Chevron upgraded at UBS: a safe haven stock amid volatile oil prices

UBS is upgrading Chevron to buy, saying the oil and gas giant is positioned to weather a sudden drop in crude prices. The investment bank thinks shares of Chevron could rise as much as 21 percent based on its 12-month price target of $135. Oil prices plunged more than 40 percent from peak to trough in the final quarter of 2018. UBS says the volatility shows the value of a “conservative” and “sustaining business and financial model” embodied by Chevron. That gives Chevron time to consider investm


UBS is upgrading Chevron to buy, saying the oil and gas giant is positioned to weather a sudden drop in crude prices. The investment bank thinks shares of Chevron could rise as much as 21 percent based on its 12-month price target of $135. Oil prices plunged more than 40 percent from peak to trough in the final quarter of 2018. UBS says the volatility shows the value of a “conservative” and “sustaining business and financial model” embodied by Chevron. That gives Chevron time to consider investm
Chevron upgraded at UBS: a safe haven stock amid volatile oil prices Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-18  Authors: tom dichristopher, chip chipman, bloomberg, getty images
Keywords: news, cnbc, companies, chevron, gas, volatility, value, upgraded, safe, prices, oil, amid, shares, chevrons, ubs, haven, price, volatile, stock


Chevron upgraded at UBS: a safe haven stock amid volatile oil prices

UBS is upgrading Chevron to buy, saying the oil and gas giant is positioned to weather a sudden drop in crude prices.

The investment bank thinks shares of Chevron could rise as much as 21 percent based on its 12-month price target of $135. The stock popped $1.65, or 1.5 percent, to $113.61 on Friday.

Oil prices plunged more than 40 percent from peak to trough in the final quarter of 2018. UBS says the volatility shows the value of a “conservative” and “sustaining business and financial model” embodied by Chevron.

Despite a 12 percent drop in Chevron’s stock price during the oil price pullback, “we believe that that the intrinsic value of the shares is materially unaffected; that the financial and operating model of Chevron is explicitly constructed to cope with this type of volatility; and that absent a material and structural change in the oil market (which we don’t believe is the case) the share price weakness offers an interesting entry point,” UBS analyst Jon Rigby wrote in a research note on Friday.

UBS highlights Chevron’s ability to fund both capital expenditures and dividend payments with Brent crude futures at $50 a barrel — about $12 below the current price. The bank says capital expenditures remain “generous” and Chevron’s debt relative to equity is low compared to peers, giving the company the ability to take advantage of opportunities as they arise.

Chevron’s asset portfolio is also “enviable,” in the bank’s view. The start-up of liquefied natural gas projects will help the company generate cash, while it’s “industry-leading” position in the Permian basin, the largest U.S. shale oil field, reduces risks. That gives Chevron time to consider investments in capital-intensive fuel refining facilities and offshore oil and gas projects.


Company: cnbc, Activity: cnbc, Date: 2019-01-18  Authors: tom dichristopher, chip chipman, bloomberg, getty images
Keywords: news, cnbc, companies, chevron, gas, volatility, value, upgraded, safe, prices, oil, amid, shares, chevrons, ubs, haven, price, volatile, stock


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European shares move slightly higher with Brexit, Fed in focus; UK GDP due

Construction and materials were leading the gains in early deals, with Lafargeholcim up by 2 percent. The stock was upgraded to buy from underperform by Bank of America. There was also some momentum in personal and household goods due to stock upgrades. The U.K. housebuilder Taylor Wimpey rose 3.4 percent and led the gains across Europe. Renault shares were under the flatline too after news that former Nissan Motor Chairman Carlos Ghosn was indicted on two new charges of financial misconduct.


Construction and materials were leading the gains in early deals, with Lafargeholcim up by 2 percent. The stock was upgraded to buy from underperform by Bank of America. There was also some momentum in personal and household goods due to stock upgrades. The U.K. housebuilder Taylor Wimpey rose 3.4 percent and led the gains across Europe. Renault shares were under the flatline too after news that former Nissan Motor Chairman Carlos Ghosn was indicted on two new charges of financial misconduct.
European shares move slightly higher with Brexit, Fed in focus; UK GDP due Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-11  Authors: silvia amaro
Keywords: news, cnbc, companies, virgin, wimpey, brexit, higher, stock, slightly, shares, buy, upgraded, uk, gains, fed, company, european, upgrades, focus, yield, gdp, wants


European shares move slightly higher with Brexit, Fed in focus; UK GDP due

The pan-European Stoxx 600 was 0.2 percent with almost every sector in positive territory. Construction and materials were leading the gains in early deals, with Lafargeholcim up by 2 percent. The stock was upgraded to buy from underperform by Bank of America.

