Gap reports third-quarter earnings beat, but offers tame holiday quarter guidance
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Amazon (AMZN) to cut 'several hundred' employees in Alexa unit due to 'shifting' priorities - Reuters
November 17, 2023 10:12 AM ESTAmazon (NASDAQ: AMZN) is said to be cutting some roles at Alexa, its voice assistant unit, Reuters said in a report Friday.
Citing an email it has seen, Reuters said the move is in response to "shifting" business priorities and the tech giant's increased... More
Roth/MKM on Walmart (WMT), 'Right Retailer For Uncertain Times'
November 17, 2023 9:49 AM ESTRoth/MKM analyst Bill Kirk reiterated a Buy rating and $179.00 price target on Walmart (NYSE: WMT)
The analyst comments "Walmart is nearing an unprecedented inflection: advertising revenue is about to cross advertising expenses (FY'24 ROTH MKMe $3.6bn ad revenue vs. $4.3bn). This highlights the... More
BofA Positive on Walmart (WMT): 'We see cont'd gross margin expansion for WMT in F4Q'
November 17, 2023 9:34 AM ESTBofA Securities analyst Robert Ohmes reiterated a Buy rating and $190.00 price target on Walmart (NYSE: WMT)
The analyst comments "We see cont'd gross margin expansion for WMT in F4Q as increasing contributions from higher-margin profit streams (digital advertising, 3P marketplace & fulfillment... More
Gap, Inc. (GPS) PT Raised to $20 at Wells Fargo on Beat; 'The Story Has Legs'
November 17, 2023 6:23 AM ESTWells Fargo analyst Ike Boruchow raised the price target on Gap, Inc. (NYSE: GPS) to $20.00 (from $16.00) while maintaining an Overweight rating following the "material" EPS beat as Old Navy comps turn positive.
The analyst commented, "Even with a very high bar, GPS... More
Gap, Inc. (GPS) Mentioned Positively at Evercore ISI
November 17, 2023 4:59 AM ESTEvercore ISI analyst Michael Binetti raised the price target on Gap, Inc. (NYSE: GPS) to $22.00 (from $17.00) while maintaining a Outperform rating.
The analyst comments "Reiterate GPS as Top Pick, Raise Target Price to $22 from $17. Our higher $22 target price is based on our muchhigher 25 EPS... More
