UBS analyst Jon Rigby maintains Exxon Mobil (NYSE:XOM) with a Buy and lowers the price target from $138 to $133.
UBS lowers Exxon Mobil (NYSE:XOM) price target from $138 to $133 Read Post »
Exxon Mobil (NYSE:XOM) Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 12/14/2023 30.67% UBS $138 → $133 Maintains Buy 12/08/2023 24.78% JP Morgan $134 → $127 Maintains Overweight 12/07/2023 17.9% RBC Capital → $120 Reiterates Sector Perform → Sector Perform 11/14/2023 30.67% Mizuho $139 → $133 Maintains Buy 11/02/2023 39.52% UBS $143 → $142 Maintains Buy 10/25/2023 31.66% JP Morgan $137 → $134 Maintains Overweight 10/17/2023 37.55% Bernstein → $140 Initiates Coverage On → Outperform 10/12/2023 42.46% Jefferies $140 → $145 Maintains Buy 10/12/2023 17.9% RBC Capital → $120 Reiterates Sector Perform → Sector Perform 10/12/2023 28.71% Truist Securities $110 → $131 Upgrades Hold → Buy 10/04/2023 40.5% UBS $139 → $143 Maintains Buy 10/02/2023 31.66% Morgan Stanley $131 → $134 Maintains Overweight 09/25/2023 36.57% Mizuho → $139 Reiterates Buy → Buy 09/25/2023 28.71% Morgan Stanley $124 → $131 Maintains Overweight 09/22/2023 27.73%
Exxon Mobil (NYSE:XOM) Analyst Ratings Read Post »
Tesla (NASDAQ:TSLA) Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 12/15/2023 -47.71% Guggenheim $125 → $132 Maintains Sell 12/14/2023 3% Deutsche Bank $275 → $260 Maintains Buy 12/01/2023 22.81% Wedbush → $310 Reiterates Outperform → Outperform 11/28/2023 22.81% Wedbush → $310 Reiterates Outperform → Outperform 11/20/2023 -16.8% Jefferies $250 → $210 Maintains Hold 11/09/2023 -42.16% HSBC → $146 Initiates Coverage On → Reduce 10/19/2023 -50.48% Guggenheim → $125 Reiterates Sell → Sell 10/19/2023 -66.33% Roth MKM → $85 Reiterates Neutral → Neutral 10/19/2023 1.02% Citigroup $271 → $255 Maintains Neutral 10/19/2023 22.81% Wedbush $350 → $310 Maintains Outperform 10/19/2023 50.55% Morgan Stanley $400 → $380 Maintains Overweight 10/19/2023 -0.96% Wells Fargo $260 → $250 Maintains Equal-Weight 10/16/2023 14.89% Piper Sandler $300 → $290 Maintains Overweight 10/16/2023 38.66% Wedbush → $350 Reiterates Outperform → Outperform 10/11/2023 7.36% Citigroup $278 → $271 Maintains Neutral 10/10/2023
Tesla (NASDAQ:TSLA) Analyst Ratings Read Post »
Guggenheim analyst Ronald Jewsikow maintains Tesla (NASDAQ:TSLA) with a Sell and raises the price target from $125 to $132.
Guggenheim raises Tesla (NASDAQ:TSLA) price target from $125 to $132 Read Post »
Costco Wholesale (COST) reported “solid” earnings per share growth in fiscal Q1 despite below-average comparable sales, but its special dividend could potentially impact fiscal year 2024 EPS, Morgan Stanley said in a note to clients Friday. Costco’s earnings before interest and taxes still grew 7.6%, while its EPS jumped over 12% in the quarter, roughly in line with pre-COVID-19 pandemic levels. US comparable sales of 2.6% and total comparable sales of 3.9%, excluding gasoline, were below the average of 5% from 2016 to 2019, according to the note. Morgan Stanley analysts said that fiscal 2024 comparable sales and EBIT estimates “look safe” and they don’t expect analysts’ forecasts of 4.3% in comparable sales growth and $8.9 billion in EBIT to “significantly change.” The retailer’s special dividend of $15 per share, which is the highest special dividend set in more than a decade, is expected to reduce the company’s cash balance
Nike’s (NKE) shift from a wholesaler to a direct-to-consumer brand is spurring its next phase of margin-accretive revenue growth, , Morgan Stanley said in a Friday note. The company is also poised to benefit from growing demand for comfortable activewear due to work-from-home preferences and focus on health and wellness. Nike’s “strategic portfolio decisions, tech investments, and supply chain innovation also create (long-term) competitive advantages, and are further supported by an industry-leading balance sheet,” it said. The company, however, is unlikely to deliver on its long-term growth and profitability targets until fiscal Q4, Morgan Stanley said. Nike’s fiscal Q2 revenue could miss expectations given ongoing softness in the wholesale business that has also resulted in lower-than-expected quarterly sales by many branded peers, unexpected weather-related headwinds in the EMEA region and a challenging global macro environment, it said. While the company is expected to maintain full-year profitability and earnings guidance, “we’re
Nike Poised to Gain From Transition, Demand for Activewear, Morgan Stanley 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 lift our 12-month target price to $202 from $171 on 2024 EV/EBITDA of 18.5x, a discount to HLT’s five-year average forward EV/EBITDA of 22.5x, justified by the risk of continued softness in net rooms growth. We keep our 2023 EPS view of $6.10, but raise 2024’s to $7.06 from $6.96. Despite the recent run-up in HLT’s share price, we think there is still further upside potential for shares given the Fed’s pivot to a more dovish stance. We believe that the anticipated interest rate cuts factored into the market currently could bolster consumer confidence and encourage more discretionary spending on travel. Simultaneously, this should enhance developers’ ability to secure financing, fostering accelerated net rooms growth for HLT and the broader hotel industry. As a result, this
CFRA Maintains Buy Opinion On Shares Of Hilton Worldwide Holdings Inc. Read Post »
Costco Wholesale (COST) reported fiscal Q1 earnings Thursday of $3.58 per diluted share, up from $3.07 a year earlier. Analysts surveyed by Capital IQ expected $3.42. Revenue for the quarter ended Nov. 26 was $57.80 billion, up from $54.44 billion a year earlier. Analysts surveyed by Capital IQ expected $57.79 billion. The company said its board set a special dividend of $15 per share, payable Jan. 12 to shareholders of record on Dec. 28.
