European stocks lower; UBS weakens after profit slump

Go back to European stocks lower; UBS weakens after profit slump

Shares drop early as Mobileye (MBLY) cuts revenue forecast

April 27, 2023 8:23 AM EDT

Autonomous Tech company Mobileye Global (NASDAQ: MBLY) announced Thursday that the company has lowered its forecast for annual revenue, sending the company's shares down nearly 15% before the bell. The cut is due to a slowdown in electric-vehicle demand in China.

China's... More

Evercore ISI Stays Outperform on Microsoft (MSFT): 'this announcement should not distract from the broader narrative around cloud/AI'

April 26, 2023 9:26 AM EDT

Evercore ISI analyst Kirk Materne reiterated an Outperform rating and $337.00 price target on Microsoft (NASDAQ: MSFT).

The analyst comments "In a somewhat surprising move after a lot of back/forth between the two parties, the CMA denied Microsofts acquisition of Activision based on concerns about the downstream implications on the cloud gaming market. There are a lot of potential long-term implications for tech M&A that are worth discussing at another time, but the bottom line as it relates to MSFT/ATVI is that the process from here... More