There was also some momentum in personal and household goods due to stock upgrades. The U.K. housebuilder Taylor Wimpey rose 3.4 percent and led the gains across Europe.

The Swiss company Straumann was also among the top gainers, after its CEO said that it wants to increase sales five-fold within a decade, Reuters reported.

On the other hand, Orion dropped more than 6 percent after Jefferies cut its grade on the pharma company. The research firm argued that the current 4.5 percent dividend yield is not enough to support the share price, Reuters reported.

Furthermore, Flybe fell as much as 90 percent after a consortium of Virgin Atlantic Ltd, Stobart Group and Cyrus Capital Partners agreed to buy the low-cost airline.

Renault shares were under the flatline too after news that former Nissan Motor Chairman Carlos Ghosn was indicted on two new charges of financial misconduct.


Company: cnbc, Activity: cnbc, Date: 2019-01-11  Authors: silvia amaro
Keywords: news, cnbc, companies, virgin, wimpey, brexit, higher, stock, slightly, shares, buy, upgraded, uk, gains, fed, company, european, upgrades, focus, yield, gdp, wants


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Netflix shares gain after multiple upgrades, bullish commentary from Wall Street

Netflix shares jumped as much as 3 percent in Friday’s premarket after multiple analysts upgraded the video-streaming giant. Raymond James’ Justin Patterson upgraded the stock to strong buy from outperform. He also hiked his price target on Netflix to $450 per share from $435, implying a 38 percent surge from Thursday’s close. “After six months of stock underperformance & key debates emerging about competition, margins & [free cash flow], we think these debates are better understood by investors


Netflix shares jumped as much as 3 percent in Friday’s premarket after multiple analysts upgraded the video-streaming giant. Raymond James’ Justin Patterson upgraded the stock to strong buy from outperform. He also hiked his price target on Netflix to $450 per share from $435, implying a 38 percent surge from Thursday’s close. “After six months of stock underperformance & key debates emerging about competition, margins & [free cash flow], we think these debates are better understood by investors
Netflix shares gain after multiple upgrades, bullish commentary from Wall Street Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-11  Authors: fred imbert, philippe huguen, afp, getty images
Keywords: news, cnbc, companies, shares, upgraded, netflix, sheridan, bullish, believe, global, patterson, gain, upgrades, commentary, wall, underperformance, street, stock, price, multiple, share


Netflix shares gain after multiple upgrades, bullish commentary from Wall Street

Netflix shares jumped as much as 3 percent in Friday’s premarket after multiple analysts upgraded the video-streaming giant.

An hour before Friday’s opening bell, the stock was up 2 percent.

Raymond James’ Justin Patterson upgraded the stock to strong buy from outperform. He also hiked his price target on Netflix to $450 per share from $435, implying a 38 percent surge from Thursday’s close.

“Netflix is approaching a profit inflection,” Patterson said in a note Friday. “Coupled with positive app/search data and a solid content slate, we believe there is an upward bias to 2020E Revenue and EPS.”

“Given underperformance in 2H18, vs. traditional media, we believe the combination of positive revisions and emerging signs of long-term profit potential will yield share price outperformance,” Patterson added. He also noted the high viewer numbers from the movie “Bird Box,” and pointed to “Netflix’s advantages in film; convenience, cost, and global distribution.”

Netflix also received an upgrade at UBS after the bell on Thursday, with analyst Eric Sheridan hiking his rating on the stock to buy from neutral. Sheridan also raised his price target on the stock to $410 from $400, implying a 26 percent upside.