Costco Wholesale’s Fiscal Q1 Earnings, Revenue Rise Read Post »
The following is a summary of the Costco Wholesale Corporation (COST) Q1 2024 Earnings Call Transcript: Financial Performance: Costco’s reported net income for Q1 2024 increased to $1.589 billion or $3.58 per share. The company saw a 6.1% increase in net sales to $56.72 billion from last year’s $53.44 billion. There was a tax benefit of $44 million or $0.10 a share included in this year’s results related to stock-based compensation. Membership fee income for the quarter increased by 8.2% to $1.082 billion. Renewal rates for the memberships have shown a positive trend with U.S. and Canada renewal rate standing at 92.8% and the worldwide rate at 90.5%. For this quarter, the net income was up by 16.5% year-over-year. Business Progress: For FY ’24, plans are underway to open 33 new locations, indicating a significant increase from the 23 opened in FY ’23. E-commerce sales presented an area of growth,
Costco Wholesale Corporation (COST) Q1 2024 Earnings Call Transcript Summary Read Post »
Boeing (NYSE:BA) Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 12/15/2023 23.19% UBS $275 → $315 Maintains Buy 12/12/2023 — William Blair Initiates Coverage On → Outperform 12/06/2023 -8.1% Barclays $210 → $235 Maintains Equal-Weight 12/01/2023 3.64% Stifel → $265 Initiates Coverage On → Buy 11/28/2023 7.55% RBC Capital $200 → $275 Upgrades Sector Perform → Outperform 11/20/2023 5.59% Deutsche Bank → $270 Upgrades Hold → Buy 11/01/2023 — Goldman Sachs Maintains Buy 10/31/2023 -15.13% Northcoast Research → $217 Upgrades Neutral → Buy 10/26/2023 -21.78% RBC Capital $210 → $200 Maintains Sector Perform 10/26/2023 5.98% Citigroup $285 → $271 Maintains Buy 10/26/2023 -13.96% Morgan Stanley $235 → $220 Maintains Equal-Weight 10/11/2023 7.55% UBS → $275 Initiates Coverage On → Buy 10/03/2023 -10.05% Wells Fargo $270 → $230 Maintains Overweight 09/28/2023 -20.22% Deutsche Bank → $204 Initiates Coverage On → Hold 09/18/2023 5.59% Susquehanna
Boeing (NYSE:BA) Analyst Ratings Read Post »
CrowdStrike (NASDAQ:CRWD) Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 12/15/2023 8.35% Mizuho $225 → $275 Maintains Buy 12/11/2023 5.98% JP Morgan $230 → $269 Maintains Overweight 11/30/2023 -12.53% Goldman Sachs $195 → $222 Maintains Buy 11/29/2023 -9.38% Truist Securities → $230 Reiterates Buy → Buy 11/29/2023 -11.35% Mizuho $205 → $225 Maintains Buy 11/29/2023 -5.44% Stifel $225 → $240 Maintains Buy 11/29/2023 -7.41% JMP Securities → $235 Reiterates Market Outperform → Market Outperform 11/29/2023 -20.02% Morgan Stanley $187 → $203 Maintains Equal-Weight 11/29/2023 -5.44% Canaccord Genuity $221 → $240 Maintains Buy 11/29/2023 -3.47% Piper Sandler $210 → $245 Maintains Overweight 11/29/2023 -5.44% Cantor Fitzgerald $180 → $240 Maintains Overweight 11/29/2023 -6.23% BMO Capital $227 → $238 Maintains Outperform 11/29/2023 -21.2% Wedbush → $200 Reiterates Outperform → Outperform 11/29/2023 -5.44% Oppenheimer $215 → $240 Maintains Outperform 11/29/2023 -9.38% JP Morgan $210 → $230
CrowdStrike (NASDAQ:CRWD) Analyst Ratings Read Post »
US private-sector activity signaled “modest” expansion in December led by the services component, while output expectations over the coming year improved, according to S&P Global’s (SPGI) flash purchasing managers’ index released Friday. The composite output index this month rose to 51 — a five-month high — from 50.7 in November, topping the 50.5 consensus in a survey complied by Bloomberg. The 50-point mark separates expansion from contraction. Services sector output rose to a five-month high of 51.3 in December from 50.8 last month, while the manufacturing PMI fell to a four month-low of 48.2 from 49.4. Wall Street was looking for 50.7 and 49.5, respectively. “Looser financial conditions have helped boost demand, business activity and employment in the service sector, and have also helped lift future output expectations higher,” S&P Global Market Intelligence Chief Business Economist Chris Williamson said. “However, the increased cost of living and cautious approach to spending
December Private-Sector Activity Signals ‘Modest’ Expansion, S&P Global Survey Shows Read Post »