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 […]

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

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

Nucor (NYSE:NUE) Stock Analyst Ratings Read Post »

Starbucks’ Cost Levers Could Help Deliver Earnings Growth, Morgan Stanley Says

/ / Consumer Discretionary /

Starbucks’ (SBUX) cost levers could help the company deliver on earnings growth and likely get more management focus, Morgan Stanley said Tuesday. The brokerage upgraded its rating on the coffee chain’s stock to overweight from equal-weight and raised its price target to $120 from $112. “While US sales slowing is a legitimate concern, available product, tech, store levers remain interesting, in our view, and discounted somewhat by the market,” Morgan Stanley said in a note. The firm said it expects China headwinds to persist for the time being, but are likely fully priced in. “[Starbucks] is one of few companies we cover we’d consider to still be under-earning vs its potential, and it has a history of working its way out of tough spots,” Morgan Stanley said. For 2024, the firm expects Starbucks’ per-share earnings of $4.05, compared with the market consensus for $4.14, according to the note.

Starbucks’ Cost Levers Could Help Deliver Earnings Growth, Morgan Stanley Says Read Post »

Advanced Micro Devices (NASDAQ:AMD) Stock Analyst Ratings

/ / Technology /

Advanced Micro Devices (NASDAQ:AMD) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/16/2024 25.43% Barclays $120 → $200 Maintains Overweight 01/16/2024 22.3% Keybanc $170 → $195 Maintains Overweight 01/08/2024 17.91% Melius Research → $188 Upgrades Hold → Buy 01/05/2024 1.6% Mizuho $130 → $162 Maintains Buy 01/04/2024 6.62% Keybanc $140 → $170 Maintains Overweight 12/18/2023 -1.54% Goldman Sachs $137 → $157 Maintains Buy 12/15/2023 3.48% B of A Securities → $165 Upgrades Neutral → Buy 12/07/2023 25.43% Rosenblatt → $200 Reiterates Outperform → Outperform 12/07/2023 -9.06% Stifel → $145 Reiterates Buy → Buy 12/07/2023 -12.2% Raymond James $125 → $140 Maintains Strong Buy 11/14/2023 -21.61% Roth MKM → $125 Initiates Coverage On → Buy 11/02/2023 -15.33% UBS $145 → $135 Maintains Buy 11/01/2023 -38.54% Truist Securities $128 → $98 Maintains Hold 11/01/2023 -18.47% Mizuho $140 → $130 Maintains Buy 11/01/2023 -24.74% Barclays

Advanced Micro Devices (NASDAQ:AMD) Stock Analyst Ratings Read Post »

Analog Devices, Inc. (NASDAQ:ADI) Stock Analyst Ratings

/ / Technology /

Analog Devices, Inc. (NASDAQ:ADI) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/16/2024 -1.81% Barclays $180 → $185 Maintains Equal-Weight 12/22/2023 — Edward Jones Upgrades Hold → Buy 11/22/2023 14.12% Oppenheimer → $215 Reiterates Outperform → Outperform 11/22/2023 -7.11% Piper Sandler $190 → $175 Maintains Neutral 11/22/2023 11.46% Susquehanna $215 → $210 Maintains Positive 11/22/2023 11.46% UBS $200 → $210 Maintains Buy 11/22/2023 9.34% Truist Securities $213 → $206 Maintains Buy 11/22/2023 16.24% Morgan Stanley $225 → $219 Maintains Overweight 11/17/2023 19.42% Morgan Stanley $176 → $225 Upgrades Equal-Weight → Overweight 11/13/2023 6.15% UBS $210 → $200 Maintains Buy 10/11/2023 -6.58% Morgan Stanley $185 → $176 Maintains Equal-Weight 09/18/2023 14.12% Susquehanna → $215 Reiterates Positive → Positive 08/24/2023 14.12% Susquehanna $225 → $215 Maintains Positive 08/24/2023 -7.11% Wells Fargo $185 → $175 Maintains Equal-Weight 08/24/2023 11.46% Baird $235 → $210 Maintains Outperform

Analog Devices, Inc. (NASDAQ:ADI) Stock Analyst Ratings Read Post »

