Disney upgraded by Cowen, citing streaming service launch, new ‘Star Wars’

Cowen upgraded Disney stock ahead of the company’s investor day later this week, citing Disney’s new streaming service and next “Star Wars.” Cowen upgraded Disney to outperform from market perform and raised its 12-month price target to $131 from $102. “We believe the launch of Star Wars: Galaxy’s Edge at both domestic parks this summer should catalyze continued strong growth in 2H:F19 and FY20,” he added. At investor day, Disney is expected to give details on its new streaming service Disney+.


Cowen upgraded Disney stock ahead of the company’s investor day later this week, citing Disney’s new streaming service and next “Star Wars.” Cowen upgraded Disney to outperform from market perform and raised its 12-month price target to $131 from $102. “We believe the launch of Star Wars: Galaxy’s Edge at both domestic parks this summer should catalyze continued strong growth in 2H:F19 and FY20,” he added. At investor day, Disney is expected to give details on its new streaming service Disney+.
Disney upgraded by Cowen, citing streaming service launch, new ‘Star Wars’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-09  Authors: john melloy, disney
Keywords: news, cnbc, companies, disneys, day, streaming, star, dtc, cowen, citing, disney, upgraded, believe, service, wars, launch, investor


Disney upgraded by Cowen, citing streaming service launch, new 'Star Wars'

Cowen upgraded Disney stock ahead of the company’s investor day later this week, citing Disney’s new streaming service and next “Star Wars.”

“We view Disney’s catalyst path for the next year as highly attractive, and believe Thursday’s investor day will likely be a deck-clearing event for sentiment,” Cowen’s Doug Creutz said in a note.

Cowen upgraded Disney to outperform from market perform and raised its 12-month price target to $131 from $102. Disney shares added nearly 1 percent in premarket trading Tuesday following the call.

“Disney has a very powerful pipeline of product that will play out over the balance of the year,” wrote Creutz. “On the film side, we believe Disney’s slate could drive a $3B calendar year Studio operating profit. We also believe the slate, principally the Q4:C19 releases Frozen 2 and Star Wars Episode IX, should set the stage for a re-acceleration in Consumer Products performance in 2020.”

“We believe the launch of Star Wars: Galaxy’s Edge at both domestic parks this summer should catalyze continued strong growth in 2H:F19 and FY20,” he added.

At investor day, Disney is expected to give details on its new streaming service Disney+. Investors also await details on the road ahead following its $71 billion deal for Fox’s entertainment assets, which closed at the end of March.

“We believe the Disney+ DTC (direct to consumer) service is well positioned to have an extremely strong launch that surpasses consensus subscriber expectations,” Cowen said. “With the upcoming analyst day likely to provide a needed number reset (for near-term Fox deal dilution and DTC costs), investor focus can shift to this positive catalyst path, and dreams of Netflix-like valuations for the DTC business in years to come.”

Disney shares are up about 5 percent this year, below the S&P 500’s return of 15 percent.


Company: cnbc, Activity: cnbc, Date: 2019-04-09  Authors: john melloy, disney
Keywords: news, cnbc, companies, disneys, day, streaming, star, dtc, cowen, citing, disney, upgraded, believe, service, wars, launch, investor


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Stocks making the biggest moves midday: Snap, GE, Boeing, AMC & more

Boeing — Shares of Boeing dropped 4.44% after Bank of America Merrill Lynch cut its rating to neutral from buy after Boeing announced it plans to cut production of the jet on Friday. General Electric — GE tumbled 5.19% after J.P. Morgan’s Stephen Tusa downgraded the stock underweight from neutral and cut his 12-month price target to $5 from $6. AMC Entertainment — Shares of the movie theater company surged 92u% after B. Riley FBR upgraded them to buy from neutral. 2U — Shares of the educational


