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 01/19/2024 14.32% Goldman Sachs → $1325 Reinstates → Buy 12/11/2023 -5.09% Citigroup → $1100 Reinstates → Buy 12/08/2023 -12.42% Truist Securities $995 → $1015 Maintains Buy 12/08/2023 -13.72% TD Cowen $900 → $1000 Maintains Market Perform 12/08/2023 0.09% Rosenblatt $1000 → $1160 Maintains Buy 12/08/2023 — Summit Insights Group Upgrades Hold → Buy 12/04/2023 -13.72% Rosenblatt → $1000 Reiterates Buy → Buy 12/04/2023 -5.09% Oppenheimer $990 → $1100 Maintains Outperform 11/28/2023 -5.09% Susquehanna $1010 → $1100 Maintains Positive 11/24/2023 3.54% Keybanc $1000 → $1200 Maintains Overweight 09/22/2023 -14.15% Truist Securities → $995 Reiterates Buy → Buy 09/21/2023 -14.15% Truist Securities → $995 Reiterates Buy → Buy 09/18/2023 -12.86% Susquehanna → $1010 Reiterates Positive → Positive 09/14/2023 -13.72% Keybanc → $1000 Reiterates Overweight → Overweight 09/08/2023 -14.15% Truist Securities $942 → $995 Maintains […]

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Schlumberger Tops Earnings Estimates and Boosts Dividend. International Growth Is Strong. — Barrons.com

/ / Energy /

By Emily Dattilo Shares of SLB were trading higher after the oil services provider formerly known as Schlumberger topped earnings estimates and raised its quarterly dividend. SLB posted fourth-quarter adjusted earnings of 86 cents a share, beating Wall Street’s call for 84 cents, according to FactSet. Revenue of $8.99 billion was above the $8.96 billion analysts had expected. International revenue jumped 18% in the quarter. SLB’s board approved a 10% increase in the company’s quarterly cash dividend to 27.5 cents from 25 cents. For the full year, revenue rose 18% year over year, while adjusted earnings jumped 37%. “Our strong full-year performance was fueled by substantial international growth, with approximately 90% of our international GeoUnits posting year-on-year increases, complemented by sustained performance in North America,” CEO Olivier Le Peuch said in a statement. Shares rose 0.7% to $48.90 in premarket trading Friday. Write to Emily Dattilo at emily.dattilo@dowjones.com

Schlumberger Tops Earnings Estimates and Boosts Dividend. International Growth Is Strong. — Barrons.com Read Post »

IBM (NYSE:IBM) Stock Analyst Ratings

/ / Technology /

IBM (NYSE:IBM) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/19/2024 17.42% Evercore ISI Group $165 → $200 Upgrades In-Line → Outperform 01/05/2024 5.68% Jefferies → $180 Initiates Coverage On → Hold 01/05/2024 -16.05% Societe Generale → $143 Downgrades Hold → Sell 11/13/2023 -17.81% Wedbush → $140 Reiterates Neutral → Neutral 10/26/2023 5.09% RBC Capital $188 → $179 Maintains Outperform 10/26/2023 -9% BMO Capital $152 → $155 Maintains Market Perform 10/26/2023 -17.81% Wedbush → $140 Reiterates Neutral → Neutral 10/17/2023 -23.68% Morgan Stanley $135 → $130 Maintains Equal-Weight 09/20/2023 10.37% RBC Capital → $188 Initiates Coverage On → Outperform 07/20/2023 -6.06% B of A Securities $152 → $160 Maintains Buy 07/20/2023 -15.46% Stifel $140 → $144 Maintains Buy 07/20/2023 -20.74% Morgan Stanley $135 → $135 Reiterates Equal-Weight → Equal-Weight 07/20/2023 -17.81% Wedbush → $140 Reiterates Neutral → Neutral 07/20/2023 -10.76% BMO Capital

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Intuitive Surgical (NASDAQ:ISRG) Stock Analyst Ratings

/ / Health Care /

Intuitive Surgical (NASDAQ:ISRG) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/19/2024 11.04% Wells Fargo $363 → $416 Maintains Overweight 01/12/2024 6.77% RBC Capital $380 → $400 Maintains Outperform 01/03/2024 -0.71% Raymond James $310 → $372 Maintains Outperform 12/22/2023 4.1% Truist Securities $375 → $390 Maintains Buy 12/12/2023 0.09% Truist Securities $320 → $375 Maintains Buy 12/04/2023 -11.92% Morgan Stanley $300 → $330 Maintains Equal-Weight 11/17/2023 -6.58% Stifel $315 → $350 Maintains Buy 11/17/2023 -15.12% HSBC → $318 Initiates Coverage On → Buy 10/23/2023 -19.93% Morgan Stanley $330 → $300 Maintains Equal-Weight 10/20/2023 -13.25% Piper Sandler $385 → $325 Maintains Overweight 10/20/2023 -5.24% RBC Capital → $355 Reiterates Outperform → Outperform 10/20/2023 4.1% Citigroup $400 → $390 Maintains Buy 10/20/2023 -3.11% Wells Fargo $386 → $363 Maintains Overweight 10/20/2023 -17.26% Raymond James $368 → $310 Maintains Outperform 10/16/2023 -8.71% Leerink Partners →

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Amazon.com, Inc. (AMZN) Stock Analyst Ratings

