Wedbush analyst Scott Devitt maintains Amazon.com (NASDAQ:AMZN) with a Outperform and raises the price target from $180 to $210.
Wedbush raises Amazon.com (NASDAQ:AMZN) price target from $180 to $210 Read Post »
Eli Lilly Company (NYSE: LLY) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 12/21/2023 6.79% Daiwa Capital → $610 Downgrades Buy → Outperform 11/29/2023 13.79% Truist Securities → $650 Reiterates Buy → Buy 11/20/2023 10.29% Cantor Fitzgerald → $630 Reiterates Overweight → Overweight 11/17/2023 10.29% Cantor Fitzgerald → $630 Reiterates Overweight → Overweight 11/15/2023 10.29% Cantor Fitzgerald → $630 Reiterates Overweight → Overweight 11/09/2023 -6.34% Deutsche Bank → $535 Initiates Coverage On → Hold 11/08/2023 — JP Morgan Reiterates → Overweight 11/03/2023 26.39% Morgan Stanley $673 → $722 Maintains Overweight 10/23/2023 18.16% Citigroup $525 → $675 Maintains Buy 10/23/2023 10.29% Cantor Fitzgerald → $630 Reiterates Overweight → Overweight 10/20/2023 24.29% UBS $612 → $710 Assumes Buy → Buy 10/11/2023 17.81% Morgan Stanley $640 → $673 Maintains Overweight 10/09/2023 10.29% Cantor Fitzgerald → $630 Reiterates Overweight → Overweight 10/09/2023 13.79% Wells Fargo $615
Eli Lilly Company (NYSE: LLY) Stock Analyst Ratings Read Post »
Wedbush analyst Daniel Ives reiterates Apple (NASDAQ:AAPL) with a Outperform and maintains $250 price target.
Wedbush maintains Apple (NASDAQ:AAPL) $250 price target Read Post »
Home Depot (NYSE: HD) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 12/20/2023 0.41% Stifel $306 → $355 Maintains Hold 12/08/2023 0.7% Truist Securities $340 → $356 Maintains Buy 11/15/2023 -3.83% Guggenheim $360 → $340 Maintains Buy 11/15/2023 -15.43% RBC Capital $303 → $299 Maintains Sector Perform 11/15/2023 1.83% Oppenheimer → $360 Reiterates Outperform → Outperform 11/15/2023 -3.83% Truist Securities $341 → $340 Maintains Buy 11/15/2023 -5.24% Morgan Stanley $350 → $335 Maintains Overweight 11/15/2023 -8.07% Telsey Advisory Group → $325 Reiterates Market Perform → Market Perform 11/13/2023 -13.45% Stifel $350 → $306 Maintains Hold 11/07/2023 -14.3% RBC Capital → $303 Initiates Coverage On → Sector Perform 11/07/2023 -8.07% Telsey Advisory Group $330 → $325 Maintains Market Perform 10/05/2023 -3.55% Truist Securities $372 → $341 Maintains Buy 10/04/2023 -6.66% Telsey Advisory Group $335 → $330 Maintains Market Perform 09/22/2023 3.24% HSBC →
Home Depot (NYSE: HD) Stock Analyst Ratings Read Post »
Accenture (NYSE:ACN) stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 12/20/2023 7.07% UBS $333 → $365 Maintains Neutral 12/14/2023 5.6% Wedbush $330 → $360 Maintains Outperform 11/16/2023 20.27% Redburn Atlantic → $410 Initiates Coverage On → Buy 11/07/2023 -2.32% UBS → $333 Initiates Coverage On → Neutral 09/29/2023 -0.26% RBC Capital → $340 Reiterates Outperform → Outperform 09/29/2023 2.67% BMO Capital $360 → $350 Maintains Market Perform 09/29/2023 -12% TD Cowen $312 → $300 Maintains Market Perform 09/29/2023 -5.54% Baird $332 → $322 Maintains Neutral 09/29/2023 -12% Piper Sandler $312 → $300 Maintains Neutral 09/27/2023 5.6% BMO Capital $355 → $360 Maintains Market Perform 09/26/2023 -3.2% Wedbush → $330 Reiterates Outperform → Outperform 09/22/2023 -8.48% Piper Sandler $314 → $312 Maintains Neutral 09/18/2023 5.02% Citigroup $358 → $358 Maintains Buy 09/12/2023 -8.48% TD Cowen $300 → $312 Maintains Market Perform 09/12/2023 4.14%
Accenture (NYSE:ACN) stock Analyst Ratings Read Post »
