Trump, Powell's speech, Goldman earnings - what's moving markets

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Netflix (NFLX) PT Raised to $735 at Guggenheim

July 17, 2024 6:12 AM EDT

Guggenheim analyst Michael Morris raised the price target on Netflix (NASDAQ: NFLX) to $735.00 (from $700.00) while maintaining a Buy rating.

The analyst comments "Netflix is the streaming leader and the market treats the stock accordingly. What dont we know yet? What makes it go higher or lower? Member... More

Bank of America (BAC) PT Raised to $46 at RBC Capital

July 16, 2024 4:34 PM EDT

RBC Capital analyst Gerard Cassidy raised the price target on Bank of America (NYSE: BAC) to $46.00 (from $39.00) while maintaining a Outperform rating.

The analyst comments "BAC's diversified business model continues to demonstrate its ability to navigate through uncertain times. Its core business of... More

Colgate-Palmolive Company (CL) PT Raised to $104 at Deutsche Bank

July 16, 2024 4:33 PM EDT

Deutsche Bank analyst Steve Powers raised the price target on Colgate-Palmolive Company (NYSE: CL) to $104.00 (from $98.00) while maintaining a Buy rating.

The analyst comments "All-in, we see upside risk to CL's full-year outlook for both organic sales growth and EPS. Our full-year EPS increases to... More

Bank of America (BAC) PT Raised to $48 at Argus

July 16, 2024 2:30 PM EDT

Argus analyst Stephen Biggar raised the price target on Bank of America (NYSE: BAC) to $48.00 (from $45.00) while maintaining a Buy rating.

The analyst comments "Raising target to $48 as investment banking recovery continues On July 16, the company reported 2Q24 earnings of $0.83 per share,... More

CFRA Downgrades Bank of America (BAC) to Sell

July 16, 2024 11:09 AM EDT

CFRA analyst Kenneth Leon downgraded Bank of America (NYSE: BAC) from Hold to Sell with a price target of $39.00 (from $38.00).

The analyst comments "We raise our target $1 to $39, on a forward P/E of 11.5x our 2025 earnings estimate, in line with the three-year historic average and a... More

Barclays Agrees With Consensus Positive Sentiment on Netflix (NFLX)

July 16, 2024 10:31 AM EDT

Barclays Agrees With Consensus Positive Sentiment on Netflix (NASDAQ: NFLX)

The analyst comments "Netflix appears to be on course to beat subscriber expectations significantly again in 2Q and the stock seems to have reacted to that already. The fact that sub trends remain a driver of the stock is a bit surprising given the lack of correlation between sub growth and revenue growth as seen last year as a record sub growth year ex COVID coincided with one of the slowest revenue growth years for Netflix. The... More

Goldman Sachs (GS) PT Raised to $520 at Argus

July 15, 2024 1:25 PM EDT

Argus analyst Stephen Biggar raised the price target on Goldman Sachs (NYSE: GS) to $520.00 (from $465.00) while maintaining a Buy rating.

The analyst comments "Raising target to $520 following 2Q results On July 15, Goldman reported 2Q24 earnings of $8.62 per share, up from $3.08 a year earlier and above the... More

Wolfe Research on Goldman Sachs (GS): '2Q24 First Look: Mixed Bag'

July 15, 2024 9:05 AM EDT

Wolfe Research analyst Steven Chubak reiterated a Peerperform rating on Goldman Sachs (NYSE: GS).

The analyst comments "GS 2Q Summary: GS reported 2Q EPS of $8.62; ex. specials / impact of businesses GS intends to exit, the firm noted core EPS of $8.41, compared to... More

Citi Reiterates Neutral Rating on Goldman Sachs (GS)

July 15, 2024 8:51 AM EDT

Citi analyst Keith Horowitz reiterated a Neutral rating and $460.00 price target on Goldman Sachs (NYSE: GS)

The analyst comments "Core results were largely in line as stronger top line (34c) and lower credit costs (30c) were offset by higher than expected expenses... More

Citi (C) PT Raised to $72 at Argus

July 15, 2024 7:35 AM EDT

Argus analyst Stephen Biggar raised the price target on Citi (NYSE: C) to $72.00 (from $70.00) while maintaining a Buy rating.

The analyst comments " Raising target to $72 following 2Q results On July 12, Citigroup reported adjusted 2Q24 earnings from continuing operations of $1.57 per share, up from $1.33... More