other revenue streams and tighter controls on capital spending. The analyst believes that management’s 2-2.5% sales growth guidance for Walmart in the United States is conservative given its stronger … Read more

Morgan Stanley: Lowered Home Depot (NYSE:HD) price target to $340 Maintain overweight rating

by

Morgan Stanley analyst Simeon Gutman lowered his price target on Home Depot (NYSE:HD) to $340 from $360 and maintained his overweight rating on the stock. Based on the assumptions mentioned on the fourth-quarter call, same-store sales fell 5 percent and EBIT margin was 14 percent, which would reduce fiscal 2023 earnings per share by about … Read more

Deutsche Bank: Palantir Technologies’ (NYSE:PLTR) 2023 guidance is not without risk

by

Deutsche Bank analyst Brad Zelnick maintains a sell rating on Palantir Technologies (NYSE:PLTR). The analyst believes that given macro factors, the drag on special purpose acquisition company (SPAC) investments, and possible further delays in funding for unfinished U.S. government projects, the midpoint of the company’s guidance for 2023 revenue growth may prove optimistic, but certainly … Read more

Evercore ISI: Home Depot (NYSE:HD) Outperform Rating with a $340 price target

by

Evercore ISI analyst Greg Melich removed Home Depot (NYSE:HD) from the “tactical underperform” list. The analyst said the stock fell about 7% after the results, with a guidance range of $280-300, in line with the support seen when the bank launched the bullish. The analyst has an Outperform rating on Home Depot stock with a … Read more