Accenture Expands Digital Transformation Capabilities for Italy’s Public Sector With Acquisition of Customer Management IT and SirfinPA

/ / Industrials /

Accenture Expands Digital Transformation Capabilities for Italy’s Public Sector with Acquisition of Customer Management IT and SirfinPA MILAN & NEW YORK–(BUSINESS WIRE)–December 22, 2023– Accenture (NYSE: ACN) has signed an agreement to acquire Customer Management IT and SirfinPA, a pair of jointly-owned Italian technology consultancies supporting the public sector and specializing in justice and public safety. The acquisition aligns with Accenture’s focus on helping Italian public service organizations build their digital core and deliver enhanced services to the citizens they serve. Founded in 2010, with offices in Rome, Naples and Cosenza, Customer Management IT and SirfinPA are leading players within the Italian IT sector. Recognized for their work across the country’s national justice ecosystem, Customer Management IT and SirfinPA have supported the Italian Ministry of Justice by building and supporting technology applications in the central criminal justice department and have provided digital infrastructure for trials. With a multidisciplinary staff of […]

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Netflix, Inc. (NASDAQ: NFLX) Stock Analyst Ratings

/ / Consumer Discretionary /

Netflix, Inc. (NASDAQ: NFLX) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 12/22/2023 1.33% DZ Bank → $495 Downgrades Buy → Hold 12/21/2023 7.47% Wedbush → $525 Reiterates Outperform → Outperform 12/18/2023 12.59% Morgan Stanley $475 → $550 Maintains Overweight 10/19/2023 -2.76% Morgan Stanley $430 → $475 Upgrades Equal-Weight → Overweight 10/19/2023 -1.74% JP Morgan $455 → $480 Maintains Overweight 10/19/2023 -5.83% Guggenheim → $460 Reiterates Buy → Buy 10/19/2023 7.47% Wedbush → $525 Reiterates Outperform → Outperform 10/19/2023 -4.81% Truist Securities $430 → $465 Upgrades Hold → Buy 10/19/2023 -2.76% Oppenheimer $470 → $475 Maintains Outperform 10/19/2023 -17.3% Rosenblatt $400 → $404 Maintains Neutral 10/19/2023 4.4% Keybanc → $510 Upgrades Sector Weight → Overweight 10/17/2023 -11.97% Truist Securities $485 → $430 Maintains Hold 10/16/2023 -33.47% Benchmark → $325 Reiterates Sell → Sell 10/13/2023 — Wolfe Research Downgrades Outperform → Peer Perform

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Nike (NYSE:NKE) Analyst Ratings Analyst Ratings

/ / Consumer Discretionary /

Nike (NYSE:NKE) Analyst Ratings Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 12/22/2023 18.08% Deutsche Bank $132 → $128 Maintains Buy 12/19/2023 19.93% Raymond James $121 → $130 Maintains Outperform 12/15/2023 29.15% Telsey Advisory Group $128 → $140 Maintains Outperform 12/12/2023 19.93% DZ Bank → $130 Upgrades Hold → Buy 12/11/2023 24.54% Citigroup $100 → $135 Upgrades Neutral → Buy 12/05/2023 28.23% Goldman Sachs → $139 Assumes → Buy 11/17/2023 -0.37% Truist Securities → $108 Initiates Coverage On → Hold 11/07/2023 14.39% Evercore ISI Group → $124 Initiates Coverage On → Outperform 10/06/2023 4.24% RBC Capital → $113 Reiterates Outperform → Outperform 09/29/2023 -15.13% Williams Trading $91 → $92 Upgrades Sell → Hold 09/29/2023 1.48% BMO Capital $120 → $110 Maintains Outperform 09/29/2023 16.24% Morgan Stanley $126 → $126 Reiterates Overweight → Overweight 09/29/2023 10.7% TD Cowen $117 → $120 Maintains Outperform 09/29/2023