Boeing — Shares of Boeing dropped 4.44% after Bank of America Merrill Lynch cut its rating to neutral from buy after Boeing announced it plans to cut production of the jet on Friday. General Electric — GE tumbled 5.19% after J.P. Morgan’s Stephen Tusa downgraded the stock underweight from neutral and cut his 12-month price target to $5 from $6. AMC Entertainment — Shares of the movie theater company surged 92u% after B. Riley FBR upgraded them to buy from neutral. 2U — Shares of the educational
Stocks making the biggest moves midday: Snap, GE, Boeing, AMC & more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-08  Authors: fred imbert, getty images
Keywords: news, cnbc, companies, cut, snap, midday, making, boeing, moves, company, buy, stocks, shares, point, announced, upgraded, ge, biggest, stock, amc, neutral


Stocks making the biggest moves midday: Snap, GE, Boeing, AMC & more

Check out the companies making headlines midday Monday:

Snap — The social media company’s stock rose 3.6% after RBC Capital Markets upgraded it to outperform from sector perform, noting it is an “inflection point” amid improving fundamentals.

Boeing — Shares of Boeing dropped 4.44% after Bank of America Merrill Lynch cut its rating to neutral from buy after Boeing announced it plans to cut production of the jet on Friday. The bank expects delays with 737 will last six to nine months.

Southwest Airlines — The airline fell 2.46% after Raymond James downgraded it to hold from buy, citing concerns that Boeing jet groundings could last through peak summer travel. Southwest has 34 Max jets which account for roughly 4 percent of the airline’s passenger capacity.

General Electric — GE tumbled 5.19% after J.P. Morgan’s Stephen Tusa downgraded the stock underweight from neutral and cut his 12-month price target to $5 from $6. “We believe many investors are underestimating the severity of the challenges and underlying risks at GE, while overestimating the value of small positives,” wrote Tusa in a note to clients.

Sony — Shares of Sony surged 7.3% and ended the day little changed after Reuters reported that Daniel Loeb’s Third Point is building a stake in the company and plans to push for changes. Third Point is reportedly raising an investment vehicle to generate between $500 million and $1 billion to continue buying Sony shares. This is the second time in 6 years that the hedge fund has targeted Sony.

J. Alexander Holdings — The Southern restaurant chain’s stock rallied more than 8% after activist investor Ancora Advisors announced an offer to take the company private for $11.75 per share. The offering represented more than a 12% premium to Friday’s closing price.

Symantec — Symantec jumped more than 5% after an analyst at Goldman Sachs upgraded the stock to buy from neutral, highlighting an “undemanding” valuation and a “to sustained growth in current billings.”

AMC Entertainment — Shares of the movie theater company surged 92u% after B. Riley FBR upgraded them to buy from neutral. The firm cited a strong line-up of films coming out in the spring and summer, which includes Marvel’s “Avengers: Endgame.”

2U — Shares of the educational technology company dropped about 3.4% after 2U announced it is purchasing Trilogy Education Services for $750 million.

United Therapeutics —United Therapeutics fell around 5.7% after the company announced its clinical study of esuberaprost tablets did not meet its primary endpoint. The biotechnology company is discontinuing product development for the pulmonary arterial hypertension treatment.

—CNBC’s Jessica Bursztynsky , Tom Franck and Nadine El-Bawab contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2019-04-08  Authors: fred imbert, getty images
Keywords: news, cnbc, companies, cut, snap, midday, making, boeing, moves, company, buy, stocks, shares, point, announced, upgraded, ge, biggest, stock, amc, neutral


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Stocks making the biggest moves midday: Snap, Boston Beer, Duluth Holdings & more

Anheuser-Busch InBev — Shares of Anheuser Busch Inbev rose 1.6% after Bank of America upgraded the beer maker to neutral from underperform. Duluth Holdings — Shares of Duluth Holdings dropped 25.2% after the retailer reported earnings and revenues that fell short of expectations. Snap — Shares of Snap jumped 5% a day after the launch of its new advertising network, Snap Audience Network. HomeStreet — The financial services company jumped more than 5% after announcing it may repurchase up to $75


