Midday movers: DR Horton, Kinder Morgan rise ; Domino's Pizza, Beyond Meat fall

Netflix (NFLX) PT Raised to $675 at Citi

Citi analyst Jason Bazinet raised the price target on Netflix (NASDAQ: NFLX) to $675.00 (from $660.00) while maintaining a Neutral rating.

The analyst comments "We are updating our model to reflect 2Q24 results and our latest outlook. Following our update, our estimates move modestly... More

Street forecasts on Coinbase stock are 'too bullish': Needham

Needham & Company analysts have expressed caution about the overly optimistic projections surrounding Coinbase (NASDAQ: COIN), suggesting that recent street forecasts for the company are "too bullish."

Despite a strong Q1 performance, Needham sees a challenging backdrop for the remainder of the year, leading them to adjust their forecasts accordingly.

According to Needham, "Street forecasts became too bullish following a strong Q1, and now miss the... More

Netflix (NFLX) PT Raised to $695 at Macquarie

Macquarie analyst Tim Nollen raised the price target on Netflix (NASDAQ: NFLX) to $695.00 (from $685.00) while maintaining a Outperform rating.

The analyst comments "Q2 results largely beat expectations, with 8m sub adds, revenue growth of 17% and op margin of 27%. The Q3 outlook... More

D.R. Horton (DHI) PT Raised to $154 at RBC Capital

RBC Capital analyst Mike Dahl raised the price target on D.R. Horton (NYSE: DHI) to $154.00 (from $141.00) while maintaining a Underperform rating.

The analyst comments "Our FY24E EPS rises +5% to $14.64 with FY25E also +5% to $15.36, with stronger GM% offsetting weaker orders. The strong... More

UBS Reiterates Buy Rating on Abbott Labs (ABT)

UBS analyst Danielle Antalffy reiterated a Buy rating and $143.00 price target on Abbott Labs (NYSE: ABT)

The analyst comments "ABT shares closed down today despite what we view as another quarter of broad-based strength that should have been rewarded by investors, but likely... More

Kinder Morgan (KMI) PT Raised to $23 at Goldman Sachs

Goldman Sachs analyst John MacKay raised the price target on Kinder Morgan (NYSE: KMI) to $23.00 (from $22.00) while maintaining a Buy rating.

The analyst comments "Following 2Q24 results for Kinder Morgan (KMI), we refresh our estimates and reiterate our Buy rating. Despite a modest miss in the... More

Netflix (NFLX) PT Raised to $659 at Goldman Sachs

Goldman Sachs analyst Eric Sheridan raised the price target on Netflix (NASDAQ: NFLX) to $659.00 (from $650.00) while maintaining a Neutral rating.

The analyst comments "We recap NFLXs Q224 earnings report which reflected better-than-expected subscriber growth with a more mixed picture on forward revenue... More

Domino's Pizza (DPZ) PT Lowered to $450 at JPMorgan

JPMorgan analyst John Ivankoe lowered the price target on Domino's Pizza (NYSE: DPZ) to $450.00 (from $470.00) while maintaining a Neutral rating.

The analyst comments "DPZ bottomed at $289.85 on May 31st, 2023, and peaked at $533.64 on June 18th, 2024 - very high volatility for capital light,... More

The Blackstone Group (BX) PT Raised to $148 at Evercore ISI

Evercore ISI analyst Glenn Shorr raised the price target on The Blackstone Group (NYSE: BX) to $148.00 (from $135.00) while maintaining a Outperform rating.

The analyst comments "2Q24 DE/unit of $0.96 vs. Our/Consensus $0.97/$0.98: With plenty of the focus on the earnings call (and our client... More

Netflix (NFLX) PT Raised to $590 at Deutsche Bank

Deutsche Bank analyst Bryan Kraft raised the price target on Netflix (NASDAQ: NFLX) to $590.00 (from $575.00) while maintaining a Hold rating.

The analyst comments "We are reiterating our Hold rating, while increasing our PT to $590, from $575, driven by time-value-of-money appreciation since our last... More

The Blackstone Group (BX) PT Raised to $135 at Citi

Citi analyst Chris Allen raised the price target on The Blackstone Group (NYSE: BX) to $135.00 (from $127.00) while maintaining a Neutral rating.

The analyst comments "BX finished up 1.2% following somewhat mixed 2Q24 results. FRE was below our est., primarily due to fee-related performance... More

Domino's Pizza (DPZ) PT Lowered to $500 at Evercore ISI

Evercore ISI analyst David Palmer lowered the price target on Domino's Pizza (NYSE: DPZ) to $500.00 (from $560.00) while maintaining a Outperform rating.

The analyst comments "Our view: Following 2Q earnings and two calls with the company, we are reducing our estimates and price target to $500... More

D.R. Horton (DHI) PT Raised to $190 at Jefferies

Jefferies analyst Collin Verron raised the price target on D.R. Horton (NYSE: DHI) to $190.00 (from $168.00) while maintaining a Buy rating.

The analyst comments "DHI reported FY3Q EPS of $4.10, ahead of our $3.98 estimate ($3.77 consensus). The beat was driven by higher HB gross margin plus ASP, and higher rental PTI, partially offset by lightly higher HB SG&A/sales and lower financial... More

Needham Out Defending TSM (TSM): 'buyers on the weakness'

Needham analyst Charles Shi reiterated a Buy rating and $210.00 price target on Taiwan Semiconductor Manufacturing Co. Ltd. (NYSE: TSM)

The analyst comments "

Following our quick take note published earlier this morning, we are updating our TSMC model and making some small... More

BTIG on Domino's Pizza (DPZ): 'If You Feel Like You Missed It - Here's Your Opportunity; Reiterate Buy', Top Pick

BTIG analyst Peter Saleh reiterated a Buy rating and $580.00 price target on Domino's Pizza (NYSE: DPZ).

The analyst comments "We reiterate our Buy rating, $580 price target and Top Pick designation on Domino's shares following earnings this morning as we believe today's weakness is... More

Netflix earnings preview

Netflix (NASDAQ: NFLX) is set to report its second-quarter 2024 results after the close on July 18, and analysts from Citi and TD Cowen have provided their insights and expectations.

Citi: Citi remains cautious despite the stock's impressive year-to-date performance, up approximately 45%. They maintain a Neutral rating with a $660 target price.

Citi anticipates Netflix will report net additions "modestly ahead of sell-side estimates but modestly below investor expectations," forecasting around 5.5... More

Citi Reiterates Neutral Rating on Domino's Pizza (DPZ), PT $530, 'we do expect other fast-growing and global quick service operators to come under pressure in the NT'

Citi analyst Jon Tower reiterated a Neutral rating and $530.00 price target on Domino's Pizza (NYSE: DPZ).

The analyst comments "Investors could haggle over US comp growth in the period (slightly softer than Citi/Street) and G&A (management signaled higher spend in the... More

Morgan Stanley on Domino's Pizza (DPZ): 'been in the winner bucket and valuation was above most peers so the bar was high here'

Morgan Stanley analyst Brian Harbour reiterated an Overweight rating and $540.00 price target on Domino's Pizza (NYSE: DPZ)

The analyst comments "Our take: We had been a bit below consensus into this print for DPZ at least on bottom line, and for a stock that tends to move a lot on earnings, 2Q results are likely a headwind. 4.8% US comps were slightly shy of Street/investor expectations,... More