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Business

CWEB Business News Capital Efficiency in Cybersecurity: How Top Firms Stack Up

The cybersecurity sector is booming, but not all companies are equally efficient in turning investments into profits. A deep dive into key financial metrics...

CWEB Business News Pfizer Surpasses Q2 Earnings Expectations and Boosts Full-Year Profit Outlook

Pfizer Inc. (NYSE: PFE) delivered a stronger-than-anticipated second-quarter performance, beating analyst estimates and prompting an upward revision of its annual profit forecast. The pharmaceutical...

Avid Bioservices, Inc. Reports Mixed Financial Results for Q4 Fiscal Year 2024

Avid Bioservices reported an EPS of -1.94, significantly below the anticipated -0.038, indicating a larger-than-expected loss. The company's revenue for the fourth quarter was $42.98...

Saks parent gets Amazon help to buy Neiman Marcus, CWEB analyzes

Amazon (AMZN) is helping the parent of Saks Fifth Avenue, Hudson Bay Co., buy Neiman Marcus in a $2.65 billion deal. People familiar with...

eBay Inc. (NASDAQ: EBAY) – A Deep Dive into the E-Commerce Giant’s Outlook. CWEB, Benchmark analysts reiterate a Buy rating

Introduction eBay Inc., a leading global e-commerce platform, has maintained a prominent position in the online marketplace industry since its inception in 1995. Over the...

Goldman Sachs Upgrades On Holding AG to Buy

Goldman Sachs upgraded On Holding AG to Buy from Neutral and increased the price target from $41 to $47. On Holding AG's strategy focuses on...

Charter Communications Faces Downgrade and Legal Investigations

Citigroup downgraded Charter Communications to Sell, indicating potential concerns over the company's future performance. Kehoe Law Firm, P.C., is investigating potential breaches of fiduciary duties by...

UBS Adjusts Walgreens Boots Alliance Price Target

UBS has revised the price target for Walgreens Boots Alliance to $12, indicating a cautious outlook. Walgreens faces operational challenges and stiff competition, impacting its...

Baird Increases Expeditors International’s Price Target to $126, Shares Rise 2 percent

Expeditors International (NYSE:EXPD) shares rose more than 2% on Wednesday after Baird analysts increased their price target on the company to $126 from $118...

Intuit Stock Started With Outperform Rating at RBC Capital

RBC Capital analysts initiated coverage on Intuit (NASDAQ:INTU) stock with an Outperform rating and a price target of $760. The analysts highlighted Intuit's strong market...

Baird Raises Forward Air Price Target, Maintains Neutral Rating

Baird analysts increased their price target for Forward Air (NASDAQ:FWRD) to $17 from $14 while maintaining a Neutral rating on the stock. The analysts noted...

Needham Reiterates Buy on Alphabet, Estimates Youtube’s Value at $455-$634 Billion

Needham analysts reaffirmed a Buy rating for Alphabet (NASDAQ:GOOGL) with a $210 price target on the stock. Needham analyzed YouTube's potential value as an...

Canaccord Genuity Slashes Price Target on Rocket Pharmaceuticals to $40

Canaccord Genuity analysts revised their price target for Rocket Pharmaceuticals (NASDAQ:RCKT) down to $40 from $49, while maintaining a Buy rating on the stock....

TD Cowen Cuts Price Target on Pepsico to $190

TD Cowen analysts reduced their price target for PepsiCo (NASDAQ:PEP) to $190 from $200, maintaining a Buy rating on the stock. The analysts highlighted...

Walmart and Sam’s Club: Open for July 4th with Special Deals and Extended Hours. CWEB reports

Walmart (WMT) will be open on July 4th, allowing shoppers to conveniently pick up last-minute items like jewelry, razors, water bottles, clothes, or Crocs...

Helen of Troy Limited Earnings Report Preview

Earnings per Share (EPS) is anticipated to be $1.59. Projected revenues are expected to be around $446.22 million. The stock has experienced a downturn, with the...