“After six months of stock underperformance & key debates emerging about competition, margins & [free cash flow], we think these debates are better understood by investors and reflected in the current stock price,” Sheridan said in a note. “With content spend now at a scale of the major media companies and titles continuing to demonstrate outsized marketplace success, we see the moat around NFLX’s global positioning widening and its long-term secular winner status remaining intact.”

The upgrades from Raymond James and UBS come after a massive surge in Netflix. Since Dec. 24, the stock is up more than 38 percent.

Netflix has also outperformed the other members of the popular “FAANG” trade, which is made up of Facebook, Amazon, Apple, Netflix and Alphabet. Facebook is up more than 16 percent since Christmas Eve, while Amazon is up 23 percent. Apple and Alphabet, meanwhile, are up less than 10 percent in that time.

Benjamin Swinburne, a Morgan Stanley analyst with an overweight rating on Netflix, said share prices should continue to rise as the company keeps growing in overseas subscribers. “We believe Netflix’s opportunity comes from the nearly $500bn global TV market, of which total subscription OTT still represents less than 5% of revenues,” he said.

Swinburne added: “The shift toward life as a vertically integrated streaming business is accelerating, evident in a declining level of licensing obligations to 3rd parties and a ramp in spending on originals.This should translate into 1) a deeper moat, 2) greater operating leverage, and 3) meaningful FCF long-term.”

—CNBC’s Michael Bloom contributed to this report.

Subscribe to CNBC on YouTube.


Company: cnbc, Activity: cnbc, Date: 2019-01-11  Authors: fred imbert, philippe huguen, afp, getty images
Keywords: news, cnbc, companies, shares, upgraded, netflix, sheridan, bullish, believe, global, patterson, gain, upgrades, commentary, wall, underperformance, street, stock, price, multiple, share


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One analyst actually upgraded Apple in the face of stock plunge as peers throw in towel

“We see limited further relative downside to the stock,” New Street Research analyst Pierre Ferragu said in an investor note Thursday. He upgraded the shares to neutral from sell and set a $140 price target on the stock. Following the projected revenue miss, Apple shares dropped about 8 percent to $145.15 Thursday afternoon after ending the first day of 2019 at $157.92. Analysts expected revenue of $91.3 billion for the fiscal first quarter, according to the consensus estimate from FactSet. “We


“We see limited further relative downside to the stock,” New Street Research analyst Pierre Ferragu said in an investor note Thursday. He upgraded the shares to neutral from sell and set a $140 price target on the stock. Following the projected revenue miss, Apple shares dropped about 8 percent to $145.15 Thursday afternoon after ending the first day of 2019 at $157.92. Analysts expected revenue of $91.3 billion for the fiscal first quarter, according to the consensus estimate from FactSet. “We
One analyst actually upgraded Apple in the face of stock plunge as peers throw in towel Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-03  Authors: thomas franck, stringer, anadolu agency, getty images
Keywords: news, cnbc, companies, analysts, plunge, apple, according, analyst, revenue, actually, stock, billion, towel, throw, face, street, peers, ferragu, price, quarter, upgraded


One analyst actually upgraded Apple in the face of stock plunge as peers throw in towel

Now that things look “as bad as can be” for Apple, there are no other reasons for the iPhone maker to underperform the broader market in 2019, and the equity looks cheap enough to upgrade, according to one Wall Street firm.

“We see limited further relative downside to the stock,” New Street Research analyst Pierre Ferragu said in an investor note Thursday. “The macro environment has deteriorated, especially in China. A 20 percent shipment decline is not only our thesis. Based on CEO comments, we conclude Chinese consumer demand is very weak and took its toll as well.”

He upgraded the shares to neutral from sell and set a $140 price target on the stock. That’s still below where it finished on Thursday, at $142.19 per share.

Chief Executive Tim Cook said Wednesday that Apple sees fiscal first-quarter revenue of $84 billion versus a previous guidance of a range of $89 billion and $93 billion, a decline of about 7.6 percent. For investors, Apple’s ability to generate revenue growth often plays a critical role in determining the higher the price they’re willing to pay for its equity.

The New Street upgrade came as scores of other analysts slashed forecasts on the consumer technology company and downgraded the stock. Jefferies and Macquarie each threw in the towel and downgraded the stock to a neutral rating, while Goldman Sachs cut its price target to $140 from $182.

