Boeing Co (NYSE:BA) suspended deliveries of the 787 aircraft due to documentation issues

/ / Industrials /

According to the Federal Aviation Administration and industry insiders, Boeing Co. (NYSE:BA) has stopped deliveries of the 787 Dreamliner due to documentation issues. Aeronautical data provider Ascend by Cirium said Boeing had not delivered the Dreamliner from the production line or dozens of aircraft awaiting delivery since Jan. 26. Boeing said last week it had suspended assembly of the new plane.

Boeing Co (NYSE:BA) suspended deliveries of the 787 aircraft due to documentation issues Read Post »

Jefferies: Reiterate Lululemon’s (NASDAQ:LULU) underperform rating and $200 price target

/ / Consumer Discretionary / ,

Jefferies analyst Randal Konik said the bank’s analysis of pricing data showed that Lululemon (NASDAQ:LULU) accelerated its rollout in January, while a recent visit to stores indicated an increased risk of markdowns in the outerwear category. The analyst sees increased downside risks to Lululemon’s fourth-quarter gross margin guidance, reiterating its underperform rating and $200 price target for the stock.

Jefferies: Reiterate Lululemon’s (NASDAQ:LULU) underperform rating and $200 price target Read Post »

Beyond Meat(NASDAQ:BYND) Q4 2022 reported adjusted loss narrowed to $1.05

/ / Consumer Staples /

Beyond Meat(NASDAQ:BYND) reported its Q4 adjusted loss narrowed to $1.05 per diluted share, Analysts polled by Capital IQ expected a loss of $1.20. Revenue for the quarter ended Dec. 31 was $79.9 million, Analysts polled by Capital IQ expected $75.8 million. The company said it expects full-year 2023 revenue of $375 million to $415 million. Analysts polled by Capital IQ expect $391.4 million.

Beyond Meat(NASDAQ:BYND) Q4 2022 reported adjusted loss narrowed to $1.05 Read Post »

Beyond Meat(NASDAQ:BYND) Q4 2022 net revenues $79.9 million, down 20.6% year-over-year

/ / Consumer Staples /

February 23, 2023 —Beyond Meat, Inc. (NASDAQ: BYND) a leader in plant-based meat, today reported financial results for its fourth quarter and full year ended December 31, 2022. Beyond Meat(NASDAQ:BYND) reported late Thursday that its Q4 adjusted loss narrowed to $1.05 per diluted share,Analysts polled by Capital IQ expected a loss of $1.20. Revenue for the quarter ended Dec. 31 was $79.9 million, Analysts polled by Capital IQ expected $75.8 million. The company said it expects full-year 2023 revenue of $375 million to $415 million. Analysts polled by Capital IQ expect $391.4 million. Fourth Quarter 2022 Financial Highlights Net revenues were $79.9 million, a decrease of 20.6% year-over-year. Gross profit was a loss of $2.9 million, or gross margin of -3.7% of net revenues. Net loss was $66.9 million, or $1.05 per common share. Net loss as a percentage of net revenues was -83.6%. Adjusted EBITDA was a loss of

Beyond Meat(NASDAQ:BYND) Q4 2022 net revenues $79.9 million, down 20.6% year-over-year Read Post »

Oppenheimer: Maintains Intel (NASDAQ:INTC) in line with the broader market rating

/ / Technology / ,

Oppenheimer analyst Rick Schafer said that given the current business situation and cash outlays, the news that Intel (NASDAQ:INTC) announced a dividend reduction is not surprising. The analyst acknowledged that Intel has taken steps to reduce dividends to achieve its leadership in processes and regional manufacturing, still believes management is in “proof mode” and that the company’s years of revitalization efforts are working, and he maintains Intel’s market-aligned rating.

Oppenheimer: Maintains Intel (NASDAQ:INTC) in line with the broader market rating Read Post »

Bank of America Securities: Maintain Coinbase (NASDAQ:COIN) underperform rating and price target $35

/ / Financials /

Bank of America Securities analyst Jason Kupferberg maintains an underperform rating on Coinbase (NASDAQ:COIN) and a $35 price target. The analyst told investors that while Coinbase’s fourth-quarter results beat expectations, its guidance for 2023 is very limited, and we think Wall Street may want more. The analyst said the themes in the earnings report had not changed and remained cautious, believing the company continued to face real headwinds, including regulatory issues, competition and a lack of diversity in revenue.

Bank of America Securities: Maintain Coinbase (NASDAQ:COIN) underperform rating and price target $35 Read Post »

Deutsche Bank: Raised Walmart (NYSE:WMT) price target to $169 Maintain Buy rating

/ / Consumer Discretionary / ,

Deutsche Bank analyst Krisztina Katai raised its price target on Walmart (NYSE:WMT) to $169 from $164 and maintained a buy rating on the stock. Although the company’s initial 2023 outlook fell short of buyers’ expectations, the analyst was encouraged by the fact that its outlook left more room for upside and down.

Deutsche Bank: Raised Walmart (NYSE:WMT) price target to $169 Maintain Buy rating Read Post »

Oppenheimer: Gives Walmart (NYSE:WMT) an outperform rating with a $160 price target

/ / Consumer Discretionary / ,

Oppenheimer analyst Rupesh Parikh said the health of Walmart’s (NYSE:WMT) business looks stronger than the company expected, with larger grocery store share growth, healthy growth in other revenue streams and tighter controls on capital spending. The analyst believes that management’s 2-2.5% sales growth guidance for Walmart in the United States is conservative given its stronger expectations for food inflation, the potential for continued share growth, and the high-single-digit sales growth momentum until 2022. With standards reset and the company’s favorable fundamental view, the bank re-added Walmart to the list of best options after multiple quarters. He has an outperform rating on the stock with a $160 price target.

Oppenheimer: Gives Walmart (NYSE:WMT) an outperform rating with a $160 price target Read Post »

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