Midday movers: Lululemon, Lyft rise; Five Below, Victoria's Secret fall
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NVIDIA (NVDA) PT Lowered to $131 at Evercore ISI
June 10, 2024 11:47 AM EDTEvercore ISI analyst Mark Lipacis lowered the price target on NVIDIA (NASDAQ: NVDA) to $131.00 (from $1,310.00) while maintaining a Outperform rating.
The analyst comments "NVDA announced a 10-to-1 stock split on May 22, 2024 effective after markets close on June 7, 2024. Following this every shareholder will... More
UBS Reiterates Neutral Rating on Apple (AAPL)
June 10, 2024 8:48 AM EDTUBS analyst David Vogt reiterated a Neutral rating and $190.00 price target on Apple (NASDAQ: AAPL).
The analyst comments "GenAI interest solid in China but muted elsewhere as cost & privacy are concerns. Somewhat not surprisingly in our view, a high price was cited... More
Novo Nordisk (NVO) PT Raised to $160 at Argus
June 10, 2024 8:32 AM EDTArgus analyst John Eade raised the price target on Novo Nordisk (NYSE: NVO) to $160.00 (from $125.00) while maintaining a Buy rating.
The analyst comments "We are reiterating our BUY rating of Novo Nordisk A/S (NYSE: NVO). Novo, based in Denmark, is a... More
NVIDIA (NVDA) PT Lowered to $140 at Cantor Fitzgerald, 'remains our TOP PICK in semis'
June 10, 2024 5:35 AM EDTCantor Fitzgerald analyst C.J. Muse lowered the price target on NVIDIA (NASDAQ: NVDA) to $140.00 (from $1,400.00) while maintaining a Overweight rating.
The analyst comments "NVDA announced a 10-for-1 stock split last Q which officially took effect Friday post close. As such, we... More
UBS Reiterates Neutral Rating on Lyft (LYFT)
June 7, 2024 10:55 AM EDTUBS analyst Lloyd Walmsley reiterated a Neutral rating and $19.00 price target on Lyft (NASDAQ: LYFT).
The analyst comments "We walk away from Lyft's first investor day directionally more positive as it set 2024- 2027 targets ahead of consensus. Key guidance parameters included: 1) 2024-2027... More
Bernstein SocGen Group Reiterates Market Perform Rating on NIO (NIO)
June 7, 2024 10:48 AM EDTBernstein SocGen Group analyst Eunice Lee reiterated a Market Perform rating and $5.50 price target on NIO (NYSE: NIO).
The analyst comments "Q1 results a miss. NIO reported Q1 revenue of RMB 9.9bn (-7.2% YoY and -42.1% QoQ). Revenue decline was driven by... More
Lululemon Athletica Inc. (LULU) PT Raised to $382 at Bernstein SocGen Group
June 7, 2024 10:47 AM EDTBernstein SocGen Group analyst Aneesha Sherman raised the price target on Lululemon Athletica Inc. (NASDAQ: LULU) to $382.00 (from $376.00) while maintaining a Market Perform rating.
The analyst comments "LULUs Q1 showed a continues slowdown in the US business, with a Q1 beat... More
Bernstein SocGen Group Reiterates Market Perform Rating on Lyft (LYFT)
June 7, 2024 10:46 AM EDTBernstein SocGen Group analyst Nikhil Devnani reiterated a Market Perform rating and $19.00 price target on Lyft (NASDAQ: LYFT).
The analyst comments "LYFT hosted its inaugural Investor Day in New York yesterday. The company came out swinging with a strong set of guidance that implies... More
Citi Reiterates Buy Rating on Lululemon Athletica Inc. (LULU)
June 7, 2024 6:59 AM EDTCiti analyst Paul Lejuez reiterated a Buy rating and $415.00 price target on Lululemon Athletica Inc. (NASDAQ: LULU)
The analyst comments "1Q sales were in-line w/cons and above bearish market expectations. Investor fears around rising competition from smaller competitors (Alo, Vuori) weighed on... More
Big Lots (BIG) PT Lowered to $2.50 at Telsey
June 7, 2024 5:08 AM EDTTelsey analyst Joseph Feldman lowered the price target on Big Lots (NYSE: BIG) to $2.50 (from $5.00) while maintaining a Market Perform rating.
