Midday movers: Tesla and Dollar Tree fall; Williams-Sonoma rises
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StreetInsider.com Top Tickers, 6/23/2026
- 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
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
- Spain's ex-transport minister sentenced to 24 years for corruption
- Needham Starts NeoVolta (NEOV) at Buy
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
Dollar General (DG) PT Raised to $140 at Truist Securities
March 15, 2024 6:59 AM EDTTruist Securities analyst Scot Ciccarelli raised the price target on Dollar General (NYSE: DG) to $140.00 (from $125.00) while maintaining a Hold rating.
The analyst comments "While 4Qs comp gain was slightly above our/Street ests and the company projected 24 comp growth to slightly exceed... More
Dollar General (DG) PT Raised to $160 at BMO Capital
March 15, 2024 6:40 AM EDTBMO Capital analyst Kelly Bania raised the price target on Dollar General (NYSE: DG) to $160.00 (from $130.00) while maintaining a Market Perform rating.
The analyst comments "DG's F4Q24 EPS beat on better comps but initial F25 EPS guidance was ~3% below consensus at the mid-point... More
Dollar General (DG) PT Raised to $155 at Wells Fargo
March 15, 2024 5:18 AM EDTWells Fargo analyst Edward Kelly raised the price target on Dollar General (NYSE: DG) to $155.00 (from $125.00) while maintaining a Equal Weight rating.
The analyst comments "Remain Equal Weight: We see the logic in owning DG into improving comps, FDO store closings, operational... More
Dollar General (DG) PT Lowered to $158 at Evercore ISI
March 15, 2024 5:08 AM EDTEvercore ISI analyst M. Michael Montani lowered the price target on Dollar General (NYSE: DG) to $158.00 (from $165.00) while maintaining a In Line rating.
The analyst comments "Bottom Line: DG is stabilizing share with traffic and comps a welcome positive inflection. We are... More
Telsey Upgrades Dollar General (DG) to Outperform
March 15, 2024 5:06 AM EDTTelsey analyst Joseph Feldman upgraded Dollar General (NYSE: DG) from Market Perform to Outperform with a price target of $170.00 (from $155.00).
The analyst comments "Upgrading DG to Outperform from Market Perform: In our view, the return of CEO Todd Vasos has brought stability to the... More
Dollar General (DG) PT Raised to $169 at Goldman Sachs
March 15, 2024 3:53 AM EDTGoldman Sachs analyst Kate McShane raised the price target on Dollar General (NYSE: DG) to $169.00 (from $147.00) while maintaining a Buy rating.
The analyst comments "DG closed down -5.1% (vs S&P -0.2%) after its 4Q beat and in-line FY24 guidance. Investors... More
Dollar General (DG) PT Lowered to $172 at CFRA
March 14, 2024 2:57 PM EDTCFRA analyst Arun Sundaram lowered the price target on Dollar General (NYSE: DG) to $172.00 (from $173.00) while maintaining a Buy rating.
The analyst comments "We trim our 12-month target by $1 to $172, 23.6x our FY 2025 (Jan.) EPS of $7.30 (cut from $8.44) or 20.2x our newly... More
Dollar General (DG) shares rise on earnings, revenue beat
March 14, 2024 7:56 AM EDTDollar General (NYSE: DG) reported a fourth-quarter earnings beat, with adjusted EPS of $1.83 exceeding analyst predictions by $0.11 and revenue reaching $9.9 billion, surpassing the consensus estimate of $9.76 billion. Despite a challenging retail environment, the company's shares rose 5.58% on the news, signaling strong investor confidence fueled by the earnings and revenue beat.
The discount retailer saw a 3.4% decline in net sales compared to the same... More
Williams-Sonoma (WSM) PT Raised to $290 at Wells Fargo, 'easy money looks made'
March 14, 2024 5:30 AM EDTWells Fargo analyst Zachary Fadem raised the price target on Williams-Sonoma (NYSE: WSM) to $290.00 (from $240.00) while maintaining a Equal Weight rating.
The analyst comments "Q/Q improvement; EBIT% up; But easy money looks made. WSM shares are deservingly up today, but more... More
Dollar Tree (DLTR) PT Lowered to $144 at Evercore ISI, 'Taking Decisive Action, Execution Risk Remains'
March 14, 2024 5:28 AM EDTEvercore ISI analyst Michael Montani lowered the price target on Dollar Tree (NASDAQ: DLTR) to $144.00 (from $157.00) while maintaining a In Line rating.
The analyst comments "What we liked: Dollar Tree topline and margin mojo. Decisive action on FDO closures. Buyback dry powder. Sales & margin recapture oppt. Dollar Tree banners 6.3%... More
Dollar Tree (DLTR) PT Lowered to $155 at Deutsche Bank, 'Dollar Drama Strikes Again'
March 14, 2024 5:25 AM EDTDeutsche Bank analyst Krisztina Katai lowered the price target on Dollar Tree (NASDAQ: DLTR) to $155.00 (from $166.00) while maintaining a Buy rating.
The analyst comments "DLTR prints have not lacked drama of late and we got plenty today: 1) 4Q was mixed and charges made it messy; 2) 1Q was guided well below consensus; 3) 2024 outlook bracketed... More
Williams-Sonoma (WSM) PT Raised to $320 at Telsey
March 14, 2024 5:09 AM EDTTelsey analyst Cristina Fernandez raised the price target on Williams-Sonoma (NYSE: WSM) to $320.00 (from $265.00) while maintaining a Outperform rating.
