Midday movers: CrowdStrike, JD rise; Foot Locker, NYCB fall
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StreetInsider.com Top Tickers, 6/11/2026
- 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
- Needham Starts Hyliion Holdings (HYLN) at Buy
- 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
Mizuho maintains bullish stance on SoFi Technologies (SOFI)
March 8, 2024 9:32 AM ESTMizuho analysts are bullish on SoFi Technologies (NASDAQ: SOFI), maintaining their Buy rating and $12 per share price target on the stock in a note to clients Friday.
The firm believes the company's new $750 million convertible note offering, coupled with a $600 million equity exchange... More
Goldman Sachs Upgrades Coinbase Global Inc. (COIN) to Neutral
March 7, 2024 4:12 PM ESTGoldman Sachs analyst Will Nance upgraded Coinbase Global Inc. (NASDAQ: COIN) from Sell to Neutral with a price target of $282.00.
The analyst comments "We are upgrading shares of COIN to Neutral from Sell, as crypto prices have surged to all time... More
JD.com, Inc (JD) PT Raised to $39 at HSBC, 'Increased visibility in growth outlook'
March 7, 2024 6:56 AM ESTHSBC analyst Charlene Liu raised the price target on JD.com, Inc (NASDAQ: JD) to $39.00 (from $38.00) while maintaining a Buy rating.
The analyst comments "Increased visibility in growth outlook: 4Q23 product sales came in better than expected, hence we become more confident that JD can meet our expectations to deliver high single... More
JD.com, Inc (JD) PT Raised to $28 at JPMorgan
March 7, 2024 5:37 AM ESTJPMorgan analyst Andre Chang raised the price target on JD.com, Inc (NASDAQ: JD) to $28.00 (from $25.00) while maintaining a Neutral rating.
The analyst comments "We believe JDs solid 4Q23 result and 2024 guidance suggest two incremental positives: 1) that the downside risk to 2024... More
Telsey Downgrades Foot Locker (FL) to Market Perform
March 7, 2024 5:07 AM ESTTelsey analyst Cristina Fernandez downgraded Foot Locker (NYSE: FL) from Outperform to Market Perform with a price target of $28.00 (from $38.00).
The analyst comments "We are downgrading FL to Market Perform from Outperform due to higher than expected SG&A spending in 2024 that is resulting in a more gradual pace of operating margin recovery than we had anticipated. In specific, Foot Locker guided to operating margin expansion of just 10-50 bps YoY to 2.8%-3.2% in 2024, despite the comp and gross... More
New York Community Bancorp (NYCB) PT Lowered to $4 at Morgan Stanley, 'unclear how much deposit runoff has occurred'
March 7, 2024 4:51 AM ESTMorgan Stanley analyst Manan Gosalia lowered the price target on New York Community Bancorp (NYSE: NYCB) to $4.00 (from $6.00) while maintaining a Equalweight rating.
The analyst comments (emphasis SI) "Proposed transaction details. NYCB plans to raise $1.05 bil in the form of common stock at $2.00 and convertible preferred stock with an exercise price of $2.00. The company did not disclose the breakdown between common and preferred equity, but given that the stock closed today at $3.46 ,we assume that all of the preferred would be converted to common and model a share count increase of $1.05 bil / $2.00... More
New York Community Bancorp (NYCB) PT Lowered to $3.50 at Citi, 'Prefer L/T Outlook to N/T'
March 7, 2024 4:47 AM ESTCiti analyst Keith Horowitz lowered the price target on New York Community Bancorp (NYSE: NYCB) to $3.50 (from $5.00) while maintaining a Neutral rating.
The analyst comments "We view the $1.05 bil investment and appointment of CEO Joseph Otting as incrementally positive, but without... More
BofA Securities on New York Community Bancorp (NYCB): 'Actions provide breathing room'
March 7, 2024 4:46 AM ESTBofA Securities analyst Ebrahim Poonawala reiterated a Neutral rating and $5.00 price target on New York Community Bancorp (NYSE: NYCB).