Williams-Sonoma, Inc. Announces Stock Split

Williams-Sonoma, Inc. is set to execute a stock split, offering 2 shares for every 1 share held by investors, effective July 9, 2024. The company's...

Pure Storage Downgraded by UBS

UBS downgraded Pure Storage to a Sell rating from its previous Buy status. Pure Storage has seen its stock price increase by 3.1% since its...

KeyBanc Updates Price Target for Monday.com Ltd. 

KeyBanc has updated the price target for monday.com Ltd. to $270, indicating a potential increase of 12.51% from its current trading price. The new target...

McDonald’s Corporation Price Target Update and Industry Challenges

Guggenheim adjusts McDonald's Corporation's price target to $280, indicating a potential 12% increase. The adjustment reflects optimism despite challenges like the bird flu outbreak affecting...

UBS Lowers Price Target on Jazz Pharmaceuticals

UBS analysts reduced their price target on Jazz Pharmaceuticals (NASDAQ:JAZZ) to $113 from $117, while maintaining a Neutral rating on the stock. The analysts...

BTIG Initiates MGM Resorts Coverage with Buy Rating and $52 Price Target

BTIG analysts started coverage on MGM Resorts (NYSE:MGM) with a Buy rating and a $52 price target on the stock. The analysts highlighted the attractive...

Polestar Shares Down Following Wider-Than-Expected Q1 Loss

Shares of Polestar (NASDAQ:PSNY) closed with more than 1% drop on Tuesday after the electric vehicle (EV) manufacturer reported a larger-than-expected net loss for...

Conn’s Nears Bankruptcy Filing, Shares Plunge 28 percent

Conn's (NASDAQ:CONN) is reportedly preparing for a potential bankruptcy filing amid declining sales and difficulties integrating a rival chain, according to a Bloomberg report...

Piper Sandler Downgrades CrowdStrike on Valuation Concerns

Piper Sandler downgraded CrowdStrike (NASDAQ:CRWD) to Neutral from Overweight, citing concerns over valuation despite maintaining a positive outlook on the company's prospects. The analysts noted...

Tesla Surges Over 10 percent After Beating Quarterly Delivery Expectations

Tesla (NASDAQ:TSLA) saw its shares surge over 10% on Tuesday following the announcement of its latest quarterly delivery figures, which surpassed Street expectations. In Q2,...

Watch Alphabet’s Google says latest Gemini AI is 20 percent faster than latest ChatGPT, CWEB reports

  Alphabet's Google (GOOGL) recently launched its newest AI model, Gemini, to the general public. It said that its latest Gemini 1.5 Flash is 20...

Tesla Q2 deliveries beat analysts expectations, shares rise by 8 percent premarket, CWEB reports

Tesla (TSLA) posted its vehicle production and deliveries for the second quarter, and its shares rose by 8 percent in pre-trading this morning. The...

The Greenbrier Companies, Inc. Earnings Preview

Greenbrier Companies, Inc. is set to release its quarterly earnings with expectations of $1.08 per share and revenue of $928.73 million. The company has scheduled...

Goldman Sachs Sets Price Target for Crown Castle International Corp. 

James Schneider of Goldman Sachs has set a price target of $104 for Crown Castle International Corp., indicating a potential upside of 6.45%. Despite financial...

NextEra Energy Partners, LP, Downgraded by RBC Capital Amid Evolving Energy Landscape

RBC Capital downgrades NextEra Energy Partners, LP, to Sector Perform from Outperform, reflecting a cautious outlook on the stock's future performance. The downgrade occurs in...

Elanco Animal Health Incorporated Price Target Update

David Westenberg of Piper Sandler increases the price target for Elanco Animal Health Incorporated to $16, indicating a positive outlook on the company's financial...

Jefferies Upgrades Boeing to Buy Amid Spirit AeroSystems Acquisition

Jefferies upgrades Boeing to Buy, highlighting the long-term benefits despite potential EPS dilution in 2026. Boeing announces a strategic acquisition of Spirit AeroSystems for $4.7...

