Midday movers: UBS, Kellanova rise; Starbucks slips

Telsey Reiterates Market Perform Rating on Peloton Interactive (PTON)

Telsey analyst Dana Telsey reiterated a Market Perform rating and $4.00 price target on Peloton Interactive (NASDAQ: PTON).

The analyst comments "TAG View: We are eager to hear the changes Peloton's interim co-CEO's have made since they took over for Barry McCarthy in early May. Since the 3QF24 report, Peloton has continued to offer discounts during key events like Amazon Prime... More

Cardinal Health (CAH) PT Raised to $119 at Deutsche Bank

Deutsche Bank analyst George Hill raised the price target on Cardinal Health (NYSE: CAH) to $119.00 (from $115.00) while maintaining a Hold rating.

The analyst comments "FQ4 Earnings Beat and A Raise on FY25 Outlook: CAH reported F4Q results and raised its FY25 outlook and now sees full year EPS of $7.55 - $7.70 vs prior guidance of >$7.50 and the Streets estimate of $7.53. Within the additional 5-20c of EPS guide up, approximately 11c are attributed to lower interest expenses plus share... More

Google antitrust ruling: Barclays outlines possible scenarios and impacts

As Google faces a crucial antitrust ruling from the U.S. Department of Justice (DoJ), Barclays analysts have weighed in on the potential scenarios and their impacts.

According to Barclays, the outcome of this legal battle could significantly reshape the landscape for Google and its parent company, Alphabet (NASDAQ: GOOGL), with the effects likely to be felt well into 2026.

Barclays emphasizes that the court's decision... More

This is the key to Google's hardware success: Jefferies

Google's hardware success hinges on the integration of its AI system, Gemini, into its devices, according to Jefferies analysts.

Following the recent "Made by Google '24" event, Jefferies highlighted that while Google's Pixel launches were anticipated, it was Gemini's infusion into the devices that truly stole the spotlight.

"Google revamped its Assistant around Gemini," the analysts noted, describing it as "the biggest leap forward since... More

Intel liquidates stake in ARM, filing shows

Intel (NASDAQ: INTC) sold its entire stake in British chipmaker Arm Holdings (NASDAQ: ARM) during the second quarter of this year, according to a recent regulatory filing.

The tech giant offloaded 1.18 million shares in Arm, potentially raising approximately $146.7 million based on the average stock price between April and June.

The sale comes at a time when Intel... More

Kellanova (K) PT Raised to $83.50 at Stifel

Stifel analyst Matthew Smith raised the price target on Kellanova (NYSE: K) to $83.50 (from $76.00) while maintaining a Hold rating.

The analyst comments "Mars and Kellanova announced an agreement with Mars to acquire Kellanova in an allcash offer of $83.50 per share. The takeout... More