Anheuser-Busch InBev — Shares of Anheuser Busch Inbev rose 1.6% after Bank of America upgraded the beer maker to neutral from underperform. Duluth Holdings — Shares of Duluth Holdings dropped 25.2% after the retailer reported earnings and revenues that fell short of expectations. Snap — Shares of Snap jumped 5% a day after the launch of its new advertising network, Snap Audience Network. HomeStreet — The financial services company jumped more than 5% after announcing it may repurchase up to $75
Stocks making the biggest moves midday: Snap, Boston Beer, Duluth Holdings & more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-05  Authors: fred imbert, michael nagle, bloomberg, getty images
Keywords: news, cnbc, companies, moves, stocks, million, boston, duluth, company, biggest, shares, making, holdings, revenues, upgraded, stock, snap, beer, earnings, network, midday


Stocks making the biggest moves midday: Snap, Boston Beer, Duluth Holdings & more

Check out the companies making headlines midday Friday:

Boston Beer — The Sam Adams brewer dropped 5.5% after Goldman Sachs downgraded the stock to sell from buy, citing an intensifying beer market throughout the remainder of 2019.

Anheuser-Busch InBev — Shares of Anheuser Busch Inbev rose 1.6% after Bank of America upgraded the beer maker to neutral from underperform. “We believe the shares will remain supported near-term, as the Street’s concerns around its leverage subside and short-term earnings momentum improves,” the bank said.

Louisiana-Pacific — Louisiana Pacific shares were up over 5.1% after Stephens upgraded the stock to overweight from equal weight, noting the company’s strong balance sheet, commitment to capital discipline and “unusually high operating leverage” will help the stock.

Duluth Holdings — Shares of Duluth Holdings dropped 25.2% after the retailer reported earnings and revenues that fell short of expectations. The company posted earnings of 64 cents per share on revenues of $250.5 million, while analysts polled by Refinitiv had expected earnings of 75 cents per share on revenues of $258.2 million. The CEO cited challenges with system implementation, late deliveries of products and the slowdown of overall consumer spending during the holiday season.

Lennar — Lennar shares were up nearly 2% after J.P Morgan Securities added the company to its “Focus List,” noting the homebuilder’s valuation is attractive relative to its competitors.

Snap — Shares of Snap jumped 5% a day after the launch of its new advertising network, Snap Audience Network. The ad network will compete with advertising giants like Facebook, Google and LinkedIn, targeting its users beyond the social media company’s main stake platform, Snapchat.

HomeStreet — The financial services company jumped more than 5% after announcing it may repurchase up to $75 million in stock. The company also announced the sale of two of its businesses.

Triumph Group — Shares of the aerospace company gained 12.3% after announcing it is exploring alternatives for its aerospace structures business. Triumph also said Citigroup has been hired as an advisor throughout the review process.

Boeing — The Dow Jones Industrial Average member fell about 1% after Reuters reported the company was looking into scenarios in which production of the 737 Max jet would slow down.

—CNBC’s Nadine El-Bawab , Matt Lavietes and Isabel Soisson contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2019-04-05  Authors: fred imbert, michael nagle, bloomberg, getty images
Keywords: news, cnbc, companies, moves, stocks, million, boston, duluth, company, biggest, shares, making, holdings, revenues, upgraded, stock, snap, beer, earnings, network, midday


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Stocks making the biggest moves premarket: Boeing, Express, Spotify, Goldman Sachs & more

Express — The apparel retailer earned an adjusted 19 cents per share for its latest quarter, 3 cents a share above estimates. Spotify — Spotify filed a European Union complaint against Apple, saying Apple unfairly abused its dominance of its app store to favor Apple Music over Spotify. Chief Financial Officer Darren Karst and Chief Operating Officer Kermit Crawford are also leaving the drugstore chain. Goldman Sachs — Goldman is opening its special situations group to outside investors, accordin


