FMP
Nov 20, 2024 9:08 AM - Davit Kirakosyan
Walmart Surges 3% on Strong Q3 Results and Upgraded Annual Outlook
Walmart (NYSE:WMT) shares climbed 3% on Tuesday after the retail giant reported better-than-expected third-quarter results and raised its annual earnings guidance, highlighting continued momentum in its core markets. The company posted adjusted earnings per share (EPS) of $0.58 for the quarter, surp...
Nov 20, 2024 9:06 AM - Davit Kirakosyan
UBS Initiates Neutral Coverage on GlobalFoundries Amid Balanced Prospects and Risks
UBS analysts initiated coverage on GlobalFoundries (NASDAQ:GFS) with a Neutral rating and a $47 price target, highlighting a mix of opportunities and challenges for the semiconductor foundry. GlobalFoundries’ strong positioning stems from its diverse technology portfolio and manufacturing capacity c...
Nov 20, 2024 9:03 AM - Davit Kirakosyan
UBS Raises Lowe’s Price Target Amid Strong Long-Term Growth Potential
UBS analysts increased their price target for Lowe’s (NYSE:LOW) from $290 to $300 while maintaining a Buy rating, after the company reported its Q3 results yesterday. Lowe’s is positioned to benefit significantly from a rebound in big-ticket discretionary categories such as kitchen and bath remodels...
Nov 20, 2024 8:57 AM - Davit Kirakosyan
Stifel Downgrades DMC Global Amid Uncertainty and Market Challenges
Stifel analysts downgraded DMC Global (NASDAQ:BOOM) from Buy to Hold and lowered the price target from $16 to $8, citing unclear prospects for near-term upside and challenges in the company’s outlook. The downgrade reflects several concerns, including the retirement of CEO Michael Kuta and recent ch...
Nov 20, 2024 8:48 AM - Davit Kirakosyan
JPMorgan Upgrades Energizer to Neutral After Q4 Beat
JPMorgan analysts upgraded Energizer (NYSE:ENR) from Underweight to Neutral and raised the price target to $39 from $32, following the company’s Q4 beat yesterday. The analysts cited a more stable outlook for the company’s top-line and bottom-line performance. Energizer’s revenue momentum has accele...
Nov 20, 2024 8:39 AM - Davit Kirakosyan
UBS Raises Amer Sports Price Target Following Q3 Report
UBS analysts increased their price target for Amer Sports (NYSE:AS) from $24 to $27, maintaining a Buy rating, citing robust growth prospects for the company’s Arc’teryx brand and its expanding presence in China. Amer’s third-quarter performance bolstered confidence, with the company raising its fis...
Nov 19, 2024 8:12 AM - Davit Kirakosyan
Spirit Airlines Files for Bankruptcy to Restructure Debt and Secure Future Growth
Spirit Airlines (NYSE:SAVE) announced that it had filed for Chapter 11 bankruptcy protection as part of a prearranged restructuring plan designed to reduce its debt and position the company for long-term stability. Known for its low-cost carrier model, Spirit emphasized that operations would continu...
Nov 19, 2024 7:59 AM - Davit Kirakosyan
BMO Capital Raises Fiserv Price Target on Optimistic Growth Potential
BMO Capital analysts raised their price target for Fiserv (NYSE:FI) to $232, up from $222, while reiterating an Outperform rating. The adjustment reflects potential upside in revenue estimates and justified valuation expansion amid ongoing fintech sector momentum. While Fiserv shares have already ri...
Nov 19, 2024 7:49 AM - Davit Kirakosyan
Citi Raises First Citizens BancShares Price Target Amid Balanced Valuation Outlook
Citi analysts increased their price target for First Citizens BancShares (NASDAQ:FCNCA) from $2,100 to $2,350 while maintaining a Neutral rating. The adjustment reflects revised cost of equity assumptions and a tempered outlook following the stock’s strong year-to-date performance. Bank stock valuat...
Nov 19, 2024 7:46 AM - Davit Kirakosyan
Deutsche Bank Lowers Jack In The Box Price Target Ahead of Earnings Release
Jack In The Box (NASDAQ:JACK) shares fell 3% pre-market today after Deutsche Bank analysts reduced their price target from $56 to $51 while maintaining a Hold rating. The adjustment reflects cautious sentiment ahead of the company’s fiscal fourth-quarter earnings report and fiscal 2025 guidance. Inv...
