Midday movers: Nvidia, Dell rise; Live Nation, Boeing fall
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StreetInsider.com Top Tickers, 6/23/2026
- Wall St tumbles on tech selloff as concerns about hawkish Fed, AI spending mount
- Chip stocks plunge, but bargain-hunters stem losses in other tech names
- Oil drops $1 as investors focus on Hormuz flows after peace talks
- South Korea leveraged ETF crisis sparks global chip selloff
- Trump announces nuclear deal with Iran, lifts Hormuz blockade
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
- Spain's ex-transport minister sentenced to 24 years for corruption
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
- 'Equal and opposite': BTIG's Krinsky sees sharp reversal ahead for chip stocks
Netlist (NLST) awarded $445m in patent infringement trial against Micron (MU)
May 24, 2024 8:54 AM EDTNetlist (OTC: NLST) has secured a $445 million damages award in a patent infringement case against Micron Technology (NASDAQ: MU), including its subsidiaries Micron Semiconductor Products and Micron Technology Texas LLC.
The verdict, delivered by a... More
RBC Capital Reiterates Sector Perform Rating on Medtronic, Inc. (MDT)
May 24, 2024 6:16 AM EDTRBC Capital analyst Shagun Singh reiterated a Sector Perform rating and $92.00 price target on Medtronic, Inc. (NYSE: MDT).
The analyst comments "MDT delivered a beat (upside surprise of 1.7%/0.7% on sales/EPS, respectively), but FY25 guidance was in-line and FQ1 modestly below, sending... More
Seaport Global Securities Reiterates Buy Rating on Live Nation Entertainment (LYV)
May 24, 2024 6:10 AM EDTSeaport Global Securities analyst David Joyce reiterated a Buy rating and $115.00 price target on Live Nation Entertainment (NYSE: LYV).
The analyst comments "The Department of Justice finally filed its antitrust lawsuit against Live Nation Entertainment (and thereby going counter to its 2010 approval of their merger - could that open... More
Medtronic, Inc. (MDT) PT Raised to $105 at Wells Fargo
May 24, 2024 5:20 AM EDTWells Fargo analyst Larry Biegelsen raised the price target on Medtronic, Inc. (NYSE: MDT) to $105.00 (from $102.00) while maintaining a Overweight rating.
The analyst comments "Strong FQ4 rev beat, but elevated opex drives muted EPS beat. MDT reported FQ4 2024 rev of $8.59B (+5.4% organic)... More
Medtronic, Inc. (MDT) PT Raised to $76 at UBS
May 24, 2024 4:59 AM EDTUBS analyst Danielle Antalffy raised the price target on Medtronic, Inc. (NYSE: MDT) to $76.00 (from $75.00) while maintaining a Sell rating.
The analyst comments "Despite Outperformance, We Remain Skeptical of Sustainability of New Product Momentum; Commentary Suggests FY25 Consensus EPS Possibly... More
Stifel Reiterates Buy Rating on Medtronic, Inc. (MDT)
May 23, 2024 4:25 PM EDTStifel analyst Rick Wise reiterated a Buy rating and $100.00 price target on Medtronic, Inc. (NYSE: MDT).
The analyst comments "Notching a sixth consecutive mid-single-digit top-line revenue growth quarter (+5.4% organic), Medtronics 18 months of more-consistent performance positively suggest stable underlying business fundamentals. Now starting FY2025... More
BTIG Reiterates Neutral Rating on Medtronic, Inc. (MDT)
May 23, 2024 4:15 PM EDTBTIG analyst Sean Lavin reiterated a Neutral rating on Medtronic, Inc. (NYSE: MDT).
The analyst comments "We maintain our Neutral rating following FY4Q24 results. MDT reported rev. of $8.589B (0.5% Y/Y, 5.4% organic) and adj. EPS of $1.46 (-7% Y/Y), above BTIG/Consensus ests. of $8.443B/$8.445B and adj. EPS of $1.46/$1.45 by ~1.7% and ~0.6% respectively. Segment performance was favorable in Neuroscience (3.6% vs. Cons), Medical-Surgical (1.1% vs. Cons), and Diabetes (+0.9% vs. Cons)... More
Citi Reiterates Buy Rating on Live Nation Entertainment (LYV)
May 23, 2024 4:06 PM EDTCiti analyst Jason Bazinet reiterated a Buy rating and $130.00 price target on Live Nation Entertainment (NYSE: LYV)
The analyst comments "Earlier today, the DOJ and a group State Attorneys General filed an antitrust lawsuit against Live Nation. We learned three interesting things... More
Boeing (BA) PT Lowered to $230 at Stifel
May 23, 2024 3:34 PM EDTStifel analyst Bert Subin lowered the price target on Boeing (NYSE: BA) to $230.00 (from $240.00) while maintaining a Buy rating.
The analyst comments "This morning, CFO Brian West made comments at an investor conference, suggesting lower-than-expected FCF in 2Q, circa the ~($4B)... More
Boeing (BA) PT Lowered to $147 at CFRA
May 23, 2024 2:31 PM EDTCFRA analyst Stewart Glickman lowered the price target on Boeing (NYSE: BA) to $147.00 (from $151.00) while maintaining a Sell rating.
The analyst comments "Our 12-month target price of $147, cut $4, reflects a 26x multiple of projected 2025 EPS, in line with BA's long-term historical forward... More
BMO Capital Upgrades DuPont (DD) to Outperform
May 23, 2024 2:30 PM EDTBMO Capital analyst John McNulty upgraded DuPont (NYSE: DD) from Market Perform to Outperform with a price target of $96.00 (from $83.00).
The analyst comments "In what may be the last step of his multi-phase journey, Ed Breen/DD announced plans to separate into three companies (in... More
Wolfe Research Releases Key Talking Points from Conference with Boeing (BA)
May 23, 2024 12:07 PM EDTWolfe Research analyst Myles Walton reiterated an Outperform rating and $220.00 price target on Boeing (NYSE: BA).
The analyst comments "We hosted Boeing CFO, Brian West, for a fireside chat at the 17th Annual Wolfe Research Global Transportation and Industrial Conference this morning. Below are the main highlights: 2024 free cash flow is... More