Express — The apparel retailer earned an adjusted 19 cents per share for its latest quarter, 3 cents a share above estimates. Spotify — Spotify filed a European Union complaint against Apple, saying Apple unfairly abused its dominance of its app store to favor Apple Music over Spotify. Chief Financial Officer Darren Karst and Chief Operating Officer Kermit Crawford are also leaving the drugstore chain. Goldman Sachs — Goldman is opening its special situations group to outside investors, accordin
Stocks making the biggest moves premarket: Boeing, Express, Spotify, Goldman Sachs & more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-13  Authors: peter schacknow, jeenah moon
Keywords: news, cnbc, companies, samsung, spotify, premarket, boeing, producer, sachs, moves, share, chief, officer, goldman, express, apple, unit, upgraded, making, biggest, stocks


Stocks making the biggest moves premarket: Boeing, Express, Spotify, Goldman Sachs & more

Check out the companies making headlines before the bell:

Boeing — Boeing remains on watch, as noted above, after falling more than 11 percent over the past two sessions. Some U.S. lawmakers are calling for the Federal Aviation Administration to ground the 737 Max jets after their involvement in two overseas air crashes, but the agency maintains that the jet is airworthy. Boeing has now released details of a software update for the jet, which has been in the works for several months and predates those crashes.

Aurora Cannabis — The cannabis producer has appointed Trian’s Nelson Peltz as a strategic adviser, to help explore potential partnerships that would advance Aurora’s market strategy. Peltz will be granted options for nearly 20 million shares, that would vest over a four-year period.

Express — The apparel retailer earned an adjusted 19 cents per share for its latest quarter, 3 cents a share above estimates. Revenue was below forecasts, however, and a 6 percent drop in comparable-store sales was below the consensus Refinitiv estimate of a 5.6 percent decline. Express called its performance “disappointing” and said it faces more short-term challenges.

Sanderson Farms — JPMorgan Chase upgraded the poultry producer to “neutral” from “underperform” pointing to recent outperformance by the stock, higher chicken prices, and the prospect of China opening its markets to U.S. poultry products.

Spotify — Spotify filed a European Union complaint against Apple, saying Apple unfairly abused its dominance of its app store to favor Apple Music over Spotify. Separately, the music streaming service announced an expansion of its partnership with Samsung, with Spotify being pre-installed on new Samsung devices and customers eligible for six months of Spotify Premium.

Kraft Heinz — Kraft Heinz is considering a sale of its Breakstone business, known for its cottage cheese and sour cream products, according to people familiar with the situation who spoke to CNBC. The unit is said to be worthy roughly $400 million.

Rite Aid — Chief Executive Officer John Standley will leave that job once a successor is appointed. Chief Financial Officer Darren Karst and Chief Operating Officer Kermit Crawford are also leaving the drugstore chain. Rite Aid also announced it was cutting about 400 corporate positions in a move that it says will save about $55 million per year.

Tesla — The Securities and Exchange Commission has received permission from a federal judge to respond to Tesla CEO Elon Musk’s defense of his tweet involving production levels. The SEC had asked that Musk be held in contempt of court for that tweet, which it claims violated terms of a settlement between the two parties.

Goldman Sachs — Goldman is opening its special situations group to outside investors, according to The Wall Street Journal. The profitable group has been investing Goldman’s own money in Asian property, troubled U.S. retailers, and other ventures.

Carnival — Carnival was upgraded to “buy” from “neutral” at Goldman Sachs, which cites upbeat growth figures for the cruise line operator.

CVS Health — CVS was rated “outperform” in new coverage at Bernstein, which said the current price doesn’t reflect the solid managed care organization business of its recently acquired Aetna unit and that threats to profit margins are already reflected.


