CFRA Maintains Hold Opinion On Shares Of General Motors Company

/ / Consumer Discretionary /

CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We increase our 12-month price target by $2 to $34, based on a 2025 P/E of 4.9x, a steep but justified discount to historic averages. Our earnings estimates remain unchanged. GM posts Q4 U.S. vehicle sales of 625,176 units (+0.3% Y/Y), in line with expectations. Notably, despite the impact of the UAW’s targeted strike, dealership inventories of GM vehicles hit 456,686 units at year end, the highest level since 2020. GM’s Q4 EV sales totaled only 19,504 units and the company said it will offer up to $7,500 in incentives on its EV models that no longer qualify for the federal tax credit with new, more stringent requirements that went into effect on January 1, which we view as yet another EV-related red flag. With inventories rising […]

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Moody’s (NYSE:MCO) Stock Analyst Ratings

/ / Financials /

Moody’s (NYSE:MCO) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/03/2024 14.31% BMO Capital $366 → $430 Maintains Outperform 12/15/2023 20.95% Wells Fargo $365 → $455 Upgrades Equal-Weight → Overweight 10/26/2023 -11.48% Stifel $344 → $333 Maintains Hold 10/26/2023 1.28% RBC Capital → $381 Reiterates Outperform → Outperform 10/26/2023 -2.71% BMO Capital $399 → $366 Maintains Outperform 10/26/2023 -15.47% Morgan Stanley $332 → $318 Maintains Equal-Weight 10/26/2023 -9.62% Barclays $350 → $340 Maintains Equal-Weight 10/18/2023 1.01% JP Morgan $390 → $380 Maintains Overweight 10/03/2023 -11.75% Morgan Stanley $345 → $332 Maintains Equal-Weight 09/18/2023 7.39% RBC Capital → $404 Reiterates Outperform → Outperform 09/14/2023 3.67% Wolfe Research → $390 Initiates Coverage On → Outperform 07/27/2023 6.06% BMO Capital $390 → $399 Maintains Outperform 07/26/2023 -8.29% Morgan Stanley $323 → $345 Maintains Equal-Weight 07/26/2023 7.39% RBC Capital $350 → $404 Maintains Outperform 07/26/2023 -2.97%

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Intel to Report Fourth-Quarter and Full-Year 2023 Financial Results

/ / Technology /

Intel to Report Fourth-Quarter and Full-Year 2023 Financial Results SANTA CLARA, Calif.–(BUSINESS WIRE)– Intel Corporation today announced that it will report fourth-quarter and full-year 2023 financial results on Thursday, Jan. 25, 2024, promptly after close of market. Intel will then hold an earnings conference call at 2 p.m. PST that day to discuss the results. A live public webcast of the earnings conference call can be accessed on Intel’s Investor Relations website at intc.com. Associated materials and webcast replay will be available on the site. About Intel Intel (Nasdaq: INTC) is an industry leader, creating world-changing technology that enables global progress and enriches lives. Inspired by Moore’s Law, we continuously work to advance the design and manufacturing of semiconductors to help address our customers’ greatest challenges. By embedding intelligence in the cloud, network, edge and every kind of computing device, we unleash the potential of data to transform business and society

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DoorDash to Announce Fourth Quarter 2023 Results on February 15, 2024

/ / Technology /

DoorDash to Announce Fourth Quarter 2023 Results on February 15, 2024 SAN FRANCISCO–(BUSINESS WIRE)–January 04, 2024– DoorDash, Inc. (NASDAQ: DASH) today announced the company’s fourth quarter 2023 financial results will be released after market close on Thursday, February 15, 2024. The company’s earnings press release and shareholder letter will be made available on the DoorDash Investor Relations website at ir.doordash.com. DoorDash will host a conference call to discuss its results at 2 p.m. PT / 5 p.m. ET the same day. Interested parties may register for and access the live webcast of the call at the DoorDash Investor Relations website at ir.doordash.com. Following the call, a replay will be available at the same website. DoorDash announces material information to the public through a variety of means, including filings with the Securities and Exchange Commission, press releases, public conference calls, webcasts, the investor relations section of its website (ir.doordash.com), and its

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Apple Stock Is Getting Bashed in 2024. It Gets Downgraded Again. — Barrons.com

