Midday movers: Walmart, Cisco, Deere, Ulta Beauty rise; Alibaba falls

Susquehanna Reiterates Neutral Rating on JD.com, Inc (JD)

Susquehanna analyst Shyam Patil reiterated a Neutral rating and $28.00 price target on JD.com, Inc (NASDAQ: JD).

The analyst comments "Our thoughts. JD saw some top-line challenges, but profitability came in better and management expects healthy y/y profit growth in FY24... More

Alibaba (BABA) PT Lowered to $130 at Susquehanna

Susquehanna analyst Shyam Patil lowered the price target on Alibaba (NYSE: BABA) to $130.00 (from $135.00) while maintaining a Positive rating.

The analyst comments "Our thoughts. Despite the choppy China macro, BABA continues to make progress on strategic initiatives such as AI, and while the... More

DA Davidson Reiterates Buy Rating on Walmart (WMT)

DA Davidson analyst Katy Hallberg reiterated a Buy rating and $85.00 price target on Walmart (NYSE: WMT).

The analyst comments "We hosted a call with Walmarts CFO John David Rainey and SVP, Investor Relations Steph Wissink on Friday afternoon,... More

DA Davidson Reiterates Buy Rating on Deere (DE)

DA Davidson analyst Michael Shlisky reiterated a Buy rating and $465.00 price target on Deere (NYSE: DE)

The analyst comments "We are maintaining our BUY rating and $465 price target on DE following F3Q:24 earnings. DE was again able to beat expectations, and maintained... More

JPMorgan Upgrades JD.com, Inc (JD) to Overweight, 'Too cheap to ignore'

JPMorgan analyst Andre Chang upgraded JD.com, Inc (NASDAQ: JD) from Neutral to Overweight with a price target of $36.00 (from $33.00).

The analyst comments "We believe JDs strategy adjustment and valuation have reached an inflection point for the stock to outperform in the next 6-12 months, leading us to upgrade it to OW with a new Jun-25 PT of US$36 on 8x 2025E P/E, suggesting 30%+ potential upside. Upside catalysts will... More

Cisco Systems (CSCO) lifted to Buy at HSBC and New Street Research

Cisco Systems (NASDAQ: CSCO) received upgrades from both HSBC and New Street Research in notes on Friday, with analysts citing improving order flows, normalized inventories, and a strategic focus on high-growth areas as key reasons for their positive outlook.

HSBC upgraded Cisco to a Buy rating, raising its target price to $58 from $46.

The bank praised Cisco's "politically... More

HSBC Upgrades Cisco (CSCO) to Buy, 'Expect sharp growth'

HSBC analyst Stephen Bersey upgraded Cisco (NASDAQ: CSCO) from Hold to Buy with a price target of $58.00 (from $46.00).

The analyst comments "Expect sharp growth: We expect Ciscos non-GAAP EPS to rise at a CAGR of 11.6% over CY24-27e. For FY25e, we expect non-GAAP EPS of USD3.86, ahead of company guidance of USD3.55 and consensus of... More

Williams Trading Double Upgrades Nike (NKE) to Buy

Williams Trading analyst Sam Poser upgraded Nike (NYSE: NKE) from Sell to Buy with a price target of $93.00 (from $67.00).

The analyst comments "Upgrading to Buy. Raising PT from $67 to $93. It is not that we believe a major directional change for the business... More

Walmart (WMT) PT Raised to $80 at RBC Capital

RBC Capital analyst Steven Shemesh raised the price target on Walmart (NYSE: WMT) to $80.00 (from $74.00) while maintaining a Outperform rating.

The analyst comments "WMT posted impressive top-line growth, which appears to be a function of market share gains, not U.S. consumer... More

Deere (DE) PT Raised to $410 at BofA Securities

BofA Securities analyst Ross Gilardi raised the price target on Deere (NYSE: DE) to $410.00 (from $400.00) while maintaining a Neutral rating.

The analyst comments "DE shares jumped 6% (vs SPX +2%) on a better than feared result as investors braced for a guidance cut that did... More

Walmart (WMT) PT Raised to $82 at Morgan Stanley

Morgan Stanley analyst Simeon Gutman raised the price target on Walmart (NYSE: WMT) to $82.00 (from $75.00) while maintaining a Overweight rating.

