Uber, Under Armour, Coty, Microsoft rise premarket; Chipotle falls
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- Wall Street ends lower as solid jobs data fuels hawkish Fed bets
- US nonfarm payrolls blow past expectations in August; unemployment rate steady at 4.1%
- BofA's Hartnett says stay long commodities and gold as 'policy panic' works
- Oil ends week higher on renewed US-Iran strikes, diesel hits record
- TikTok owner ByteDance said to secure $29.6bn loan for AI push
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RBC Capital on Uber Inc. (UBER): 'Cleanest report since going public'
February 8, 2023 1:11 PM ESTRBC Capital analyst Brad Erickson reiterated an Outperform rating and $46.00 price target on Uber Inc. (NYSE: UBER).
The analyst comments "UBER's Q4 report was unprecedentedly clean though it was against elevated expectations where UBER is one of the more loved names in internet... More
New York Times (NYT) PT Raised to $38 at Guggenheim
February 8, 2023 12:16 PM ESTGuggenheim analyst Curry Baker raised the price target on New York Times (NYSE: NYT) to $38.00 (from $33.00) while maintaining a Neutral rating.
The analyst commented, "The Times reported 4Q revenue and adj. operating profit of $668mm (vs. our $642mm) and $142mm (vs. our $117mm), respectively.... More
Wall Street analysts upbeat on Microsoft's (MSFT) Bing and Edge ChatGPT integration
February 8, 2023 10:01 AM ESTAfter Microsoft (NASDAQ: MSFT) introduced its new AI-powered Bing and Edge offerings, which it said is "reinventing search," Wall Street analysts reacted extremely positively.
Microsoft said Tuesday that it is launching an all-new, AI-powered Bing search engine and Edge browser to "deliver better search, more complete answers, a new chat experience and the ability to generate content."
The tech giant stated that it thinks of the tools... More