The analyst comments "We believe that the capital injection combined with the credibility of the investor base in the financial services and real estate (important given NYCBs... More
Raymond James on New York Community Bancorp (NYCB): 'Capital Raise Stabilizes Balance Sheet as a Long Work Out Begins'
March 7, 2024 4:45 AM ESTRaymond James analyst Steve Moss reiterated a Market Perform rating and {REMOVEPT} price target on New York Community Bancorp (NYSE: NYCB)
The analyst comments "NYCBs capital raise is a positive step that buys the bank a considerable amount of time to work out a number of credit issues that we believe are NYCB specific. In particular, the bank has a surprisingly large interest-only multi-family... More
JPMorgan on New York Community Bancorp (NYCB): 'more questions than answers remaining at this juncture'
March 7, 2024 4:44 AM ESTJPMorgan analyst Steven Alexopoulos reiterated a Neutral rating and {REMOVEPT} price target on New York Community Bancorp (NYSE: NYCB)
The analyst comments "On Wednesday, New York Community announced that it is raising $1.05B in equity combined from institutional investors including former U.S. Treasury Secretary Steve Mnuchins Liberty Strategic Capital ($450mm), Hudson Bay ($250mm), and Reverence Capital ($200mm), among others. As part of the combined $1.05B equity raise, New York Community will issue and sell the shares of common stock at $2.00/share and a series of convertible preferred stock with a conversion price of... More
Deutsche Bank on New York Community Bancorp (NYCB): 'Turnaround Continues'
March 7, 2024 4:43 AM ESTDeutsche Bank analyst Bernard Von Gizycki reiterated a Hold rating and $5.00 price target on New York Community Bancorp (NYSE: NYCB)
The analyst comments "There has been a considerable amount of pressure on NYCB shares which have declined 65-70% since posting 4Q earnings on 1/31. This was due to a surprise loss... More
Piper Sandler on New York Community Bancorp (NYCB): 'capital raise will alleviate investor and depositor concerns'
March 7, 2024 4:42 AM ESTPiper Sandler analyst Mark Fitzgibbon reiterated a Neutral rating and $5.00 price target on New York Community Bancorp (NYSE: NYCB)
The analyst comments "We believe the capital raise will alleviate investor and depositor concerns. The group leading the capital raise included: Liberty Strategic Capital ($450 million),... More
CrowdStrike Holdings (CRWD) PT Raised to $425 at Citi, 'A Real Crowd Pleaser'
March 7, 2024 3:42 AM ESTCiti analyst Fatima Boolani raised the price target on CrowdStrike Holdings (NASDAQ: CRWD) to $425.00 (from $320.00) while maintaining a Buy rating.
The analyst comments "In its seasonally strong F4Q, CRWD reversed the CY23-trend of skinny ARR beats, handily crushing top/bottomline... More
JD.com, Inc (JD) PT Raised to $33 at Mizuho
March 6, 2024 4:36 PM ESTMizuho analyst James Lee raised the price target on JD.com, Inc (NASDAQ: JD) to $33.00 (from $32.00) while maintaining a Buy rating.
The analyst comments "The quarter illustrated the first positive progress of price matching and expanded selections to low-priced, white label... More
Jefferies Comments on New York Community Bancorp (NYCB)
March 6, 2024 4:14 PM ESTJefferies analyst Casey Haire reiterated a Hold rating and $7.00 price target on New York Community Bancorp (NYSE: NYCB)
The analyst comments "NYCB announced ~$1B PIPE deal involving four blue chip institutional investors, installed former OCC vet/OneWest CEO Joseph Otting as CEO, and reshuffled the Board. Deal terms are vague, but if we assume all $1B fully converts to common, we derive $6.73 tangible BV (34% dilution) and a ~100bp boost to CET1 ratio to 10.2%. No update on deposits/credit quality, but "smart money" capital raise plus changes to C-suite/Board should take bear... More
