Midday movers: PepsiCo, JetBlue fall; GM, Danaher and UPS rise
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StreetInsider.com Top Tickers, 6/4/2026
- Wall Street ends lower as Middle East tensions escalate
- Broadcom results, guidance beat on soaring AI chip sales; stock slips after hours
- Broadcom's sales and AI chip forecast comes in below expectations, shares tumble
- SpaceX sets IPO price at $135 ahead of roadshow in break with Wall Street norms
- Oil gains as Middle East hostilities flare
- Morgan Stanley lifts MU and SNDK targets, sees 2-3 years of tight memory supply
- Navitas showcases 800V power delivery board at NVIDIA MGX ecosystem event
- Inotiv files for bankruptcy with $65 million financing commitment
- Broadcom results, guidance beat on soaring AI chip sales; stock slips after hours
- Wall Street ends lower as Middle East tensions escalate
- After-Hours Stock Movers: AVGO, CRWD, FIVE, AI, TLYS, NTSK,
- After-Hours Stock Movers: PANW, CRWD, ZS, GTLB, ULTA
- After-Hours Stock Movers: HPE, CRDO, FULC, ABVX, MCHP
- After-Hours Stock Movers: DELL, MDB, AEO, NTAP, GAP, S, ADSK
- After-Hours Stock Movers: CRM, MRVL, SNOW, HPQ, DDOG, MDB, P, SNPS, BRZE, NCNO
UPS (UPS) raised to buy at HSBC
April 25, 2024 9:18 AM EDTIn a note Thursday, analysts at HSBC upgraded UPS (NYSE: UPS) to Buy from Hold, raising the price target to $170 from $150 per share.
UPS's first-quarter results beat expectations due to a tapering volume decline and an improving costs base. The company also... More
Sherwin-Williams (SHW) PT Lowered to $370 at RBC Capital
April 25, 2024 6:48 AM EDTRBC Capital analyst Arun Viswanathan lowered the price target on Sherwin-Williams (NYSE: SHW) to $370.00 (from $380.00) while maintaining a Outperform rating.
The analyst comments "We lower our EPS estimates slightly and our PT to $370 from $380. We maintain our Outperform as we believe SHW's investments and... More
KeyBanc Upgrades Sherwin-Williams (SHW) to Overweight
April 25, 2024 5:19 AM EDTKeyBanc analyst Kenneth Zener upgraded Sherwin-Williams (NYSE: SHW) from Sector Weight to Overweight with a price target of $400.00.
The analyst comments "We upgrade SHW to Overweight from Sector Weight with a Price Target of $400, taking advantage of the 13% pullback in shares since the recent peak... More
Sherwin-Williams (SHW) PT Lowered to $286 at BofA Securities, 'risk to valuation'
April 24, 2024 9:14 AM EDTBofA Securities analyst Steve Byrne lowered the price target on Sherwin-Williams (NYSE: SHW) to $286.00 (from $289.00) while maintaining a Underperform rating.
The analyst comments "SHW posted 1Q adj EPS of $2.17 (above our $2.09 but below consensus $2.22), with revenue 1.5% below the year-ago quarter, but with EBITDA... More
Kimberly Clark (KMB) PT Raised to $126 at RBC Capital
April 24, 2024 6:29 AM EDTRBC Capital analyst Nik Modi raised the price target on Kimberly Clark (NYSE: KMB) to $126.00 (from $123.00) while maintaining a Sector Perform rating.
The analyst comments "KMB posted a solid quarter as volumes inflected positive and pricing (in hyperinflationary geographies) came in higher... More
General Motors (GM) PT Raised to $60 at JPMorgan
April 24, 2024 6:19 AM EDTJPMorgan analyst Ryan Brinkman raised the price target on General Motors (NYSE: GM) to $60.00 (from $58.00) while maintaining a Overweight rating.