Stifel Analysts Increase CACI International Price Target to $500, Maintain Buy Rating

Stifel analysts increased their price target for CACI International (NYSE:CACI) to $500 from $440, while maintaining a Buy rating on the stock. The analysts highlighted...

Goldman Sachs Initiates Buy Rating on Verizon Communications

Goldman Sachs analysts initiated coverage on Verizon Communications (NYSE:VZ) with a Buy rating and a price target of $50 on the stock. The analysts believe...

Stephens Lowers Price Target on GMS to $95 Following Recent Earnings

Stephens analysts reduced their price target for GMS (NYSE:GMS) to $95 from $112, while maintaining an Overweight rating on the stock. The analysts explained...

Piper Sandler Reiterates Overweight Rating on nCino Following Investor Meetings

Piper Sandler analysts reaffirmed an Overweight rating and a $38 price target on nCino (NASDAQ:NCNO) following investor meetings with CFO Greg Orenstein and Director...

Chewy Stock Soars 11 percent After Keith Gill Reveals 6.6 percent Stake in the Company

Shares of online pet retailer Chewy (NYSE:CHWY) surged more than 11% in pre-market today after stock influencer Keith Gill disclosed a 6.6% stake in...

Boeing to Reacquire Spirit Aerosystems in $4 Billion Deal Amid New Safety Crisis

Boeing (NYSE:BA) has finalized an agreement to reacquire Spirit Aerosystems (NYSE:SPR) for more than $4 billion, concluding months of speculation surrounding the deal as...

Infinera Corporation Acquisition Analysis by Craig-Hallum

Christian Schwab of Craig-Hallum sets a price target of $6.65 for Infinera Corporation, indicating an 8.84% increase from its current price. The acquisition by Nokia...

Redbox parent files for bankruptcy, CWEB reports on Chicken Soup for the Soul Entertainment’s decline

Chicken Soup for the Soul Entertainment Inc. (RDBX) has filed for bankruptcy. The parent company of Redbox DVD kiosks provides self-help books as well...

Nike shares plummet nearly 20 percent after guidance cut, lower quarterly sales, CWEB analyzes

  Nike Inc. (NKE) shares plunged by 20 percent on Friday after the company decreased its full-year guidance. Although the fiscal fourth quarter results reported...

BMO Capital Upgrades Global Net Lease to Outperform

BMO Capital updates its grade for Global Net Lease to Outperform, highlighting improved leverage through strategic dispositions. The sale of the Americold Portfolio for $170...

Kura Sushi USA, Inc. Earnings Preview: A Deep Dive into Financial Metrics

Analysts predict a downturn in earnings for Kura Sushi USA despite a set EPS estimate of $0.15 and projected revenue of $65.39 million. The company's...

Deutsche Bank Maintains “Hold” Rating on Walgreens Boots Alliance Inc 

Deutsche Bank adjusted its price target for Walgreens Boots Alliance Inc  to $13 from $22, maintaining a "Hold" rating. Walgreens announced the closure of a...

Wells Fargo Sets New Price Target for Acuity Brands 

Joseph O'Dea of Wells Fargo has set a new price target for Acuity Brands at $260, indicating a potential upside of 7.21%. Acuity Brands reported earnings...

DA Davidson Slashes Accolade Price Target to $5 on Disappointing Outlook

DA Davidson analysts lowered the price target for Accolade (NASDAQ:ACCD) to $5 from $10 while maintaining a Neutral rating following the company’s reported Q1,...

Citi Lowers Halliburton Price Target Amid Softer Domestic Market

Citi analysts lowered their price target for Halliburton (NYSE:HAL) to $45 from $50 while maintaining a Buy rating on the stock. The analysts cited...

Piper Sandler Adjusts Lincoln National Corporation’s Outlook to Neutral

Piper Sandler has updated its stance on Lincoln National Corporation (NYSE:LNC) to Neutral, raising its price target from $30 to $34. Lincoln National faces an...

SAP Earns an Upgrade at BMO Capital

BMO Capital analysts upgraded SAP (NYSE:SAP) to Outperform from Market Perform and increased their price target on the stock to $237 from $218. The...
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