Midday movers: Apple, Amgen and Block rise; Cloudflare and Expedia fall

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Motorola Solutions Inc. (MSI) PT Raised to $410 at Argus

May 7, 2024 2:01 PM EDT

Argus analyst Jim Kelleher raised the price target on Motorola Solutions Inc. (NYSE: MSI) to $410.00 (from $38.00) while maintaining a Buy rating.

The analyst comments "The company's multi-year pattern is to initiate conservative guidance for the year ahead, and then to raise annual guidance... More

CFRA on Apple (AAPL): 'we think these upgrades...will help drive a return to growth'

May 7, 2024 12:38 PM EDT

CFRA analyst Angelo Zino reiterated a Buy rating and $210.00 price target on Apple (NASDAQ: AAPL).

The analyst comments "AAPL is fully revamping its iPad line-up with a larger 13-inch iPad Air and new M4 chips (from M2) for iPad Pros. The Pros also possess a... More

BofA Securities Positive on Apple (AAPL): 'Another qtr of buyback authorization and div increase'

May 7, 2024 9:32 AM EDT

BofA Securities analyst Wamsi Mohan reiterated a Buy rating and $230.00 price target on Apple (NASDAQ: AAPL).

The analyst comments "

During the F2Q earnings call, mgmt. announced that the Board of Directors had authorized an additional $110bn for share buybacks,... More

Paramount Global (PARA) stock gains premarket following takeover talk reports

May 6, 2024 7:27 AM EDT

After falling 7% Friday, Paramount Global (NASDAQ: PARA) shares are up more than 2% premarket Monday.

Reports emerged that at the end of last week Sony and private equity firm Apollo Global said they intend to make a $26 billion cash offer for the company.... More

Hershey (HSY) PT Raised to $204 at Citi

May 6, 2024 5:45 AM EDT

Citi analyst Thomas Palmer raised the price target on Hershey (NYSE: HSY) to $204.00 (from $199.00) while maintaining a Neutral rating.

The analyst comments "After an eventful earnings week for the food group (especially KHC and K), HSYs 1Q earnings was less dramatic than... More

Motorola Solutions Inc. (MSI) PT Raised to $375 at Deutsche Bank

May 6, 2024 5:21 AM EDT

Deutsche Bank analyst Matt Niknam raised the price target on Motorola Solutions Inc. (NYSE: MSI) to $375.00 (from $355.00) while maintaining a Buy rating.

The analyst comments "We're increasing our forecasts and price target following another healthy beat and raise from Motorola Solutions, and... More

Hershey (HSY) PT Lowered to $204 at DA Davidson

May 6, 2024 4:59 AM EDT

DA Davidson analyst Brian Holland lowered the price target on Hershey (NYSE: HSY) to $204.00 (from $220.00) while maintaining a Neutral rating.

The analyst comments "We are encouraged HSY is executing its inflation playbook (productivity, cost savings), and that share is beginning to inflect as... More

Apple (AAPL) PT Raised to $230 at BofA Securities, 'many positive catalysts ahead'

May 3, 2024 9:32 AM EDT

BofA Securities analyst Wamsi Mohan raised the price target on Apple (NASDAQ: AAPL) to $230.00 (from $225.00) while maintaining a Buy rating.

The analyst comments "The thesis for our upgrade to Buy earlier this year (see our note) is playing out with: (1) strong multi-year... More

Paramount Global (PARA) cut at Seaport as deal headlines cloud fundamental view

May 3, 2024 8:56 AM EDT

On Friday, Seaport Research Partners lowered its rating on Paramount Global (NASDAQ: PARA) to Neutral from Buy. The firm cited the increasing complexity and potential volatility surrounding the company's corporate structure as reasons for the downgrade. Paramount Global's stock has seen appreciation, bringing it closer to the firm's target price, amidst rumors of an all-cash offer from a Sony/Apollo partnership.

The firm has decided not to alter its estimates for... More