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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 12/22/2023 — Edward Jones Upgrades Hold → Buy 11/22/2023 8.26% Oppenheimer → $215 Reiterates Outperform → Outperform 11/22/2023 -11.88% Piper Sandler $190 → $175 Maintains Neutral 11/22/2023 5.75% Susquehanna $215 → $210 Maintains Positive 11/22/2023 5.75% UBS $200 → $210 Maintains Buy 11/22/2023 3.73% Truist Securities $213 → $206 Maintains Buy 11/22/2023 10.28% Morgan Stanley $225 → $219 Maintains Overweight 11/17/2023 13.3% Morgan Stanley $176 → $225 Upgrades Equal-Weight → Overweight 11/13/2023 0.71% UBS $210 → $200 Maintains Buy 10/11/2023 -11.38% Morgan Stanley $185 → $176 Maintains Equal-Weight 09/18/2023 8.26% Susquehanna → $215 Reiterates Positive → Positive 08/24/2023 8.26% Susquehanna $225 → $215 Maintains Positive 08/24/2023 -11.88% Wells Fargo $185 → $175 Maintains Equal-Weight 08/24/2023 5.75% Baird $235 → $210 Maintains Outperform 08/24/2023 5.75% UBS $215 → $210 Maintains Buy

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Tesla (NASDAQ:TSLA) Stock Analyst Ratings

/ / Consumer Discretionary /

Tesla (NASDAQ:TSLA) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 12/22/2023 37.08% Wedbush $310 → $350 Maintains Outperform 12/18/2023 17.5% RBC Capital $301 → $300 Maintains Outperform 12/15/2023 -48.3% Guggenheim $125 → $132 Maintains Sell 12/14/2023 1.83% Deutsche Bank $275 → $260 Maintains Buy 12/01/2023 -7.96% Goldman Sachs $235 → $235 Maintains Neutral 12/01/2023 21.42% Wedbush → $310 Reiterates Outperform → Outperform 11/30/2023 48.83% Morgan Stanley $380 → $380 Maintains Overweight 11/30/2023 -11.48% Truist Securities $226 → $226 Maintains Hold 11/28/2023 21.42% Wedbush → $310 Reiterates Outperform → Outperform 11/20/2023 -17.75% Jefferies $250 → $210 Maintains Hold 11/19/2023 15.54% Piper Sandler $290 → $295 Maintains Overweight 11/14/2023 48.83% Morgan Stanley $380 → $380 Maintains Overweight 11/14/2023 -7.96% Goldman Sachs $235 → $235 Maintains Neutral 11/09/2023 -42.82% HSBC → $146 Initiates Coverage On → Reduce 10/19/2023 -47.13% JP Morgan $135 → $135 Maintains

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Tesla’s Stock Can Rise to $1 Trillion Market Value in 2024, Analyst Says

/ / Consumer Discretionary /

By Tomi Kilgore Wedbush’s Dan Ives boosts price target on Tesla’s stock to $350, sees further EV share gains Tesla Inc. is poised to join the trillion-dollar club next year, defying growing Wall Street skepticism regarding electric vehicle demand, according to Wedbush analyst Dan Ives. The longtime bull on Tesla TSLA said the bear case on the company was that demand was eroding at a time when competition around the world was increasing. “Instead, Musk made a poker move for the ages and cut prices globally with China front and center to catalyze volumes/units which should now impressively be in the 1.8 million range for 2023,” the prolific analyst wrote in a note to clients. Ives reiterated the outperform rating he’s had on the stock for years, raising his 12-month price target to $350 from $310. The new target implies a market capitalization of $1.11 trillion at current share counts.

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Nike Cuts Full-Year Revenue Outlook Amid Lower Demand; Shares Down 12% Pre-Bell

/ / Consumer Discretionary /

Nike (NKE) said Thursday it now expects full fiscal year revenue to be up 1%, cutting its previous guidance of mid-single-digit percentage growth as it cites a slowdown in demand and a highly promotional environment. The company said it plans to save $2 billion in costs over the next three years by simplifying its product assortment, streamlining supply chains and reducing management layers, among other initiatives. Nike posted fiscal Q2 adjusted diluted EPS of $1.03 on revenue of $13.39 billion, higher than $0.85 on $13.32 billion a year earlier. Analysts polled by Capital IQ had expected $0.85 on $13.43 billion. However, Nike Chief Financial Officer Matthew Friend said in an earnings call that the company is “seeing indications of more cautious consumer behavior around the world in an uneven macro environment.” Nike shares fell 12.2% in recent Friday premarket activity. Price: 106.92, Change: -15.61, Percent Change: -12.74

