US CPI, Cisco earnings, meme stocks - what's moving markets
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- Wall Street ends lower as higher yields, rising oil prices mark shaky start to September
- Oil prices jump 4% as fresh US-Iran fighting stokes supply fears
- Two Saudi tankers struck in Strait of Hormuz Monday
- Dell again lifts annual forecasts as AI demand powers record results
- Fed’s Barr backs rate hike if inflation fails to cool, September odds hit 66%
Argus Reiterates Buy Rating on Cisco (CSCO)
May 17, 2024 1:48 PM EDTArgus analyst Jim Kelleher reiterated a Buy rating and $70.00 price target on Cisco (NASDAQ: CSCO).
The analyst comments "BUY-rated Cisco Systems Inc. (NGS: CSCO) fell 2% in a positive market on 5/16/24 after the company reported fiscal 3Q24 revenue and non-GAAP EPS that edged past consensus... More
Cisco (CSCO) PT Raised to $57 at Wells Fargo
May 16, 2024 5:40 AM EDTWells Fargo analyst Aaron Rakers raised the price target on Cisco (NASDAQ: CSCO) to $57.00 (from $52.00) while maintaining a Equal Weight rating.
The analyst comments "Although we maintain a positive long-term view on Cisco's subscription model execution and incremental webscale traction, several... More
Evercore ISI Positive on Cisco (CSCO)
May 16, 2024 4:39 AM EDTEvercore ISI analyst Amit Daryanani reiterated an Outperform rating and $55.00 price target on Cisco (NASDAQ: CSCO).
The analyst comments "Cisco reported a Apr-qtr that was better than expected on the top and bottom line, including a notable gross margin beat. The Jul-qtr guide looks largely in-line although Splunk integration makes it difficult to compare consensus numbers. Order numbers were a key positive in the quarter as they were flat (ex-Splunk) compared to a 12% decline in the prior... More
Boot Barn (BOOT) PT Raised to $123 at Williams Trading, 'Buy BOOT'
May 15, 2024 12:07 PM EDTWilliams Trading analyst Sam Poser raised the price target on Boot Barn (NYSE: BOOT) to $123.00 (from $113.00) while maintaining a Buy rating.
The analyst comments "Buy BOOT, but don't use the spurs just yet. We are raising our PT from $113 to $123. We are... More
Colgate-Palmolive Company (CL) PT Raised to $107 at Argus
May 15, 2024 7:09 AM EDTArgus analyst Chris Graja raised the price target on Colgate-Palmolive Company (NYSE: CL) to $107.00 (from $97.00) while maintaining a Buy rating.
The analyst comments "Our rating on Colgate-Palmolive Co. (NYSE: CL) is BUY. Colgate is a well-established... More
William Blair Comments on Boot Barn (BOOT)
May 15, 2024 6:59 AM EDTWilliam Blair analyst Dylan Carden reiterated an Outperform rating on Boot Barn (NYSE: BOOT)
The analyst comments "We believe the Street was playing for a better comp and earnings guide based on some more recent inflection in the business, whereas the severity... More
