Category: Analysis & Opinion
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Daily Investor Brief: Analysts’ Recommendations and Market Moves
Noteworthy Recommendations: American Express Company sees a downgrade from Morningstar to sell, adjusting the target price to $190. American Tower Corporation receives an upgrade by Morningstar to buy, with a new target price set at $215. Analog Devices, Inc.: Baptista Research modifies its stance to hold from outperform, with a slight decrease in the price…
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FTC’s Block on Kroger-Albertsons Deal: A Win for Walmart?
The Federal Trade Commission’s (FTC) attempt to halt Kroger’s massive $25 billion acquisition of Albertsons might inadvertently play into the hands of Walmart, a formidable competitor in the grocery sector. With a dominant 24% share of the U.S. grocery market in 2022, as reported by CFRA Research, Walmart’s strategy of maintaining low grocery prices is…
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Sterling Infrastructure: A Beacon in the U.S. Construction Sector
Sterling Infrastructure (NASDAQ:STRL) emerges as a prominent player in the U.S. construction industry, with significant operations across the South, Northeast, Rocky Mountain regions, and Hawaii. The company’s strategic focus on E-Infrastructure, Transportation, and Building Solutions positions it as a critical enabler of essential infrastructure projects, ranging from data centers and e-commerce distribution centers to roads…
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Financial Market Updates: Analyst Revisions and Stock Movements
In recent developments within the financial markets, several noteworthy analyst actions have taken place, affecting a range of companies across various sectors. These revisions, ranging from downgrades and upgrades to discontinuations of coverage, provide investors with fresh perspectives on stock valuations and future prospects. Notable Downgrades and Discontinuations American Electric Power Company, Inc. saw a…
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Analyst Ratings and Price Target Adjustments: Capital One, Nvidia, Walmart…
In the latest series of analyst ratings and price target adjustments, various prominent companies have experienced shifts in their market outlooks. These changes reflect the evolving business landscapes, financial performances, and market conditions impacting these firms. Capital One Financial Corporation Evercore ISI adjusted its stance on Capital One Financial Corporation, downgrading the stock to in-line…
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Earning Releases: Nvidia, Walmart and Home Depot Are Expected To Beat Estimates
NVIDIA (NASDAQ:NVDA) NVIDIA is confirmed to report earnings on Wednesday, February 21, 2024 at approximately 4:20 PM ET. The consensus earnings estimate is $4.55 per share on revenue of $20.24 billion, representing 234.5% year-over-year revenue growth. The company’s guidance was for earnings of $4.28 to $4.66 per share on revenue of $19.60 billion to $20.40…
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Investment Insights: Expert Analyst Opinions on Apple, Chewy, Estee Lauder, Lululemon, Wells Fargo…
Alliant Energy: Barclays downgrades to equalweight from overweight with a price target raised from $50 to $53. Apple: Barclays downgrades to underweight from equalweight with a price target reduced from $161 to $160. Avalonbay Communities: Wolfe Research downgrades to peerperform from outperform. Capital One Financial: Barclays maintains its equalweight recommendation and raises the target price…
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Investment Insights: Expert Analyst Opinions on AbbVie, Lowe’s, Salesforce, Zoom…
Abbvie: HSBC downgrades to hold from buy with a price target reduced from $167 to $156. Block: Jefferies maintains its buy recommendation and raises the target price from $60 to $90. Crowdstrike Holdings: Wells Fargo maintains its overweight rating and raises the target price from $250 to $315. Discover Financial Services: Citi upgrades to buy…
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Investment Insights: Expert Analyst Opinions on Amgen, Estee Lauder, Netflix, Shopify, Snap…
American International Group: BMO Capital Markets upgrades to outperform from market perform and raises the target price from $72 to $83. Amgen: BMO Capital Markets upgrades to outperform from market perform and raises the target price from $286 to $326. Apollo Global Management: William O’Neil & Co Incorporated upgrades to buy from dropped coverage. Carrier…
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Investment Insights: Expert Analyst Opinions on Adobe, Amgen, Blackrock, IBM, Ulta Beauty…
Adobe: Cowen maintains its outperform rating and raises the target price from $625 to $665. American Tower Corporation: Morgan Stanley maintains its market weight recommendation and raises the target price from $169 to $183. Amgen: Morgan Stanley maintains its market weight recommendation and reduces the target price from $291 to $281. Applied Materials: Deutsche Bank…