Midday movers: Palantir, Uber, Kenvue rise; Vulcan Materials falls

Palantir Technologies Inc. (PLTR) PT Raised to $30 at Citi

Citi analyst Tyler Radke raised the price target on Palantir Technologies Inc. (NYSE: PLTR) to $30.00 (from $28.00) while maintaining a Neutral rating.

The analyst comments "We are updating our Palantir model following a strong FQ2 beat with accelerating growth led by a return... More

Vulcan Materials Company (VMC) PT Lowered to $280 at DA Davidson

DA Davidson analyst Brent Thielman lowered the price target on Vulcan Materials Company (NYSE: VMC) to $280.00 (from $290.00) while maintaining a Buy rating.

The analyst comments "We are reducing estimates for 2H/2025 - a continuation of favorable pricing and margin expansion should be leveraged... More

Google search share declined marginally in July - report

According to a recent note from Bank of America, Google's global search market share experienced a slight decline in July.

The investment bank said Statcounter data revealed that Google's share decreased by 4 basis points (bps) month-over-month (m/m) and 105 bps year-over-year (y/y), settling at 91.0%.

In contrast, they note that Bing's share increased by 16 bps m/m and 89 bps y/y, reaching 3.9%. Other search engines, including Yandex, Baidu, Naver, and DuckDuckGo, saw a decline of 10 bps m/m but an increase of 9 bps... More

Fidelity National Information Services (FIS) PT Raised to $90 at BofA Securities

BofA Securities analyst Jason Kupferberg raised the price target on Fidelity National Information Services (NYSE: FIS) to $90.00 (from $88.00) while maintaining a Buy rating.

The analyst comments "Shares are deservedly trading higher following the 2Q beat-and-raise print. We believe the next leg of... More

Vulcan Materials Company (VMC) PT Lowered to $257 at RBC Capital

RBC Capital analyst Mike Dahl lowered the price target on Vulcan Materials Company (NYSE: VMC) to $257.00 (from $267.00) while maintaining a Sector Perform rating.

The analyst comments "Our FY24/'25 Adj. EBITDA ests. decline -6%/-5% to $2.08 BN/$2.38 BN driven by lower volumes... More

Fidelity National Information Services (FIS) PT Raised to $95 at RBC Capital

RBC Capital analyst Daniel Perlin raised the price target on Fidelity National Information Services (NYSE: FIS) to $95.00 (from $93.00) while maintaining a Outperform rating.

The analyst comments "2Q print & guidance largely should put to rest the concerns around Bankings 3Q24 revenue ramp, as... More

Uber Inc. (UBER) PT Raised to $98 at Citi

Citi analyst Ronald Josey raised the price target on Uber Inc. (NYSE: UBER) to $98.00 (from $96.00) while maintaining a Buy rating.

The analyst comments "We emerge from Ubers 2Q24 results incrementally positive on shares. 2Q results were above expectations with GB strength from... More

Yum! Brands (YUM) PT Raised to $160 at Citi

Citi analyst Jon Tower raised the price target on Yum! Brands (NYSE: YUM) to $160.00 (from $157.00) while maintaining a Buy rating.

The analyst comments "Investors were braced for a soft top-line (check) as well as a potential cut to 24 core EBIT growth... More

Palantir Technologies Inc. (PLTR) PT Raised to $16 at Goldman Sachs

Goldman Sachs analyst Gabriela Borges raised the price target on Palantir Technologies Inc. (NYSE: PLTR) to $16.00 (from $14.00) while maintaining a Neutral rating.

The analyst comments "Palantir is up 14% on 8/6 after reporting 2Q24 revenue 4% above the Street and operating margins ~470bps above (FactSet). Palantir raised... More

Lucid Group Inc. (LCID) PT Raised to $4 at Stifel

Stifel analyst Stephen Gengaro raised the price target on Lucid Group Inc. (NASDAQ: LCID) to $4.00 (from $3.00) while maintaining a Hold rating.

The analyst comments "Lucid's 2Q24 revenue outpaced our estimate by 20.2%, but adjusted EBITDA landed below our forecasts. The company announced up to $1.5... More

Palantir Technologies Inc. (PLTR) PT Raised to $30 at BofA Securities

BofA Securities analyst Mariana Perez Mora raised the price target on Palantir Technologies Inc. (NYSE: PLTR) to $30.00 (from $28.00) while maintaining a Buy rating.

The analyst comments "We liken the market, industry, and investor attitudes toward AI to that of the California gold... More