Midday movers: PepsiCo and Pinterest fall, Cloudflare soars

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JPMorgan Financials Specialist Negative on Coinbase (COIN): 'Short COIN - Volumes disappoint after ETF launch'

February 12, 2024 7:43 AM EST

JPMorgan Financials Specialist Negative on Coinbase (NASDAQ: COIN): 'Short COIN - Volumes disappoint after ETF launch'

The analyst, James Goulbourne (JPMorgan's Financials Specialist), comments "Weekly recap of key trading flows, research, and ideas out yesterday from me. This week highlighting our more... More

PepsiCo (PEP) raised to buy as Citi sees a good set-up

February 12, 2024 7:20 AM EST

PepsiCo (NASDAQ: PEP) shares were raised to Buy from Neutral at Citi on Monday, with analyst Filippo Falorni raising the price target to $195 from $180 per share.

Faloni told investors that his firm believes the lowered 2024 organic sales growth (OSG) bar... More

Take-Two Interactive (TTWO) PT Lowered to $180 at Wolfe Research

February 12, 2024 6:11 AM EST

Wolfe Research analyst Peter Supino lowered the price target on Take-Two Interactive (NASDAQ: TTWO) to $180.00 (from $186.00) while maintaining a Outperform rating.

The analyst comments "TTWO is still about GTA, and it looks like GTA slipped a few months. While F3Q'24 GAAP... More

Deutsche Bank Cautious on Pepsico (PEP), 'Waiting Game'

February 12, 2024 5:21 AM EST

Deutsche Bank analyst Steve Powers reiterated a Hold rating and $184.00 price target on Pepsico (NASDAQ: PEP).

The analyst comments "A weaker finish to FY23 (which confirmed the known deceleration in FLNA/PBNA and discrete challenges from the QFNA recall), together with reduced organic growth guidance in FY24 (now 4%+ vs. 6% prior), contributed to market skepticism today (given a back-half skew of PEP's outlook and PEP's commentary around a current slowdown in food/beverage category growth in the US). In all, this resulted in PEP's shares underperforming the market by -4 pts (-3.6%... More

Citi Upgrades Pepsico (PEP) to Buy, 'Lowered FY’24 OSG Bar Creates Good Set-Up'

February 12, 2024 5:08 AM EST

Citi analyst Filippo Falorni upgraded Pepsico (NASDAQ: PEP) from Neutral to Buy with a price target of $195.00 (from $180.00).

The analyst comments "Were upgrading PepsiCo (PEP) to Buy from Neutral. PEP has been a heavily debated stock over the last six months after... More

Pinterest Inc (PINS) PT Raised to $45 at CFRA

February 9, 2024 12:25 PM EST

CFRA analyst Angelo Zino raised the price target on Pinterest Inc (NYSE: PINS) to $45.00 (from $34.00) while maintaining a Buy rating.

The analyst comments "We raise our 12-month target price to $45 from $34, based on a P/E multiple of 27.3x our 2025 EPS... More