U.S. stock futures muted as inflation data looms large
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- Wall St set to gain on tech rebound, Middle East in focus
- Oracle results beat estimates, but shares fall on plans for $40 billion raise
- Oil prices steady as investors weigh US-Iran war escalation
- Intel rallies as BofA double-upgrades stock on increased CPU, foundry visibility
- Oppenheimer sees little strategic case for Tesla-SpaceX merger
- Needham Starts Hyliion Holdings (HYLN) at Buy
- Alibaba falls on China AI capex report; Citi says selloff is premature
- Oppenheimer Starts SpaceX (SPCX) at Outperform, PT $190, 'space infrastructure appears structurally advantaged'
- Crude Inventory Fell 7.2 Million Barrels Last Week, Says EIA
- Wall Street indexes fall more than 1%, hit by tech, Iran war worries
Credit Suisse Downgrades PayPal (PYPL) to Neutral
May 9, 2023 8:25 AM EDTCredit Suisse analyst Timothy Chiodo downgraded PayPal (NASDAQ: PYPL) from Outperform to Neutral with a price target of $85.00 (from $100.00).
The analyst comments "FY 2023 revenue & EPS higher, driven by Braintree strength and further cost reductions: PayPal delivered a ~200bps acceleration in Branded Checkout growth in Q1 relative to Q4 levels, which would suggest at least stable trends vs. industry data points (e.g., Shopify GMV... More
Mizuho on PayPal (PYPL) Post Earnings: 'lowering the operating margin expansion outlook..may rain on the parade'
May 8, 2023 4:38 PM EDTMizuho Securities analyst Dan Dolev reiterated a Buy rating and $92.00 price target on PayPal (NASDAQ: PYPL)
The analyst comments "PYPL just reported 1Q results. Following a difficult 4Q, 1Q should be a sigh of relief with results exceeding expectations... More
