Tech shares and muted GDP growth push S&P 500 to record
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August 1, 2016 10:10 AM EDT
Leerink Partners maintained an Outperform rating on CIGNA (NYSE: CI), and cut the price target to $155.00 (from $160.00), following the company's 2Q earnings report. The company reported an EPS miss of 39c and $1.20 guide-down driven mostly by Group Life & Disability but to a lesser extent Global Healthcare.
Analyst Ana Gupte commented, "We revise our CI 2017E and 2018E EPS to $9.50 & $10.88 after a surprise miss and guide-down on Disability & Life as well as a smaller miss in Healthcare. The miss in... More
August 1, 2016 7:41 AM EDT
UBS maintained a Neutral rating on ExxonMobil (NYSE: XOM), and cut the price target to $86.00 (from $90.00), following the company's 2Q earnings report and conference call.
Analyst William Featherston commented, "1) reiterated 2016 capex guidance of $23.2bn (down 25% YoY) but inferred spending would likely come in... More
July 29, 2016 9:36 AM EDT
Goldman Sachs analyst Heath Terry reiterated a Conviction Buy list rating and raised his price target on Amazon.com (NASDAQ: AMZN) to $920.00 (from $900.00) following strong Q2 results.
Terry commented, "Amazon reported 2Q revenue of $30.4bn (+31.1% yoy vs. +28.2% in 1Q), above consensus of... More
July 29, 2016 9:12 AM EDT
Oppenheimer analyst Jason Helfstein reiterated an Outperform rating and boosted his price target on Amazon.com (NASDAQ: AMZN) to $941.00 (from $930.00) following another strong quarter, while guidance was weaker on content investment.
Helfstein commented, "Following exceptional 2Q results on revenue & margins, we are raising our... More