“We nevertheless expect the situation to stabilize in 2020 and EPS growth to resume,” New Street’s Ferragu wrote. “The stock is now trading close to 10x our 2020 earnings expectation, a historic low in absolute and relative terms, and see limited further downside to the stock.”

Following the projected revenue miss, Apple shares dropped about 8 percent to $145.15 Thursday afternoon after ending the first day of 2019 at $157.92. Analysts expected revenue of $91.3 billion for the fiscal first quarter, according to the consensus estimate from FactSet. Apple blamed most of the revenue shortfall on a slowing economy in China in the second half.

Still, many analysts — including Ferragu — had expected weaker Chinese sales as the larger macroeconomic environment deteriorates both in Asia and around the globe.

“We were expecting the major negative surprise to be the March quarter,” Ferragu added. “Reality is that Apple and channels saw the trend much earlier, ahead of the holiday season and adjusted shipments accordingly. We don’t materially change our forecast for the March quarter and beyond.”

New Street is a relatively small firm on Wall Street focusing on technology. Prior to joining the firm, Ferragu covered tech for Bernstein for 10 years, according to his website.


Company: cnbc, Activity: cnbc, Date: 2019-01-03  Authors: thomas franck, stringer, anadolu agency, getty images
Keywords: news, cnbc, companies, analysts, plunge, apple, according, analyst, revenue, actually, stock, billion, towel, throw, face, street, peers, ferragu, price, quarter, upgraded


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Caterpillar upgraded by Bank of America because of trade cease-fire: ‘We see 20% upside potential’

Caterpillar shares jumped more than 4 percent in premarket trading to $141.50. The U.S. agreed to leave tariffs on more than $200 billion worth of Chinese products at 10 percent. The temporary agreement boosted crude oil, with WTI futures jumping 4 percent. “Caterpillar’s share price is highly correlated with crude oil prices and crude is down over 30 percent since early October,” Gilardi said. “Some combination of global demand improvement and/or supply curtailments could propel CAT higher if W


Caterpillar shares jumped more than 4 percent in premarket trading to $141.50. The U.S. agreed to leave tariffs on more than $200 billion worth of Chinese products at 10 percent. The temporary agreement boosted crude oil, with WTI futures jumping 4 percent. “Caterpillar’s share price is highly correlated with crude oil prices and crude is down over 30 percent since early October,” Gilardi said. “Some combination of global demand improvement and/or supply curtailments could propel CAT higher if W
Caterpillar upgraded by Bank of America because of trade cease-fire: ‘We see 20% upside potential’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-03  Authors: john melloy, ingo wagner, picture alliance, getty images
Keywords: news, cnbc, companies, upgraded, bank, tariffs, trade, upside, crude, potential, ceasefire, agreed, shares, 20, america, oil, temporary, price, caterpillar, wti, talks


Caterpillar upgraded by Bank of America because of trade cease-fire: 'We see 20% upside potential'

Bank of America Merrill Lynch wasted no time in recommending clients rush out and buy one of the key companies affected by the China-U.S. trade war, now in a cease-fire

The firm on Monday upgraded shares of Caterpillar to buy from neutral and raised its 12-month price forecast on the stock to $163 from $140. Caterpillar shares jumped more than 4 percent in premarket trading to $141.50.

“We are still late in the cycle, but two key macro developments lead us to upgrade CAT at 10.9x 2019E EPS and an 8% FCF yield. First, Fed Chairman Jerome Powell seemed less hawkish last week on the future path of interest rate increases, and 2) the US-China agreed to a temporary cease fire on additional US tariff increases,” BofAML analyst Ross Gilardi said in a note to investors.

“We see 20 percent upside potential,” he added.

President Donald Trump and Chinese President Xi Jinping met for dinner on Saturday at the G-20 summit in Argentina and agreed to hold off on additional tariffs on each other’s goods at the start of the new year to allow for talks to continue for 90 days. The U.S. agreed to leave tariffs on more than $200 billion worth of Chinese products at 10 percent.

In the meantime, Caterpillar may get some direct help from the weekend talks because China agreed to purchase a “substantial” amount of agricultural, energy, and industrial U.S. products.

The temporary agreement boosted crude oil, with WTI futures jumping 4 percent.

