Pre-Open Stock Movers 05/20: Deckers, Palo Alto Jump on Results; Ross Stores Sinks (more...)
- Wall Street stocks fall as weak GDP growth spreads rate-cut gloom
- Q1 US GDP shows surprise slowing and uncomfortable inflation
- Alphabet (GOOGL) soars 16% on Q1 results beat, first-ever dividend
- Meta shares dip on softer Q2 revenue guidance, elevated AI spending plans
- Oil settles higher as weak U.S. economic growth offset by supply concerns
- Rubrik (RBRK) Prices Upsized 23.5M Share IPO at $32/sh
- IBM tumbles on soft Q1 revenue; announces HashiCorp $6.4bn acquisition
- Union Pacific beats profit estimates on stronger pricing, resumes share buyback
- Hertz Global (HTZ) misses earnings expectations as fleet costs weigh
- Teladoc (TDOC) Misses Q1 EPS by 3c, offers outlook
- After-hours movers: Alphabet, Microsoft, Snap, Intel, and more
- Midday movers: Meta, IBM, Caterpillar fall; Chipotle rises
- After-hours movers: Meta, Ford, IBM, ServiceNow and more
- Midday movers: Tesla, Boeing rise; Uber, Old Dominion Freight fall
- After-hours movers: Tesla, Texas Instruments, Seagate, Visa and more
Covetrus (CVET) $21/Share Takeover Offer Seen as 'Relatively Modest' - Stifel
May 20, 2022 10:27 AM EDTStifel analyst Jonathan Block weighed in on CD&R's $21 per share takeover offer for the rest of Covetrus (NASDAQ: CVET), calling it "relatively modest."
"Our initial reaction is that the $21 offer price is relatively modest as it would imply a... More
BMO Capital Stays Sidelined on Deere (DE)
May 20, 2022 10:02 AM EDTBMO Capital analyst Joel Tiss reiterated a Market Perform rating and $425.00 price target on Deere (NYSE: DE).
The analyst comments "Deere reported fiscal 2Q22 EPS of $6.81, or closer to about $5.75 adjusted, vs. $6.69 consensus. Equipment adjusted operating margins were down 155 bps y/y to 17.9% but missed... More
Morgan Stanley Says Deere (DE) Margin Challenges Likely Isolated to Q2, Stays Overweight
May 20, 2022 9:22 AM EDTMorgan Stanley analyst Courtney Yakavonis reiterated an Overweight rating and $485.00 price target on Deere (NYSE: DE).
The analyst comments "With more challenged margin performance in the Ag segments complementing a net income guidance increase that was driven by non-core items, we... More
Citi Sees Deere (DE) Consensus Estimate Likely Moving Higher
May 20, 2022 9:11 AM EDTCiti analyst Timothy Thein reiterated a Neutral rating and $435.00 price target on Deere (NYSE: DE).
The analyst comments "Forecasting DEs quarterly results can be difficult in even normal times given how timing of high margin Ag shipments can slide from one quarter to... More