Wall Street ends down with healthcare, IBM; United Tech rises

Go back to Wall Street ends down with healthcare, IBM; United Tech rises

Canaccord Genuity Raises Price Target Following Intuitive Surgical's (ISRG) 3Q15 Earnings Results

October 21, 2015 10:58 AM EDT

Canaccord Genuity reiterated a Buy rating on Intuitive Surgical (NASDAQ: ISRG), and raised the price target to $625.00 (from $615.00), following the company's 3Q15 earnings results. ISRG reported another double-digit procedure growth quarter, as well as strong system placements and the second quarter in a row of solid gross margins.

Analyst Jason Mills commented, "We recommend adding to or beginning positions in ISRG on the heels of strong Q3 results, highlighting positive business trends that we saw also in Q2. These results... More

Jefferies Reiterates Buy Following Verizon Communications (VZ) 3Q Results

October 21, 2015 9:04 AM EDT

Jefferies reiterated a Buy rating and $53.00 price target on Verizon Communications (NYSE: VZ) following the company's 3Q15 earnings results.

Analyst Mike McCormack commented, "Results reflected better profitability in both Wireless and Wireline. Wireless continues to perform well in a challenging environment, evident in... More

Piper Jaffray Raises Price Target on Yahoo! (YHOO) Following 3Q Results

October 21, 2015 8:10 AM EDT

Piper Jaffray reiterated an Overweight rating on Yahoo! (NASDAQ: YHOO), and raised the price target to $33.00 (from $32.00), following the company's 3Q15 earnings results. Yahoo! reiterated its plan to proceed with its Aabaco/Alibaba spin-off despite the IRS's decline to rule on the transaction. The company stated it still hopes to... More

Susquehanna Cuts Price Target on Yahoo! (YHOO) Following 3Q15 Results

October 21, 2015 7:22 AM EDT

Susquehanna maintained a Positive rating on Yahoo! (NASDAQ: YHOO), and cut the price target to $41.00 (from $43.00), following the company's 3Q15 earnings results.

Analyst Shyam Patil commented, "Core continues to languish. Lackluster search and other revenue caused revenue ex TAC to miss us and... More

Cowen Reiterates Market Perform as Verizon Communications (VZ) Reports In-Line Results

October 21, 2015 6:55 AM EDT

Cowen reiterated a Market Perform rating and $48.00 price target on Verizon Communications (NYSE: VZ) following the company's 3Q15 earnings results. VZ reported mostly in line 3Q15 results including rev/EPS of $33.16B/$1.04 vs. the Streets $32.97B/$1.02E.

Analyst Colby Synesael commented, "VZ... More

Yahoo! (YHOO) Reports 1c EPS Miss; Needham & Company Reiterates Buy

October 21, 2015 6:49 AM EDT

Needham & Company reiterated a Buy rating and $40.00 price target on Yahoo! (NASDAQ: YHOO) following the company's 3Q15 earnings results. Non-GAAP EPS was reported at $0.15, below consensus' estimate of $0.16.

Analyst Laura Martin commented, "YHOO reported 3Q15 results yesterday, with GAAP Revenue... More

S&P Places Yum! Brands (YUM) on CreditWatch Negative Following Separation Plans

October 20, 2015 3:40 PM EDT

Standard & Poor's Ratings Services placed its ratings, including the 'BBB' corporate credit rating, on Yum! Brands Inc. (NYSE: YUM) on CreditWatch with negative implications.

The CreditWatch placements follow Yums announcement that it plans to separate its China division into an independent publicly... More

Deutsche Bank Cuts Price Target Following IBM's (IBM) 4c EPS Beat

October 20, 2015 9:22 AM EDT

Deutsche Bank maintained a Hold rating on IBM (NYSE: IBM), and cut the price target to $150.00 (from $160.00), following the company's 3Q15 earnings report. IBM reported F3Q-15 sales of $19.28B and EPS of $3.34, mixed versus the
Street at $19.6B / $3.30.

Analyst Sherri... More

Drexel Hamilton Cuts Price Target to $170 Following IBM (IBM) 3Q Results

October 20, 2015 8:56 AM EDT

Drexel Hamilton reiterated a Buy rating on IBM (NYSE: IBM), and cut the price target to $170.00 (from $176.00), following the company's 3Q15 earnings results. Analyst Brian White continues to believe that IBM represents an attractive contrarian play for investors given that the sell-side analyst... More

IBM (IBM) Reports 3c EPS Beat; RBC Capital Cuts Price Target to $150

October 20, 2015 8:49 AM EDT

RBC Capital maintained a Sector Perform rating on IBM (NYSE: IBM), and cut the price target to $150.00 (from $155.00), following the company's 3Q15 earnings report. Revenue of $19.3B was below expectations, with the Street at $19.6B. Operating EPS of $3.34 was ahead of Street estimates of $3.31.

Analyst Amit Daryanani... More

Yum! Brands (YUM) China Separation Seen as 'Positive Event' - RBC Capital

October 20, 2015 8:19 AM EDT

RBC Capital analyst David Palmer provided some initial thoughts on Yum! Brands (NYSE: YUM) after the company announced plans to split itself into two separate and publicly-traded entities: 1) Yum China, and 2) Yum Brands. While in-line with expectations, the analyst views the move as... More

IBM (IBM) Beat 3Q EPS by 3c; Jefferies Remains Bearish

October 20, 2015 7:57 AM EDT

Jefferies reiterated an Underperform rating and $125.00 price target on IBM (NYSE: IBM) following the company's 3Q15 earnings report. Q3 revenue hit $19.28B, missing Consensus of $19.6B. Q3 EPS of $3.34 modestly beat the Street's $3.31. IBM guided 2015 EPS to $14.75- $15.75 vs. prior guidance of $15.75-$16.50 (Street = $15.67).... More