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Business

CWEB Business News Bank of America Sees Upgraded Price Target Amid Strong Financial Outlook

Analysts are increasingly optimistic about Bank of America (NYSE:BAC), with the consensus price target rising from $47.69 to $53. This upward revision signals growing...

CWEB Business News- Wheaton Precious Metals Strengthens Market Position as Analysts Boost Price Target

Wheaton Precious Metals (NYSE: WPM) continues to solidify its standing as a leader in the precious metals streaming industry, with top financial analysts expressing...

Meta Platforms, Inc. (NASDAQ:META) Maintains Strong Market Position

UBS maintains a "Buy" rating for NASDAQ:META, increasing its price target from $635 to $690. META's new product launches have led to a new all-time...

Google Faces Competitive Pressures in Digital Advertising

Stephen Ju from UBS sets a new price target of $187 for NASDAQ:GOOG, indicating an 11.7% potential upside from its current price. Google's search advertising...

Morgan Stanley Maintains “Overweight” Rating for Tesco PLC (PNK:TSCDY)

Morgan Stanley has reaffirmed its "Overweight" rating for Tesco PLC (PNK:TSCDY), increasing its price target from 393 GBp to 427 GBp. Despite a downgrade from...

Portillo’s Shares Drop 4 percent Following Stephens’ Downgrade

Portillo's, Inc. (NASDAQ:PTLO) shares dropped more than 4% intra-day today after Stephens analysts downgraded the company from Overweight to Equal Weight, noting the stock’s...

Jefferies Initiates American Water at Underperform, Highlighting Growth Challenges

Jefferies analysts initiated coverage on American Water (NYSE:AWK) with an Underperform rating and set a price target of $124 on the stock. They expressed...

Wells Fargo Downgrades Amazon to Equal Weight, Stock Drops 3 percent

Amazon.com (NASDAQ:AMZN) shares fell nearly 3% intra-day today after Wells Fargo analysts downgraded the company to Equal Weight from Overweight, lowering their price target...

BofA Downgrades Comerica to Underperform, Stock Falls 1 percent

Comerica (NYSE:CMA) shares fell more than 1% after BofA Securities analysts downgraded to Underperform from Neutral, setting a new price target of $52, down...

Evercore ISI Lowers Domino’s Price Target Ahead of Q3 Earnings, Shares Drop 3 percent

Domino's Pizza (NYSE:DPZ) shares fell more than 3% intra-day today after Evercore ISI analysts revised their price target to $480, down from $500, while...

Apple Cut to Hold by Jefferies, Stock Down 1 percent

Apple (NASDAQ:AAPL) shares dipped more than 1% intra-day today following a downgrade from Jefferies, which shifted its rating on the tech giant to Hold...

Pentair plc (NYSE:PNR) Shows Promising Future Despite Mixed Analyst Views

Analyst consensus price target for Pentair plc (NYSE:PNR) has increased, indicating growing confidence in the company's future prospects. Pentair's recent financial performance has been strong,...

PepsiCo, Inc. (NASDAQ: PEP) Overview: Navigating the Beverage and Snack Market

The consensus price target for PepsiCo has shown minor fluctuations, indicating a cautiously optimistic outlook from analysts. PepsiCo's recent acquisition of Siete Foods for $1.2...

The Duckhorn Portfolio’s Strategic Acquisition and Market Performance

NYSE:NAPA maintained a "Market Perform" rating by BMO Capital with a raised price target from $9 to $11. Shares of NAPA doubled in value following...

HSBC Downgrades American Express (NYSE:AXP) to “Hold”

HSBC downgraded American Express (NYSE:AXP) from "Buy" to "Hold" with a current stock price of $273.79. The company has experienced significant growth since its IPO,...

Starbucks Corporation (NASDAQ:SBUX) Price Target and Market Performance

Citigroup sets a price target of $99 for Starbucks, indicating a potential increase of approximately 3.03%. Starbucks' current stock price is $96.09, with a trading...

