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- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- Alphabet added to Dow Jones Industrial Average, Verizon dropped
- Chip stocks plunge, but bargain-hunters limit scale of tech rout
- FedEx falls 4% as CY2026 profit forecast misses expectations despite Q4 beat
- Oil prices finish 1% lower as investors focus on Hormuz flows after peace talks
- Needham Starts NeoVolta (NEOV) at Buy
- NextEra to discuss paying about $76 per share for Dominion, Bloomberg News reports
- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- Campbell Soup (CPB) Declares $0.39 Quarterly Dividend; 7.7% Yield
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
Imperial Capital Cuts Price Target on Whole Foods Market (WFM) to $53 Following 3Q Results
July 31, 2015 7:49 AM EDTImperial Capital maintained an Outperform rating on Whole Foods Market (NASDAQ: WFM), and cut the price target to $53.00 (from $65.00), following 3Q15 results. WFM reported 3Q15 EPS of $0.43 vs. $0.41 in 3Q14. 4Q15 EPS is expected to be $0.34-0.35.
Analyst Mitchell Pinheiro commented, "We are maintaining our Outperform rating and lowering our one-year price target to $53 from $65 on shares... More
RBC Capital Raises Price Target on General Dynamics (GD) to $165 Following 2Q EPS Beat
July 30, 2015 10:26 AM EDTRBC Capital reiterated an Outperform rating on General Dynamics Corp. (NYSE: GD), and raised the price target to $165.00 (from $161.00), GD posted 2Q EPS of $2.27, ahead of consensus at $2.06. GD reported revenues of $7.9bn in the quarter, up 5.5% YoY.
Analyst Robert Stallard commented, "GD... More
RBC Capital Raises Price Target on Northrop Grumman (NOC) to $189 Following EPS Beat
July 30, 2015 7:47 AM EDTRBC Capital reiterated an Outperform rating on Northrop Grumman (NYSE: NOC), and raised a price target to $189.00 (from $178.00), following 2Q15 results. EPS of $2.74 comes above the consensus of $2.34. FY2015 EPS guidance was only lifted by ~$0.10-0.15 (now $9.55-9.70).
Analyst Robert Stallard commented, "NOC 2Q15... More