/ / Technology /

Shares of Apple were falling Thursday after the iPhone maker received its second downgrade this week. The stock was down 1.2% to $181.96. The stock has fallen 5.5% this year. The shares have gained 46% over the past 12 months. Piper Sandler analysts Harsh Kumar and Robert Aguanno downgraded Apple to Neutral from Overweight and cut their price target on the shares to $205 from $220 in a wider semiconductors industry report Thursday. “We believe that first half of 2024 will be challenging for the analog market, handset and consumer end markets,” the analysts wrote. “However, we are expecting the GPU accelerator and Generative Artificial Intelligence driven compute markets to perform remarkably well throughout calendar year 2024.” The analysts said there were a few reasons for the downgrade, most of which focused on the iPhone. Piper Sandler said it was concerned about inventory levels stepping into the first half of

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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 01/04/2024 16.78% Wolfe Research → $46 Upgrades Peer Perform → Outperform 01/03/2024 14.24% Keybanc → $45 Upgrades Sector Weight → Overweight 12/19/2023 9.16% Oppenheimer → $43 Reiterates Outperform → Outperform 12/14/2023 6.63% Citigroup $40 → $42 Maintains Buy 12/13/2023 1.55% Wells Fargo $35 → $40 Maintains Equal-Weight 11/02/2023 14.24% Tigress Financial $64 → $45 Maintains Buy 10/25/2023 -3.53% Barclays $37 → $38 Upgrades Equal-Weight → Overweight 08/29/2023 1.55% Citigroup $39 → $40 Upgrades Neutral → Buy 08/22/2023 9.16% Oppenheimer → $43 Reiterates Outperform → Outperform 08/03/2023 11.7% Morgan Stanley $44 → $44 Reiterates Overweight → Overweight 07/27/2023 -0.99% Citigroup $42 → $39 Maintains Neutral 07/26/2023 -8.61% Goldman Sachs $41 → $36 Maintains Neutral 07/26/2023 6.63% Raymond James $51 → $42 Maintains Outperform 07/20/2023 -8.61% Wells Fargo $40 → $36

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MongoDB, Inc. (NASDAQ: MDB) Stock Analyst Ratings

/ / Technology /

MongoDB, Inc. (NASDAQ: MDB) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/04/2024 11.9% UBS $475 → $410 Downgrades Buy → Neutral 12/06/2023 14.63% Mizuho $330 → $420 Maintains Neutral 12/06/2023 29.64% RBC Capital $445 → $475 Maintains Outperform 12/06/2023 30.46% Barclays $470 → $478 Maintains Overweight 12/06/2023 35.1% Needham $445 → $495 Maintains Buy 12/06/2023 36.46% Piper Sandler $425 → $500 Maintains Overweight 12/04/2023 22.82% Stifel → $450 Reiterates Buy → Buy 11/16/2023 36.46% Wells Fargo → $500 Initiates Coverage On → Overweight 11/13/2023 17.36% Truist Securities → $430 Reiterates Buy → Buy 11/08/2023 16.54% Capital One → $427 Upgrades Equal-Weight → Overweight 10/23/2023 20.09% Keybanc $495 → $440 Maintains Overweight 10/12/2023 22.82% B of A Securities → $450 Initiates Coverage On → Buy 10/10/2023 -8.57% Scotiabank → $335 Initiates Coverage On → Sector Perform 10/06/2023 35.1% Tigress Financial $490 →

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Micron Technology (NASDAQ:MU) Stock Analyst Ratings

/ / Technology /

Micron Technology (NASDAQ:MU) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/04/2024 13.03% Piper Sandler $70 → $95 Upgrades Neutral → Overweight 12/21/2023 18.98% Evercore ISI Group $90 → $100 Maintains Outperform 12/21/2023 13.03% Wells Fargo $82 → $95 Maintains Overweight 12/21/2023 7.08% Raymond James $82 → $90 Maintains Outperform 12/21/2023 13.03% Wedbush → $95 Reiterates Outperform → Outperform 12/21/2023 66.57% Rosenblatt $100 → $140 Maintains Buy 12/21/2023 18.98% B of A Securities $95 → $100 Maintains Buy 12/21/2023 -4.82% Stifel $76 → $80 Maintains Hold 12/21/2023 13.03% UBS $90 → $95 Maintains Buy 12/21/2023 -11.06% Morgan Stanley $71.5 → $74.75 Maintains Underweight 12/21/2023 24.93% JP Morgan $90 → $105 Maintains Overweight 12/21/2023 13.03% Citigroup $88 → $95 Maintains Buy 12/21/2023 18.98% Needham $85 → $100 Maintains Buy 12/21/2023 7.08% Deutsche Bank $85 → $90 Maintains Buy 12/21/2023 13.03% Mizuho $86 →

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