Barclays

Barclays: Raised DraftKings (NASDAQ:DKNG) price target to $23 from $15

Barclays analyst Brandt Montour will raise its price target on DraftKings (NASDAQ:DKNG) to $23 from $15 and maintain its holding. Analysts raised their expectations after the company’s fourth-quarter results, saying DraftKings had made progress on cost-saving and product development measures. However, the company believes the stock’s valuation is fair at current levels.

Barclays: Raised DraftKings (NASDAQ:DKNG) price target to $23 from $15 Read Post »

Barclays slashes ZIM Integrated Shipping Services (NYSE:ZIM) target price: container shipping industry serious ‘oversupply’

Barclays analyst Alexia Dogani said in a research report that the rating of ZIM Integrated Shipping Services (NYSE:ZIM) was downgraded from “flat with the broader market” to “underweight”, and the target price was lowered from $26.50 to $15, and global shipping is expected to have a downward cycle in 2023-24. The analyst said it believes the container shipping industry will enter a period of “severe oversupply” in 2023-24, with capacity capacity expected to grow at an annual rate of 10 per cent, while market demand will remain at -3 per cent compared to 2019.

Barclays slashes ZIM Integrated Shipping Services (NYSE:ZIM) target price: container shipping industry serious ‘oversupply’ Read Post »

Barclays: Raised Starbucks (NASDAQ:SBUX) price target to $123 Maintain an “overweight” rating

Barclays analyst Jeffrey Bernstein raised its Starbucks (NASDAQ:SBUX) price target to $123 from $121 and maintained an “overweight” rating. Starbucks had strong U.S. same-store sales growth in the fiscal first quarter, in line with consensus expectations, but lower-than-expected same-store sales in China had some impact on margins and profits, the analyst said. Still, Starbucks reiterated its fiscal 2023 guidance, showing the company’s confidence in growth momentum in the rest of the world and an upturn in the Chinese market.

Barclays: Raised Starbucks (NASDAQ:SBUX) price target to $123 Maintain an “overweight” rating Read Post »

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