Midday movers: Disney, Palantir fall; International Paper, Kenvue rise

A Suzano acquisition would be credit negative for International Paper - Gimme Credit

On Tuesday, Reuters reported that Suzano, a Brazilian pulp and paper company, expressed interest in an all-cash acquisition of International Paper Company (NYSE: IP), a U.S.-based company.

The publication, citing people familiar with the matter, said the deal would be worth almost $15 billion. Reacting to those reports, an analyst from corporate... More

Walt Disney (DIS) PT Lowered to $128 at Evercore ISI

Evercore ISI analyst Vijay Jayant lowered the price target on Walt Disney (NYSE: DIS) to $128.00 (from $130.00) while maintaining a Outperform rating.

The analyst comments "DIS sold off 10% against a flat tape despite a broadly healthy 2Q print (in line revenue; beats... More

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

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

GlobalFoundries Inc. (GFS) PT Lowered to $60 at Deutsche Bank

Deutsche Bank analyst Ross Seymore lowered the price target on GlobalFoundries Inc. (NASDAQ: GFS) to $60.00 (from $62.00) while maintaining a Buy rating.

The analyst comments "GFS delivered a solid beat and raise with 1Q24 revs/GM of ~$1.55B/26.1% both above the high end of guidance, and the... More

Apple (AAPL) iPhone unit shipments remain challenged - Loop

Apple's (NASDAQ: AAPL) iPhone shipments remain challenged, according to analysts at Loop Capital, in a note on Tuesday.

The investment firm reiterated a Hold rating and $170 price target on the iPhone maker's shares in the note. They believe iPhone unit shipments, which... More

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

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