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StreetInsider.com Top Tickers, 6/24/2026
- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- Alphabet added to Dow Jones Industrial Average, Verizon dropped
- Chip stocks plunge, but bargain-hunters limit scale of tech rout
- FedEx falls 4% as CY2026 profit forecast misses expectations despite Q4 beat
- Oil prices finish 1% lower as investors focus on Hormuz flows after peace talks
- Needham Starts NeoVolta (NEOV) at Buy
- NextEra to discuss paying about $76 per share for Dominion, Bloomberg News reports
- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- Campbell Soup (CPB) Declares $0.39 Quarterly Dividend; 7.7% Yield
- KKR launches Helix with over $10 billion to build AI infrastructure
Morgan Stanley on Boeing (BA): 'It is still too early, in our view, to know if Boeing is out of the woods'
February 6, 2024 4:28 PM ESTMorgan Stanley analyst Kristine Liwag reiterated an Equalweight rating and $235.00 price target on Boeing (NYSE: BA)
The analyst comments "Today, the National Transportation Safety Board released its preliminary report on Alaska Airlines flight 1282 (link). The report represents the most comprehensive detailing of the... More
Bernstein 'struggles' to see a catalyst for Tesla (TSLA) stock
February 6, 2024 9:50 AM ESTBernstein remains Bearish on Tesla (NASDAQ: TSLA) with an Underperform rating and a 12-month price target on the electric automaker of $150.00 as analysts struggle to see a catalyst for the company.
2023 marked a period of robust yet decelerating growth for the electric vehicle (EV) market globally, with sales of battery electric vehicles (BEVs) experiencing a 35% increase from 6.3 million to 8.2 million units. This growth, however, was notably slower compared to the impressive 65% expansion witnessed in... More
Daiwa downgrades Tesla (TSLA) over increased governance concerns
February 6, 2024 9:00 AM ESTDaiwa Capital Markets downgraded Tesla (NASDAQ: TSLA) to a Neutral rating (From Outperform) and cut their 12-month price target by $50.00 to $195.00 as the firm sees corporate governance concerns aggravating already tough financial conditions in 2024.
Concerns about how Tesla is governed increased after a Delaware judge's ruling questioned the independence of Tesla's Board, leading to the cancellation of CEO Elon Musk's compensation. The Wall Street Journal's... More
Caterpillar (CAT) PT Raised to $338 at TD Cowen
February 6, 2024 6:12 AM ESTTD Cowen analyst Matt Elkott raised the price target on Caterpillar (NYSE: CAT) to $338.00 (from $300.00) while maintaining a Outperform rating.
The analyst comments "We're fine-tuning our '24 and '25 EPS estimates to $22.50 and $22.65, from $21.40 and $22.40, respectively. Our PT changes from $300 to... More
JPMorgan on McDonald's (MCD): 'Modest stock decline allows modestly better entry point'
February 6, 2024 5:40 AM ESTJPMorgan analyst John Ivankoe reiterated an Overweight rating and $300.00 price target on McDonald's (NYSE: MCD)
The analyst comments "McDonalds stock was down ~370bps after reporting what we saw as broadly in- line results. Headline global comps were 3.4% vs JPMe 4.1% but were... More
Evercore ISI Remains Positive on McDonald's (MCD), 'poised to deliver a low-double digit sustainable total return'
February 6, 2024 4:58 AM ESTEvercore ISI analyst David Palmer reiterated an Outperform rating and $330.00 price target on McDonald's (NYSE: MCD).
The analyst comments "Our $330 price target based on our DCF analysis translates to 24x our 2025e EPS, which is toward the lower-end of its 5-year one standard... More
BTIG Downgrades McDonald's (MCD) to Neutral, 'Expect More Modest Growth in Near-Future'
February 5, 2024 5:47 PM ESTBTIG analyst Peter Saleh downgraded McDonald's (NYSE: MCD) from Buy to Neutral.
The analyst comments "We are downgrading shares of McDonald's to Neutral from Buy following earnings this morning, as sales trends have normalized, operating conditions have become more uncertain, and earnings... More
ON Semiconductor (ON) PT Lowered to $90 at JPMorgan
February 5, 2024 4:41 PM ESTJPMorgan analyst Harlan Sur lowered the price target on ON Semiconductor (NASDAQ: ON) to $90.00 (from $95.00) while maintaining a Neutral rating.
The analyst comments "ON Semi reported 4Q results slightly better than consensus, with end market performance largely in line with expectations. For the 1Q outlook, the team guided revenues down 8% Q/Q, below consensus but better than market expectations given the double-digit % Q/Q decline seen from its diversified peers (e.g. TXN down 12% Q/Q and MCHP down 25% Q/Q). ONs quarterly peak-to-trough revenue decline is ~15-20% (vs peers... More
McDonald's (MCD) PT Lowered to $340 at Truist Securities
February 5, 2024 3:30 PM ESTTruist Securities analyst Jake Bartlett lowered the price target on McDonald's (NYSE: MCD) to $340.00 (from $345.00) while maintaining a Buy rating.
The analyst comments "Following 4Q23 results (SSS miss and EPS beat) and disappointing restaurant margin (RLM) guidance, we are lowering ests. and our... More
Tesla (TSLA) sinks as SAP moves away from EV giant
February 5, 2024 3:12 PM ESTTesla's (NASDAQ: TSLA) stock dropped nearly 6% on Monday following reports that German software firm SAP would stop buying electric cars from the company.
Tesla's shares fell to $177.27, the lowest since May 2023, and has traded down 28% this year. The decline accelerated after Tesla projected "notably lower" delivery growth in... More
Global BEV sales reach a new high
February 5, 2024 11:56 AM ESTBank of America tracked electric vehicle sales for December and FY 2023 finding in December 2023 that global Battery Electric Vehicle (BEV) sales achieved a record high of 1.1 million units, marking a 19% YoY increase and pushing the penetration rate beyond 14% for the first time.
China experienced a resurgence in BEV sales, rising by 38% YoY in December and 32% in the 4Q. Meanwhile, the EU saw a 20% decline in December due to the phasing out of subsidies the previous... More
Argus sees a turnaround opportunity in Boeing (BA) shares
February 5, 2024 9:18 AM ESTThere is a turnaround opportunity brewing for Boeing (NYSE: BA) shares, according to a note from investment research firm Argus on Monday.
While they noted that BA shares have fallen almost 20% over the past few weeks due to new problems with its 737... More