Domino’s Pizza (NYSE:DPZ) Stock Analyst Ratings

/ / Consumer Discretionary /

Domino’s Pizza (NYSE:DPZ) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/16/2024 — Gordon Haskett Upgrades Hold → Buy 01/09/2024 -11.94% Bernstein → $370 Upgrades Underperform → Market Perform 01/05/2024 11.86% Oppenheimer $450 → $470 Maintains Outperform 01/04/2024 11.86% Stifel $440 → $470 Maintains Buy 01/03/2024 -17.65% Barclays $340 → $346 Maintains Underweight 12/20/2023 10.91% HSBC → $466 Initiates Coverage On → Buy 12/11/2023 8.29% Benchmark → $455 Upgrades Hold → Buy 12/11/2023 -4.8% Piper Sandler $401 → $400 Downgrades Overweight → Neutral 12/08/2023 -0.04% JP Morgan $410 → $420 Maintains Overweight 12/08/2023 13.05% BMO Capital $455 → $475 Maintains Outperform 12/08/2023 7.1% Evercore ISI Group $435 → $450 Maintains Outperform 12/08/2023 11.86% TD Cowen $430 → $470 Maintains Outperform 12/08/2023 8.29% Morgan Stanley $435 → $455 Maintains Overweight 12/08/2023 -4.8% Stephens & Co. $365 → $400 Maintains Equal-Weight 12/08/2023 0.92% Citigroup

Domino’s Pizza (NYSE:DPZ) Stock Analyst Ratings Read Post »

Applied Materials, Inc. (Nasdaq: AMAT) Stock Analyst Ratings

/ / Technology /

Applied Materials, Inc. (Nasdaq: AMAT) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/16/2024 -8.5% Barclays $120 → $140 Maintains Underweight 12/12/2023 20.92% TD Cowen $165 → $185 Maintains Outperform 11/22/2023 14.38% Redburn Atlantic → $175 Upgrades Neutral → Buy 11/17/2023 9.15% Mizuho $162 → $167 Maintains Buy 11/17/2023 11.11% JP Morgan $165 → $170 Maintains Overweight 11/17/2023 -7.19% Morgan Stanley $139 → $142 Maintains Equal-Weight 11/17/2023 17.65% Needham → $180 Reiterates Buy → Buy 10/13/2023 17.65% Needham → $180 Upgrades Hold → Buy 10/05/2023 -1.96% UBS $130 → $150 Maintains Neutral 09/15/2023 3.27% Mizuho → $158 Reiterates Buy → Buy 09/15/2023 20.92% Wolfe Research → $185 Initiates Coverage On → Outperform 08/21/2023 14.38% Berenberg $150 → $175 Maintains Buy 08/21/2023 -16.34% Susquehanna $112 → $128 Maintains Neutral 08/21/2023 1.31% Goldman Sachs $135 → $155 Maintains Buy 08/18/2023 4.58% Craig-Hallum $139 →

Applied Materials, Inc. (Nasdaq: AMAT) Stock Analyst Ratings Read Post »

IBM Likely to Report In-Line Q4 Earnings, 2024 Guidance, Morgan Stanley Says; Price Target Raised

/ / Technology /

IBM (IBM) is expected to overcome Wall Street pessimism by reporting in-line Q4 results and issuing in-line to “better than feared” 2024 guidance next week, Morgan Stanley said in a note Tuesday. Morgan Stanley said it expects IBM to project a 3% to 5% year-over-year increase in its 2024 revenue and around $11 billion in free cash flow for 2024, in-line to higher than consensus and buyside expectations. The analysts said while investors and other analysts have largely priced those 2024 forecasts into IBM’s share price, the company’s “resilient” fundamentals coupled with an accelerating order book for artificial intelligence applications support the company’s post-earnings momentum. IBM is scheduled to report its Q4 results and issue its 2024 expectations on Jan. 24. Morgan Stanley raised its price target on IBM by $3 to $152 while keeping its equalweight stock rating,

IBM Likely to Report In-Line Q4 Earnings, 2024 Guidance, Morgan Stanley Says; Price Target Raised Read Post »