Oppenheimer

Oppenheimer: Maintains Intel (NASDAQ:INTC) in line with the broader market rating

/ / Technology / ,

Oppenheimer analyst Rick Schafer said that given the current business situation and cash outlays, the news that Intel (NASDAQ:INTC) announced a dividend reduction is not surprising. The analyst acknowledged that Intel has taken steps to reduce dividends to achieve its leadership in processes and regional manufacturing, still believes management is in “proof mode” and that the company’s years of revitalization efforts are working, and he maintains Intel’s market-aligned rating.

Oppenheimer: Maintains Intel (NASDAQ:INTC) in line with the broader market rating Read Post »

Oppenheimer: Gives Walmart (NYSE:WMT) an outperform rating with a $160 price target

/ / Consumer Discretionary / ,

Oppenheimer analyst Rupesh Parikh said the health of Walmart’s (NYSE:WMT) business looks stronger than the company expected, with larger grocery store share growth, healthy growth in other revenue streams and tighter controls on capital spending. The analyst believes that management’s 2-2.5% sales growth guidance for Walmart in the United States is conservative given its stronger expectations for food inflation, the potential for continued share growth, and the high-single-digit sales growth momentum until 2022. With standards reset and the company’s favorable fundamental view, the bank re-added Walmart to the list of best options after multiple quarters. He has an outperform rating on the stock with a $160 price target.

Oppenheimer: Gives Walmart (NYSE:WMT) an outperform rating with a $160 price target Read Post »

Oppenheimer: Upgraded Alphabet Inc.(NASDAQ:GOOGL) with a price target of $155 Maintain an “Outperform” rating

/ / Technology / ,

Google’s parent company Alphabet Inc.(NASDAQ:GOOGL) After the Q4 results, Oppenheimer analyst Jason Helfstein raised his price target to $155 from $130, maintaining an “outperform” rating. The analyst said in a research note that the weak macro environment eventually affected Alphabet’s search business. The 4% decrease in the company’s net advertising revenue due to layoffs may be offset by lower operating expenses and reduced losses on Google Cloud Platform.

Oppenheimer: Upgraded Alphabet Inc.(NASDAQ:GOOGL) with a price target of $155 Maintain an “Outperform” rating Read Post »

Oppenheimer Comments on S&P Global Inc.’s FY2022 Earnings (NYSE:SPGI)

/ / Financials / ,

S&P Global Inc. (NYSE:SPGI) –  Oppenheimer increased their FY2022 earnings per share (EPS) estimates for shares of S&P Global in a report issued on Thursday, January 5th. Oppenheimer analyst O. Lau now anticipates that the business services provider will earn $11.11 per share for the year, up from their previous forecast of $11.06. The consensus estimate for S&P Global’s current full-year earnings is $11.10 per share. Oppenheimer also issued estimates for S&P Global’s Q4 2022 earnings at $2.47 EPS, Q1 2023 earnings at $2.93 EPS, Q2 2023 earnings at $3.08 EPS, Q3 2023 earnings at $3.26 EPS, Q4 2023 earnings at $3.31 EPS, FY2023 earnings at $12.59 EPS and FY2024 earnings at $14.39 EPS.

Oppenheimer Comments on S&P Global Inc.’s FY2022 Earnings (NYSE:SPGI) Read Post »

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