Post-Election Themes a Mixed Blessing for Hedge Funds; 13 New Stocks Added to Goldman Sachs Hedge Fund VIP List
- Wall St rallies on bright earnings, megacaps' support
- JPMorgan is worried about further S&P 500 sell-off potential
- Oil falls back after robust EU data as Mideast tensions linger
- China acquired top-end Nvidia AI chips despite recent US ban- Reuters
- SAP Q1 results fall short of Wall Street estimates as transformation kicks off
- Fisker (FSR) Appoints Michael Healy as Chief Restructuring Officer
- Kroger (KR), Albertsons and C&S Wholesale Grocers Announce an Updated and Expanded Divestiture Plan
- Costar Group (CSGP) to Acquire Matterport (MTTR) for $5.50/sh Cash and Stock
- Jaguar Health (JAGX) Files $75M Mixed Shelf
- Apple (AAPL) PT Lowered to $210 at Morgan Stanley, 'We'd buy post-earnings weakness'
- Midday movers: PepsiCo, JetBlue fall; GM, Danaher and UPS rise
- After-hours movers: Cadence Design Systems, Cleveland-Cliffs, Riot Platforms, and more
- Midday movers: Tesla, Li Auto and CNH Industrial fall; Salesforce rises
- Midday movers: Netflix, Super Micro fall; Paramount Global gains
- After-hours movers: Netflix, Intuitive Surgical, Nordstrom, KB Home
Morgan Stanley Raises Price Target on Goodyear Tire (GT); Reiterates Underperform
November 22, 2016 11:54 AM ESTMorgan Stanley reiterated an Underweight rating on Goodyear Tire & Rubber (NASDAQ: GT), and raised the price target to $24.00 (from $20.00), as headwinds continue. Through 2020, GT expects incremental demand in the 17" segment to be in
excess of incremental supply in the Americas and in... More
Morgan Stanley Boosts PT on Goodyear Tire (GT) to $24 Amid Seeing Multiple GM Headwinds
November 22, 2016 11:52 AM ESTMorgan Stanley is lifting its price target on Underweight-rated Goodyear Tire & Rubber (NYSE: GT) from $20 up to $24, seeing upcoming pressure on margin levels.
The firm commented today: We see margin headwinds from consumers potentially trading down on tire brand mix, outsized exposure to low margin OE customers in the =17" segment, excess capacity in the core Through 2020, GT expects incremental demand in the =17" segment to be well in excess of incremental supply in the Americas and in Asia and to be very closely matched in EMEA. However, GT's expectations are based on the =17" segment... More