Penn Entertainment, Rivian and Twilio rise premarket; Lyft, WeWork fall
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- Wall St set to gain on tech rebound, Middle East in focus
- SpaceX prices historic IPO at $135/share in largest ever new listing
- Oil drops as Trump cancels planned strikes against Iran
- Intel rallies as BofA double-upgrades stock on increased CPU, foundry visibility
- Oppenheimer sees little strategic case for Tesla-SpaceX merger
- NASDAQ adds five companies to NASDAQ-100 index in quarterly rebalance
- Adobe CFO Dan Durn to depart company in June 2026
- Oppenheimer Starts SpaceX (SPCX) at Outperform, PT $190, 'space infrastructure appears structurally advantaged'
- Pentagon reportedly locked down, hazmat teams responding
- Axsome Therapeutics (AXSM) PT Raised to $380 at Jefferies
Amazon set to shelve some private label brands to cut costs, address FTC scutiny - WSJ
August 10, 2023 1:18 PM EDTOn Thursday, the Wall Street Journal reported that Amazon (NASDAQ: AMZN) is shelving several of its private clothing brands as a way to cut expenses and deal with antitrust investigations.
The report states the e-commerce and tech giant has chosen to eradicate 27 of its 30... More
Amazon (AMZN) efficiency enhancements are 'bearing fruit' - Phillip Capital
August 10, 2023 8:18 AM EDTPhillip Capital upgraded shares of Amazon (NASDAQ: AMZN) to Buy, raising the price target on the stock to $175 from $120 per share in a note Thursday.
Analyst Maximilian Koeswoyo told investors that Amazon's efficiency enhancements are "bearing fruit," with the e-commerce giant's 2Q23... More
Penn National Gaming (PENN) Menioned Positively at Roth/MKM: 'Major Upside Potential'
August 10, 2023 7:22 AM EDTRoth/MKM analyst Edward Engel reiterated a Buy rating and $38.00 price target on Penn National Gaming (NASDAQ: PENN).
The analyst comments "We believe PENN's legacy land-based business is worth $19/share, which assumes a 13% yield on PENN's normalized land-based FCF of $400M. At... More
DraftKings (DKNG) cut at JPMorgan as shares slide in response to Penn-ESPN deal
August 9, 2023 1:31 PM EDTDraftKings (NASDAQ: DKNG) was raised to neutral from Underweight at JPMorgan on Wednesday, with analyst Joseph Greff maintaining a $26 price target on the stock.
Greff told investors in a note that they are moving their rating on the stock to Neutral following the... More
