Caterpillar, Merck rise premarket; Pfizer, JetBlue and ZoomInfo fall
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- Equities rebound to close higher as surging Treasury yields recede
ZoomInfo (ZI) cut to Peer Perform at Wolf following 2Q miss and sell-off
August 2, 2023 1:41 PM EDTWolf research downgraded software company ZoomInfo (NASDAQ: ZI) to a Peer Perform rating (From Outperform), with a $15-$21 FV range, following the companys 2Q earnings release.
ZI reported 2Q23 revenue of $308.6M (missing consensus estimates of $310.94M), marking the company's first guidance miss as a public company. Operating... More
American Airlines (AAL) in discussions with Boeing and Airbus regarding jet purchases - Bloomberg
August 2, 2023 11:21 AM EDTAmerican Airlines (NASDAQ: AAL) is reportedly in talks with Airbus and Boeing regarding an order of at least 100 narrowbody jets to replace some of the oldest aircraft in its fleet, according to a report from Bloomberg.
Citing sources familiar with the matter, the... More
Evercore ISI Closes tactical Outperform on Arista Networks (ANET)
August 1, 2023 4:04 PM EDTEvercore ISI analyst Amit Daryanani reiterated an Outperform rating and $200.00 price target on Arista Networks (NYSE: ANET)
Closing Tactical OP After Strong EarningsThe analyst comments "ANET reported impressive upside to June-qtr with rev/EPS of $1.46B/1.58 vs. street at $1.38B/$1.44 with strong ~39% y/y growth driven by ramps on the cloud and enterprise side offset... More

