S&P 500 cuts losses as earnings season heats up ahead of Microsoft earnings
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January 25, 2023 8:11 AM EST
J.P. Morgan downgraded Zions Bancorp (NASDAQ: ZION) to an Underweight rating (from Neutral) and cut the price target on the stock to $46.00 (from $49.00) as analyst Steven Alexopoulos sees the banking company as being at risk of seeing negative EPS revisions in coming quarters.
Alexopoulos... More
January 25, 2023 6:52 AM EST
Microsoft's (NASDAQ: MSFT) fiscal year 2023 second-quarter earnings after the close are getting mixed reviews on Wall Street Wednesday morning. Several firms cut their price target following the print, several raised their price targets, and at least one firm downgraded the stock.
BMO Capital's Keith Bachman downgraded shares to Market Perform from Outperform and lowered his price target to $265 from $267, citing the ongoing uncertainty on Azure. Until Azure growth stabilizes, the stock will be "range-bound", Bachman said. Azure represents about 31% of the firm's FY24 revenue estimates. Bachman said Azure likely over-earned for eight... More
January 24, 2023 4:22 PM EST
Credit Suisse analyst Stephen Ju reiterated an Outperform rating and $128.00 price target on Alphabet (NASDAQ: GOOGL)
The analyst comments "This is a separate suit/matter versus the DOJs prior move to litigate Googles search business as a monopoly and focuses... More