Company: cnbc, Activity: cnbc, Date: 2019-03-13  Authors: peter schacknow, jeenah moon
Keywords: news, cnbc, companies, samsung, spotify, premarket, boeing, producer, sachs, moves, share, chief, officer, goldman, express, apple, unit, upgraded, making, biggest, stocks


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Facebook upgraded by Nomura Instinet, boosting share prices

Facebook shares were upgraded to buy from neutral by Nomura Instinet on Monday, citing a faster-than-expected transition by consumers to the social media company’s Stories format and its new focus on messaging. The firm also raised its price target on Facebook to $215 from $172. “We based our downgrade of FB shares to Neutral last year on our view that the transition to Stories would take more time than bulls expected. Facebook shares have roared back by 29 percent in 2019, yet are still down mo


Facebook shares were upgraded to buy from neutral by Nomura Instinet on Monday, citing a faster-than-expected transition by consumers to the social media company’s Stories format and its new focus on messaging. The firm also raised its price target on Facebook to $215 from $172. “We based our downgrade of FB shares to Neutral last year on our view that the transition to Stories would take more time than bulls expected. Facebook shares have roared back by 29 percent in 2019, yet are still down mo
Facebook upgraded by Nomura Instinet, boosting share prices Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-11  Authors: john melloy
Keywords: news, cnbc, companies, transition, nomura, term, instinet, facebook, boosting, stock, shares, increased, kelley, neutral, upgraded, share, regulation, prices


Facebook upgraded by Nomura Instinet, boosting share prices

Facebook shares were upgraded to buy from neutral by Nomura Instinet on Monday, citing a faster-than-expected transition by consumers to the social media company’s Stories format and its new focus on messaging.

The firm also raised its price target on Facebook to $215 from $172. The stock was up 1.5 percent Monday in premarket trading to $172.10.

“We based our downgrade of FB shares to Neutral last year on our view that the transition to Stories would take more time than bulls expected. However, as we heard at industry events earlier this year and in our own conversations, the transition appears to be occurring more quickly than we expected, lessening our concern,” analyst Mark Kelley said in a note.

“Mark Zuckerberg’s recent blog post also suggested that engagement could improve as the company looks to focus on encrypted and ephemeral messaging across properties, in addition to the current core functionality,” Kelley added.

Facebook shares have roared back by 29 percent in 2019, yet are still down more than 8 percent for the last 12 months as investors question whether the company will face increased regulation that will hurt growth because of privacy concerns.

The Instinet analyst thinks increased regulation will be a “net positive for large platforms like” Facebook over the long term but it could continue to weigh on the stock in the short term.

— With reporting by CNBC’s Michael Bloom


Company: cnbc, Activity: cnbc, Date: 2019-03-11  Authors: john melloy
Keywords: news, cnbc, companies, transition, nomura, term, instinet, facebook, boosting, stock, shares, increased, kelley, neutral, upgraded, share, regulation, prices


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Jefferies believes this small cap has an ‘Amazonian Business Model’

Planet Fitness, a $5.7 billion gym operator, has a business model that resembles e-commerce giant Amazon’s, according to one Wall Street analyst. So says Jefferies’ Randal Konik, who upgraded the stock to buy from hold on Friday and raised the 12-month price target to $75 from $49 previously. The target would translate into a 28 percent gain for Planet Fitness based on Friday’s trading level. “This is a platform, not a gym,” Konik said in a note to clients. “We believe Planet Fitness is a platfo


Planet Fitness, a $5.7 billion gym operator, has a business model that resembles e-commerce giant Amazon’s, according to one Wall Street analyst. So says Jefferies’ Randal Konik, who upgraded the stock to buy from hold on Friday and raised the 12-month price target to $75 from $49 previously. The target would translate into a 28 percent gain for Planet Fitness based on Friday’s trading level. “This is a platform, not a gym,” Konik said in a note to clients. “We believe Planet Fitness is a platfo
Jefferies believes this small cap has an ‘Amazonian Business Model’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-22  Authors: yun li, drew angerer, getty images, david paul morris, bloomberg, patrick t fallon, tom strickland, scott mlyn, chip chipman, victor j blue
Keywords: news, cnbc, companies, amazonian, upgraded, cap, konik, amazons, planet, gym, model, believes, target, small, business, platform, wall, fitness, jefferies


Jefferies believes this small cap has an 'Amazonian Business Model'

Planet Fitness, a $5.7 billion gym operator, has a business model that resembles e-commerce giant Amazon’s, according to one Wall Street analyst.

