Tobacco and tech drag on Wall Street; yields boost banks
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April 20, 2018 9:11 AM EDT
Morgan Stanley reiterated an Overweight rating and $123.00 price target on Philip Morris (NYSE: PM) following the company's 1Q earnings report. PMs stock suffered its largest-ever single day decline following the results which meaningfully beat on EPS ($1.00, vs. consensus $0.88) but faced both modest fundamental... More
April 20, 2018 8:23 AM EDT
JPMorgan lowered its price target on Procter & Gamble (NYSE: PG) to $75.00 (from $80.00) while maintaining a Neutral rating following the company's 3Q earnings report. PGs reported organic sales growth of +1% was a 100bps sequential deceleration on reported figures from 2Q. Management now expects... More
April 19, 2018 12:42 PM EDT
RBC Capital analyst Amit Daryanani weighed in on Apple (NASDAQ: AAPL) amid weakness following a guidance cut from supplier TSMC.
"We think soft iPhone volume expectations are now largely baked in AAPL stock price," the analyst said.
He added, The focus on... More
April 19, 2018 10:51 AM EDT
Philip Morris (NYSE: PM) adds to earlier weakness following results. Shares are now down 16.1%.
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April 19, 2018 9:33 AM EDT
Philip Morris (NYSE: PM) Pressured on Market Open, Down 12%
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April 19, 2018 8:18 AM EDT
RBC Capital raised its price target on American Express (NYSE: AXP) to $86.00 (from $81.00) while maintaining an Underperform rating following results.
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