Wells Fargo Upgrades Spotify (SPOT) to Overweight, 'Off Margin Probation'
- Stocks decline as interest rate uncertainty, earnings weigh
- ASML slides as Q1 sales fall short but firm still on track for 2025 revenue target
- US dollar weakens as market consolidates gains, but uptrend intact
- Abbott Laboratories (ABT) narrows 2024 earnings guidance, shares slip
- Stocks have priced in much of the 2024 optimism - Wells Fargo
- Hasbro (HAS) Announces Resignation of Cynthia Williams, President of Wizards of the Coast and Hasbro Gaming
- ICZOOM Group (IZM) Discloses Request to Withdraw Registration Statement on Form F-1
- Alaska Airlines flights resume after being grounded over aircraft system issue
- Crude Inventory Rose 2.7 Million Barrels Last Week, Says EIA
- Lithium Americas Corp (LAC) Announces Proposed 55M Share Offering
- After-hours movers: Alcoa rises; Equifax and Las Vegas Sands fall
- Midday movers: Travelers, JB Hunt fall; United Airlines rises
- After-hours movers: United Airlines, J.B. Hunt, and more
- Midday movers: Morgan Stanley, UnitedHealth rise; Tesla falls
- Morgan Stanley, UnitedHealth and Bank of America rise premarket; Tesla falls
Spotify (SPOT) shares edge higher after Wells Fargo, Atlantic Equities upgrades
February 6, 2023 8:00 AM ESTSpotify (NYSE: SPOT) shares have edged higher premarket Monday after the stock was lifted to Overweight at Wells Fargo and Atlantic Equities.
Wells Fargo analyst Steven Cahall also raised the firm's price target for Spotify shares to $180 per share from $121, stating that SPOT's commitment to margin improvement is... More
Atlantic Equities Upgrades Spotify (SPOT) to Overweight, 'on positive profit/advertising inflections'
February 6, 2023 3:18 AM EST(Updated - February 6, 2023 4:55 AM EST)
Atlantic Equities analyst Hamilton Faber upgraded Spotify (NYSE: SPOT) from Neutral to Overweight with a price target of $160.00.
The analyst comments "We are upgrading Spotify to Overweight with a PT of $160, based on 1.5x forward 12m... More