Midday movers: Salesforce, Kohl's and Agilent fall; Foot Locker, HP rise

Go back to Midday movers: Salesforce, Kohl's and Agilent fall; Foot Locker, HP rise

Autodesk (ADSK) PT Lowered to $260 at BofA Securities

June 3, 2024 6:50 AM EDT

BofA Securities analyst Brad Sills lowered the price target on Autodesk (NASDAQ: ADSK) to $260.00 (from $300.00) while maintaining a Neutral rating.

The analyst comments "Our new $260 PO (from $300) is based on an EV/EBITDA multiple of 22x our CY25 EBITDA estimate of... More

Moderna (MRNA) PT Raised to $160 at RBC Capital

June 3, 2024 6:40 AM EDT

RBC Capital analyst Luca Issi raised the price target on Moderna (NASDAQ: MRNA) to $160.00 (from $135.00) while maintaining a Outperform rating.

The analyst comments "Despite PDUFA date pushed out by a few weeks, MRNA gets approved for RSV. Vaccine efficacy reported on the label (79%)... More

RBC Capital Reiterates Outperform Rating on Autodesk (ADSK)

June 3, 2024 6:35 AM EDT

RBC Capital analyst Matthew Hedberg reiterated an Outperform rating and $260.00 price target on Autodesk (NASDAQ: ADSK)

The analyst comments "Autodesk announced the results of the audit committee investigation which should remove an overhang from the stock. Importantly, no restatement of financials was... More

Citi Reiterates Buy Rating on Autodesk (ADSK)

June 3, 2024 5:19 AM EDT

Citi analyst Tyler Radke reiterated a Buy rating and $286.00 price target on Autodesk (NASDAQ: ADSK).

The analyst comments "On Friday afternoon, ADSK provided a largely favorable update on the audit committees accounting investigation, announced preliminary 1Q results which were better than feared and... More

Kohl's (KSS) PT Lowered to $20 at CFRA

May 31, 2024 9:50 AM EDT

CFRA analyst Zachary Warring lowered the price target on Kohl's (NYSE: KSS) to $20.00 (from $28.00) while maintaining a Hold rating.

The analyst comments "We lower our 12-month price target by $8 to $20, based on 11.4x our FY 25 (Jan.) EPS estimate and in between the... More

CFRA Reiterates Sell Rating on American Eagle Outfitters (AEO)

May 31, 2024 9:38 AM EDT

CFRA analyst Zachary Warring reiterated a Sell rating and $20.00 price target on American Eagle Outfitters (NYSE: AEO).

The analyst comments "We maintain our 12-month price target of $20, based on 12.5x our FY 25 (Jan.) EPS estimate and slightly higher than the company's three-year average... More

Foot Locker (FL) PT Raised to $26 at Jefferies

May 31, 2024 8:25 AM EDT

Jefferies analyst Corey Tarlowe raised the price target on Foot Locker (NYSE: FL) to $26.00 (from $24.00) while maintaining a Hold rating.

The analyst comments "FL's 1Q SSS, GM, and EPS came ahead of Street ests, while revenue and OM were in-line. Champs continues to close stores,... More

Dollar General (DG) PT Lowered to $155 at Guggenheim

May 31, 2024 6:24 AM EDT

Guggenheim analyst John Heinbockel lowered the price target on Dollar General (NYSE: DG) to $155.00 (from $165.00) while maintaining a Buy rating.

The analyst comments "The shares 8.1% decline (versus S&P 0.6% decline) on a solid 1Q beat reflected a meaningfully below-consensus 2Q guide, which... More

Dollar General (DG) PT Raised to $158 at Deutsche Bank

May 31, 2024 5:12 AM EDT

Deutsche Bank analyst Paul Trussell raised the price target on Dollar General (NYSE: DG) to $158.00 (from $157.00) while maintaining a Buy rating.

