Midday movers: Bank of America, Match rise; Charles Schwab falls

UnitedHealth Group (UNH) PT Raised to $632 at Deutsche Bank

Deutsche Bank analyst George Hill raised the price target on UnitedHealth Group (NYSE: UNH) to $632.00 (from $562.00) while maintaining a Buy rating.

The analyst comments "Another Messy Quarter - UNH reported Q2 earnings that delivered a modest EPS beat vs the Street, but with the... More

RBC Capital Reiterates Outperform Rating on Shopify (SHOP)

RBC Capital analyst Paul Treiber reiterated an Outperform rating and $85.00 price target on Shopify (NYSE: SHOP).

The analyst comments "Data from several third-party sources suggests Shopify's Q2 is tracking just marginally ahead of consensus. Third-party data shows Shopify Plus merchants were flat... More

What is Tesla's future in China?

Tesla's (NASDAQ: TSLA) future in China faces significant uncertainties, primarily due to the sensitive nature of autonomous technology and its potential dual-use applications, according to Morgan Stanley analysts.

The bank emphasizes that if Tesla or any other U.S. company were to solve the robotaxi problem, "it would be highly unlikely that company would be allowed to offer such technology within the PRC."

The dual-purpose element of embodied AI carries "obvious national security... More

UnitedHealth Group (UNH) PT Raised to $600 at Argus

Argus analyst David Toung raised the price target on UnitedHealth Group (NYSE: UNH) to $600.00 (from $570.00) while maintaining a Buy rating.

The analyst comments "We are reaffirming our BUY rating on UnitedHealth Group Inc. (NYSE: UNH) with a... More

UnitedHealth Group (UNH) PT Raised to $615 at RBC Capital

RBC Capital analyst Ben Hendrix raised the price target on UnitedHealth Group (NYSE: UNH) to $615.00 (from $555.00) while maintaining a Outperform rating.

The analyst comments "Medicare momentum appears to be building on UNHs solid second quarter EPS print, albeit on an atypically noisy earnings... More

UnitedHealth Group (UNH) PT Raised to $640 at Truist Securities

Truist Securities analyst David MacDonald raised the price target on UnitedHealth Group (NYSE: UNH) to $640.00 (from $600.00) while maintaining a Buy rating.

The analyst comments "We remain bullish on UNH following 2Q results featuring solid core trends, in-line adjusted MLR and reaffirmed '24 FY... More

Tesla (TSLA) PT Raised to $225 at Barclays

Barclays analyst Dan Levy raised the price target on Tesla (NASDAQ: TSLA) to $225.00 (from $180.00) while maintaining a Equalweight rating.

The analyst comments "Key takes: 1. Expecting 2Q miss on Auto GM% we see at 16.0%; 2. 40bps q/q decline in margin to new trough... More

Charles Schwab Corp. (SCHW) PT Lowered to $66 at BofA Securities

BofA Securities analyst Craig Siegenthaler lowered the price target on Charles Schwab Corp. (NYSE: SCHW) to $66.00 (from $72.00) while maintaining a Underperform rating.

The analyst comments "SCHW once again missed on deposit growth which drove supplemental funding higher in the quarter... More

Charles Schwab Corp. (SCHW) PT Lowered to $78 at JPMorgan

JPMorgan analyst Kenneth Worthington lowered the price target on Charles Schwab Corp. (NYSE: SCHW) to $78.00 (from $82.00) while maintaining a Overweight rating.

The analyst comments "Schwab reported 2Q24 adj. EPS of $0.73, generally in line with our and Bloomberg consensus expectations, with slightly better net interest income and adj. expenses. While the headline results were largely in line, underlying trends... More

Charles Schwab Corp. (SCHW) PT Lowered to $79 at Deutsche Bank

Deutsche Bank analyst Brian Bedell lowered the price target on Charles Schwab Corp. (NYSE: SCHW) to $79.00 (from $84.00) while maintaining a Buy rating.

The analyst comments "Positively, mgmt cited early July trends are showing some signs of normalization in NNA and mgmt reiterated... More

Bank of America (BAC) PT Raised to $46 at Evercore ISI

Evercore ISI analyst Glenn Schorr raised the price target on Bank of America (NYSE: BAC) to $46.00 (from $43.00) while maintaining a Outperform rating.

The analyst comments "Shares of BAC popped over 5% as investors got a better feel for how NII could expand in 2025 plus some... More

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

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

Morgan Stanley Reiterates Overweight Rating on Tesla (TSLA)

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

The analyst comments "We reiterate our OW rating on Tesla with a $310 price target. Our thesis on Tesla is that it is both an auto... More

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

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

Shopify (SHOP) turning a corner on balanced growth - BofA

Bank of America analysts upgraded Shopify (NYSE: SHOP) to a Buy rating and raised its price target for the stock to $82 from $78 in a note Tuesday, citing solid growth and free cash flow (FCF) conversion.

The bank said that under the guidance of new CFO Jeff Hoffmeister, Shopify has made strides in achieving balanced growth and margin improvements.

BofA forecasts solid revenue growth driven... More

Starbucks (SBUX) stock cut at Evercore as soft trends persist

Starbucks (NASDAQ: SBUX) stock has been downgraded to In Line from Outperform by Evercore ISI analysts, citing persistent soft trends in the restaurant sector.

The downgrade comes as part of Evercore's broader 2Q restaurant preview, which highlights decelerating sales and same-store sales (SSS) trends across the industry.

"2Q restaurant trends started soft and decelerated through 2Q," Evercore notes. In early July, U.S. fast... More

Morgan Stanley (MS) PT Raised to $124 at CFRA

CFRA analyst Ken Leon raised the price target on Morgan Stanley (NYSE: MS) to $124.00 (from $108.00) while maintaining a Buy rating.

The analyst comments "We are confident MS will significantly benefit from investment banking. We raise our target $16 to $124 on a forward P/E of... More

Jefferies on Charles Schwab Corp. (SCHW): 'Cash Levels Still Declining'

Jefferies analyst Daniel Fannon reiterated a Buy rating and $88.00 price target on Charles Schwab Corp. (NYSE: SCHW)

The analyst comments "SCHW reported 2Q24 adj EPS of $0.73 (JEF $0.71/Cons $0.73). Revs were modestly below expectations (-$14M vs Cons) while lower exp's were... More

Citi on Morgan Stanley (MS): 'ISG Drives Strong Core Beat'

Citi analyst Keith Horowitz reiterated a Neutral rating and $98.00 price target on Morgan Stanley (NYSE: MS).

The analyst comments "MS reported a core beat to expectations as ISG top line came in stronger than expectations, particularly on debt underwriting and equities markets.... More