Chipotle Mexican Grill, Inc. (NYSE: CMG) Stock Analyst Ratings

/ / Consumer Discretionary /

Chipotle Mexican Grill, Inc. (NYSE: CMG) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/16/2024 -2.29% Piper Sandler $1930 → $2226 Maintains Neutral 01/05/2024 10.84% Oppenheimer $2225 → $2525 Maintains Outperform 01/04/2024 7.55% Stifel $2100 → $2450 Maintains Buy 01/03/2024 -1.41% Barclays $1885 → $2246 Maintains Equal-Weight 01/02/2024 22.91% Stephens & Co. $2330 → $2800 Maintains Overweight 12/21/2023 5.35% Wedbush → $2400 Downgrades Outperform → Neutral 12/07/2023 7.55% Raymond James $2100 → $2450 Maintains Outperform 12/01/2023 6.45% RBC Capital $2185 → $2425 Maintains Outperform 10/27/2023 -3.43% TD Cowen → $2200 Reiterates Outperform → Outperform 10/27/2023 -9.13% Morgan Stanley $2010 → $2070 Maintains Equal-Weight 10/27/2023 2.28% Stephens & Co. → $2330 Reiterates Overweight → Overweight 10/27/2023 -1.23% Keybanc $2200 → $2250 Maintains Overweight 10/24/2023 0.08% Truist Securities → $2280 Reiterates Buy → Buy 10/23/2023 -18.13% Barclays $1950 → $1865 Maintains Equal-Weight 10/20/2023 -3.43% […]

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Lowe’s Companies, Inc. (NYSE: LOW) Stock Analyst Ratings

/ / Consumer Discretionary /

Lowe’s Companies, Inc. (NYSE: LOW) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/16/2024 12.27% Piper Sandler $218 → $245 Maintains Overweight 01/04/2024 4.94% Barclays $203 → $229 Maintains Equal-Weight 12/21/2023 15.48% Truist Securities $225 → $252 Maintains Buy 12/20/2023 9.98% Stifel $235 → $240 Downgrades Buy → Hold 11/27/2023 -12.93% RBC Capital $194 → $190 Maintains Sector Perform 11/22/2023 -3.77% Evercore ISI Group $205 → $210 Maintains In-Line 11/22/2023 -0.1% Piper Sandler $240 → $218 Maintains Overweight 11/22/2023 9.98% UBS $265 → $240 Maintains Buy 11/22/2023 -1.48% Telsey Advisory Group $225 → $215 Maintains Market Perform 11/22/2023 -1.48% Wedbush $230 → $215 Maintains Neutral 11/22/2023 5.4% Morgan Stanley $255 → $230 Maintains Overweight 11/21/2023 7.69% Truist Securities → $235 Reiterates Buy → Buy 11/21/2023 3.11% Telsey Advisory Group → $225 Reiterates Market Perform → Market Perform 11/15/2023 3.11% Telsey Advisory Group

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Morgan Stanley Fourth-Quarter Earnings Miss Views, Revenue Tops Estimates

/ / Financials /

Morgan Stanley (MS) on Tuesday reported weaker-than-expected fourth-quarter earnings, weighed down by certain charges, although the banking giant exceeded analysts’ expectations for revenue. Per-share earnings came in at $0.85 for the December quarter, down from $1.26 the year before and missing the Capital IQ-polled consensus of $1.03. Revenue rose to $12.9 billion from $12.75 billion, topping the Street’s view for $12.82 billion. The stock fell 3.4% in Tuesday trading. Morgan Stanley said its results were negatively impacted by a $286 million Federal Deposit Insurance Corp. special assessment to help the regulator recover losses tied to last year’s bank failures. It also recorded a $249 million legal expense that the Securities and Exchange Commission said last week would settle “fraud charges” related to certain block trades. The two charges reduced the bank’s EPS by $0.28. “In 2023, the firm reported a solid (return on tangible common equity) against a mixed market

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FedEx CEO: No Impact on Air Freight From Red Sea Disruptions Yet

/ / Industrials /

FedEx CEO Raj Subramaniam said the carrier hasn’t seen higher demand for air freight from global shippers looking to divert goods from ocean shipping due to Houthi attacks on commercial vessels at the Red Sea. The ships can still travel via an alternative and longer route via the Cape of Good Hope, he said, adding that ocean shipping rates have risen. There has been no change to air freight rates due to the Red Sea disruptions. Subramaniam added that 90% of global shipping freight travels by ocean and 10% by air, and just a small diversion will make a big difference to air freight.

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CFRA Keeps Hold Opinion On Shares Of The Goldman Sachs Group, Inc.

