PCE release, Apple's Chinese sales, European earnings - what's moving markets

Colgate-Palmolive Company (CL) PT Raised to $115 at TD Cowen

TD Cowen analyst Robert Moskow raised the price target on Colgate-Palmolive Company (NYSE: CL) to $115.00 (from $110.00) while maintaining a Buy rating.

The analyst comments "Colgate delivered a high quality 2Q and raised guidance meaningfully. Consistent with our positive thesis, volume growth continued to... More

Bristol-Myers Squibb Co. (BMY) PT Raised to $57 at Goldman Sachs

Goldman Sachs analyst Chris Shibutani raised the price target on Bristol-Myers Squibb Co. (NYSE: BMY) to $57.00 (from $55.00) while maintaining a Buy rating.

The analyst comments "BMY's noteworthy outperformance on Friday July 26 (+~11% vs. flat XLV), while it occurred amidst favorable shifts in the broader market macro backdrop, was earned, in our... More

3M (MMM) PT Raised to $95 at RBC Capital

RBC Capital analyst Deane Dray raised the price target on 3M (NYSE: MMM) to $95.00 (from $93.00) while maintaining a Underperform rating.

The analyst comments "Underperform-rated 3M reported strong 2Q24 revenue/margin upside across the portfolio in CEO Bill Browns debut quarter. Heres what drove the... More

Colgate-Palmolive Company (CL) PT Raised to $101 at Jefferies

Jefferies analyst Kaumil Gajrawala raised the price target on Colgate-Palmolive Company (NYSE: CL) to $101.00 (from $95.00) while maintaining a Hold rating.

The analyst comments "Colgate had to deliver a perfect qtr to sustain its 27x NTM P/E multiple. They did. Brand reinvestments are working,... More

Colgate-Palmolive Company (CL) PT Raised to $112 at Evercore ISI

Evercore ISI analyst Robert Ottenstein raised the price target on Colgate-Palmolive Company (NYSE: CL) to $112.00 (from $106.00) while maintaining a Outperform rating.

The analyst comments "Friday, Colgates shares closed at a 30% premium to Staples, 5 points above its 20-year trading range. We do not expect CL to regress... More

Deutsche Bank Upgrades 3M (MMM) to Buy

Deutsche Bank analyst Nicole DeBlase upgraded 3M (NYSE: MMM) from Buy to Buy with a price target of $150.00 (from $110.00).

The analyst comments "Since Bill Brown's appointment to the CEO role in mid-March, we have heard nothing but positive anecdotes from colleagues and investors about his legacy at L3Harris (ticker:... 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

Apple stock now seen as 'a more stable AI play for volatile times'

Raymond James analysts have lifted their stock price target on Apple (NASDAQ: AAPL) to $250 from $200 a share, describing the company as "a more stable AI play for volatile times."

The firm, which maintained an Outperform rating on the stock, said in its F3Q24 preview that it expects a slight beat in results and an outlook largely in line with previous expectations.

This optimism... More

Bristol-Myers Squibb (BMY) stock gains after raising full-year guidance

Bristol-Myers Squibb (NYSE: BMY) shares rallied more than 5% premarket Friday as the company reported a robust second quarter, surpassing Wall Street's expectations for both earnings and revenue, and raised its full-year guidance.

The pharmaceutical giant posted adjusted earnings per share (EPS) of $2.07, significantly higher than the analyst estimate of $1.64. Revenue for the quarter was also strong at $12.2 billion, beating the consensus estimate of $11.52 billion and marking a 9% increase from the same quarter last year, or an 11% rise adjusting for foreign exchange.

The company's performance was propelled by its Growth Portfolio, which saw... More

Apple to assemble iPhone 16 Pro and Pro Max models in India: report

Apple (NASDAQ: AAPL) is set to significantly expand its manufacturing footprint in India by assembling its high-end iPhone 16 Pro and Pro Max models for the first time, according to a report by website Money Control on Friday.

According to the publication, citing sources, the move will come through its partner Foxconn and marks a strategic shift away from... More

3M Co. (MMM) raises full-year EPS guidance, tops earnings and revenue expectations

Industrial conglomerate 3M Co. (NYSE: MMM) reported a robust second quarter, with earnings and revenue surpassing Wall Street estimates, prompting the company's shares to jump 5.4% in response.

The company's adjusted earnings per share (EPS) from continuing operations climbed 39% to $1.93, exceeding the analyst consensus of $1.67. Revenue held steady at $6.3 billion, topping expectations by $430 million and... More