HSBC analyst Michael Tyndall maintains Tesla (NASDAQ:TSLA) with a Reduce and lowers the price target from $143 to $138.
HSBC analyst Michael Tyndall maintains Tesla (NASDAQ:TSLA) with a Reduce Read Post »
The Walt Disney Company’s (NYSE:DIS) stock is poised for a 20% rise as Bob Iger’s turnaround strategy begins to bear fruit, according to a note from Bank of America released on Monday. What Happened: Bank of America analyst Jessica Reif Ehrlich maintains that Iger’s growth-focused approach appears to be taking hold. The bank has reiterated its “Buy” rating on Disney and raised its price target from $130 to $145 per share, reported Business Insider. “Bob Iger now appears to be in command and control and on a growth offensive,” she wrote. Ehrlich highlighted that Disney’s theme park sector continues to perform robustly, with operating income projected to increase in the low to mid-teens in the fiscal second quarter. Furthermore, following a carriage deal with Charter, Disney is set to see a significant boost in net subscriber growth in the same quarter. This agreement, inked in late 2023, enabled certain Charter customers to access Disney+ without additional charges. Disney’s
Needham analyst Laura Martin maintains Walt Disney (NYSE:DIS) with a Buy and maintains $145 price target.
Needham analyst Laura Martin maintains Walt Disney (NYSE:DIS) with a Buy Read Post »
CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We have completed our semi-annual rebalance of the Warren Buffet Intrinsic Value Portfolio (WBIV). The number of constituents has been reduced by 5 to 64. The rules-based portfolio is comprised of 47 companies that were already in the portfolio before the rebalance and 17 new companies; 22 companies were dropped from the portfolio. The most notable additions to the portfolio are: Netflix (NFLX), Gilead Sciences (GILD), and Synopsys (SNPS). The most notable deletions from the portfolio are: Eli Lilly and Company (LLY), Broadcom (AVGO), Abbvie (ABBV), Applied Materials (AMAT), and Bristol-Myers Squibb (BMY). The average market cap of the WBIV is $254 million and the dividend yield is 1.3%. The most notable increases in sector weightings (vs. the September 2023 rebalance) are Information Technology, up 3.5% to
CFRA Adds Netflix, Inc. To The Warren Buffet Intrinsic Value Portfolio Read Post »
CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We cut our 12-month target by $15 to $220, based on a 2025 P/E of 55x, justified by long-term growth expectations. We lower our adjusted EPS estimates by $0.25 to $2.75 for 2024 and by $0.25 to $4.00 for 2025. TSLA posted Q1 vehicle sales of 386,810 units (-8.5% Y/Y), well short of the 457,000 consensus and our 460,000 estimate. Production totaled 433,371 units (-2% Y/Y) vs. our 440,000 estimate and was impacted by Red Sea shipping delays and an arson attack on its Berlin plant, where production was down for approximately eight days before electricity was restored. Cybertruck volumes were particularly disappointing, raising questions about its ramp-up of the new model. Despite near-term headwinds, we continue to regard Tesla as one of the market’s most compelling
CFRA Maintains Buy Opinion On Shares Of Tesla Inc. Read Post »
General Motors Co. (NYSE:GM) and its dealers increased retail sales by 6% year-over-year and delivered 594,233 vehicles in the U.S. in the first quarter of 2024, down 1.5% year-over-year due to lower fleet deliveries. GM continued its industry leadership in full-size pickup, full-size SUV and affordable small SUV sales, and its scaling of Ultium Platform EV production is on track. “Our brands are all performing well,” said Marissa West, GM senior vice president and president, North America. “GM gained retail market share year-over-year with strong mix and pricing, our inventories are in good shape heading into the spring, and production and deliveries of Ultium Platform EVs are rising, led by the Cadillac LYRIQ. We’re on plan.”
CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We lower our target by $1 to $9, using a narrower risk premium and a forward TEV/EBITDA of 6.24x, below the direct peer average. Adjusted EBITDA is expected to be negative in 1H and then turn positive in 2H 2024. Due to the actor and writer strikes, WBD faces lighter programming content in 2024. WBD is committed to doing a better job with blue-chip movie franchises like Game of Thrones, Harry Potter, and Superman. Free cash flow was $3.3B for Q4 2023 and $6.2B for full-year 2023. We think accelerated growth and profits for MAX video streaming may take longer. We believe the consensus is optimistic with a $13.70 target that suggests a high growth scenario. A year ago, we thought EBITDA would show significant growth in
CFRA Retains Hold Rating On Shares Of Warner Bros. Discovery, Inc. Read Post »
CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We raise our 12-month target to $44 from $38, based on a 2025 P/E of 5.2x, a justified discount to historic averages. We lower our 2024 EPS estimate to $8.80 from $8.90 but leave 2025’s unchanged at $8.50. GM posted Q1 U.S. vehicle sales of 594,233 units (-1.5% Y/Y), well below the industry’s expected Y/Y sales growth of 5.5% for Q1, according to Cox Automotive estimates. EVs acted as a drag on overall volumes, declining by 20.5% Y/Y in Q1. Notably, dealership inventories of GM vehicles hit 534,479 units at the end of March, up 17% from year-end 2023 levels, and the highest level since 2020. With inventories rising rapidly, we expect new vehicle prices to remain under pressure and incentives to continue increasing. Furthermore, Q1 results
CFRA Maintains Hold Opinion On Shares Of General Motors Company Read Post »
Home Depot’s (HD) decision to acquire SRS Distribution for over $18 billion presents more opportunities than risks for the company, UBS said in a note emailed Tuesday. Despite operating SRS independently, the acquisition will help evolve Home Depot’s perception by making it appear more legitimate in the complex projects market. Last year, Home Depot outlined plans to become a one-stop source for professionals in a $200 billion market segment it termed as “complex” pro projects that require many types of products and multiple days of work. The purchase will help Home Depot gain a deeper understanding of the complex pro customer segment and equip it with the tools necessary to serve the market, UBS said. Meanwhile, the acquisition will be dilutive to Home Depot’s fiscal 2025 earnings per share by 2.3% and then accretive by 0.2% to its fiscal 2026 EPS, the firm noted. UBS maintained a 12-month price target
Home Depot Acquisition of SRS Presents More Opportunities Than Risks, UBS Says Read Post »
Jefferies analyst Corey Tarlowe maintains Target (NYSE:TGT) with a Buy and raises the price target from $195 to $205.
Jefferies analyst Corey Tarlowe maintains Target (NYSE:TGT) with a Buy Read Post »
Wells Fargo analyst Colin Langan maintains Tesla (NASDAQ:TSLA) with a Underweight and maintains $125 price target.
Wells Fargo analyst Colin Langan maintains Tesla (NASDAQ:TSLA) with a Underweight Read Post »
Wells Fargo analyst Ken Gawrelski maintains Amazon.com (NASDAQ:AMZN) with a Overweight and raises the price target from $211 to $217.
Wells Fargo analyst Ken Gawrelski maintains Amazon.com (NASDAQ:AMZN) with a Overweight Read Post »