“Caterpillar’s share price is highly correlated with crude oil prices and crude is down over 30 percent since early October,” Gilardi said. “Some combination of global demand improvement and/or supply curtailments could propel CAT higher if WTI starts to recover.”


Company: cnbc, Activity: cnbc, Date: 2018-12-03  Authors: john melloy, ingo wagner, picture alliance, getty images
Keywords: news, cnbc, companies, upgraded, bank, tariffs, trade, upside, crude, potential, ceasefire, agreed, shares, 20, america, oil, temporary, price, caterpillar, wti, talks


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A weak US could hit recovery of emerging markets, Morgan Stanley says

While Morgan Stanley has upgraded its views for stocks in emerging economies, the bank warns that a weaker U.S. could still limit the potential comeback for some of those emerging markets. “Emerging markets have, both in terms of magnitude and duration, seen a pretty significant correction. In a Sunday report, Morgan Stanley upgraded stocks in emerging economies from “underweight” to “overweight” for 2019. The investment bank said it expects shares in emerging markets to do better than their Ame


While Morgan Stanley has upgraded its views for stocks in emerging economies, the bank warns that a weaker U.S. could still limit the potential comeback for some of those emerging markets. “Emerging markets have, both in terms of magnitude and duration, seen a pretty significant correction. In a Sunday report, Morgan Stanley upgraded stocks in emerging economies from “underweight” to “overweight” for 2019. The investment bank said it expects shares in emerging markets to do better than their Ame
A weak US could hit recovery of emerging markets, Morgan Stanley says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-27  Authors: yen nee lee
Keywords: news, cnbc, companies, recovery, bank, weaker, stanley, upgraded, hit, economies, yields, markets, stocks, emerging, weak, morgan


A weak US could hit recovery of emerging markets, Morgan Stanley says

While Morgan Stanley has upgraded its views for stocks in emerging economies, the bank warns that a weaker U.S. could still limit the potential comeback for some of those emerging markets.

“Emerging markets have, both in terms of magnitude and duration, seen a pretty significant correction. And we feel that the conditions are now broadly coming into place that will suggest that these markets begin to outperform, particularly relative to the U.S.,” Gokul Laroia, Morgan Stanley’s co-head of global equities and co-CEO for Asia Pacific, told CNBC’s “Squawk Box” on Tuesday.

“What I am not entirely convinced of is whether or not we see absolute outperformance in the context of a declining U.S., that hasn’t really happened too many times before and it’s not obvious to me that it can happen,” he added.

In a Sunday report, Morgan Stanley upgraded stocks in emerging economies from “underweight” to “overweight” for 2019.

The investment bank said it expects shares in emerging markets to do better than their American counterparts. That’s a turnaround for emerging markets, which have fallen out of favor this year due to a spike in U.S. Treasury yields, strengthening greenback and a scale back in the Federal Reserve’s balance sheet.


Company: cnbc, Activity: cnbc, Date: 2018-11-27  Authors: yen nee lee
Keywords: news, cnbc, companies, recovery, bank, weaker, stanley, upgraded, hit, economies, yields, markets, stocks, emerging, weak, morgan


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Microsoft employees can use Minecraft to see how the company’s upgraded campus will look

Microsoft built its new campus in Minecraft so employees can know what to expect 5 Hours Ago | 02:03Four years ago Tuesday, Microsoft closed its $2.5 billion acquisition of Mojang, developer of the video game Minecraft. As it turns out, Minecraft had more to offer Microsoft than just a wildly popular game with 91 million monthly active users and 250 million downloads. The technology is now being used to help employees get acquainted with a refresh of Microsoft’s sprawling campus in Redmond, Wash


Microsoft built its new campus in Minecraft so employees can know what to expect 5 Hours Ago | 02:03Four years ago Tuesday, Microsoft closed its $2.5 billion acquisition of Mojang, developer of the video game Minecraft. As it turns out, Minecraft had more to offer Microsoft than just a wildly popular game with 91 million monthly active users and 250 million downloads. The technology is now being used to help employees get acquainted with a refresh of Microsoft’s sprawling campus in Redmond, Wash
Microsoft employees can use Minecraft to see how the company’s upgraded campus will look Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-06  Authors: jordan novet, david paul morris, bloomberg, getty images
Keywords: news, cnbc, companies, companys, million, buildings, upgraded, blockworks, employees, look, minecraft, campus, game, company, microsofts, microsoft


Microsoft employees can use Minecraft to see how the company's upgraded campus will look

Microsoft built its new campus in Minecraft so employees can know what to expect 5 Hours Ago | 02:03

Four years ago Tuesday, Microsoft closed its $2.5 billion acquisition of Mojang, developer of the video game Minecraft. It was Satya Nadella’s first multibillion-dollar deal since taking over as CEO in February 2014.

