US stock futures edge higher; retail sales release looms

Tesla (TSLA) target cut at RBC Capital after revisiting robotaxi

RBC Capital analysts lowered their price target for Tesla (NASDAQ: TSLA) to $227 per share, down from $293 in a note Thursday, maintaining an Outperform rating on the stock.

This revision comes after the firm revisited its assumptions for Tesla's robotaxi business.

"We lower our TSLA robotaxi value and now allocate a bigger revenue share to Service Providers like Uber/Lyft," states... More

Tesla (TSLA) PT Lowered to $227 at RBC Capital

RBC Capital analyst Tom Narayan lowered the price target on Tesla (NASDAQ: TSLA) to $227.00 (from $293.00) while maintaining a Outperform rating.

The analyst comments "Consistent with the work done by RBCs Internet Team, we lower our TSLA robotaxi value and now allocate a... More

RBC Capital Reiterates Underperform Rating on Lennar (LEN)

RBC Capital analyst Mike Dahl reiterated an Underperform rating and $145.00 price target on Lennar (NYSE: LEN).

The analyst comments "Our FY24E EPS declines -2% to $13.92 with FY25E -3% to $14.83, driven by worse GM% and SG&A%. While the 3Q GM% guide... More

Lennar (LEN) PT Lowered to $175 at BTIG

BTIG analyst Carl Reichardt Jr. lowered the price target on Lennar (NYSE: LEN) to $175.00 (from $177.00) while maintaining a Buy rating.

The analyst comments "LEN reported 2Q24 EPS of $3.45 ($3.38 adj for mark-to-market equities & sale of a tech investment) vs. our est. of $3.25 and consensus of $3.23. We were heartened by some progress on LEN's... More

Goldman Sachs Reiterates Buy Rating on Lennar (LEN)

Goldman Sachs analyst Susan Maklari reiterated a Buy rating and $180.00 price target on Lennar (NYSE: LEN)

The analyst comments "We come away from Lennar's F2Q earnings encouraged by ongoing progress towards an asset light model, with a consistent production pace to support... More

Lennar (LEN) PT Lowered to $237 at Evercore ISI

Evercore ISI analyst Stephen Kim lowered the price target on Lennar (NYSE: LEN) to $237.00 (from $238.00) while maintaining a Outperform rating.

The analyst comments "Lennar (LEN) reported 2Q24 (May) adjusted diluted EPS of $3.38, below our $3.44 estimate and above Street consensus of $3.23. All figures exclude a ~$25mm mark-to-market gain related to its investments in HIPO, SMRT, OPEN, NOVA, BLND and SOND. Overall, the companys results were in-line or modestly above... More

Tesla (TSLA) Master Plan 4 = Anything But Cars - Morgan Stanley

Morgan Stanley analysts warn that investors should prepare for a shift in Tesla's (NASDAQ: TSLA) focus beyond just electric vehicles (EVs).

They believe the upcoming Master Plan 4 (MP4) will reveal a strategic pivot towards "Anything But Cars" (ABC).

"Elon Musk seems to have acknowledged that China may have 'won' the battle for affordable... More

Morgan Stanley Positive on Tesla (TSLA)

Morgan Stanley analyst Adam Jonas reiterated an Overweight rating and $310.00 price target on Tesla (NASDAQ: TSLA).

The analyst comments "Amid bearish institutional investor sentiment, we reiterate our OW rating on Tesla with a $310 price target. Our thesis on Tesla... More

UBS: Small caps to outperform over the near term

UBS analysts predict strong potential for small-cap stocks in the coming months. Their research highlights a historical correlation between small-cap performance and Treasury yields.

"Over the past year, Small Cap stocks have outperformed when Treasury yields have declined," states the UBS note. Conversely, small caps have underperformed during... More

Citi lifts S&P 500 year-end target to 5600

Citi analysts have raised their S&P 500 year-end 2024 target to 5600 while also initiating mid- and full-year 2025 projections of 5700 and 5800, respectively, in a note Tuesday.

According to Citi, "Our full-year earnings estimate is increased to $250 from a long-standing above-consensus $245 estimate. For '25, we initiate a $270 estimate."

Citi's analysis considers three key influences: NVDA, other major growth stocks,... More