Goldman Sachs analyst Richard Ramsden maintains Citigroup (NYSE:C) with a Neutral and raises the price target from $47 to $52.
Goldman Sachs raises Citigroup (NYSE:C) price target from $47 to $52 Read Post »
Goldman Sachs analyst Richard Ramsden maintains Morgan Stanley (NYSE:MS) with a Buy and raises the price target from $89 to $100.
Goldman Sachs raises Morgan Stanley (NYSE:MS) price target from $89 to $100 Read Post »
Morgan Stanley (NYSE:MS) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 12/19/2023 9.59% Goldman Sachs $89 → $100 Maintains Buy 11/28/2023 -12.33% Societe Generale → $80 Downgrades Buy → Hold 11/20/2023 -6.85% Exane BNP Paribas → $85 Downgrades Outperform → Neutral 11/16/2023 12.88% Oppenheimer $98 → $103 Maintains Outperform 10/23/2023 -13.26% Odeon Capital → $79.15 Downgrades Buy → Hold 10/20/2023 — Wolfe Research Upgrades Underperform → Peer Perform 10/19/2023 6.3% Evercore ISI Group $102 → $97 Maintains Outperform 10/19/2023 10.68% BMO Capital $102 → $101 Maintains Outperform 10/19/2023 7.4% Oppenheimer $100 → $98 Maintains Outperform 10/11/2023 -7.95% UBS $110 → $84 Downgrades Buy → Neutral 10/05/2023 0.82% JP Morgan $93 → $92 Maintains Overweight 09/26/2023 9.59% Oppenheimer $105 → $100 Maintains Outperform 09/25/2023 -1.37% RBC Capital → $90 Reiterates Sector Perform → Sector Perform 09/07/2023 8.49% HSBC → $99 Initiates Coverage On
Morgan Stanley (NYSE:MS) Stock Analyst Ratings Read Post »
Piper Sandler Companies (NYSE:PIPR) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 12/19/2023 11.75% Goldman Sachs $171 → $193 Maintains Buy 10/30/2023 -1.56% JMP Securities → $170 Reiterates Market Outperform → Market Outperform 10/10/2023 -1.56% JMP Securities → $170 Reiterates Market Outperform → Market Outperform 07/31/2023 -1.56% JMP Securities → $170 Reiterates Market Outperform → Market Outperform 07/10/2023 -1.56% JMP Securities $174 → $170 Maintains Market Outperform 05/03/2023 0.75% JMP Securities → $174 Reiterates → Market Outperform 04/10/2023 0.75% JMP Securities $180 → $174 Maintains Market Outperform 03/29/2023 -13.14% Northland Capital Markets $160 → $150 Maintains Outperform 02/06/2023 -0.41% Goldman Sachs $153 → $172 Maintains Buy 02/06/2023 -7.35% Northland Capital Markets $135 → $160 Maintains Outperform 02/06/2023 4.23% JMP Securities $160 → $180 Maintains Market Outperform 01/10/2023 -7.35% JMP Securities $178 → $160 Maintains Market Outperform 07/12/2022 3.07% JMP Securities $182 →
Piper Sandler Companies (NYSE:PIPR) Stock Analyst Ratings Read Post »
Wells Fargo analyst Joe O’Dea maintains 3M (NYSE:MMM) with a Equal-Weight and raises the price target from $100 to $112.
Wells Fargo raises 3M (NYSE:MMM) price target from $100 to $112 Read Post »
3M (NYSE:MMM) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 12/19/2023 5.63% Wells Fargo $100 → $112 Maintains Equal-Weight 12/04/2023 0.91% Barclays $98 → $107 Upgrades Underweight → Equal-Weight 10/25/2023 -0.97% JP Morgan $104 → $105 Maintains Neutral 10/25/2023 -21.72% RBC Capital $85 → $83 Maintains Underperform 10/25/2023 -8.52% Citigroup $95 → $97 Maintains Neutral 10/25/2023 -7.57% Barclays $96 → $98 Maintains Underweight 10/09/2023 -10.4% Citigroup $111 → $95 Maintains Neutral 09/15/2023 2.8% HSBC → $109 Initiates Coverage On → Hold 08/31/2023 6.57% Morgan Stanley $102 → $113 Upgrades Underweight → Equal-Weight 08/29/2023 13.17% Mizuho → $120 Reiterates Neutral → Neutral 08/29/2023 — Wolfe Research Upgrades Underperform → Peer Perform 07/26/2023 -3.8% Morgan Stanley $100 → $102 Maintains Underweight 07/26/2023 4.69% Citigroup $100 → $111 Maintains Neutral 07/26/2023 -5.69% RBC Capital $95 → $100 Maintains Underperform 07/14/2023 -5.69% Morgan Stanley $100 →
3M (NYSE:MMM) Stock Analyst Ratings Read Post »
S&P 500 Q3 2023 Buybacks Up 6.1% and Impact to Earnings Per Share Continues to Decline; Buyback Tax Reduced Operating Earnings by 0.39% PR Newswire NEW YORK, Dec. 19, 2023 — S&P 500 Q3 2023 buybacks were $185.6 billion, up 6.1% from Q2 2023’s $174.9 billion and down 12.0% from Q3 2022’s $210.8 billion — The 12-month September 2023 expenditure of $787.3 billion was down 19.8% from the $981.6 billion expenditure of September 2022 — Financials pulled back again to $29.3 billion from $32.7 billion in Q2 2023 and $46.9 billion in Q1 2023; Information Technology ticked up to $48.6 billion from Q2’s $47.1 billion — Energy pulled back to $16.2 billion, representing 8.7% of all buybacks; whereas the sector represented 4.4% of the market value and had four issues in the top 20 for the quarter — The new net buyback 1% tax reduced Q3 2023 operating earnings by
