Wall St. sets records again, led by tech, bank stocks

Canaccord Genuity Cuts Price Target on Netflix (NFLX) to $115 Following 2Q Report

Canaccord Genuity maintained a Buy rating on Netflix (NASDAQ: NFLX), and cut the price target to $115.00 (from $120.00), following the company's 2Q earnings report. Total domestic net adds came in at 160k, substantially below the 500k guidance. International net adds missed as well,... More

Deutsche Bank Raises Price Target on IBM (IBM) to $145 Following 2Q Results

Deutsche Bank reiterated a Hold rating on IBM (NYSE: IBM), and raised the price target to $145.00 (from $135.00), following the company's 2Q earnings report. Both sales and EPS came in above expectations. However, IBM benefited by 2ppt Y/Y, or roughly $400M from acquisitions. Excluding... More

Oppenheimer Cuts Price Target on Netflix (NFLX) to $114; Reiterates Outperform

Oppenheimer maintained an Outperform rating on Netflix (NASDAQ: NFLX), and cut the price target to $114.00 (from $123.00), following the company's 2Q earnings report. Revenue was largely in-line as US streaming revenue continued to outpace expenses. However both US and international streaming net adds came in below... More

Needham & Company Reiterates Hold on Netflix (NFLX) Following Sub Miss

Needham & Company reiterated a Hold rating on Netflix (NASDAQ: NFLX) following the company's 2Q report. NFLX reported a Sub miss with 46.0mm paid streaming subscribers in the U.S, and 33.9mm international subs, below guidance of 46.4mm in the U.S. and 34.3mm abroad.... More

UBS Remains Sidelined on IBM (IBM) Following 2Q - PT to $160

UBS reiterated a Neutral rating on IBM (NYSE: IBM), and raised the price target to $160.00 (from $150.00), following the company's 2Q earnings report.

Analyst Steven Milunovich commented, "Our view on IBM has been steadfastly neutral. We think the bears don't give IBM... More

UBS Reiterates Buy on Bank of America (BAC) Following 2Q Report

UBS reiterated a Buy rating and $18.00 price target on Bank of America (NYSE: BAC) following the company's 2Q earnings report. UBS is raising 2016 estimates by 4c to $1.28 per share driven by the 2Q beat and lower operating expenses partially offset by lower NII.

Analyst Brennan... More

Jefferies Reiterates Buy on Bank of America (BAC) Following 2Q Earnings - PT to $16.50

Jefferies reiterated a Buy rating on Bank of America (NYSE: BAC), and raised the price target to $16.50 (from $16.00), following the company's 2Q earnings report. Management expects NII to be stable in upcoming quarters, with upside if rates move higher.

Analyst Ken Usdin... More

BMO Capital Raises Price Target on IBM (IBM) to $165; Reiterates Market Perform

BMO Capital reiterated a Market Perform rating on IBM (NYSE: IBM), and raised the price target to $165.00 (from $155.00), following the company's 2Q earnings report.

Analyst Keith Bachman commented, "In terms of the quarter, we have mixed views. Revenue growth in the June Q... More

Drexel Hamilton Raises price Target on IBM (IBM) to $186 Following Strong 2Q Report

Drexel Hamilton reiterated a Buy rating on IBM (NYSE: IBM), and raised the price target to $186.00 (from $166.00), following the company's 2Q earnings report. IBM reported 2Q sales of $20.24 billion, ahead of the Street estimate of $20.05 billion. Pro forma EPS of $2.95 was above the Street's estimate of... More