Techs lead Wall St. higher; S&P 500 erases 2015 loss
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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
UBS Raises Price Target on Procter & Gamble (PG) Following 3c EPS Beat
October 26, 2015 9:54 AM EDTUBS reiterated a Neutral rating on Procter & Gamble (NYSE: PG), and raised the price target to $81.00 (from $78.00), following the company's 1Q16 earnings report. PG outperformed FYQ1 EPS expectations, delivering $0.98 vs. consensus of $0.95. Looking forward, PG maintained FY16 EPS guidance.
Analyst Stephen Powers commented, "Overall, PG... More
Amazon.com's (AMZN) Price Target Raised to $700 at FBN
October 23, 2015 2:40 PM EDTFBN Securities maintained an Outperform rating on Amazon.com (NASDAQ: AMZN) and raised its price target to $700.00 (from $650.00). The change follows strong Q3 results.
Analyst Shebly Seyrafi said, "We retain our Outperform rating on AMZN and raise our PT from $650 to $700. The company... More
Sterne Agee CRT Cuts Price Target Following Skechers USA (SKX) 3Q 7c EPS Miss
October 23, 2015 1:17 PM EDTSterne Agee CRT maintained a Buy rating on Skechers USA (NYSE: SKX), and cut the price target to $54.00 (from $62.00), following the company's 3Q earnings results. SKX reported adjusted EPS of $0.48 versus consensus of $0.55.
Analyst Sam Poser commented, "The business remains healthy. The 3Q15... More
Alphabet (GOOG) (GOOGL) PT Raised to $900 at JPMorgan
October 23, 2015 10:15 AM EDTJPMorgan analyst Doug Anmuth reiterated an Overweight rating and boosted his price target on Alphabet (NASDAQ: GOOGL) to $900.00 (from $800.00) following results after the close. The analyst said the stock should re-rate on accelerating revenue growth.
Anmuth commented, "We believe the re-rating of Alphabet shares will continue following the 2nd straight quarter of operational... More
Pandora (P) PT Lowered to $24 at Goldman Sachs; 'Buy' Maintained
October 23, 2015 10:07 AM EDTGoldman Sachs analyst Heath Terry trimmed his price target on Pandora (NYSE: P) to $24.00 (from $25.00) following results Q3 results but maintained a Buy rating.
Q3 results were in-line but listener engagement slowed.
"We continue to believe that with nearly 90mn... More
Canaccord Genuity Raises Price target Following Amazon.com's (AMZN) 3Q Results
October 23, 2015 10:04 AM EDTCanaccord Genuity reiterated a Hold rating on Amazon.com (NASDAQ: AMZN), and raised the price target to $600.00 (from $525.00), following the company's 3Q results.
Analyst Michael Graham commented, "Amazon's Q3 results exceeded expectations soundly. We think it was particularly impressive that every revenue growth... More
SunTrust Robinson Humphrey Cuts Price target Following Pandora's (P) 3Q Results
October 23, 2015 9:57 AM EDTSunTrust Robinson Humphrey reiterated a Buy rating on Pandora (NYSE: P), and raised the price target to $18.00 (from $25.00), following the company's 3Q15 earnings results. Revenue at $312m missed consensus $313m. While management has largely dismissed competition previously, there was a notable about-face this... More
Amazon (AMZN) PT Raised to $760 at Goldman Sachs
October 23, 2015 9:32 AM EDTGoldman Sachs analyst Heath Terry reiterated a Conviction Buy list rating on Amazon.com (NASDAQ: AMZN) and boosted his price target to $760.00 (from $680.00).
Terry commented, "Amazon reported 3Q revenue of $25.4bn (+23.2% yoy vs. +19.9% in 2Q), slightly above consensus of $24.9bn. FX-neutral revenue growth accelerated... More
Amazon (AMZN) PT Raised to $700 at UBS
October 23, 2015 9:05 AM EDTUBS analyst Eric Sheridan reiterated a Buy rating and boosted his price target on Amazon.com (NASDAQ: AMZN) to $700.00 (from $650.00).
Sheridan commented, "In Q3, Amazon (again) demonstrated a revenue re-acceleration driven by consumer Prime adoption, seller FBA adoption, & strong AWS revenue growth with... More
Amazon (AMZN) PT Raised to $775 at Jefferies
October 23, 2015 8:19 AM EDTJefferies US Internet Team reiterated a Buy rating and boosted its price target on Amazon.com (NASDAQ: AMZN) to $775.00 (from $730.00).
The team commented, "Amazon delivered another solid quarter with nice acceleration in unit and revenue growth. We reiterate our Buy rating... More

