Midday movers:Chipotle Mexican Grill, Tencent Music fall; Starbucks rises
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StreetInsider.com Top Tickers, 6/23/2026
- US futures fall on tech selloff as concerns about hawkish Fed, AI spending mount
- SpaceX extends losses after $600 billion wipeout, tech stocks slide again
- Oil steady as investors focus on Hormuz flows after peace talks
- South Korea leveraged ETF crisis sparks global chip selloff
- Trump announces nuclear deal with Iran, lifts Hormuz blockade
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
- Spain's ex-transport minister sentenced to 24 years for corruption
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
- 'Equal and opposite': BTIG's Krinsky sees sharp reversal ahead for chip stocks
Dell (DELL) PT Raised to $160 at JPMorgan, Added to Analyst Focus List
August 15, 2024 5:07 AM EDTJPMorgan analyst Samik Chatterjee raised the price target on Dell (NYSE: DELL) to $160.00 (from $155.00) while maintaining a Overweight rating.
The analyst comments "Following Dells last earnings report (5/30) as well as the latest datapoints from Super Micros results, shares of Dell have significantly underperformed other AI beneficiaries as well as the broader market (-39% vs. -5% for AI Stocks and +4% for S&P 500), led in part by investor concerns around margin pressures being indicative of elevated levels of competition disrupting the AI Server market. However, it is important for investors... More
Dell (DELL) PT Lowered to $155 at Citi
August 15, 2024 4:57 AM EDTCiti analyst Asiya Merchant lowered the price target on Dell (NYSE: DELL) to $155.00 (from $170.00) while maintaining a Buy rating.
The analyst comments "We tweak our rev estimates slightly higher to reflect a modestly improving top-line, driven by positive datapoints on recovering general-purpose-infrastructure... More
William Blair Reiterates Market Perform Rating on Starbucks (SBUX)
August 14, 2024 7:14 AM EDTWilliam Blair analyst Sharon Zackfia reiterated a Market Perform rating on Starbucks (NASDAQ: SBUX).
The analyst comments "Stock Thoughts and Risks. Absent the return of Howard Schultz, Niccol is probably as good of a pick as exists for Starbuckss new... More
William Blair Reiterates Outperform Rating on On Holding AG (ONON)
August 14, 2024 7:13 AM EDTWilliam Blair analyst Dylan Carden reiterated an Outperform rating on On Holding AG (NYSE: ONON).
The analyst comments "There are some moving pieces here that are worth calling out. For one, the wholesale channel experienced outsized growth in the quarter and landed higher than... More
William Blair Reiterates Outperform Rating on Chipotle Mexican Grill (CMG)
August 14, 2024 7:12 AM EDTWilliam Blair analyst Sharon Zackfia reiterated an Outperform rating on Chipotle Mexican Grill (NYSE: CMG).
The analyst comments "Chipotle announced the surprise departure of Chairman and CEO Brian Niccol on August 31 to join Starbucks as chairman and CEO. Niccol joined Chipotle in early 2018 and has been key in the company, refining its new product innovation through a strict stage gating process, amplifying its marketing message, building its digital ecosystem, and creating a deeper, more experienced management bench. That... More
Tencent Music Entertainment Group (TME) PT Lowered to $15 at BofA Securities
August 14, 2024 6:43 AM EDTBofA Securities analyst Lei Zhang lowered the price target on Tencent Music Entertainment Group (NYSE: TME) to $15.00 (from $18.00) while maintaining a Buy rating.
The analyst comments "Tencent Music (TME) delivered a largely inline 2Q result, while co indicates it is the... More
Home Depot (HD) PT Lowered to $363 at RBC Capital
August 14, 2024 6:30 AM EDTRBC Capital analyst Steven Shemesh lowered the price target on Home Depot (NYSE: HD) to $363.00 (from $377.00) while maintaining a Sector Perform rating.
The analyst comments "The comp miss and guidance revision were largely anticipated and ultimately make for a better setup... More
Home Depot (HD) PT Lowered to $400 at Evercore ISI
August 14, 2024 6:06 AM EDTEvercore ISI analyst Greg Melich lowered the price target on Home Depot (NYSE: HD) to $400.00 (from $415.00) while maintaining a Outperform rating.