The analyst comments "We are raising our estimates and price target, and reiterating our Overweight rating on GM shares after the automaker on Tuesday reported solidly better 1Q results (featuring easily higher EBIT, cash flow, and EPS than the Street was looking for), while at the same time further raising 2024 guidance that was already far above the Street. Looking more closely at the quarter... More
Deutsche Bank on General Motors (GM): 'Strong Start to 2024; Pricing and EV Remain Key'
April 24, 2024 6:16 AM EDTDeutsche Bank analyst Emmanuel Rosner reiterated a Hold rating and $50.00 price target on General Motors (NYSE: GM).
The analyst comments "GMs stock price jump yesterday, in our view, reflects a deserved positive reaction to the companys Q1 beat, as well as upward guidance revision. Importantly, management pointed to better Q2 Ebit sequentially driven mainly by volume and recovery in GMI, both in China and outside of China q/q, offset by some pricing weakness, though not seen thus far in April. We note that based on the companys updated guidance... More
General Motors (GM) PT Raised to $30 at Wells Fargo
April 24, 2024 5:42 AM EDTWells Fargo analyst Colin M. Langan raised the price target on General Motors (NYSE: GM) to $30.00 (from $28.00) while maintaining a Underweight rating.
The analyst comments "We raise our 2024E EPS from $4.45 to $5.00 to reflect the Q1 beat partially offset by our lower... More
Spotify (SPOT) PT Raised to $400 at Wells Fargo
April 24, 2024 5:40 AM EDTWells Fargo analyst Steven Cahall raised the price target on Spotify (NYSE: SPOT) to $400.00 (from $310.00) while maintaining a Overweight rating.
The analyst comments "SPOT beat on Q1 gross and op margin, and guided Q2 margins ahead of Street. The company continues... More
Kimberly Clark (KMB) PT Raised to $115 at BofA Securities
April 24, 2024 5:38 AM EDTBofA Securities analyst Anna Lizzul raised the price target on Kimberly Clark (NYSE: KMB) to $115.00 (from $110.00) while maintaining a Underperform rating.
The analyst comments "KMB raised its 2024 guidance, with organic sales now expected to increase +MSD vs. +LSD to +MSD... More
MSCI Inc. (MSCI) PT Lowered to $425 at BofA Securities
April 24, 2024 5:37 AM EDTBofA Securities analyst Heather Balsky lowered the price target on MSCI Inc. (NYSE: MSCI) to $425.00 (from $530.00) while maintaining a Underperform rating.
The analyst comments "1Q was a tough quarter with MSCI posting elevated cancels. Shares de-rated on the results. We think... More
Spotify (SPOT) PT Raised to $370 at BofA Securities
April 24, 2024 5:36 AM EDTBofA Securities analyst Jessica Reif Ehrlich raised the price target on Spotify (NYSE: SPOT) to $370.00 (from $315.00) while maintaining a Buy rating.
The analyst comments "Spotify reported a solid 1Q as revenue, gross margins, operating income and FCF were above our forecast while... More
Danaher (DHR) PT Raised to $270 at BofA Securities
April 24, 2024 5:35 AM EDTBofA Securities analyst Michael Ryskin raised the price target on Danaher (NYSE: DHR) to $270.00 (from $258.00) while maintaining a Neutral rating.
The analyst comments "While DHR did not change any of its underlying assumptions for Bioprocessing in FY24, we do see continued signs... More
UPS (UPS) PT Raised to $160 at BofA Securities
April 24, 2024 5:34 AM EDTBofA Securities analyst Ken Hoexter raised the price target on UPS (NYSE: UPS) to $160.00 (from $157.00) while maintaining a Neutral rating.
The analyst comments "UPS posted 1Q24 adj. EPS of $1.43, down 35% year-year, yet above our $1.24 target and Streets $1.30. Core 1Q24 results exceeded UPS lowered 1Q outlook provided at its March 26 Analyst Day, as it posted adj operating income of... More
Kimberly Clark (KMB) PT Raised to $160 at Evercore ISI
April 24, 2024 5:10 AM EDTEvercore ISI analyst Javier Escalante raised the price target on Kimberly Clark (NYSE: KMB) to $160.00 (from $150.00) while maintaining a Outperform rating.
