Tech shares and muted GDP growth push S&P 500 to record
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- S&P 500 volatile in choppy trading; Mideast deal, SpaceX debut in focus
- SpaceX prices historic IPO at $135/share in largest ever new listing
- 'Ocean of opportunity': Wolfe initiates SpaceX at Buy ahead of historic IPO
- UBS cuts gold price forecasts on delayed Fed easing outlook
- Oil falls to near two-month lows as Trump calls off threatened strikes on Iran
- NASDAQ adds five companies to NASDAQ-100 index in quarterly rebalance
- Adobe CFO Dan Durn to depart company in June 2026
- Oppenheimer Starts SpaceX (SPCX) at Outperform, PT $190, 'space infrastructure appears structurally advantaged'
- Pentagon reportedly locked down, hazmat teams responding
- Wall St set to gain on tech rebound, Middle East in focus
Leerink Partners Cuts Price Target on Cigna Corp. (CI) to $155 Following 2Q Miss
August 1, 2016 10:10 AM EDTLeerink 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
UBS Cuts Price Target on ExxonMobil (XOM) to $86; Remains Neutral
August 1, 2016 7:41 AM EDTUBS 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
Amazon (AMZN) PT Raised to $920 at Goldman Sachs
July 29, 2016 9:36 AM EDTGoldman 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
Amazon (AMZN) PT Raised to $941 at Oppenheimer
July 29, 2016 9:12 AM EDTOppenheimer 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
