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Business

CWEB Business News Urban Outfitters Maintains Neutral Rating and Price Target Increase by UBS

UBS has reaffirmed its Neutral stance on Urban Outfitters, Inc. (NASDAQ: URBN) while raising its price target for the specialty retailer. The firm increased...
Business

CWEB Business News: Strategic Synergy – Analysts Applaud Amazon-Hertz Alliance as a Paradigm Shift in Digital Vehicle Commerce

In a landmark move that signals a significant expansion of its ecosystem, Amazon.com, Inc. (NASDAQ: AMZN) has announced a pivotal partnership with The Hertz...
Business

Volvo Car Hits Record Sales in March, Demonstrates Strong Growth

Business
Volvo Car Achieves Record-Breaking Sales Performance in March Volvo Car, the esteemed automobile manufacturer, recently announced a record-breaking sales performance for March, showcasing a significant...

AstraZeneca’s FDA Approval: A Game Changer for Pediatric Asthma

Business
AstraZeneca's FDA Approval Marks a Milestone for Pediatric Asthma Treatment AstraZeneca (AZN:NASDAQ) recently received a nod of approval from the FDA for its drug Fasenra,...

Cyngn Inc. and Polaris Inc. Strategic Partnership in Powersports Industry

Business
Cyngn Inc. Partners with Polaris Inc.: A Strategic Move in the Powersports Industry Cyngn Inc. (CYN:NASDAQ) has embarked on a strategic partnership with Polaris Inc....

Omnicom Group Inc. Q1 2024 Earnings Report Preview: Key Financial Insights

Business
Omnicom Group Inc. Quarterly Earnings Report Preview Omnicom Group Inc. (NYSE: OMC) is gearing up to unveil its quarterly earnings report on Tuesday, April 16,...

UBS Downgrades Toast Inc. to Underperform Amidst Diverse Analyst Views

Business
UBS Downgrades Toast Inc. (TOST:NYSE) to Underperform On Friday, April 12, 2024, UBS downgraded Toast Inc. (TOST:NYSE) to Underperform while maintaining a hold position, as...

A.O. Smith Corporation (AOS) New Price Target by Jefferies – Growth Outlook

Business
A.O. Smith Corporation (AOS:NYSE) Receives New Price Target from Jefferies On Friday, April 12, 2024, Saree Boroditsky from Jefferies set a new price target for...

Citigroup beats Street estimates in first quarter on earnings, revenue, CWEB analysts review

Business
Citigroup (C) posted its first-quarter results on Friday. It beat analysts' estimates in both earnings and revenue. Although profit fell from a year earlier...

Wells Fargo Quarterly Earnings Preview: EPS and Revenue Projections

Business
Wells Fargo & Company Quarterly Earnings Preview Wells Fargo & Company (WFC:NYSE) is gearing up for its quarterly earnings announcement on Friday, April 12, 2024,...

Albemarle Earns an Upgrade at Berenberg, Shares Rise

Business
Albemarle (NYSE:ALB) shares rose more than 1% pre-market today after Berenberg analysts upgraded the company to Buy from Hold, setting a new price target...

PPG Industries Upgraded at Wells Fargo

Business
Wells Fargo analysts upgraded PPG Industries (NYSE:PPG) from Equal Weight to Overweight and increased their price target on the stock from $140 to $163....

Robinhood Drops 3 percent on Citi’s Downgrade

Business
Robinhood Markets (NASDAQ:HOOD) shares fell nearly 3% pre-market today after Citi's analysts downgraded the company to Sell from Neutral, adjusting their price target to...

Scotiabank Raises Pioneer Natural Resources (PXD) Price Target to $282

Business
Scotiabank Analyst Updates Price Target for Pioneer Natural Resources Paul Cheng of Scotiabank recently updated the price target for Pioneer Natural Resources (PXD:NYSE) to $282,...

eBay, Collectors announce commercial agreement, eBay gets Goldin, PSA gets eBay Vault, CWEB analyzes

Business
eBay has entered into a commercial agreement with Collectors, the parent company of PSA. The series of transactions includes a commercial agreement and acquisitions....

Jean Paul Gaultier, Nina Ricci, beauty parent to go public, CWEB analyzes biggest global IPO

Business
Privately held Spanish company Puig, which owns luxury fashion and perfume brands including Jean Paul Gaultier, Nina Ricci, Carolina Herrera, Paco Rabanne, Charlotte Tilbury,...