Tilray Brands Inc. (NASDAQ: TLRY) Earnings Preview: Key Financial Metrics and Projections

Earnings per Share (EPS) is predicted to be -$0.05 with revenue expectations around $219.29 million. The company's Price-to-Earnings (P/E) ratio stands at -5.71, indicating negative...

US Dividend ETFs Bask in Investor Attention After Jumbo Fed Rate Cut

Following a substantial interest rate cut by the Federal Reserve, US dividend ETFs are experiencing a surge in investor attention. This development has significant...

Uber and Lyft Drivers Use Teslas as Makeshift Robotaxis: Safety Concerns Arise

In a fascinating trend, Uber and Lyft drivers are increasingly using Tesla vehicles as makeshift robotaxis. While this practice presents an innovative approach to...

Hedge Funds Well-Positioned to Stabilize Portfolios Around US Elections: Insights from UBS

As the 2024 US elections approach, market volatility is expected to rise. According to UBS, hedge funds are strategically positioned to stabilize their portfolios...

US Recession Likely: Is Soft Landing Wishful Thinking? Insights from BCA Research

As economic indicators fluctuate, the debate over the likelihood of a US recession continues to heat up. BCA Research recently suggested that while some...

How to Limit Exposure to Individual Risks: Insights on the Middle East Conflict

In today’s interconnected world, geopolitical conflicts, such as the recent tensions in the Middle East, can significantly impact global markets. Investors must understand how...

90 percent Cardano (ADA) Price Drop Predicted by Max Keiser: Key Insights

In the volatile world of cryptocurrency, predictions can shift markets in an instant. Recently, renowned financial commentator Max Keiser made headlines by forecasting a...

Top 5 Things to Watch in Markets in the Week Ahead

As investors prepare for the upcoming week, several key factors could influence market movements. Understanding these dynamics will be crucial for making informed investment...

Wells Fargo: Soft Landing More Likely Than Recession

In a recent analysis, Wells Fargo has indicated that a soft landing for the U.S. economy is more probable than a full-blown recession. This...

Yardeni Research Calls China’s Stimulus Measures ‘Twin Bazookas’

China’s recent economic stimulus measures have been referred to as “twin bazookas” by Yardeni Research, signaling their massive potential to impact global markets. As...

How Fed Rate Cuts May Boost Commodity Demand: Insights from Wells Fargo

The Federal Reserve's decisions on interest rates have wide-reaching effects, particularly on the demand for commodities. With Wells Fargo predicting potential rate cuts in...

Mexico Stocks Higher at Close of Trade: SPBMV IPC Up 1.81 percent

Mexico's stock market closed on a positive note, with the SPBMV IPC index rising by 1.81%. This upward movement reflects investor optimism and is...

Futures Steady Before Key Payrolls Data as Investors Weigh Middle East Risks

As the market prepares for critical payrolls data release, futures are exhibiting a steady performance. Investors are navigating a complex landscape of economic indicators...

Vista Outdoor Strikes Deal to Sell Itself in Two Parts for $3.4 Billion

Vista Outdoor, a major player in the outdoor recreation industry, has announced a significant strategic move by agreeing to sell itself in two separate...

Hedge Funds Well-Positioned to Stabilize Portfolios Around U.S. Elections: UBS

With the U.S. elections looming, market volatility is expected to rise. According to UBS, hedge funds are well-positioned to stabilize portfolios during this period....

What’s the Outlook for Gas Utility Stocks After China’s Stimulus?

China’s recent economic stimulus has created buzz, especially for sectors like gas utilities. With its focus on cleaner energy and infrastructure, gas utility stocks...

5 Big Analyst AI Moves: JPMorgan Sees Significant Downside Risk in Tesla Stock

This week, major analysts released insights focused on companies deeply involved in artificial intelligence (AI), underscoring the market's evolving views on the AI sector...

Street Calls of the Week

This past week saw several key updates and insights from Wall Street analysts regarding major companies. Analysts made critical calls that could influence market...

