Jefferies

Jefferies: Gives Boeing (NYSE:BA) a “buy” rating with a $250 price target

/ / Industrials / ,

Jefferies analyst Sheila Kahyaoglu said in a research note that it gave Boeing (NYSE:BA) a “buy” rating with a $250 price target. The analyst noted that a “new” software issue would reportedly delay deliveries of specific Boeing 737 MAX models by up to a year, but the analyst said the delay in deliveries of certain 737 MAX models caused by software issues was “not a new problem” for Boeing, which is estimated to affect deliveries of 30 to 40 aircraft. Sheila doesn’t think the issue will affect Boeing’s delivery targets for this year.

Jefferies: Gives Boeing (NYSE:BA) a “buy” rating with a $250 price target Read Post »

Jefferies: Maintain Tesla(NASDAQ:TSLA) “Buy” rating and raise its price target to $230

/ / Consumer Discretionary / ,

Analysts at Jefferies said in a research note that they maintained their “buy” rating on Tesla (NASDAQ:TSLA) and raised their price target to $230 from $180. The analyst said Tesla’s investor day last week showed that the company remains largely a “Day 1” operating model. The analyst noted that no new product launches do not mean a significant delay in profit growth for Tesla. Jefferies believes that Tesla’s further expansion of Model 3 and Model Y sales through dynamic pricing may limit the range of earnings the company will achieve in 2023 and 2024, but it will be very favorable for its free cash flow and return on invested capital. Jefferies raised Tesla’s operating income forecasts for 2023 and 2024 by 10% and 8%, respectively, and its first quarter is expected to be the trough of Tesla’s earnings.

Jefferies: Maintain Tesla(NASDAQ:TSLA) “Buy” rating and raise its price target to $230 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 »

Jefferies: Raised Microsoft’s (NASDAQ:MSFT) price target to $310 with a Buy rating

/ / Technology / ,

According to a report by Jefferies, Microsoft (NASDAQ:MSFT) uses OpenAI’s next-generation language model to release artificial intelligence updates to search engines Bing and Edge, and it is expected that search improvements will help long-term advertising revenue. However, the bank mentioned that it will take time to push users to use Bing again, and Microsoft needs to pry advertisers away from Google, so it only regards such updates as the tip of the iceberg of the group’s artificial intelligence capabilities, and believes that there will be the greatest opportunity in enterprise applications. Jefferies raised its price target on Microsoft to $310 from $275 and maintained its Buy rating.

Jefferies: Raised Microsoft’s (NASDAQ:MSFT) price target to $310 with a Buy rating Read Post »

Jefferies: Raised Alphabet (nasdaq:GOOGL) price target from $125 to $130 with a Buy rating

/ / Technology / ,

Jefferies said Alphabet (nasdaq:GOOGL) is still challenging in its fourth quarter. Weak ad spend and foreign exchange headwinds resulted in a lower single-digit margin than expected in the advertising segment, but overall revenue was in line with expectations due to hardware and YouTube subscription growth. The bank is encouraged by the company’s increased focus on costs and monetization of AI assets. The bank said that the group’s core search business can still attract increased advertising revenue as it shifts to digital and mobile, and Google Cloud will be another breakthrough for the group as YouTube is the best platform to take advantage of online video. The bank raised its price target by 21% to $130 with a buy rating.

Jefferies: Raised Alphabet (nasdaq:GOOGL) price target from $125 to $130 with a Buy rating Read Post »

Jefferies Financial (NYSE:JEF) revenue of $1.43 billion in 2022 Q4 , YoY-18%

/ / Financials /

Jefferies Financial Group Inc.(NYSE:JEF) Stock price trend forecast and trading range: Updated to: 2023.1.12 (Note: The upper red line in the picture is the resistance, and the lower red line is the support) Analysis from stock chart —————————————————————- Short-term trend: bullish Sell high and buy low of range : $38 – $43 Support: $38 resistance: $43 Stop Loss Price: $38 price target: $43 Buy the position again: stop fall Medium-term trend: bullish High sell low buy range: $38 – $43 Support: $38 resistance: $43 Stop Loss price: $38 price target: $43 Buy the position again: stop fall Long-term trend: bullish High sell low buy of range: $36 – $43 Support : $38 resistance: $43 Stop Loss price: $38 price target : $43 Buy the position again: stop fall From Analysis from financial statements: Fourth Quarter 2022 revenue of $1.43 billion, YoY-18%, net income  of $0.14 billion, YoY-57%, EPS $0.57. Historical

Jefferies Financial (NYSE:JEF) revenue of $1.43 billion in 2022 Q4 , YoY-18% Read Post »

Jefferies: Maintain Salesforce (NYSE:CRM) with a buy rating and a $230 price target

/ / Technology / ,

After Salesforce (NYSE:CRM) announced its restructuring plan, including cutting about 10 percent of its workforce, Jefferies analyst Brent Thill said he saw the plan as “a step in the right direction” that would lead to higher medium-term profit margins. He added that management is expected to provide more information on the impact of the macro environment when it provides initial guidance for fiscal 2024 next quarter. The analyst believes that Wall Street’s 10.5% growth forecast for its fiscal 2024 is still too high, but buyers’ expectations have been diluted. He forecasts a top-line compound growth rate of 15% to $46 billion through fiscal 2026, maintaining a buy rating and $230 price target on the stock.

Jefferies: Maintain Salesforce (NYSE:CRM) with a buy rating and a $230 price target Read Post »

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