Midday movers: Robinhood, KeyCorp stock rise; Hawaiian Electric falls

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Evercore ISI Upgrades Starbucks (SBUX) to Outperform

August 14, 2024 5:03 AM EDT

Evercore ISI analyst David Palmer upgraded Starbucks (NASDAQ: SBUX) from In Line to Outperform with a price target of $120.00 (from $80.00).

The analyst comments "We are upgrading Starbucks to Outperform due to an increased probability of a US brand turnaround under Brian Niccol. With the hiring of Brian Niccol as... More

Pfizer (PFE) PT Raised to $30 at Citi

August 13, 2024 4:41 PM EDT

Citi analyst Andrew Baum raised the price target on Pfizer (NYSE: PFE) to $30.00 (from $28.00) while maintaining a Neutral rating.

The analyst comments "We update our forecasts post 2Q24 to incorporate latest results and guidance, and sales, prescription, and currency trends. Our 2024E non-GAAP EPS... More

Robinhood Markets (HOOD) PT Raised to $21 at Morgan Stanley

August 13, 2024 4:13 PM EDT

Morgan Stanley analyst Michael Cyprys raised the price target on Robinhood Markets (NASDAQ: HOOD) to $21.00 (from $20.00) while maintaining a Equalweight rating.

The analyst comments "Post 2Q24 earnings, we raise 3Q24e EPS by 12c to $0.22 (from $0.10 prior), raise 2024e EPS by... More

BMO Capital on Starbucks (SBUX): 'view the move as supportive of our view that SBUX issues are not structural'

August 13, 2024 10:40 AM EDT

BMO Capital analyst Andrew Strelzik reiterated an Outperform rating and $100.00 price target on Starbucks (NASDAQ: SBUX)

The analyst comments "This morning, SBUX announced CMG CEO Brian Niccol as its new CEO effective September 9. Current SBUX CEO Laxman Narasimhan has stepped down.... More

Stifel on Starbucks (SBUX) New CEO: 'Niccol clearly has much to offer the company'

August 13, 2024 9:26 AM EDT

Stifel analyst Chris O\'Cull reiterated a Hold rating and $80.00 price target on Starbucks (NASDAQ: SBUX)

The analyst comments "Our View: Brian Niccol will join Starbucks as chairman and CEO, effective September 9, with Rachel Ruggeri serving as interim CEO until that time.... More

KeyCorp (KEY) PT Raised to $20 at Morgan Stanley

August 13, 2024 7:10 AM EDT

Morgan Stanley analyst Manan Gosalia raised the price target on KeyCorp (NYSE: KEY) to $20.00 (from $18.00) while maintaining a Equalweight rating.

The analyst comments "Capital raise will put KEY's capital levels more in-line with peers, and gives us more conviction KEY can take advantage of... More