Nomura Securities Starts Lazard (LAZ) at Neutral
- Wall Street stocks fall as weak GDP growth spreads rate-cut gloom
- Q1 US GDP shows surprise slowing and uncomfortable inflation
- Alphabet (GOOGL) soars 16% on Q1 results beat, first-ever dividend
- Meta shares dip on softer Q2 revenue guidance, elevated AI spending plans
- Oil settles higher as weak U.S. economic growth offset by supply concerns
- IBM tumbles on soft Q1 revenue; announces HashiCorp $6.4bn acquisition
- Hasbro (HAS) brand strength sees earnings top expectations
- Meta Platforms (META) Tops Q1 EPS by 39c, Offers Guidance
- Seagate Technology (STX) Enters $600M Asset Purchase Agreement with Avago
- Rubrik (RBRK) Prices Upsized 23.5M Share IPO at $32/sh
- After-hours movers: Alphabet, Microsoft, Snap, Intel, and more
- Midday movers: Meta, IBM, Caterpillar fall; Chipotle rises
- After-hours movers: Meta, Ford, IBM, ServiceNow and more
- Midday movers: Tesla, Boeing rise; Uber, Old Dominion Freight fall
- After-hours movers: Tesla, Texas Instruments, Seagate, Visa and more
Nomura Securities Starts Evercore Partners (EVR) at Buy, $72 PT
January 9, 2014 7:53 AM ESTNomura Securities initiates coverage on Evercore Partners (NYSE: EVR) with a Buy. PT $72.00.
"We believe that EVR should continue to take market share, given higher levels of SMD productivity and that reduced expense drag from new hires / growth initiatives should translate into ~500bp margin... More
Nomura Securities Starts Raymond James (RJF) at Buy, $60 PT
January 9, 2014 7:51 AM ESTNomura Securities initiates coverage on Raymond James (NYSE: RJF) with a Buy. PT $60.00.
"We believe RJF is poised to outperform in 2014 as the firm is more exposed to areas with better growth prospects including Wealth / Asset Management and RJ Bank (80% of combined pre-tax... More