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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 12/21/2023 3.63% Wedbush → $2400 Downgrades Outperform → Neutral 12/07/2023 5.79% Raymond James $2100 → $2450 Maintains Outperform 12/01/2023 4.71% RBC Capital $2185 → $2425 Maintains Outperform 10/27/2023 -5.01% TD Cowen → $2200 Reiterates Outperform → Outperform 10/27/2023 -10.62% Morgan Stanley $2010 → $2070 Maintains Equal-Weight 10/27/2023 0.6% Stephens & Co. → $2330 Reiterates Overweight → Overweight 10/27/2023 -2.85% Keybanc $2200 → $2250 Maintains Overweight 10/24/2023 -1.55% Truist Securities → $2280 Reiterates Buy → Buy 10/23/2023 -19.47% Barclays $1950 → $1865 Maintains Equal-Weight 10/20/2023 -5.01% Wedbush → $2200 Reiterates Outperform → Outperform 10/19/2023 2.55% Deutsche Bank → $2375 Initiates Coverage On → Buy 10/18/2023 -9.33% Raymond James $2300 → $2100 Maintains Outperform 10/11/2023 0.6% Stephens & Co. $2400 → $2330 Maintains Overweight 10/11/2023 -2.42% Citigroup $2391 → $2260

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Apple Vision Pro Could Be Ready by February: Report

/ / Technology /

Apple Inc. (AAPL) is ramping up production of the Vision Pro mixed-reality headset for a launch by February. Production of the $3,499 headset, which would compete with products from Meta Platforms Inc. (META) and Microsoft Corp. (MSFT) , is proceeding quickly at facilities in China, according to a Bloomberg report citing people with knowledge of the matter. Apple’s plan is for the Vision Pro to be ready at retail outlets by February, the people said. -Jon Swartz

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Micron Technology Q1 Results Indicate Improvement But Challenges Remain, Morgan Stanley Says

/ / Technology /

Micron Technology’s (MU) fiscal Q1 results indicate some improvement from the company’s recent underperformance, Morgan Stanley said in a note on Thursday. “This quarter makes us feel better about some of the Micron-specific earnings underperformance of late, though it does not convince us that we are back at peak earnings in CY25,” the investment firm said. The note said that “low realized price increases in November (up low single digits) do leave more room for pent-up price increases in May.” But there may also be “supply demand challenges for 2024, as DRAM shipments in 2h23 were not strong enough to give us conviction on next year,” the investment firm said. Morgan Stanley raised its price target on Micron to $74.75 from $71.50 while keeping its underweight rating. “Our through-cycle earnings expectations have not changed, and reflect a premium to trailing 5 years earnings, but we are raising the multiple given

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Salesforce Likely to Achieve Accelerated Revenue Growth in FY25, Exceeding Investor Expectations, Morgan Stanley Says

/ / Technology /

Salesforce (CRM) is expected to achieve accelerated revenue growth through fiscal-year 2025, exceeding investor expectations, Morgan Stanley said in a note e-mailed Thursday. “We see several vectors for Salesforce to drive top-line upside versus muted investor growth expectations, yielding accelerating revenue growth through FY25,” Morgan Stanley said. Investors have modest expectations, but the possibility of increased prices, bundled products, and widespread adoption of data cloud present an appealing balance of risk and reward for Salesforce. Although the surge in GenAI applications might take over a year to materialize, data cloud will likely prove a bridge to better growth in 2024, Morgan Stanley said. Despite a solid and improving positioning for generative AI, the stock continues to trade at a discount to large cap software peers on a growth-adjusted GAAP earnings basis, presenting a “compelling risk-reward ahead,” it added. Morgan Stanley upgraded Salesforce to overweight and increased its price target to

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