The analyst comments "While 1Q results showed that DG is making progress on its Back to Basics plan, the better-than-expected SSS trends (third consecutive quarter of positive traffic; consumables SSS in line... More

Dollar General (DG) PT Lowered to $150 at Evercore ISI

May 31, 2024 4:51 AM EDT

Evercore ISI analyst M. Michael Montani lowered the price target on Dollar General (NYSE: DG) to $150.00 (from $155.00) while maintaining a In Line rating.

The analyst comments "DG is driving trade in and out comping the U.S. grocery industry with 4% traffic a key... More

Foot Locker (FL) PT Raised to $27 at Telsey

May 30, 2024 4:49 PM EDT

Telsey analyst Cristina Fernandez raised the price target on Foot Locker (NYSE: FL) to $27.00 (from $26.00) while maintaining a Market Perform rating.

The analyst comments "We were pleased that Foot Locker's 1Q24 showed sequential improvement in both the comp and markdown activity as the quarter progressed, indicating its business and the industry are on better footing. This trend was driven by a combination of leaner inventories and better... More

JPMorgan Upgrades Hormel Foods (HRL) to Neutral

May 30, 2024 4:38 PM EDT

JPMorgan analyst Thomas Palmer upgraded Hormel Foods (NYSE: HRL) from Underweight to Neutral with a price target of $29.00 (from $28.00).

The analyst comments "Following this mornings earnings and subsequent stock decline (as of this writing, HRL is -9% vs. SPX -1%), we are upgrading the HRL shares to Neutral from Underweight, as we no... More

Kohl's (KSS) PT Lowered to $19 at Jefferies

May 30, 2024 4:15 PM EDT

Jefferies analyst Ashley Helgans lowered the price target on Kohl's (NYSE: KSS) to $19.00 (from $23.00) while maintaining a Hold rating.

The analyst comments "KSS missed Q1 meaningfully on a tough clearance-driven compare & lowered the FY as sales trends softened starting late March. FY guide still... More

Kohl's (KSS) PT Lowered to $22 at Evercore ISI

May 30, 2024 4:11 PM EDT

Evercore ISI analyst Michael Binetti lowered the price target on Kohl's (NYSE: KSS) to $22.00 (from $24.00) while maintaining a In Line rating.

The analyst comments "1Q SSS & EPS Miss as KSS Tries to Withdraw from Heavy Markdowns. 1Q EPS came in at a loss of... More

Dollar General (DG) PT Lowered to $137 at JPMorgan

May 30, 2024 4:10 PM EDT

JPMorgan analyst Matthew Boss lowered the price target on Dollar General (NYSE: DG) to $137.00 (from $161.00) while maintaining a Neutral rating.

The analyst comments "We rate DG Neutral as we see sequential top-line improvement in FY24 supported by managements key initiatives around instocks, store... More

Hormel Foods (HRL) PT Lowered to $33 at Citi

May 30, 2024 4:04 PM EDT

Citi analyst Thomas Palmer lowered the price target on Hormel Foods (NYSE: HRL) to $33.00 (from $35.00) while maintaining a Neutral rating.

The analyst comments "Following an EPS beat but sales shortfall (initial take), the HRL shares were down 8.7% at time of writing (vs.... More

Dollar General (DG) PT Lowered to $160 at Jefferies

May 30, 2024 2:18 PM EDT

Jefferies analyst Corey Tarlowe lowered the price target on Dollar General (NYSE: DG) to $160.00 (from $175.00) while maintaining a Buy rating.

The analyst comments "Traffic drove the strong comp beat relative to guidance and cons expectations. Consumables led category sales growth with gains... More

Foot Locker (FL) PT Raised to $34 at Evercore ISI

May 30, 2024 12:15 PM EDT

Evercore ISI analyst Michael Binetti raised the price target on Foot Locker (NYSE: FL) to $34.00 (from $32.00) while maintaining a In Line rating.

The analyst comments "In our view, the outsized move in FLs stock is due to comments that SSS accelerated... More