U.S. earnings seasons begins: What to expect

Wells Fargo on Bank of America (BAC): 'A turn in NII should lead to positive operating leverage...'

Wells Fargo analyst Mike Mayo reiterated an Overweight rating and $44.00 price target on Bank of America (NYSE: BAC).

The analyst comments "Headwinds now closer to tailwinds. BAC now expects NII (which beat) to inflect post 2Q24 given deposit pressure easing, better... More

Morgan Stanley (MS) PT Raised to $109 at Jefferies

Jefferies analyst Daniel Fannon raised the price target on Morgan Stanley (NYSE: MS) to $109.00 (from $107.00) while maintaining a Buy rating.

The analyst comments "Post 1Q24 results, we increase our EPS est's for 2Q24/2024 to $1.74/$7.25 from $1.59/$6.50 previously. Positive revisions reflect continued strength in IB... More

Bank of America (BAC) PT Raised to $37 at BMO Capital

BMO Capital analyst James Fotheringham raised the price target on Bank of America (NYSE: BAC) to $37.00 (from $36.00) while maintaining a Market Perform rating.

The analyst comments "Following BAC's 1Q24 top-line beat, we raise estimates by +3%; higher than previously modeled non-interest income (ECM, advisory,... More

Rosenblatt Previews Netflix (NFLX) Earnings

Rosenblatt analyst Barton Crockett reiterated a Neutral rating and $554.00 price target on Netflix (NASDAQ: NFLX)

The analyst comments "Sub growth is the big driver of Netflix's often substantial share volatility after earnings. And guidance for 1Q24 is broad -- net sub... More

Netflix (NFLX) PT Raised to $713 at BMO Capital, 'Multiple Paths to Increase AVOD Members & Monetization'

BMO Capital analyst Brian J. Pitz raised the price target on Netflix (NASDAQ: NFLX) to $713.00 (from $638.00) while maintaining a Outperform rating.

The analyst comments "Reiterate Outperform given: 1) rising potential for 2024+ member growth through ongoing paid sharing initiatives, T-Mobile ad tier-shift, and content... More

Morgan Stanley (MS) PT Raised to $108 at CFRA

CFRA analyst Ken Leon raised the price target on Morgan Stanley (NYSE: MS) to $108.00 (from $97.00) while maintaining a Buy rating.

The analyst comments "
MS stands to significantly benefit from the early stage recovery in investment banking and asset management. We... More

Analysts raise Netflix (NFLX) targets ahead of earnings release

Macquarie and Guggenheim raised their price targets for Netflix (NASDAQ: NFLX) in notes on Tuesday, ahead of the company's April 18 earnings release.

Guggenheim lifted its Netflix target to $700 from $600, maintaining a Buy rating on the stock. The firm said investor confidence heading into the streaming giant's earnings is high.

Buyside net member add expectations... More

Netflix (NFLX) PT Raised to $700 at Guggenheim

Guggenheim analyst Michael Morris raised the price target on Netflix (NASDAQ: NFLX) to $700.00 (from $600.00) while maintaining a Buy rating.

The analyst comments "Netflix share performance has remained strong in 2024, up 29% vs. 7% for the NASDAQ 100, and investor confidence into earnings is high. Our colleague and sector... More