The analyst comments "There were a lot of positives in Williams-Sonoma's 4Q23 result: 1) slightly better comparable brand sales at (6.8%) vs. FS at (9.1%); 2) commentary that furniture sales were "less worse" in 4Q23 vs. 3Q23 and that 1Q24 trends in seasonal are "encouraging"; 3) guidance for an operating margin of 16.5%-16.8% in 2024 vs. FS at 16.1%, implying expansion from 16.4% in 2023; 4) an increase in the quarterly dividend of 26% to $1.13 per share and a new... More
Williams-Sonoma (WSM) PT Raised to $300 at Evercore ISI
March 14, 2024 5:07 AM EDTEvercore ISI analyst Oliver Wintermantel raised the price target on Williams-Sonoma (NYSE: WSM) to $300.00 (from $240.00) while maintaining a Outperform rating.
The analyst comments "William-Sonoma continues to perform close to the bull case scenario & far better than bear case skepticism. 4Q earnings and 2024 guidance provide yet another indication that mid-teens operating margins are here to stay and potentially go higher. WSMs profitability more than doubled during the pandemic with highly discretionary home... More
Williams-Sonoma (WSM) PT Raised to $320 at TD Cowen
March 14, 2024 5:04 AM EDTTD Cowen analyst Max Rakhlenko raised the price target on Williams-Sonoma (NYSE: WSM) to $320.00 (from $260.00) while maintaining a Outperform rating.
The analyst comments "We raise our price target to $320 on 20x our FY25 EPS of $15.80 as shares can continue to grind higher. We... More
Dollar Tree (DLTR) PT Raised to $152 at Goldman Sachs, 'Shrink and mix weigh on outlook'
March 14, 2024 4:09 AM EDTGoldman Sachs analyst Kate McShane raised the price target on Dollar Tree (NASDAQ: DLTR) to $152.00 (from $144.00) while maintaining a Buy rating.
The analyst comments "DLTR closed down -14.2% (vs S&P -0.2%), after its 4Q miss and in-line FY24 guidance, noting most investor... More
Williams-Sonoma (WSM) PT Raised to $292 at Citi
March 14, 2024 4:05 AM EDTCiti analyst Steven Zaccone raised the price target on Williams-Sonoma (NYSE: WSM) to $292.00 (from $241.00) while maintaining a Neutral rating.
The analyst comments "We model 1Q EPS of $2.58 (vs. Street $2.51) based on sales $1.65B (vs. Street $1.63B) and operating margin of 13.7% (vs. Street 13.2%).... More
Morgan Stanley Upgrades Williams-Sonoma (WSM) to Equalweight, 'Holding a High Bar'
March 14, 2024 3:56 AM EDTMorgan Stanley analyst Simeon Gutman upgraded Williams-Sonoma (NYSE: WSM) from Underweight to Equalweight with a price target of $270.00 (from $155.00).
The analyst comments "We are upgrading WSM to Equal-weight and raising our PT to $270 (from $155). Our PT is based on ~17x our '25e EPS of... More
Williams-Sonoma (WSM) PT Raised to $280 at Jefferies
March 13, 2024 4:40 PM EDTJefferies analyst Jonathan Matuszewski raised the price target on Williams-Sonoma (NYSE: WSM) to $280.00 (from $160.00) while maintaining a Hold rating.
The analyst comments "Lingering inflation is pressuring discretionary spend & housing turnover is bleak, but leadership's profit preservation has been stellar with just ~110 bps... More
Dollar Tree (DLTR) PT Lowered to $128 at Jefferies, 'unfavorable sales mix'
March 13, 2024 4:38 PM EDTJefferies analyst Randal J. Konik lowered the price target on Dollar Tree (NASDAQ: DLTR) to $128.00 (from $130.00) while maintaining a Hold rating.
The analyst comments "4Q top- and bottom-line missed expectations. DLTR is closing ~1K underperforming FDO stores in the coming years. Meanwhile,... More
Tesla (TSLA) PT Lowered to $165 at UBS, 'Concerns mounting, but will multiple crack?'
March 13, 2024 4:24 PM EDTUBS analyst Joseph Spak lowered the price target on Tesla (NASDAQ: TSLA) to $165.00 (from $225.00) while maintaining a Neutral rating.
The analyst comments "Concerns mounting, but will multiple crack? Aside from slowing EV demand and China competition, concerns include: 1) Unit growth re-acceleration depends on affordable (~$25k starting price) Model 2, but this would be a "late" entrant in China. M2 could... More
Dollar Tree (DLTR) PT Raised to $109 at CFRA
March 13, 2024 12:15 PM EDTCFRA analyst Arun Sundaram raised the price target on Dollar Tree (NASDAQ: DLTR) to $109.00 (from $104.00) while maintaining a Sell rating.
The analyst comments "We lift our 12-month target to $109 from $104, 16.5x our FY 25 (Jan.) EPS of $6.61 (up from $6.49; we initiate FY 26's at... More
Goldman Sachs Stays Bearish on Williams-Sonoma (WSM) Post EPS As Stock Soars Ten Percent
March 13, 2024 12:14 PM EDTGoldman Sachs analyst Kate McShane reiterated a Sell rating and $154.00 price target on Williams-Sonoma (NYSE: WSM)
The analyst comments "WSM reported 4Q23 EPS of $5.44, above GS/consensus (Refinitiv) at $4.93/$5.12, driven by a comp decline of -6.8% (above consensus of -9.3%) and a gross margin of 46.0% (above consensus of... More