Embattled Boeing supplier Spirit AeroSystems Holdings caught an upgrade. It isn’t a bullish call, but there is one compelling thing about its shares that investors should consider. On Wednesday, Morgan Stanley analyst Kristine Liwag upgraded shares of Spirit Aero to Hold from Sell. She raised her price target to $35 a share from $22. It isn’t a Buy, but any upgrade is a relief for Spirit Aero investors. Things have been incredibly difficult for the fuselage supplier in recent years. Shares are down about 65% from April 2019, just after the Boeing 737 MAX was grounded worldwide following two deadly crashes. After the MAX grounding came Covid-19, which reduced demand for air travel. Spirit Aero has used more than $1 billion since the MAX grounding just to keep its business afloat. Free cash flow is expected to return in 2024. That and improving demand for air travel prompted the ratings
Blackstone (NYSE:BX) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 12/20/2023 16.36% Piper Sandler → $150 Assumes → Overweight 10/20/2023 -18.55% Oppenheimer $107 → $105 Maintains Outperform 10/20/2023 -12.34% Wells Fargo $118 → $113 Maintains Overweight 10/20/2023 -27.08% BMO Capital $97 → $94 Maintains Market Perform 10/20/2023 -6.91% Morgan Stanley $125 → $120 Maintains Overweight 10/10/2023 -10.01% Barclays $110 → $116 Maintains Equal-Weight 10/06/2023 -12.34% HSBC → $113 Initiates Coverage On → Hold 09/05/2023 -3.03% Morgan Stanley $125 → $125 Reiterates Overweight → Overweight 07/24/2023 -13.12% Goldman Sachs $98 → $112 Maintains Buy 07/21/2023 -9.24% Oppenheimer $115 → $117 Maintains Outperform 07/21/2023 -3.03% Morgan Stanley $116 → $125 Maintains Overweight 07/21/2023 -24.75% BMO Capital $93 → $97 Maintains Market Perform 07/21/2023 -8.46% Wells Fargo $104 → $118 Maintains Overweight 07/21/2023 -13.89% JP Morgan $102 → $111 Downgrades Overweight → Neutral 07/21/2023 -9.24%
Blackstone (NYSE:BX) Stock Analyst Ratings Read Post »
Mastercard Inc. (NYSE: MA) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 12/20/2023 — Monness, Crespi, Hardt Initiates Coverage On → Neutral 12/12/2023 12.46% Jefferies $425 → $480 Maintains Buy 12/07/2023 15.97% Tigress Financial $476 → $495 Maintains Strong Buy 12/05/2023 11.29% BMO Capital → $475 Assumes → Outperform 10/31/2023 -1.6% Mizuho $435 → $420 Maintains Buy 10/30/2023 10.12% Barclays $479 → $470 Maintains Overweight 10/27/2023 1.21% RBC Capital $441 → $432 Maintains Outperform 10/27/2023 10.58% BMO Capital $488 → $472 Maintains Outperform 10/27/2023 2.85% Morgan Stanley $443 → $439 Maintains Overweight 10/27/2023 5.9% Raymond James $453 → $452 Maintains Outperform 10/27/2023 0.74% Keybanc $440 → $430 Maintains Overweight 10/18/2023 3.09% Keybanc $435 → $440 Maintains Overweight 10/13/2023 -0.66% HSBC → $424 Initiates Coverage On → Hold 10/12/2023 12.22% Barclays $480 → $479 Maintains Overweight 10/12/2023 8.94% Seaport Global → $465 Initiates
Mastercard Inc. (NYSE: MA) Stock Analyst Ratings Read Post »
Visa Inc. (NYSE:V) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 12/20/2023 — Monness, Crespi, Hardt Initiates Coverage On → Neutral 12/14/2023 17.22% UBS $295 → $305 Maintains Buy 12/12/2023 13.37% Jefferies $280 → $295 Maintains Buy 12/05/2023 7.61% BMO Capital → $280 Initiates Coverage On → Outperform 10/31/2023 -6.61% Mizuho $240 → $243 Maintains Neutral 10/30/2023 6.84% Barclays $285 → $278 Maintains Overweight 10/25/2023 3.77% Wedbush → $270 Reiterates Outperform → Outperform 10/25/2023 10.3% Raymond James $284 → $287 Maintains Outperform 10/18/2023 -3.15% Oppenheimer $248 → $252 Maintains Outperform 10/18/2023 5.69% Keybanc $265 → $275 Maintains Overweight 10/13/2023 2.23% HSBC → $266 Initiates Coverage On → Hold 10/12/2023 9.53% Barclays $287 → $285 Maintains Overweight 10/12/2023 — Seaport Global Initiates Coverage On → Neutral 10/09/2023 12.61% JP Morgan $296 → $293 Maintains Overweight 09/14/2023 9.15% Baird → $284 Reiterates Outperform →