As it turns out, Minecraft had more to offer Microsoft than just a wildly popular game with 91 million monthly active users and 250 million downloads. The technology is now being used to help employees get acquainted with a refresh of Microsoft’s sprawling campus in Redmond, Washington.

Earlier this year, Microsoft enlisted Blockworks, a company that uses Minecraft’s digital building blocks for designing real-world projects, to create a miniature rendering of the campus facelift, which is scheduled for completion in 2022. They’re using graphics that are far more immersive than two-dimensional photos and videos.

Microsoft’s corporate headquarters occupies 500 acres of land and houses more than 100 buildings. Rather than setting up an entirely new campus (or two) like Amazon, or following Alphabet, Apple and Facebook in expanding into new areas, the software company is updating its existing one, tearing down old buildings and erecting new ones, while also adding cricket and soccer fields and room for retail businesses.

While Minecraft was designed for gamers, its immersive nature and the ability to quickly move around and construct edifices makes it easy to see how new buildings will look when inserted into an existing landscape. Microsoft recognized the potential of the game and introduced an education edition two years ago. It has racked up 35 million licensed users.

“When you build in Minecraft, you build everything in the perspective of the player, constantly being aware of the sense of scale,” said James Delaney, a managing director at Blockworks, which says on its website that it uses Minecraft “to create experiences, communities and learning environments.”

It’s only natural that a kid was involved in the idea of using Minecraft to miniaturize the new campus.

Riku Pentikainen, who until recently was director of global workplace strategies inside Microsoft’s real estate and facilities group, saw his son playing Minecraft earlier this year and was intrigued by how the game could help the company with its transition. Employees could learn and get excited about the remodeling long before they could check it out on foot, and in a more dynamic way than what was available through typical renderings.

Microsoft brought in architecture firm Gensler, along with Andrew Yang, a project manager, to work with internal staff, including Peter Zetterberg of Microsoft Studios, and Amy Stevenson, Microsoft’s archives manager, who provided pieces of history about campus landmarks. They got approval from Phil Spencer, Microsoft’s executive vice president for gaming, to use Minecraft for the project, Yang said.

From there, the group issued a request for proposals, ultimately deciding on Blockworks, which had done work for Disney, Warner Bros. and the Museum of London, as well as Microsoft. The mandate for Blockworks was to have a virtual campus set up within a few weeks, in time for a Microsoft hackathon on July 27.


Company: cnbc, Activity: cnbc, Date: 2018-11-06  Authors: jordan novet, david paul morris, bloomberg, getty images
Keywords: news, cnbc, companies, companys, million, buildings, upgraded, blockworks, employees, look, minecraft, campus, game, company, microsofts, microsoft


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Morgan Stanley says buy Teva because its turnaround is still in the ‘early innings’

Investors should buy shares of Teva Pharmaceutical Industries as the company’s turnaround picks up steam, Morgan Stanley analyst David Risinger said Monday. Risinger upgraded the stock to overweight from equal weight. He also hiked his price target on the stock to $27 a share, implying a 19.5 percent upside from the stock’s close on Friday. Teva traded around $22.75 on Monday. “We expect continued improvement in Teva’s financials and investor perception,” Risinger said in a note to clients.