Caterpillar (NYSE:CAT) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 12/19/2023 1.2% Stifel $285 → $293 Maintains Buy 11/20/2023 -13.65% HSBC → $250 Initiates Coverage On → Hold 11/08/2023 1.89% Tigress Financial $282 → $295 Maintains Buy 11/01/2023 -5.36% Goldman Sachs $315 → $274 Maintains Buy 10/16/2023 10.52% JP Morgan $315 → $320 Maintains Overweight 08/02/2023 3.62% Stifel $275 → $300 Maintains Buy 08/02/2023 8.8% JP Morgan $275 → $315 Maintains Overweight 08/02/2023 10.52% TD Cowen $287 → $320 Maintains Outperform 08/02/2023 -1.56% Wells Fargo $240 → $285 Maintains Equal-Weight 08/02/2023 11.56% B of A Securities $283 → $323 Maintains Buy 08/02/2023 15.36% Credit Suisse $279 → $334 Maintains Outperform 08/02/2023 8.8% Goldman Sachs $274 → $315 Maintains Buy 08/02/2023 -13.65% Barclays $225 → $250 Maintains Equal-Weight 08/02/2023 -19.18% Baird $183 → $234 Maintains Underperform 07/18/2023 -6.75% Citigroup $240 → $270 Maintains
Caterpillar (NYSE:CAT) Stock Analyst Ratings Read Post »
Stifel analyst Stanley Elliott maintains Caterpillar (NYSE:CAT) with a Buy and raises the price target from $285 to $293.
Stifel raises Caterpillar (NYSE:CAT) price target from $285 to $293 Read Post »
The following is a summary of the Accenture Plc (ACN) Q1 2024 Earnings Call Transcript: Financial Performance: Accenture reported Q1 bookings of $18.4 billion, a 12% growth in local currency, with 30 clients with bookines greater than $100 million. The company delivered Q1 revenue of $16.2 billion which shows a 1% growth in local currency. The operating margin expanded by 20 basis points and the adjusted EPS grew by 6%, despite continued investments in the business and its people. Free cash flow for the quarter was $430 million and the company returned $2 billion to shareholders through repurchases and dividends. Business Progress: Accenture reported 12 acquisitions this quarter, investing a total of $788 million in strategic areas across geographic markets. The company confirmed leadership in the AI industry, with generative AI contributing significantly to the growth of its clients. The company committed to investing $3 billion in AI over three
Accenture (NYSE:ACN) Stock Q1 2024 Earnings Call Transcript Summary 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 raise our 12-month target price by $35 to $545, 30.2x our FY 25 (Aug.) EPS estimate, which is higher than the company’s 10-year historical average of 26.4x, given strong growth prospects. We lower our FY 24 adjusted EPS by $0.17 to $16.18 and reduce FY 25’s by $0.07 to $18.06. FDS reported Nov-Q adjusted EPS of $4.12 vs. $3.99, $0.01 above consensus on revenue that came in at consensus. Top-line growth of 7% was led by acceleration in the Americas (+8%), while deceleration was identified in EMEA (+7%) and Asia-Pacific (+7%). However, this was accompanied by an 8% increase in employee costs and 70 bps of adjusted operating margin compression to 37.6%. User retention remained unchanged at a healthy 95%. We continue to believe FDS offers
CFRA Retains Buy Opinion On Shares Of Factset Research Systems Inc. Read Post »
Adobe’s (ADBE) decision to terminate its deal with design platform Figma might have been the preferred choice of investors as it could free up cash for more aggressive share buybacks, UBS said in a note emailed Tuesday. While Adobe announced in 2022 that it would buy Figma in a cash-and-stock deal valued at $20 billion at the time, the recent increase in Adobe’s shares put the deal price at around $26 billion, analysts Karl Keirstead and Seth Gilbert wrote. “We believe that most investors preferred that the deal not close,” the analysts said, reiterating a neutral rating and $600 price target on the stock. Shares of Adobe closed up 2.5% on Monday after the companies terminated the deal due to regulatory hurdles in the European Union and UK. Adobe paid $1 billion in termination fee to Figma. The former has about $10 billion of cash that it can now use
Adobe’s Terminated Figma Deal May Free Up Cash For More Aggressive Buybacks, UBS Says Read Post »