The analyst comments "Deriving our SOTP-backed PT of $82. We are raising our PT to $82 (from $75) for ~10% upside. Our SOTP methodology is built from these... More

JD.com, Inc (JD) PT Lowered to $32 at Bernstein SocGen Group

Bernstein SocGen Group analyst Robin Zhu lowered the price target on JD.com, Inc (NASDAQ: JD) to $32.00 (from $35.00) while maintaining a Market Perform rating.

The analyst comments "Q2 core profits a small beat. JDs Q2 results showed revenue (RMB291bn, +1.2% year on... More

Alibaba (BABA) PT Raised to $85 at Bernstein SocGen Group

Bernstein SocGen Group analyst Robin Zhu raised the price target on Alibaba (NYSE: BABA) to $85.00 (from $80.00) while maintaining a Market Perform rating.

The analyst comments "Q1 a mixed bag. Alibaba group revenue of RMB243bn missed consensus by 2.6% (RMB250bn), although gross... More

Walmart (WMT) PT Raised to $83 at Deutsche Bank

Deutsche Bank analyst Paul Trussell raised the price target on Walmart (NYSE: WMT) to $83.00 (from $77.00) while maintaining a Buy rating.

The analyst comments "We think WMT's 2Q results checked all the boxes with a beat raise quarter and reinforced that the bullish investment case on its shares is as good as ever. Coming into the... More

Deutsche Bank Reiterates Buy Rating on Walmart (WMT)

Deutsche Bank analyst Paul Trussell reiterated a Buy rating and $77.00 price target on Walmart (NYSE: WMT).

The analyst comments "WMT International delivered another impressive quarter, led by Walmex, China, and Flipkart. SSS, by our calculation, increased +6.2% vs. +8.2% in 1Q, driven by momentum in food and consumables, as well as improved general merchandise performance,... More

Walmart (WMT) PT Raised to $81 at Roth/MKM

Roth/MKM analyst Bill Kirk raised the price target on Walmart (NYSE: WMT) to $81.00 (from $71.00) while maintaining a Buy rating.

The analyst comments "Traditionally, Walmart competed primarily on value, but increased e-commerce adoption and investment now allows Walmart to compete on the equally important, and... More

JD.com, Inc (JD) PT Raised to $43 at Jefferies

Jefferies analyst Thomas Chong raised the price target on JD.com, Inc (NASDAQ: JD) to $43.00 (from $41.00) while maintaining a Buy rating.

The analyst comments "JD reported 2Q results with revenue coming inline and non-GAAP earnings exceeding expectations. During conference call, management highlighted solid... More

Walmart (WMT) PT Raised to $85 at BofA Securities

BofA Securities analyst Robert Ohmes raised the price target on Walmart (NYSE: WMT) to $85.00 (from $75.00) while maintaining a Buy rating.

The analyst comments "We reiterate our Buy on WMT and raise PO to $85 (was $75) based on 32x our +5c F26E... More

BofA Securities Reiterates Buy Rating on Cisco (CSCO)

BofA Securities analyst Tal Liani reiterated a Buy rating and $60.00 price target on Cisco (NASDAQ: CSCO).

The analyst comments "4Q24 revenue growth of -10.3% YoY was better than Street's -11%, supported by better-than-expected product revenue growth. Order trends improved, with total... More

Citi Reiterates Buy Rating on Walmart (WMT)

Citi analyst Paul Lejuez reiterated a Buy rating and $75.00 price target on Walmart (NYSE: WMT).

The analyst comments "WMT posted another beat, with sales, GM and EPS above consensus and guidance. US comps +4.2% (vs cons of +3.7%, though the bar was closer to... More

DA Davidson on Walmart (WMT) Post Earnings: Remains a Best-of-Breed Bison Name, 'one of our top picks of the year'

DA Davidson analyst Katy Hallberg reiterated a Buy rating and $75.00 price target on Walmart (NYSE: WMT).

The analyst comments "Walmart continues to take share and because of that, is providing a much different tone with respect to business trends relative to... More

BMO Capital Reiterates Market Perform Rating on Deere (DE)

BMO Capital analyst Joel Jackson reiterated a Market Perform rating and $400.00 price target on Deere (NYSE: DE).

The analyst comments "Strong quarter amid challenging dynamic as Deere beat FQ3 ($6.29 EPS vs. $5.72 consensus) and held ~$7B net income FY2024 (Oct) guidance. This was on slightly... More