Investors should buy shares of Teva Pharmaceutical Industries as the company’s turnaround picks up steam, Morgan Stanley analyst David Risinger said Monday. Risinger upgraded the stock to overweight from equal weight. He also hiked his price target on the stock to $27 a share, implying a 19.5 percent upside from the stock’s close on Friday. Teva traded around $22.75 on Monday. “We expect continued improvement in Teva’s financials and investor perception,” Risinger said in a note to clients.
Morgan Stanley says buy Teva because its turnaround is still in the ‘early innings’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-05  Authors: fred imbert, patrick t fallon, bloomberg, getty images, tom strickland, scott mlyn, chip chipman, victor j blue, alex wong, andrew harrer
Keywords: news, cnbc, companies, weight, teva, upside, morgan, traded, target, risinger, stanley, stock, upgraded, innings, early, buy, turnaround, tevas


Morgan Stanley says buy Teva because its turnaround is still in the 'early innings'

Investors should buy shares of Teva Pharmaceutical Industries as the company’s turnaround picks up steam, Morgan Stanley analyst David Risinger said Monday.

Risinger upgraded the stock to overweight from equal weight. He also hiked his price target on the stock to $27 a share, implying a 19.5 percent upside from the stock’s close on Friday. Teva traded around $22.75 on Monday.

“We expect continued improvement in Teva’s financials and investor perception,” Risinger said in a note to clients. “Recall that Teva is just a year into its 3-year restructuring plan, and 25% EBITDA upside in 3Q gave us greater confidence that Teva can deliver additional cost cutting and earnings surprise in coming years.”


Company: cnbc, Activity: cnbc, Date: 2018-11-05  Authors: fred imbert, patrick t fallon, bloomberg, getty images, tom strickland, scott mlyn, chip chipman, victor j blue, alex wong, andrew harrer
Keywords: news, cnbc, companies, weight, teva, upside, morgan, traded, target, risinger, stanley, stock, upgraded, innings, early, buy, turnaround, tevas


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Stocks making the biggest move premarket: LOW, VZ, GE, AMZN, AAPL & more

The company estimates the move will shave 28 to 34 cents per share off full year 2018 earnings. Verizon – Verizon will restructure operations into three units as of January 1, forming units known as Consumer, Business, and Verizon Media Group/Oath. SeaWorld Entertainment – SeaWorld reported quarterly profit of $1.10 per share, 2 cents a share above estimates. Chevron – Chevron was upgraded to “outperform” from “neutral” at Credit Suisse, which calls the stock’s valuation and the energy giant’s f


The company estimates the move will shave 28 to 34 cents per share off full year 2018 earnings. Verizon – Verizon will restructure operations into three units as of January 1, forming units known as Consumer, Business, and Verizon Media Group/Oath. SeaWorld Entertainment – SeaWorld reported quarterly profit of $1.10 per share, 2 cents a share above estimates. Chevron – Chevron was upgraded to “outperform” from “neutral” at Credit Suisse, which calls the stock’s valuation and the energy giant’s f
Stocks making the biggest move premarket: LOW, VZ, GE, AMZN, AAPL & more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-05  Authors: peter schacknow
Keywords: news, cnbc, companies, ge, units, share, estimates, low, verizon, buy, making, aapl, stores, amzn, neutral, vz, stock, according, biggest, premarket, upgraded, stocks


Stocks making the biggest move premarket: LOW, VZ, GE, AMZN, AAPL & more

If there’s no growth to buy into, you’ve got to be a value investor: Strategist 4 Hours Ago | 01:55

Check out the companies making headlines before the bell:

Lowe’s – The home improvement retailer is closing 20 U.S. and 31 Canadian stores as part of an ongoing strategic evaluation. Lowe’s said the stores involved are underperformers and most of the impacted U.S. stores are within 10 miles of another Lowe’s location. The company estimates the move will shave 28 to 34 cents per share off full year 2018 earnings.

Verizon – Verizon will restructure operations into three units as of January 1, forming units known as Consumer, Business, and Verizon Media Group/Oath.

Berkshire Hathaway – Berkshire beat estimates on both the top and bottom lines in its third-quarter earnings report, with operating profit nearly doubling on better-than-expected insurance results and lower taxes. Berkshire also bought back $928 million in stock during the quarter, its first buyback since 2012.

General Electric – GE will pay ousted CEO John Flannery $4.25 million in severance pay, and will keep his eligibility for equity awards that depend on the company’s long-term performance. Separately, British media reports say the U.K. is set to disallow $1 billion in tax deductions claimed by the company. And according to a new Securities and Exchange Commission filing, CEO Larry Culp has purchased 225,000 GE shares.

