Wall Street extends Fed-fueled rally; Nasdaq hits new high

BMO Capital Raises Price Target on Red Hat (RHT) Following 2Q

BMO Capital reiterated an Outperform rating on Red Hat (NYSE: RHT), and raised the price target to $89.00 (from $85.00), following the company's 2Q earnings report. RHT delivered good billings at $573 million vs. estimates of $556 million. Total revenues were $600 million vs. the consensus of $590 million.... More

Cowen Firm on Apple (AAPL) Following Jabil (JBL) Quarterly Results; Boosts Q117 iPhone Estimates

Cowen and Company affirms Apple (Nasdaq: AAPL) with an Outperform rating and $125 price target today, and offers a read-through on the stock following quarterly results from Jabil.

Analyst Tim Arcuri noted that Jabil guided FQ1 (Nov) revs in-line w/ Street (with DMS revs +33% Q/Q and -12% Y/Y). JBLs AugQ and NovQ implied AAPL results (see Figure 1; up ~40% Q/Q in AugQ and up ~30% Q/Q in NovQ) make sense to us and are broadly supportive of our iPhone unit expectations for CQ3 and CQ4 (+13% Q/Q and +60% Q/Q,... More

RBC Capital Raises Price Target on Jabil Circuit (JBL) Following 4Q Beat

RBC Capital reiterated a Sector Perform rating on Jabil Circuit (NYSE: JBL), and raised the price target to $23.00 (from $20.00), following the company's 4Q earnings report. JBL reported revenue results of $4.43B and EPS of $0.28, which was above Street expectations of $4.27B and $0.25. Management provided Nov-qtr revenue/EPS guide that was in line with... More

Mizuho Securities Reiterates Buy on Red Hat (RHT) Following 2Q Report

Mizuho Securities reiterated a Buy rating and $88.00 price target on Red Hat (NYSE: RHT) following the company's 2Q earnings report. RHT reported total revenue of $600mm vs. consensus of $590mm with upside coming in from the subscription line as the company benefited from FX... More