So says Jefferies’ Randal Konik, who upgraded the stock to buy from hold on Friday and raised the 12-month price target to $75 from $49 previously. The target would translate into a 28 percent gain for Planet Fitness based on Friday’s trading level.

“This is a platform, not a gym,” Konik said in a note to clients.”We believe Planet Fitness is a platform for consumer aggregation with tenets that resemble Amazon’s successful model.”


Company: cnbc, Activity: cnbc, Date: 2019-02-22  Authors: yun li, drew angerer, getty images, david paul morris, bloomberg, patrick t fallon, tom strickland, scott mlyn, chip chipman, victor j blue
Keywords: news, cnbc, companies, amazonian, upgraded, cap, konik, amazons, planet, gym, model, believes, target, small, business, platform, wall, fitness, jefferies


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Tesla shares jump after Canaccord Genuity upgrades the stock and predicts 40% rally from here

Canaccord upgraded Tesla to buy from hold and raised its 12-month price target to $450 from $330. “The EV penetration story is underappreciated by the Street,” wrote analyst Jed Dorsheimer in a note to clients Monday. Canaccord’s new 12-month price target represents a gain of 47 percent from here. The stock jumped 2 percent in premarket trading Monday amid the Canaccord call. The shares fell at the end of January after the company posted a fourth-quarter profit that fell short of Wall Street exp


Canaccord upgraded Tesla to buy from hold and raised its 12-month price target to $450 from $330. “The EV penetration story is underappreciated by the Street,” wrote analyst Jed Dorsheimer in a note to clients Monday. Canaccord’s new 12-month price target represents a gain of 47 percent from here. The stock jumped 2 percent in premarket trading Monday amid the Canaccord call. The shares fell at the end of January after the company posted a fourth-quarter profit that fell short of Wall Street exp
Tesla shares jump after Canaccord Genuity upgrades the stock and predicts 40% rally from here Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-11  Authors: john melloy, aly song
Keywords: news, cnbc, companies, rally, jump, target, street, canaccord, upgrades, genuity, cash, concerns, shares, predicts, price, company, view, 40, stock, tesla, upgraded


Tesla shares jump after Canaccord Genuity upgrades the stock and predicts 40% rally from here

Tesla shares got off to the week with a good start after Canaccord Genuity upgraded the stock and predicted a monster rally from here as electric vehicle penetration improves and the company gets closer to building a car that is affordable for the masses.

Canaccord upgraded Tesla to buy from hold and raised its 12-month price target to $450 from $330.

“The EV penetration story is underappreciated by the Street,” wrote analyst Jed Dorsheimer in a note to clients Monday. “We see a more stable 2019 with far fewer concerns for investors in the company.”

Tesla closed Friday at $305.80, down 8 percent for the year. Canaccord’s new 12-month price target represents a gain of 47 percent from here. The stock jumped 2 percent in premarket trading Monday amid the Canaccord call.

The shares fell at the end of January after the company posted a fourth-quarter profit that fell short of Wall Street expectations. The Elon Musk-led company said it would focus on reducing costs in 2019 and also said its cash position improved to $3.7 billion.

“We view the recent string of price cuts as further proof that the cost cutting and right sizing that the company has undertaken are resulting in concrete movement towards the ultimate goal of an affordable $35,000 Model 3,” added Dorsheimer. “With the strong operating cash flow generation of $1.23B and cash on the balance sheet of $3.7B, the liquidity concerns and convertible note repayment are no longer valid concerns in our view.”

— With reporting by Michael Bloom.