The analyst comments "Perhaps it is an unkind way to put it, but Kimberlys restructuring is a bit of an... More
MSCI Inc. (MSCI) PT Lowered to $615 at Morgan Stanley
April 24, 2024 5:01 AM EDTMorgan Stanley analyst Toni Kaplan lowered the price target on MSCI Inc. (NYSE: MSCI) to $615.00 (from $671.00) while maintaining a Overweight rating.
The analyst comments "Large bank consolidation and a difficult end market environment impacted KPIs; however, we believe 1Q will be the... More
Spotify (SPOT) PT Raised to $345 at Macquarie
April 23, 2024 4:08 PM EDTMacquarie analyst Tim Nollen raised the price target on Spotify (NYSE: SPOT) to $345.00 (from $330.00) while maintaining a Outperform rating.
The analyst comments "Spotify's Q1 results included MAU of 615m, 3m below guidance but still up 19% YoY; premium subs of 239m in line with expectations and up 14%; revenue of 3.6bn in line; and, most... More
Spotify (SPOT) PT Raised to $396 at Rosenblatt
April 23, 2024 4:01 PM EDTRosenblatt analyst Barton Crockett raised the price target on Spotify (NYSE: SPOT) to $396.00 (from $315.00) while maintaining a Buy rating.
The analyst comments "Margin-friendly 1Q24 -- Spotify's sales grew 21% constant currency to 3,636 million, a scant 11 above us, and close to rounded guidance for 3.6 billion. Operating income of 168 million was 12 million below guidance, but included 82... More
3 internet stocks to own for Q1 earnings season
April 23, 2024 4:00 PM EDTWells Fargo analysts highlighted internet stocks they like in the first quarter earnings season in a note this week, naming two as "the most compelling long setups."
Roblox (NYSE: RBLX) and Uber (NYSE: UBER) are those two, with the bank... More
Stifel's Comments on Amazon.com (AMZN) Grocery Subscription Annoucement
April 23, 2024 12:54 PM EDTStifel analyst Mark Kelly reiterated a Buy rating and $224.00 price target on Amazon.com (NASDAQ: AMZN).
The analyst comments "Our First Take: (1) While investors were hopeful the deal between Whole Foods Canada and Instacart would translate into Amazon using Instacart elsewhere, this... More
Spotify (SPOT) PT Raised to $325 at CFRA
April 23, 2024 10:45 AM EDTCFRA analyst Kenneth Leon raised the price target on Spotify (NYSE: SPOT) to $325.00 (from $242.00) while maintaining a Hold rating.
The analyst comments "We raise our target by $83 to $325 using a forward P/E of 67.0x our '24 earnings estimate, below the five-year... More
JPMorgan raises Roblox (RBLX) to Overweight
April 23, 2024 9:07 AM EDTOn Tuesday, JPMorgan adjusted its stance on Roblox (NYSE: RBLX), upgrading the stock to Overweight from Neutral and setting a new price target of $48, an increase from the previous $41 per share. The decision comes as Roblox shares have experienced considerable volatility following their direct listing in 2021, mirroring the changing investor sentiment about the sustainability of companies that benefitted from increased usage during the pandemic.
Roblox's financial performance saw a substantial surge in bookings during 2020... More
Spotify (SPOT) PT Raised to Street High $400 at Pivotal Research
April 23, 2024 9:06 AM EDTPivotal Research analyst Jeffrey Wlodarczak raised the price target on Spotify (NYSE: SPOT) to $400.00 (from $390.00) while maintaining a Buy rating.
The analyst comments "Spotify reported a strong 1Q result highlighted by in-line premium MAUs, modestly lower than forecast ad-supported MAUs (on... More