/ / Consumer Discretionary /

Amazon.com, Inc. (AMZN) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/19/2024 35.78% Wedbush → $210 Reiterates Outperform → Outperform 01/09/2024 13.15% Stifel $173 → $175 Maintains Buy 01/09/2024 29.32% BMO Capital → $200 Initiates Coverage On → Outperform 12/21/2023 35.78% Wedbush $180 → $210 Maintains Outperform 12/01/2023 29.32% Oppenheimer $170 → $200 Maintains Outperform 12/01/2023 16.38% Wedbush → $180 Reiterates Outperform → Outperform 11/29/2023 13.8% Truist Securities → $176 Reiterates Buy → Buy 11/29/2023 13.15% JMP Securities → $175 Reiterates Market Outperform → Market Outperform 11/10/2023 35.78% Tigress Financial $204 → $210 Maintains Buy 11/02/2023 3.45% HSBC → $160 Initiates Coverage On → Buy 10/27/2023 1.51% DA Davidson $150 → $157 Maintains Buy 10/27/2023 22.85% Barclays $180 → $190 Maintains Overweight 10/27/2023 19.62% Rosenblatt $184 → $185 Maintains Buy 10/27/2023 3.45% Needham → $160 Reiterates Buy → Buy 10/27/2023 6.69% Telsey

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Blackstone Real Estate to Take Tricon Residential Private

/ / Financials /

Blackstone Real Estate to Take Tricon Residential Private Blackstone Remains Committed to Tricon’s Extensive Housing Development Platform, Including its Pipeline of $1 Billion of New Single-Family Homes in the U.S. and $2.5 Billion of New Apartments in Canada Plans to Improve Quality of Existing U.S. Single-Family Homes through an Additional $1 Billion of Capital Projects All financial and share price-related information is presented in U.S. dollars unless otherwise indicated. NEW YORK & TORONTO–(BUSINESS WIRE)–January 19, 2024– Blackstone (NYSE: BX) and Tricon Residential Inc. (NYSE: TCN, TSX: TCN) (“Tricon” or the “Company”) today announced that they have entered into an arrangement agreement (the “Arrangement Agreement”) under which Blackstone Real Estate Partners X together with Blackstone Real Estate Income Trust, Inc. (“BREIT”) will acquire all outstanding common shares of Tricon (“Common Shares”) for $11.25 (approximately C$15.17) per Common Share in cash (the “Transaction”). The Transaction price represents a premium of 30% to

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Truist Financial (NYSE:TFC) Stock Analyst Ratings

/ / Financials /

Truist Financial (NYSE:TFC) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/19/2024 16.02% RBC Capital $40 → $42 Maintains Outperform 01/19/2024 21.55% Keefe, Bruyette & Woods $42 → $44 Maintains Outperform 01/05/2024 13.26% Raymond James $34 → $41 Maintains Outperform 01/04/2024 18.78% B of A Securities → $43 Upgrades Neutral → Buy 01/02/2024 16.02% Barclays $40 → $42 Maintains Equal-Weight 12/14/2023 11.74% Odeon Capital → $40.45 Upgrades Hold → Buy 12/08/2023 -6.08% Piper Sandler $31 → $34 Maintains Neutral 12/04/2023 4.97% Morgan Stanley $40 → $38 Maintains Equal-Weight 11/20/2023 -8.84% Evercore ISI Group $31 → $33 Maintains In-Line 10/20/2023 -14.36% Piper Sandler $32 → $31 Maintains Neutral 10/05/2023 -6.08% Raymond James $36 → $34 Maintains Outperform 10/03/2023 10.5% Morgan Stanley $41 → $40 Maintains Equal-Weight 09/21/2023 -0.55% Keefe, Bruyette & Woods $37 → $36 Upgrades Market Perform → Outperform 09/15/2023 -11.6% Piper

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AT&T’s Challenges Are in Rearview Mirror. Analyst Says to Buy the Stock. — Barrons.com

/ / Telecommunications /

By Emily Dattilo The tide is turning for AT&T, one analyst team said, lifting its rating on the telecommunications stock. Oppenheimer analysts Timothy Horan and Edward Yang upgraded AT&T to Outperform from Perform in a Friday research report. They set a target of $21 for the stock price and raised their forecasts for revenue and earnings. “T has underperformed the market and peers the past few years as the company underwent a difficult transition to position itself as a pure connectivity provider,” Horan and Yang wrote. “We believe these headwinds have moved to the rearview, and the stock is set to benefit from a number of tailwinds.” The analyst team presented five positive factors. First, they said, the capacity and coverage of AT&T’s network has improved. Second, the company has made strides in terms of broadband subscribership and revenue, with 60% of its broadband customers using fiber connections, which offer

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Nvidia Is No Longer Citigroup’s Top Specialty Chip Stock. Here’s What Is. — Barrons.com

/ / Technology /

By Angela Palumbo Marvell Technology stock was rising Friday after a Citi analyst named the chip maker as its No. 1 specialty semiconductor pick. Citi analyst Atif Malik said in a research note Friday that Marvell is now his favorite specialty chip stock, while Nvidia is now No. 2. Malik maintained Buy ratings for both Marvell and Nvidia, with targets of $75 and $575 for their respective stock prices. “We like the stock setup in 2024 on continued AI optics growth, layering of custom ASIC AI project sales, and bottoming out of non-cloud markets like enterprise networking and carrier,” Malik said of Marvell. Marvell stock was up 2.1% to $69.65 in premarket trading Friday . Shares of Nvidia rose 1.6% to $580.10, while futures on the Nasdaq 100 were up 0.6%. Malik’s optimism about Marvell comes even though the company posted fiscal third-quarter earnings and revenue that fell from the

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