Notable 52-Week Highs and Lows 9/16: (INTC) (AERI) (CRUS) High; (NVAX) (CXRX) (CSIQ) Low
- Nasdaq, S&P tumble as Netflix, chip stocks drag; AmEx boosts Dow
- Sony/Apollo bid for Paramount could be worth as much as $29 billion - Source
- Netflix Q1 earnings top estimates on blowout subscriber growth
- Nasdaq tumbles, Treasuries dip amid earnings, geopolitical crosscurrents
- Gold prices rally past $2,400 on reports of Israel strikes on Iran
- Tritium DCFC Limited (DCFC): Three Australian subsidiaries were determined to be insolvent or likely to become insolvent
- Hasbro (HAS) Announces Resignation of Cynthia Williams, President of Wizards of the Coast and Hasbro Gaming
- Jabil falls after placing CEO on paid leave amid internal investigation
- Frontier Communications (FYBR) says third party had gained unauthorized access to portions of its information technology environment
- Ibotta (IBTA) Prices 6.56M Share IPO at $88/sh
- Midday movers: Netflix, Super Micro fall; Paramount Global gains
- After-hours movers: Netflix, Intuitive Surgical, Nordstrom, KB Home
- Midday movers: Tesla, Blackstone, Las Vegas Sands fall; DR Horton rises
- After-hours movers: Alcoa rises; Equifax and Las Vegas Sands fall
- Midday movers: Travelers, JB Hunt fall; United Airlines rises
Canaccord Genuity Raises Price Target on Intel (INTC) After Meeting with Management
September 20, 2016 11:44 AM EDTCanaccord Genuity reiterated a Buy rating on Intel (NASDAQ: INTC), and raised the price target to $44.00 (from $40.00), after meeting with management. meetings were upbeat and focused on the diversification of DCG opportunities and visibility against stronger 2H/16 guidance in DCG. The meetings also covered the KabyLake launch and overall trends toward PC stabilization longer-term, and the recently announced sale of McAfee.
Analyst Matthew Ramsay commented, "After meeting a broad cross-section of Intel management at... More
Canaccord Genuity Raises Price Target on Cirrus Logic, Inc. (CRUS) After Traveling with Management
September 20, 2016 11:32 AM EDTCanaccord Genuity reiterated a Buy rating on Cirrus Logic, Inc. (NASDAQ: CRUS), and raised the price target to $65.00 (from $56.00), after spending time with management. Some investors are concerned that the increased content in the recently-launched iPhone 7 could mark peak earnings growth for CRUS. However, Canaccord believes that its positive thesis is very much intact.
Analyst Matthew Ramsay commented, "We spent a very productive... More
Brean Capital Raises Price Target as Intel (INTC) Updates Revenue Guidance
September 20, 2016 9:40 AM EDTBrean Capital reiterated a Buy rating on Intel (NASDAQ: INTC), and raised the price target to $40.00 (from $38.00), as the company increased September quarter revenue expectations. The company now expects revenue to be $15.6B plus or minus $300M versus its previous range of $14.9 billion, plus or minus $500 million.
Analyst Mike Burton... More
Nomura Securities Raises Price Target on Intel (INTC) to $42
September 19, 2016 9:16 AM EDTNomura Securities reiterated a Buy rating on Intel (NASDAQ: INTC), and raised the price target to $42.00 (from $38.00). Intel raised its 3Q revenue expectations to $15.6b compared with its previous guidance of $14.9b, implying an EPS of $0.72 vs. Nomura's prior expectation of $0.66.
Analyst... More
UBS Raises Price Target on Intel (INTC) to $43 Ahead of 3Q Report
September 19, 2016 8:46 AM EDTUBS reiterated a Buy rating on Intel (NASDAQ: INTC), and raised the price target to $43.00 (from $40.00), ahead of the company's 3Q earnings report. UBS believes that the company's stock will continue its positive momentum if Intel executes well in 3Q16 and reports y/y data center sales growth of 15%. Intel's new 3Q16 sales guidance is $15.6B versus its... More
Mizuho Securities Raises Price Target on Intel (INTC) to $42; Reiterates Buy
September 19, 2016 8:22 AM EDTMizuho Securities reiterated a Buy rating on Intel (NASDAQ: INTC), and raised the price target to $42.00 (from $38.00), following the company's September quarter preannouncement. INTC raised its midpoint of revenue expectations ~5%, from $14.9B to $15.6B due to PC inventory replenishment and better PC demand.
Analyst Vijay... More