Wall St rallies on earnings; Nasdaq hits record
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- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- Chip stocks plunge, but bargain-hunters stem losses in other tech names
- FedEx falls 4% as FY2027 profit forecast misses expectations despite Q4 beat
- Oil prices finish 1% lower as investors focus on Hormuz flows after peace talks
- South Korea leveraged ETF crisis sparks global chip selloff
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
- Spain's ex-transport minister sentenced to 24 years for corruption
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
- Needham Starts NeoVolta (NEOV) at Buy
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
CSX (CSX) PT Raised to $60 at UBS after Adjusting Estimates
April 21, 2017 9:47 AM EDTUBS raised its price target on CSX (NASDAQ: CSX) to $60.00 (from $57.00) while maintaining a Buy rating. CSX... More
CSX (CSX) PT Raised to $54 at Cowen
April 20, 2017 1:23 PM EDTCowen raised its price target on CSX (NASDAQ: CSX) to $54.00 (from $48.00) while maintaining a Market Perform rating following Q1 'beat and raise'.
Analyst Jason Seidl notes 2017 guidance was revised higher from low to mid-teens EPS growth to around 25% and mid-60s operating ratio,... More
American Express (AXP) PT Raised to $83 at Piper Jaffray
April 20, 2017 9:21 AM EDTPiper Jaffray raised its price target on American Express (NYSE: AXP) to $83.00 (from $82.00) while maintaining a Neutral rating. AXP reported 1Q EPS of $1.34, ahead of consensus of $1.28. Adjusted revenue growth accelerated to 7% in the 1Q vs. 6% in the 4Q driven by an acceleration in... More
Monness, Crespi, Hardt Downgrades eBay (EBAY) to Neutral
April 20, 2017 8:17 AM EDTMonness, Crespi, Hardt downgraded eBay (NASDAQ: EBAY) from Buy to Neutral.
Analyst James Cakmak cited: 1. Path to double-digit growth may be pushed to 2019, 2. Margins under pressure. 3. International may be weighed by Amazon push in India. 4. Valuation relative to growth - eBays three-year... More
Qualcomm (QCOM) PT Raised to $65 at Stifel; Reiterates Buy
April 20, 2017 7:50 AM EDTStifel raised its price target on Qualcomm (NASDAQ: QCOM) to $65.00 (from $64.00) while maintaining a Buy rating. 2Q Non-GAAP revenue of $5.99bn was flat q/q and up 8.1% y/y, above the Street estimate of $5.86bn. The company reported non-GAAP EPS of $1.34, above the Street... More
eBay (EBAY) PT Lowered to $39 at Deutsche Bank
April 20, 2017 7:46 AM EDTDeutsche Bank lowered its price target on eBay (NASDAQ: EBAY) to $39.00 (from $40.00) while maintaining a Buy rating.
Deutsche Bank... More
eBay (EBAY) PT Raised to $32 at Cantor Fitzgerald Following 1Q
April 20, 2017 7:28 AM EDTCantor Fitzgerald raised its price target on eBay (NASDAQ: EBAY) to $32.00 (from $31.00) while maintaining a Neutral rating. EBAY reported 1Q revenues of $2.22B vs. consensus of $2.21B. EPS of $0.49 was a penny above consensus.
The 2Q17 outlook for $0.43-0.45 in EPS is below... More