How to Handle a Potential Chinese “Bazooka”

The concept of a "bazooka" in economic terms refers to a major stimulus or financial intervention intended to stabilize or boost the economy. As...

Where Does the AI Semiconductor Ecosystem Go From Here?

The AI semiconductor ecosystem is at the forefront of technological innovation, with the market poised for rapid growth due to increasing demand for artificial...

Saudi Arabia Stocks Drop as Tadawul All Share Index Falls 1.58 percent

Saudi Arabia's stock market experienced a downturn, with the Tadawul All Share Index closing 1.58% lower. This decline reflects growing concerns over the current...

Canaccord Genuity Raises DigitalOcean Price Target to $48, Stock Soars 8 percent

Canaccord Genuity analysts increased their price target on DigitalOcean (NYSE:DOCN) to $48 from $42 while maintaining their Buy rating. The company shares closed with...

JPMorgan Lowers Duckhorn Portfolio Price Target to $7 Ahead of Q4 Earnings Release

JPMorgan analysts reduced their price target for The Duckhorn Portfolio (NYSE:NAPA) to $7, down from $9, while maintaining a Neutral rating ahead of the...

Stephens Reiterates Overweight Rating on Carvana, Highlights Market Share Growth Potential

Stephens analysts reaffirmed their Overweight rating and $190 price target on Carvana (NYSE:CVNA), emphasizing the company's potential in transforming the $1+ trillion U.S. used...

BofA Securities Boosts Shift4 Payments Price Target to $100, Citing Long-Term Growth Potential

Shift4 Payments (NYSE:FOUR) shares rose more than 2% on Friday after BofA Securities analyst raised their price target on the company to $100 from...

Abercrombie & Fitch Added to JPMorgan’s Positive Catalyst Watch List, Stock Surges 9 percent

Shares of Abercrombie & Fitch (NYSE:ANF) gained more than 9% on Friday after JPMorgan Chase added the retailer to its Positive Catalyst Watch list,...

Rivian Slashes Full-Year Production Forecast, Shares Drop Over 3 percent

Rivian Automotive (NASDAQ:RIVN) shares dropped over 3% on Friday after the company slashed its full-year production forecast, citing a major disruption caused by a...

TD Cowen Reiterates Buy Rating on Abbott Labs Ahead of Q3 Earnings

TD Cowen analysts reaffirmed their Buy rating and maintained a $130 price target on Abbott Labs (NYSE:ABT) stock. The analysts expressed confidence that Abbott's...

Barclays Raises Lamb Weston Price Target to $74 Following Q1 Earnings

Barclays analysts raised the price target on Lamb Weston (NYSE:LW) to $74 from $70 while maintaining an Overweight rating, following the company’s reported Q1...

Macquarie Lifts Roku Price Target to $90, Cites Impressive Growth

Roku (NASDAQ:ROKU) shares rose more than 1% intra-day today after Macquarie analysts raised the price target on the company to $90 from $72, maintaining...

JPMorgan Raises Tesla Price Target to $130, Cites Softer Q3 Deliveries and 2024 Outlook

JPMorgan analysts raised their price target on Tesla (NASDAQ:TSLA) to $130 from $115 while maintaining an Underweight rating on the stock. The analysts explained the...

Levi Strauss Reviews Dockers Brand for Potential Sale, Lowers Annual Revenue Forecast

Levi Strauss (NYSE:LEVI) announced that it is exploring strategic alternatives for its Dockers brand, including a potential sale, while also lowering its full-year revenue...

Constellation Brands Surpasses Q2 Expectations, But Stock Falls 2 percent

Constellation Brands (NYSE:STZ) reported stronger-than-expected second-quarter earnings, driven by the continued success of its beer division, which outpaced the broader beverage market. However, following...

Elon Musk richest billionaire in the world according to Forbes, Bloomberg Billionaire Index, CWEB reports

Elon Musk is the richest billionaire in the world, according to both Forbes 400 and the Bloomberg Billionaire List. While Forbes has listed the...
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