Midday movers: Small cap stocks rule, Archer-Daniels-Midland falls, and more

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AMD (AMD) upgraded to buy at New Street as it stands out in data center AI chip sector

January 24, 2024 10:17 AM EST

New Street Research upgraded shares of AMD (NASDAQ: AMD) to Buy with a $215 per share price target in a note to clients Wednesday.

The firm said its analysis shows upside for all names in the data center AI chip... More

NVIDIA target lifted at CFRA as investors are 'underestimating software revenue potential'

January 23, 2024 9:44 AM EST

The NVIDIA (NASDAQ: NVDA) price target was raised to $700 from $00 at CFRA Research on Tuesday, with analyst Angelo Zino maintaining a Buy rating on the stock.

Zino told investors in a note that they are keeping their FY 24 (January) EPS estimate at $12.29 but... More

NVIDIA (NVDA) PT Raised to $700 at CFRA

January 23, 2024 8:04 AM EST

CFRA analyst Angelo Zino raised the price target on NVIDIA (NASDAQ: NVDA) to $700.00 (from $600.00) while maintaining a Buy rating.

The analyst comments "
We raise our 12-month target price to $700 from $600, on P/E of 29x our CY 25 EPS view, above peers... More

Stifel Downgrades Archer Daniels Midland (ADM) to Hold, 'we expect a sustained headwind to valuation on shares'

January 22, 2024 10:11 AM EST

Stifel analyst Vincent Anderson downgraded Archer Daniels Midland (NYSE: ADM) from Buy to Hold with a price target of $56.00 (from $116.00).

The analyst comments "We are updating our model for market data observed throughout the quarter ahead of ADM's 4Q23 reporting. We also... More

Sunoco (SUN) to acquire NuStar Energy (NS) in all-stock deal worth $7.3bn

January 22, 2024 8:41 AM EST

NuStar Energy L.P. (NYSE: NS) shares jumped over 21% premarket Monday after it was announced the company has entered an agreement to be acquired by Sunoco LP (NYSE: SUN) in an all-equity deal valued at $7.3 billion, including assumed... More