Amazon.com – Amazon will drop its minimum purchase amount for free shipping for the holiday season. The minimum for customers who are not members of the retailer’s Prime program is normally $25. The promotion will remain in place until the day that Amazon can no longer guarantee delivery in time for Christmas.

Apple — Demand for Apple’s iPhone XR appears to be disappointing, according to a report in Japan’s Nikkei newspaper. The paper quotes sources as saying Apple has told suppliers Foxconn and Pegatron to stop preparing additional production lines.

SeaWorld Entertainment – SeaWorld reported quarterly profit of $1.10 per share, 2 cents a share above estimates. The theme park operator’s revenue also topped forecasts on the strength of a 9.7 percent increase in park attendance.

Teva Pharmaceutical – Teva was upgraded to “overweight” from “equal-weight” at Morgan Stanley, which feels that the drugmaker’s financials will improve. Morgan Stanley also increased its price target for the stock to $27 per share from $20.

Fiat Chrysler – Fiat Chrysler was upgraded to “buy” from “sell” at Societe Generale, which points to the liquidity boost for the automaker from the sale of its Magneti Marelli parts unit.

MGM Resorts – MGM has hired advisers to examine the possibility of merging with Caesars Entertainment, according to the New York Post.

Under Armour – Under Armour was upgraded to “overweight” from “neutral” at Piper Jaffray, which feels the athletic apparel maker’s sales opportunity is underappreciated by investors. It maintains that view even after the stock jumped following the company’s quarterly earnings.

Chevron – Chevron was upgraded to “outperform” from “neutral” at Credit Suisse, which calls the stock’s valuation and the energy giant’s free cash flow “compelling”. The firm said Chevron is continuing to execute on its “already superior growth outlook.”

Starbucks – Mizuho upgraded the coffee chain’s stock to “buy” from “neutral,” saying sales momentum for Starbucks is gathering steam sooner than it had originally expected.


Company: cnbc, Activity: cnbc, Date: 2018-11-05  Authors: peter schacknow
Keywords: news, cnbc, companies, ge, units, share, estimates, low, verizon, buy, making, aapl, stores, amzn, neutral, vz, stock, according, biggest, premarket, upgraded, stocks


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Buy Roku on the dip: ‘Exceptional platform’ to drive double-digit upside, says analyst

Roku’s stock presents a compelling buying opportunity, according to Wedbush Securities, which upgraded the video streaming company to outperform from neutral on Thursday. Analyst Michael Pachter told clients in a note that the recent pullback in the company’s shares offered savvy investors a good entry point.


Roku’s stock presents a compelling buying opportunity, according to Wedbush Securities, which upgraded the video streaming company to outperform from neutral on Thursday. Analyst Michael Pachter told clients in a note that the recent pullback in the company’s shares offered savvy investors a good entry point.
Buy Roku on the dip: ‘Exceptional platform’ to drive double-digit upside, says analyst Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-01  Authors: thomas franck, patrick t fallon, bloomberg, getty images, tom strickland, scott mlyn, chip chipman, victor j blue, alex wong, andrew harrer
Keywords: news, cnbc, companies, roku, dip, analyst, upside, stock, video, upgraded, exceptional, thursdayanalyst, buy, securities, savvy, streaming, doubledigit, platform, drive, wedbush, shares, told


Buy Roku on the dip: 'Exceptional platform' to drive double-digit upside, says analyst

Roku’s stock presents a compelling buying opportunity, according to Wedbush Securities, which upgraded the video streaming company to outperform from neutral on Thursday.

Analyst Michael Pachter told clients in a note that the recent pullback in the company’s shares offered savvy investors a good entry point.


Company: cnbc, Activity: cnbc, Date: 2018-11-01  Authors: thomas franck, patrick t fallon, bloomberg, getty images, tom strickland, scott mlyn, chip chipman, victor j blue, alex wong, andrew harrer
Keywords: news, cnbc, companies, roku, dip, analyst, upside, stock, video, upgraded, exceptional, thursdayanalyst, buy, securities, savvy, streaming, doubledigit, platform, drive, wedbush, shares, told


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