Company: cnbc, Activity: cnbc, Date: 2019-02-11  Authors: john melloy, aly song
Keywords: news, cnbc, companies, rally, jump, target, street, canaccord, upgrades, genuity, cash, concerns, shares, predicts, price, company, view, 40, stock, tesla, upgraded


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Stocks making the biggest moves midday: Avis Budget Group, Pfizer, Tesla & more

Check out the companies making headlines midday on Monday:Avis Budget Group — Shares of the car-rental company jumped 7 percent after Goldman Sachs upgraded it to buy from sell, citing an attractive valuation. The analyst also sees a 36.3 percent upside for Avis over the next 12 months. Electronic Arts — The video-game maker climbed more than 5 percent after Bank of America Merrill Lynch upgraded it to buy from neutral. Loews Corp — Shares of the hospitality company fell 6.2 percent as Loews rep


Check out the companies making headlines midday on Monday:Avis Budget Group — Shares of the car-rental company jumped 7 percent after Goldman Sachs upgraded it to buy from sell, citing an attractive valuation. The analyst also sees a 36.3 percent upside for Avis over the next 12 months. Electronic Arts — The video-game maker climbed more than 5 percent after Bank of America Merrill Lynch upgraded it to buy from neutral. Loews Corp — Shares of the hospitality company fell 6.2 percent as Loews rep
Stocks making the biggest moves midday: Avis Budget Group, Pfizer, Tesla & more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-11  Authors: fred imbert, brendan mcdermid
Keywords: news, cnbc, companies, shares, midday, moves, biggest, stocks, upgraded, report, citing, target, tesla, buy, fell, pfizer, group, upside, making, avis, budget, tire, company


Stocks making the biggest moves midday: Avis Budget Group, Pfizer, Tesla & more

Check out the companies making headlines midday on Monday:

Avis Budget Group — Shares of the car-rental company jumped 7 percent after Goldman Sachs upgraded it to buy from sell, citing an attractive valuation. The analyst also sees a 36.3 percent upside for Avis over the next 12 months.

Electronic Arts — The video-game maker climbed more than 5 percent after Bank of America Merrill Lynch upgraded it to buy from neutral. Bank of America also hiked its price target on Electronic Arts to $110 a share from $95.

Loews Corp — Shares of the hospitality company fell 6.2 percent as Loews reported a loss of 53 cents a share for its fourth-quarter report. Lowes revenue in the quarter fell to $3.3 billion, down over $250 million from the same period a year ago.

Pfizer — One of the world’s largest pharmaceutical companies slid 1.5 percent Monday after its Japanese subsidiary recalled hundreds of thousands of tablets of a drug for high blood pressure. More than 763,000 tablets of the drug Amvalo, manufactured from April to July in Mylan, are the subject of recall, Pfizer Japan said in a statement.

Goodyear Tire & Rubber Company — Shares of the he multinational tire manufacturing company dropped more than 3.5 percent in midday trading after two brokerages downgraded the stock. Argus Research cut the equity to a hold rating citing reduced earnings estimates and near-term cost headwinds.

Tesla – The electric carmaker rallied after Canaccord Genuity upgraded Tesla to buy from hold, with a new price target that represents a 47 percent upside for the stock. The firm predicted more electric vehicle penetration and the company getting closer to building an affordable car for the masses.

Activision Blizzard — The video gaming giant fell 7 percent Monday following a Bloomberg report that it plans to announce job cuts “in the hundreds” this week. The layoffs would be part of a restructuring effort as the company faces sluggish sales, Bloomberg reported, citing unnamed sources familiar with the matter.

Norfolk Southern Corp. — The railroad holding company surged 4 percent after outlining a strategic plan that focuses on increased productivity and revenue growth at its investor conference. CEO James Squires said in a press release that the lower costs and more efficiency would “deliver stronger margins.”

Avaya Holdings — The multinational technology company that specializes in business communications, dropped 11.74 percent following its release of weaker-than-expected earnings and revenues for their first-quarter. The company also named Kieran McGrath as their new CFO, effective February 15, 2019.

—CNBC’s Tom Franck, Kate Rooney, Nadine El-Bawab and Michael Sheetz contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2019-02-11  Authors: fred imbert, brendan mcdermid
Keywords: news, cnbc, companies, shares, midday, moves, biggest, stocks, upgraded, report, citing, target, tesla, buy, fell, pfizer, group, upside, making, avis, budget, tire, company


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Jefferies upgrades BlackRock to buy, says valuation is most attractive in four years

Jefferies upgraded BlackRock to buy from hold on Tuesday, saying its valuation provides a “rare” entry point. The bank said BlackRock’s risk reward is the most attractive in four years after the asset manager posted a record level of inflows into its exchange-traded funds in the fourth quarter.