Visa Inc. (NYSE:V) Stock Analyst Ratings Read Post »
FedEx’s (FDX) mixed guidance trends signal a “lack of earnings visibility” while its fiscal Q3 commentary points to a “challenging” Q4, Morgan Stanley said in a Wednesday note. The company reported fiscal Q2 non-GAAP diluted earnings Tuesday of $3.99 per share, up from $3.18 a year earlier, while revenue declined to $22.2 billion from $22.8 billion. For the full fiscal year, FedEx expects revenue to decline by a low-single-digit percentage, compared with its prior forecast of flat revenue growth. Morgan Stanley said fiscal Q2 earnings missed Street estimates, as expected, and that the quarter’s results demonstrate the challenge that the revenue versus cost dynamic presents. The investment firm said pressures on the company’s revenue outweigh the gains from its DRIVE cost-cutting program. “We believe FDX is an idiosyncratic revenue story rather than an idiosyncratic cost story like the market believes,” said Morgan Stanley. According to the firm, savings from the
FedEx’s Mixed Guidance Trends Signal ‘Lack of Earnings Visibility,’ Says Morgan Stanley Read Post »
The timing of FactSet’s (FDS) earnings guidance revision is surprising given the company typically revisits its forecast in its fiscal second quarter, RBC Capital Markets said in a note emailed Wednesday. FactSet on Tuesday lowered its fiscal 2024 adjusted earnings guidance to between $15.60 and $16 per diluted share from $15.65 to $16.15 per share anticipated previously. It also lowered its revenue guidance to a range of $2.20 billion to $2.21 billion from $2.21 billion to $2.23 billion previously. Given the limited visibility, the guidance is likely not fully de-risked, RBC Capital noted. While FactSet still views its fiscal second half pipeline favorably, it does face a number of headwinds in the form of pricing pressure and delayed decision-making by clients due to budget constraints, the firm said. RBC Capital maintained its Sector Perform rating on the stock with a price target of $464.
Timing of FactSet’s Earnings Guidance Revision Surprising, RBC Capital Markets Says Read Post »
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 target price by $10 to $52, 10.2x our 2024 EPS estimate, below the three-year historic average of 11.7x given stagnant growth expectations. We decrease our 2023 EPS view by $0.05 to $5.19 and raise 2024’s by $0.04 to $5.12. After trading relatively flat through the first 10 months of 2023, shares have surged in recent weeks and now sit 21% higher for the year. Still, we view the recent rally as reasonable as falling long-term interest rates and decreasing recessionary odds justify a higher multiple, in our view. WFC is more exposed to commercial real estate office loans (3.4% of total loans) than its large bank peers and clear credit deterioration has been identified in recent quarters with further degradation expected in Q4. However,
CFRA Retains Hold Opinion On Shares Of Wells Fargo & Company Read Post »