Powell speech, ASML earnings, UK inflation - what's moving markets

Go back to Powell speech, ASML earnings, UK inflation - what's moving markets

UnitedHealth Group (UNH) PT Raised to $562 at Deutsche Bank

April 19, 2024 5:06 AM EDT

Deutsche Bank analyst George Hill raised the price target on UnitedHealth Group (NYSE: UNH) to $562.00 (from $545.00) while maintaining a Buy rating.

The analyst comments "UNH reported a Q1 earnings beat with many moving pieces caused by the cyber attack on Change Healthcare, the left earnings quality and guidance up to investors interpretation.... More

Chip stocks, including Nvidia, 'have ways to go to the downside' - Lynx

April 18, 2024 8:26 AM EDT

In a Thursday note to clients, a Lynx Equity Strategies analyst said the firm believes semiconductor chip stocks, including NVIDIA (NASDAQ: NVDA), "have ways to go to the downside."

The firm pointed to Taiwan Semi's (NYSE: TSM)... More

United Continental (UAL) PT Raised to $70 at BofA Securities

April 18, 2024 5:49 AM EDT

BofA Securities analyst Andrew Didora raised the price target on United Continental (NASDAQ: UAL) to $70.00 (from $60.00) while maintaining a Buy rating.

The analyst comments "UAL shares were +18% today on a strong 1Q24 earnings beat and 2Q24 EPS outlook (see our first... More

U.S. Bancorp (USB) PT Lowered to $48 at Wells Fargo

April 18, 2024 5:33 AM EDT

Wells Fargo analyst Mike Mayo lowered the price target on U.S. Bancorp (NYSE: USB) to $48.00 (from $50.00) while maintaining a Overweight rating.

The analyst comments "NII flattening albeit w/worse guide. USB guided NII 1%-3% lower than where it was before (from... More

United Continental (UAL) PT Raised to $80 at Citi

April 18, 2024 4:50 AM EDT

Citi analyst Stephen Trent raised the price target on United Continental (NASDAQ: UAL) to $80.00 (from $73.00) while maintaining a Buy rating.

The analyst comments "Forecast adjustments for Buy-rated United Airlines include the incorporation of stronger, expected revenue per available seat mile or RASM,... More

Travelers (TRV) PT Lowered to $202 at Goldman Sachs

April 17, 2024 3:48 PM EDT

Goldman Sachs analyst Alex Scott lowered the price target on Travelers (NYSE: TRV) to $202.00 (from $212.00) while maintaining a Sell rating.

The analyst comments "In our view, TRV's share price reaction today (-8% currently) reflects investor focus on additions to liability reserves for recent accident years in Business Insurance plus... More

Travelers (TRV) PT Lowered to $235 at CFRA

April 17, 2024 12:41 PM EDT

CFRA analyst Cathy Seifert lowered the price target on Travelers (NYSE: TRV) to $235.00 (from $240.00) while maintaining a Buy rating.

The analyst comments "We trim our 12-month target price by $5 to $235, valuing the shares at 11.3x our 2025 operating EPS estimate of $20.75 (raised by $0.80) and at... More

Travelers (TRV) PT Lowered to $214 at Morgan Stanley

April 17, 2024 12:28 PM EDT

Morgan Stanley analyst Bob Huang lowered the price target on Travelers (NYSE: TRV) to $214.00 (from $230.00) while maintaining a Equalweight rating.

The analyst comments "Elevated loss ratio in Business Insurance and elevated expenses in Bond & Specialty insurance drove the earnings miss. Slower than... More

Travelers (TRV) PT Raised to $220 at JPMorgan

April 17, 2024 9:57 AM EDT

JPMorgan analyst Jimmy Bhullar raised the price target on Travelers (NYSE: TRV) to $220.00 (from $213.00) while maintaining a Underweight rating.

The analyst comments "TRVs reported relatively healthy business trends in 1Q24, but earnings missed consensus projections (beat our forecast). Elevated cat losses offset... More

Travelers (TRV) stock falls on earnings, revenue miss

April 17, 2024 9:29 AM EDT

Shares of Travelers (NYSE: TRV) fell 7% following the announcement of their first-quarter results, which missed analyst estimates for both earnings per share (EPS) and revenue. The insurance giant reported an adjusted EPS of $4.69, which was $0.18 shy of the consensus estimate of $4.87. Earned premiums for the quarter were reported at $10.13 billion, falling below the expected $10.62 billion.

Despite the shortfall relative to analyst expectations, Travelers did see a year-over-year (YoY) increase in its financials.... More

UnitedHealth Group (UNH) PT Lowered to $555 at RBC Capital

April 17, 2024 7:06 AM EDT

RBC Capital analyst Ben Hendrix lowered the price target on UnitedHealth Group (NYSE: UNH) to $555.00 (from $596.00) while maintaining a Outperform rating.

The analyst comments "While we are pleased to see some recovery in UNH shares on a betterthan-feared first quarter print and... More

UnitedHealth Group (UNH) PT Raised to $571 at Piper Sandler

April 17, 2024 7:02 AM EDT

Piper Sandler analyst Jessica Tassan raised the price target on UnitedHealth Group (NYSE: UNH) to $571.00 (from $566.00) while maintaining a Overweight rating.

The analyst comments "After a challenging CY23, UHC enters CY24 with restrained growth, balanced benefit design, deliberate care delivery and... More