International Flavors & Fragrances Earns an Upgrade at Citi

Business
Citi's analysts upgraded International Flavors & Fragrances (NYSE:IFF) rating from Neutral to Buy, boosting the price target to $100 from $81. This optimism is...

Hims and Hers Initiated With a Buy Rating at Canaccord Genuity

Business
Canaccord Genuity's analysts started covering Hims and Hers (NYSE:HIMS) with a Buy rating, setting a target price of $20. The analysts noted that while...

Delta Air Lines Shares Gain on Q1 Beat & Strong Guidance

Business
Delta Air Lines (NYSE:DAL) reported earnings for the first quarter that outperformed analyst forecasts, driven by robust demand and strong operational efficiency. The airline's...

Moderna Shares Gain After Promising Trial Results

Business
Moderna (NASDAQ:MRNA) stock climbed more than 6% yesterday following promising results from an early-stage trial of its personalized cancer vaccine, developed in partnership with...

TSMC Reports a Significant Jump in March Sales

Business
Taiwan Semiconductor Manufacturing (NYSE:TSM) reported a significant increase in its March sales, attributed largely to the growing demand for chips fueled by advancements in...

monday.com Slashed to Neutral at Citi, Shares Drop 8 percent

Business
monday.com (NASDAQ:MNDY) shares dropped more than 8% intra-day today after Citi's analysts downgraded the company to Neutral from Buy, adjusting their target price to...

Norfolk Southern Sees Bright Future with RBC Capital’s $270 Price Target Amid $600M Settlement

Business
Optimistic Outlook for Norfolk Southern Corporation by RBC Capital Walter Spracklin of RBC Capital has recently provided an optimistic outlook for Norfolk Southern Corporation (NSC:NYSE),...

FactSet Research Systems Started With Underperform Rating at Wolfe

Business
Wolfe Research's analysts started coverage on FactSet Research Systems (NYSE:FDS) with an Underperform rating, setting a price target at $430 on the stock. The analysts...

JPMorgan Analysts Remain Bullish on Apple

Business
JPMorgan's analysts adjusted their price target for Apple (NASDAQ:AAPL) to $210 from $215, yet maintained their Overweight rating. The analysts observed that despite challenges...

Block’s Price Target Raised at Wolfe Research

Business
Wolfe Research's analysts increased their price target for Block (NYSE:SQ) to $100 from $95, while continuing to recommend an Outperform rating. The analysts highlighted...

Nvidia stock falls 10 percent, CWEB analysts comment on stock entering correction territory

Business
Nvidia (NVDA) stock fell 10 percent on Tuesday from its all-time closing high. The chipmaker has had a bullish run from the past year...

Slam Dunk for Alphabet’s YouTube channel Dude Perfect, gets more than $100 million in private investment

Business
Alphabet's YouTube channel Dude Perfect scored big after a private investor based in New York agreed to give the Texas-based channel a nine-figure investment....

Alphabet’s Google announces Arm-based CPUs called Google Axion, CWEB analysts upgrade stock

Business
Alphabet announced its latest investment in silicon, which is called Google Axion Processors. These new processors have company-registered Arm chips designed for the data...

Netflix’s Price Target Raised at Goldman Sachs Ahead of Earnings

Business
Goldman Sachs analysts updated Netflix’s (NASDAQ:NFLX) price target to $600, up from $565, while maintaining their Neutral rating. This adjustment comes ahead of Netflix's...

Wedbush Maintains its Bullish Stance on Apple

Business
Wedbush analysts maintained an Outperform rating and a $250 price target for Apple (NASDAQ:AAPL), highlighting a strategic perspective that focuses on navigating the challenging...

Fastly Reiterated With Overweight Rating at Piper Sandler

Business
Piper Sandler analysts maintained their Overweight rating and a $16 price target for Fastly (NYSE:FSLY). According to the analysts, both Akamai and Fastly, being...

BMO Capital Sees Steady Upside For IBM

Business
BMO Capital analysts maintained their Market Perform rating and a $210 price target for IBM (NYSE:IBM), suggesting that for both IBM Consulting and Software...