Jefferies upgraded BlackRock to buy from hold on Tuesday, saying its valuation provides a “rare” entry point. The bank said BlackRock’s risk reward is the most attractive in four years after the asset manager posted a record level of inflows into its exchange-traded funds in the fourth quarter.
Jefferies upgrades BlackRock to buy, says valuation is most attractive in four years Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-29  Authors: yun li, drew angerer, getty images, david paul morris, bloomberg, patrick t fallon, tom strickland, scott mlyn, chip chipman, victor j blue
Keywords: news, cnbc, companies, rare, upgrades, quarter, provides, posted, saying, attractive, jefferies, upgraded, risk, reward, blackrock, valuation, record, buy


Jefferies upgrades BlackRock to buy, says valuation is most attractive in four years

Jefferies upgraded BlackRock to buy from hold on Tuesday, saying its valuation provides a “rare” entry point.

The bank said BlackRock’s risk reward is the most attractive in four years after the asset manager posted a record level of inflows into its exchange-traded funds in the fourth quarter.


Company: cnbc, Activity: cnbc, Date: 2019-01-29  Authors: yun li, drew angerer, getty images, david paul morris, bloomberg, patrick t fallon, tom strickland, scott mlyn, chip chipman, victor j blue
Keywords: news, cnbc, companies, rare, upgrades, quarter, provides, posted, saying, attractive, jefferies, upgraded, risk, reward, blackrock, valuation, record, buy


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Apple’s 2020 iPhones will likely get upgraded displays after the XR disappoints

Apple’s full line of 2020 iPhones are likely to get a display upgrade and ditch LCD completely, according to The Wall Street Journal. The iPhone XR is the only model in Apple’s latest iPhone release that still uses an LCD display, rather than an organic light-emitting diode (OLED) display, which allows for greater design flexibility and is supposed to show a higher quality color display. But the phone, which was expected to be more appealing to budget-conscious shoppers with a price tag starting


Apple’s full line of 2020 iPhones are likely to get a display upgrade and ditch LCD completely, according to The Wall Street Journal. The iPhone XR is the only model in Apple’s latest iPhone release that still uses an LCD display, rather than an organic light-emitting diode (OLED) display, which allows for greater design flexibility and is supposed to show a higher quality color display. But the phone, which was expected to be more appealing to budget-conscious shoppers with a price tag starting
Apple’s 2020 iPhones will likely get upgraded displays after the XR disappoints Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-22  Authors: lauren feiner, vcg, visual china group, getty images, todd haselton
Keywords: news, cnbc, companies, likely, month, xr, model, apples, lcd, disappoints, xs, iphones, earlier, upgraded, displays, iphone, display, sales, 2020


Apple's 2020 iPhones will likely get upgraded displays after the XR disappoints

Apple’s full line of 2020 iPhones are likely to get a display upgrade and ditch LCD completely, according to The Wall Street Journal.

The iPhone XR is the only model in Apple’s latest iPhone release that still uses an LCD display, rather than an organic light-emitting diode (OLED) display, which allows for greater design flexibility and is supposed to show a higher quality color display. But the phone, which was expected to be more appealing to budget-conscious shoppers with a price tag starting at $750 rather than $999 for the XS, has failed to meet sales expectations. Earlier this month, Apple published a letter to investors downgrading its guidance for its first quarter 2019 in light of weak iPhone sales, among other factors.

However, CEO Tim Cook told CNBC earlier this month that the XR has been Apple’s best-selling iPhone model since it launched last fall.


Company: cnbc, Activity: cnbc, Date: 2019-01-22  Authors: lauren feiner, vcg, visual china group, getty images, todd haselton
Keywords: news, cnbc, companies, likely, month, xr, model, apples, lcd, disappoints, xs, iphones, earlier, upgraded, displays, iphone, display, sales, 2020


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