The analyst comments "Negative comp store traffic for 13 straight quarters hurts. The housing led (started in 2006) Global Financial Crisis period witnessed 16 straight quarters. While the magnitude of the drop since the COVID/stimulus... More
Chipotle Mexican Grill (CMG) PT Lowered to $59 at Evercore ISI
August 14, 2024 6:05 AM EDTEvercore ISI analyst David Palmer lowered the price target on Chipotle Mexican Grill (NYSE: CMG) to $59.00 (from $65.00) while maintaining a Outperform rating.
The analyst comments "We are trimming our target multiple for Chipotle due to the CEO transition. Although we have the... More
Telsey Reiterates Market Perform Rating on Home Depot (HD)
August 14, 2024 5:30 AM EDTTelsey analyst Joseph Feldman reiterated a Market Perform rating and $360.00 price target on Home Depot (NYSE: HD).
The analyst comments "TAG View: Home Depot reported 2Q24 adjusted EPS of $4.67, beating our estimate of $4.64 and the FactSet (FS) consensus of $4.53, driven by sales of $43.2B (TAG $42.7B; FS $42.6B) that were boosted by $1.3B for the six weeks since acquiring SRS Distribution... More
Home Depot (HD) PT Lowered to $392 at Wolfe Research
August 14, 2024 5:28 AM EDTWolfe Research analyst Chris Bottiglieri lowered the price target on Home Depot (NYSE: HD) to $392.00 (from $401.00) while maintaining a Outperform rating.
The analyst comments "We are Outperform rated on Home Depot. Home Improvement is a more resilient category versus areas like... More
Stifel Reiterates Buy Rating on Chipotle Mexican Grill (CMG)
August 14, 2024 5:23 AM EDTStifel analyst Chris O\'Cull reiterated a Buy rating and $70.00 price target on Chipotle Mexican Grill (NYSE: CMG)
The analyst comments "Our View: We maintain our Buy following the announcement that CEO Brian Niccol is leaving to become CEO of Starbucks. The strategic... More
Deutsche Bank Defends Chipotle Mexican Grill (CMG): 'outsized pullback as a buying opportunity'
August 14, 2024 5:21 AM EDTDeutsche Bank analyst Lauren Silberman reiterated a Buy rating and $67.00 price target on Chipotle Mexican Grill (NYSE: CMG)
The analyst comments "On 8/13, CMG announced that Chairman and CEO Brian Niccol would be stepping down, effective 8/31, as he has accepted the role as Chairman and CEO of... More
Deutsche Bank Upgrades Starbucks (SBUX) to Buy
August 14, 2024 5:04 AM EDTDeutsche Bank analyst Lauren Silberman upgraded Starbucks (NASDAQ: SBUX) from Hold to Buy with a price target of $118.00 (from $85.00).
The analyst comments "We are upgrading SBUX to Buy (from Hold) following the announcement that Brian Niccol will be appointed as CEO, increasing our conviction in the success of a turnaround and return to a... More
Evercore ISI Upgrades Starbucks (SBUX) to Outperform
August 14, 2024 5:03 AM EDTEvercore 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
On Holding AG (ONON) PT Raised to $50 at Goldman Sachs
August 13, 2024 4:49 PM EDTGoldman Sachs analyst Richard Edwards raised the price target on On Holding AG (NYSE: ONON) to $50.00 (from $47.00) while maintaining a Buy rating.
The analyst comments "On Holding reported 2Q24 adj. EBITDA of CHF 90.8mn, driven by net sales of CHF 567.7mn, +27.8% yoy and +29.4% cFX. Group gross margin came in at... More
BTIG Reiterates Neutral Rating on On Holding AG (ONON)
August 13, 2024 1:51 PM EDTBTIG analyst Janine Stichter reiterated a Neutral rating on On Holding AG (NYSE: ONON).
The analyst comments "Q2 offered puts and takes for investors to digest, with a revenue and Adj. EBITDA beat, but slower DTC performance (which contributed to a slight GM... More
Williams Trading Reiterates Hold Rating on On Holding AG (ONON)
August 13, 2024 12:04 PM EDTWilliams Trading analyst Sam Poser reiterated a Hold rating and $33.00 price target on On Holding AG (NYSE: ONON)
The analyst comments "The 2Q24 results reflects first evidence for ONON, and further evidence in general, see Skechers (SKX-Buy-$80 PT) in 2010-2011, UGG (DECK-Buy-$1130PT) in 2012, and Vans (VFC-Sell-$10PT) and, more... More