Cardlytics’ Price Target Raised at Needham

Business
Needham analysts boosted their price target for Cardlytics (NASDAQ:CDLX) to $17 from $15, while keeping their Buy rating on the stock. The analysts' updated...

Perion Network Shares Drop 40 percent on Guidance Cut

Business
Perion Network (NASDAQ:PERI) shares plummeted more than 40% yesterday following the company's preliminary results announcement, which included a lowered revenue outlook. This revision was...

Shockwave Medical to be Acquired for $13.1 Billion by Johnson & Johnson

Business
Johnson & Johnson (NYSE:JNJ) has confirmed its acquisition of Shockwave Medical (NASDAQ:SWAV) for a $13.1 billion. For every Shockwave share, Johnson & Johnson will...

Blackstone announces approximately $10 billion AIR Communities deal, CWEB reports

Business
Blackstone and Apartment Income REIT Corp. announced on April 8 on its site that the two companies had entered into an agreement and listed...

Shockwave Medical to be Acquired for $13.1 Billion by Johnson & Johnson

Business
Johnson & Johnson (NYSE:JNJ) has confirmed its acquisition of Shockwave Medical (NASDAQ:SWAV) for a $13.1 billion. For every Shockwave share, Johnson & Johnson will...

Spotify’s Price Target Raised at JPMorgan Ahead of Earnings

Business
JPMorgan analysts increased their price target on Spotify (NYSE:SPOT) to $320 from $280 while maintaining an Overweight rating. The analysts are optimistic about Spotify's...

NVIDIA Named a New Top Pick at Cantor

Business
Cantor Fitzgerald analysts maintained their Overweight rating and a $1,200 price target on NVIDIA (NASDAQ:NVDA), highlighting the continued strong momentum in AI as a...

Anheuser-Busch InBev’s Price Target Cut at Morgan Stanley

Business
Morgan Stanley analysts adjusted their price target for Anheuser-Busch InBev (NYSE:BUD) to $68.50 from $69.00, while still recommending an Overweight rating. Morgan Stanley's update...

Baidu’s Buy Rating Maintained at Jefferies

Business
Jefferies analysts maintained a Buy rating and a $179 price target on Baidu (NASDAQ:BIDU), adjusting the analysis to account for recent business activities and...

Boeing Shares Drop Following Another Incident

Business
Boeing’s (NYSE:BA) shares dipped more than 1% pre-market today following a Sunday report about a Southwest Airlines Boeing 737-800 losing an engine cowling during...

Tesla Shares Gain 2 percent on Robotaxi News, Analysts React

Business
Tesla (NASDAQ:TSLA) stock saw a premarket rise of over 2% today following CEO Elon Musk's announcement that the company plans to unveil a "robotaxi"...

Shockwave Medical to be Acquired for $13.1 Billion by Johnson & Johnson

Business
Johnson & Johnson (NYSE:JNJ) has confirmed its acquisition of Shockwave Medical (NASDAQ:SWAV) for a $13.1 billion. For every Shockwave share, Johnson & Johnson will...

Jefferies Bullish on Meta Platforms with a New $585 Price Target

Business
Jefferies' Recent Update on Meta Platforms Inc. (META:NASDAQ) Jefferies' recent update on Meta Platforms Inc. (META:NASDAQ) reaffirms its belief in the company's growth potential, maintaining...

Shockwave Medical to be Acquired for $13.1 Billion by Johnson & Johnson

Business
Johnson & Johnson (NYSE:JNJ) has confirmed its acquisition of Shockwave Medical (NASDAQ:SWAV) for a $13.1 billion. For every Shockwave share, Johnson & Johnson will...

Tesla shares rise 3 percent after Elon Musk reveals robotaxi date, web fans pour in love

Business
Tesla shares rose by 3 percent after Elon Musk revealed on his platform when a much-anticipated project, Robotaxi, would be unveiled. The new business...

All that glitters is gold as it crosses $2300, CWEB analyzes the bullish run of gold

Business
Gold is a precious metal that has been hitting record highs through the first few months of the year, and analysts, including those from...

Micron Mentioned as a Top Pick at Citi

Business
Citi's analysts reaffirmed their Buy rating and a $150 target price for Micron Technology (NASDAQ:MU), highlighting it as their top pick. The analysts' confidence...
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