Buffett's new stock pick likely to deliver an earnings miss: Citi
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- After an 18% summer selloff in chip stocks, Citi asks what comes next
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ULTA Salon (ULTA) PT Lowered to $448 at Deutsche Bank
August 27, 2024 4:17 PM EDTDeutsche Bank analyst Krisztina Katai lowered the price target on ULTA Salon (NASDAQ: ULTA) to $448.00 (from $552.00) while maintaining a Buy rating.
The analyst comments "We see favorable risk/reward at ULTA at current levels. While we are lowering our 2Q and 2H SSS and EPS forecasts ahead... More
ULTA Salon (ULTA) PT Lowered to $500 at Canaccord Genuity
August 27, 2024 6:32 AM EDTCanaccord Genuity analyst Susan Anderson lowered the price target on ULTA Salon (NASDAQ: ULTA) to $500.00 (from $522.00) while maintaining a Buy rating.
The analyst comments "This week, Ulta Beauty (ULTA | Buy $500 PT) is scheduled to report 2Q (July-end) results on Thursday 8/30 after the close. Ahead of earnings, we lower our estimates to account for continued normalization in US beauty demand. We also continue to see promotions trending higher on a sequential basis despite healthy demand, which we believe is due to slowing beauty demand and increased competition between Ulta and Sephora. Despite sequentially... More
ULTA Salon (ULTA) PT Lowered to $430 at Evercore ISI
August 26, 2024 9:25 AM EDTEvercore ISI analyst Michael Binetti lowered the price target on ULTA Salon (NASDAQ: ULTA) to $430.00 (from $500.00) while maintaining a Outperform rating.
The analyst comments "Slowing Category + Market Share Pressures Make the NearTerm Path TougherEven at Todays Low Valuation: Were removing ULTA from our Top 5 Outperformers list ahead of 2Q24 earnings given continued category weakness, tough competitive dynamics, and the recent bounce in the stock (up ~+19% over past two weeks). We lower our 2Q EPS to $5.43 from $5.60, and lower FY24 by -4% to $24.50 from $26.00 (Street:... More
Amazon.com (AMZN) PT Lowered to $225 at Wells Fargo
August 26, 2024 5:32 AM EDTWells Fargo analyst Ken Gawrelski lowered the price target on Amazon.com (NASDAQ: AMZN) to $225.00 (from $232.00) while maintaining a Overweight rating.
The analyst comments "Forecasted heavy upfront launch costs drive -4% IRR in Phase 1 and an 8-year cash payback period, but OI... More
Chinese entities using Amazon and rival cloud services to access high-end US chips - Reuters
August 23, 2024 1:17 PM EDTChinese state-linked entities are increasingly turning to cloud services from Amazon (NASDAQ: AMZN) and its rivals to access advanced U.S. chips and artificial intelligence (AI) capabilities, according to a report from Reuters on Friday.
Due to U.S. export restrictions, these entities cannot directly acquire high-end AI chips, but they can still access these technologies through cloud... More
