Biden's speech, Ford's miss, European earnings - what's moving markets

Morgan Stanley Calls Tesla (TSLA) a 'New Top Pick'

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

The analyst comments "We highlight a number of reasons why we make our new Top Pick in US autos: Cost cutting/restructuring has stemmed the... More

Truist Securities Reiterates Hold Rating on Tesla (TSLA)

Truist Securities analyst William Stein reiterated a Hold rating and $215.00 price target on Tesla (NASDAQ: TSLA).

The analyst comments "No better, arguably worse, than last time. In TSLA's (Hold) 1Q24 earnings call, CEO Musk told investors that they needed to understand the... More

Stifel on Colgate-Palmolive Company (CL): 'Lifting Estimates on Solid 2Q with Volume, EBIT Outperformance'

Stifel analyst Mark Astrachan reiterated a Buy rating and $105.00 price target on Colgate-Palmolive Company (NYSE: CL).

The analyst comments "We lift 2024-2025 EPS estimates and maintain our Buy rating and $105 price target, 17x 2025E EBITDA, following strong 2Q24 results with sales and... More

Sanofi-Aventis (SNY) PT Raised to $60 at Argus

Argus analyst Jasper Hellweg raised the price target on Sanofi-Aventis (NASDAQ: SNY) to $60.00 (from $55.00) while maintaining a Buy rating.

The analyst comments "Our rating on Sanofi SA (NGS: SNY), a leading global pharmaceutical company, is BUY. We like Sanofis diverse range of businesses, which include branded pharmaceuticals, generics, vaccines, and consumer healthcare products. The... More

Argus Reiterates Buy Rating on Tesla (TSLA), PT $286

Argus analyst Bill Selesky reiterated a Buy rating and $286.00 price target on Tesla (NASDAQ: TSLA).

The analyst comments "Our rating on Tesla Inc. (NGS: TSLA) is BUY. Tesla is the largest EV (electric vehicle) seller in the world today and holds a significant portion of the EV market share in the United States, with about 51% of the market as of the end of 2023. Ford Motor and General Motors are also key players in this market, with Ford having a... More

Honeywell International (HON) PT Lowered to $214 at RBC Capital

RBC Capital analyst Deane Dray lowered the price target on Honeywell International (NASDAQ: HON) to $214.00 (from $218.00) while maintaining a Sector Perform rating.

The analyst comments "Sector Perform-rated Honeywells modest 2Q24 operating beat included an unexpected/disappointing 15c/1.5% cut to 2024 guidance, after... More

Morgan Stanley Positive on Tesla (TSLA): 'AI infrastructure assets (reported in the Q) are booming'

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

The analyst comments "Some changes in the business mix that may be getting overlooked. Mostly recurring 'Services & Other' revenue reached 10% of total Tesla sales as the car parc approaches 7mm units. China revenues fell to the lowest in years at 18.2% of sales. AI infrastructure assets (reported in the... More

Hasbro (HAS) PT Raised to $65 at Goldman Sachs

Goldman Sachs analyst Michael Ng raised the price target on Hasbro (NASDAQ: HAS) to $65.00 (from $62.00) while maintaining a Neutral rating.

The analyst comments "Hasbro reported 2Q24 results that featured a beat across Revenue, Adjusted EBITDA, and Adjusted Diluted EPS. The beat to revenue was driven primarily by better-than-expected Wizards of... More

Hasbro (HAS) PT Raised to $67 at Citi

Citi analyst James Hardiman raised the price target on Hasbro (NASDAQ: HAS) to $67.00 (from $64.00) while maintaining a Neutral rating.

The analyst comments "HAS shares were +3.5% in Thursday trading (vs. flat S&P) as: (1) a sizeable beat due to better-than-expected revenue from Monopoly... More

Hasbro (HAS) PT Raised to $82 at Roth/MKM

Roth/MKM analyst Eric Handler raised the price target on Hasbro (NASDAQ: HAS) to $82.00 (from $75.00) while maintaining a Buy rating.

The analyst comments "Executing well. Further proof of Hasbro's turnaround efforts were evident in 2Q/1H as digital contributions exceeded forecasts, inventories... More

CFRA Upgrades Hasbro (HAS) to Buy

CFRA analyst Zachary Warring upgraded Hasbro (NASDAQ: HAS) from Hold to Buy with a price target of $72.00 (from $59.00).

The analyst comments "We raise our 12-month price target by $13 to $72, based on 18.0x our 2025 EPS estimate and slightly higher than the company's 5-year... More

American Airlines (AAL) stock slides after cutting 2024 earnings guidance

American Airlines (NASDAQ: AAL) shares tumbled 8.55% premarket Thursday after the company announced a cut to its full-year earnings guidance, overshadowing a slight beat in second-quarter earnings.

The airline reported adjusted earnings of $1.09 per share, marginally higher than the analyst estimate of $1.07. However, revenue for the quarter was slightly below expectations at $14.3 billion, compared to the consensus estimate of $14.39 billion.

American Airlines' second-quarter revenue marked a 2% increase from... More

Ford (F) PT Lowered to $17 at Citi

Citi analyst Itay Michaeli lowered the price target on Ford (NYSE: F) to $17.00 (from $18.00) while maintaining a Buy rating.

The analyst comments "Q2 disappoints as two issues/risks noted in our preview (here) materialized (1) Cost containment (Q2 missed on another warranty hit); (2)... More