The analyst comments "Big Lots 1Q24 was disappointing, as performance missed estimates and expectations were reset lower. The company reported 1Q24 adjusted EPS of ($4.51) vs. our... More
NIO (NIO) PT Raised to $6 at BofA Securities
June 7, 2024 4:54 AM EDTBofA Securities analyst Ming Hsun Lee raised the price target on NIO (NYSE: NIO) to $6.00 (from $5.90) while maintaining a Neutral rating.
The analyst comments "NIO announced 1Q24 results and hosted a conference call on 6 June. Total revenue came in at... More
Evercore ISI Reiterates In Line Rating on Lyft (LYFT)
June 7, 2024 4:51 AM EDTEvercore ISI analyst Mark Mahaney reiterated an In Line rating and $18.00 price target on Lyft (NASDAQ: LYFT).
The analyst comments "We attended LYFTs first investor day in NYC and came away more constructive on the companys growth and profit prospects. LYFT... More
NIO (NIO) PT Lowered to $8.50 at Citi
June 6, 2024 2:45 PM EDTCiti analyst Jeff Chung lowered the price target on NIO (NYSE: NIO) to $8.50 (from $10.40) while maintaining a Buy rating.
The analyst comments "To factor in YTD strong sales momentum and upcoming new model launches of ONVO and Firefly, we raise 2024-25E sales... More
Five Below (FIVE) PT Lowered to $155 at Deutsche Bank
June 6, 2024 11:22 AM EDTDeutsche Bank analyst Paul Trussell lowered the price target on Five Below (NASDAQ: FIVE) to $155.00 (from $177.00) while maintaining a Buy rating.
The analyst comments "With the challenged macro landscape weighing heavily on its core lower-income consumer, FIVE delivered 1Q results that were worse-than-feared. FIVE saw... More
BofA Securities Reiterates Buy Rating on Apple (AAPL)
June 6, 2024 9:51 AM EDTBofA Securities analyst Wamsi Mohan reiterated a Buy rating and $230.00 price target on Apple (NASDAQ: AAPL).
The analyst comments "As per SensorTower data, App Store revenues in F3Q (after 66 days) increased to $5.4bn (+11% y/y, according to data on developer revenues from... More
Lululemon Athletica Inc. (LULU) PT Raised to $440 at BofA Securities
June 6, 2024 9:35 AM EDTBofA Securities analyst Lorraine Hutchinson raised the price target on Lululemon Athletica Inc. (NASDAQ: LULU) to $440.00 (from $430.00) while maintaining a Buy rating.
The analyst comments "We reiterate our Buy rating and think LULU's improving innovation pipeline will result in accelerating sales trends, particularly... More
Five Below (FIVE) PT Lowered to $176 at Barclays
June 6, 2024 9:25 AM EDTBarclays analyst Karen Short lowered the price target on Five Below (NASDAQ: FIVE) to $176.00 (from $214.00) while maintaining a Overweight rating.
The analyst comments "The Q1 slowdown and guidance cut overshadowed positive signals from shrink initiatives, which was one of the bigger debates... More
BTIG Reiterates Buy Rating on Lululemon Athletica Inc. (LULU)
June 6, 2024 9:05 AM EDTBTIG analyst Janine Stichter reiterated a Buy rating and $425.00 price target on Lululemon Athletica Inc. (NASDAQ: LULU)
The analyst comments "While Q1 won't be enough to settle the bull/bear debate, it should be enough to offer a sigh of relief that (1) the... More
Lululemon Athletica Inc. (LULU) PT Lowered to $435 at CFRA
June 6, 2024 8:41 AM EDTCFRA analyst Zachary Warring lowered the price target on Lululemon Athletica Inc. (NASDAQ: LULU) to $435.00 (from $550.00) while maintaining a Buy rating.
The analyst comments "We lower our 12-month price target by $115 to $435, 30.0x our FY 25 (Jan.) EPS estimate and below the... More
Citi Reiterates Buy Rating on NIO (NIO)
June 6, 2024 8:26 AM EDTCiti analyst Jeff Chung reiterated a Buy rating and $10.40 price target on NIO (NYSE: NIO).
The analyst comments "1Q vehicle GPM arrived at 9.2% in-line with Bloomberg consensus while GAAP net loss at Rmb5.29bn (narrowed by 6% QoQ but widened by 9% YoY) and missed... More