/ / Financials /

CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We think GS shares are near our view of fair value, or our $388 target (up from $340), on forward P/E multiple expansion to 11.3x, above the three-year historic average at 10.0x. We lift our 2024 EPS by $0.20 to $34.40 and set 2025 at $38.70, with revenue forecast at $50.5B/$52.3B. GS posted Q4 2023 EPS of $5.48, a $1.21 earnings beat. In Global Banking Marketing (+7% Y/Y, 56% of total revenue), FICC trading was -24% and equity trading +26%, with lower trading activity. Investment Banking revenue was -12% Y/Y, with debt underwriting +40% and equity underwriting +38%, while M&A advisory was -29%. In 2024, we believe GS will pursue acquisitions to gain scale in Asset and Wealth Management. The segment posted revenue +23% Y/Y in Q4

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Uber Is Closing a Business It Bought for Over $1 Billion Three Years Ago — WSJ

/ / Consumer Discretionary /

By Alyssa Lukpat Uber said it’s shutting down Drizly, the alcohol-delivery service it acquired for $1.1 billion in 2021. Drizly said Monday that it would accept its final orders in March. Uber acquired Drizly as part of its foray into the delivery business after pandemic lockdowns boosted alcohol-delivery sales but the Boston-based company quickly faced challenges. Alcohol-delivery sales haven’t captured the U.S. booze market, remaining only a small portion of overall consumption. “We’ve decided to close the business and focus on our core Uber Eats strategy of helping consumers get almost anything — from food to groceries to alcohol — all on a single app,” said Pierre Dimitri Gore-Coty, Uber’s senior vice president of delivery. The Federal Trade Commission last year ordered Drizly to implement new data security measures after hackers stole information about 2.5 million customers in 2020. Drizly has said it has millions of customers but Uber Tuesday

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Boeing’s Stock Enters Bear Market as FAA Probe Opens ‘a Whole New Can of Worms’

/ / Industrials /

By Tomi Kilgore Stock falls more than 20% from December high after Wells Fargo analyst cuts rating, price target to the lowest on the Street Shares of Boeing Co. kept falling Tuesday, enough to enter “bear-market” territory, after a downgrade by Wells Fargo, which said there’s a good chance the Federal Aviation Administration’s investigation won’t be “clean.” The FAA’s probe “increases significantly” the risk that production and deliveries will be curtailed, analyst Matthew Akers wrote, in a note titled, “FAA audit opens up a whole new can of worms.” He doesn’t see enough upside for Boeing’s stock to justify that risk. The aerospace and defense giant’s stock (BA) sank 7.1% in morning trading toward a two-month low. The $15.36 price decline was shaving about 101 points off the price of the Dow Jones Industrial Average DJIA, which fell 126 points, or 0.3%. (Read more about how Boeing’s stock can affect

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Target Seen With Upside On Rebounding Sales

/ / Consumer Discretionary /

Target’s top line is looking a lot less risky this year. Morgan Stanley analyst Simeon Gutman says in a research note that the company is recovering from its idiosyncratic challenges, with overall discretionary spending set to rebound this year. Both of those factors likely point to accelerating sales momentum. He also sees potential for a margins beat, including from improving shrink. Target stock tends to re-rate with a higher multiple when macro or business-specific trends improve, and he sees that happening this year. Gutman upgrades shares to overweight from equal-weight and raises his price target to $165 a share from $140.

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How AI Could Change the Game for American Workers According to Top CEOs?

/ / Technology /

The recent survey by PwC revealed at the World Economic Forum in Davos, Switzerland, indicates a significant impact of generative AI on global employment and business strategies. According to the survey, 25% of global CEOs anticipate at least a 5% reduction in workforce due to AI deployment, particularly in the media, entertainment, banking, insurance, and logistics sectors. Conversely, engineering, construction, and technology sectors expect minimal job cuts from automation, the Financial Times reports. Generative AI, capable of rapidly producing human-like text, images, and code, is predicted to enhance profitability for 46% of businesses within a year, the report said. However, nearly half of the respondents foresee minimal impact from this technology. The survey, which involved 4,702 company chiefs from 105 countries, underscores AI’s significant economic and societal influence. Key figures in AI, such as OpenAI’s Sam Altman and Microsoft Corp’s (NASDAQ:MSFT) Satya Nadella, are expected to discuss these topics at the forum. While AI promises increased

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Nucor (NYSE:NUE) Stock Analyst Ratings

/ / Basic Materials /

Nucor (NYSE:NUE) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/16/2024 23.93% UBS → $210 Initiates Coverage On → Buy 12/12/2023 -6.75% JP Morgan $151 → $158 Maintains Neutral 10/31/2023 -9.12% Morgan Stanley $162 → $154 Maintains Equal-Weight 10/16/2023 -10.89% JP Morgan → $151 Upgrades Underweight → Neutral 09/08/2023 -10.89% JP Morgan $150 → $151 Maintains Underweight 07/27/2023 6.23% Citigroup $160 → $180 Maintains Neutral 07/26/2023 -4.39% Morgan Stanley $148 → $162 Maintains Equal-Weight 07/11/2023 -1.44% Credit Suisse $156 → $167 Maintains Outperform 07/05/2023 12.72% Exane BNP Paribas → $191 Upgrades Neutral → Outperform 06/21/2023 -12.66% Morgan Stanley → $148 Reiterates → Equal-Weight 06/01/2023 — Wolfe Research Upgrades Underperform → Peer Perform 05/23/2023 -23.28% JP Morgan → $130 Initiates Coverage On → Underweight 05/22/2023 -12.66% Morgan Stanley $133 → $148 Maintains Equal-Weight 04/24/2023 -21.51% Morgan Stanley $131 → $133 Maintains Equal-Weight 03/20/2023

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