Midday movers: Tesla, Intel, Constellation Energy rise; GM and Nike fall

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Barclays Reiterates Equalweight Rating on Boeing (BA)

September 25, 2024 11:41 AM EDT

Barclays analyst David Strauss reiterated an Equalweight rating and $190.00 price target on Boeing (NYSE: BA)

The analyst comments "MAX deliveries consist of a mix of aircraft that were produced prior to the grounding being lifted in late 2020 (storage) along with aircraft that have been produced since then (off the line). We estimate 84 MAX deliveries so far in Q3 including 18 out of... More

Bernstein SocGen Group Reiterates Outperform Rating on Nike (NKE)

September 25, 2024 6:30 AM EDT

Bernstein SocGen Group analyst Aneesha Sherman reiterated an Outperform rating and $109.00 price target on Nike (NYSE: NKE)

The analyst comments "We expect an H2 guidance cut - but its not necessarily a negative catalyst. With a new CEO coming, the pressure is off Q1 results (we model in-line sales and weak GM) but we expect an H2 guide cut. With buyside already modeling this,... More

RBC Capital Reiterates Outperform Rating on Tesla (TSLA)

September 25, 2024 6:22 AM EDT

RBC Capital analyst Tom Narayan reiterated an Outperform rating and $224.00 price target on Tesla (NASDAQ: TSLA).

The analyst comments "We estimate Tesla deliveries of 460k in Q3/24, up 1.3% vs our prior estimate of 454k and in-line with consensus, based on registration data.... More

Nike (NKE) PT Raised to $82 at Morgan Stanley

September 25, 2024 5:53 AM EDT

Morgan Stanley analyst Alex Straton raised the price target on Nike (NYSE: NKE) to $82.00 (from $79.00) while maintaining a Equalweight rating.

The analyst comments "We expect an in-line 1Q result, 2Q guidance to be set ~in-line with the Street, & hope for... More

BofA Securities on Boeing (BA): '737 production at standstill amid IAM strike'

September 24, 2024 9:37 AM EDT

BofA Securities analyst Ronald Epstein reiterated a Neutral rating and $200.00 price target on Boeing (NYSE: BA)

The analyst comments "According to data from Aero Analysis Partners/AIR (AAP/AIR), Boeing 737s production may have come to a complete halt following the IAM union strike. While the full impact on deliveries remains uncertain, the pace has slowed significantly recently, with only two 737s delivered in the... More

Wolfe Research Reiterates Outperform Rating on Boeing (BA)

September 24, 2024 6:00 AM EDT

Wolfe Research analyst Myles Walton reiterated an Outperform rating and $210.00 price target on Boeing (NYSE: BA).

The analyst comments "This afternoon, Boeing submitted an updated contract offer to their machinists union (link here). The main changes from the prior offer revolve around wages, bonuses and retirement and the offer is contingent on ratification by... More

Constellation Energy (CEG) PT Raised to $263 at BofA Securities

September 24, 2024 5:50 AM EDT

BofA Securities analyst Paul Zimbardo raised the price target on Constellation Energy (NASDAQ: CEG) to $263.00 (from $208.00) while maintaining a Neutral rating.

The analyst comments "We reiterate our Neutral rating on Constellation Energy Corp (CEG). On 9/20, CEG announced that will restart Unit 1 of the... More

Goldman Sachs Reiterates Buy Rating on Boeing (BA)

September 24, 2024 5:25 AM EDT

Goldman Sachs analyst Noah Poponak reiterated a Buy rating and $202.00 price target on Boeing (NYSE: BA)

The analyst comments "IAM workers at Boeing are on strike, though we expect a resolution soon, and for Boeing to be able to pick back up its aircraft... More

Constellation Energy (CEG) PT Raised to $280 at Barclays, 'strong catalyst to support the thematic of nuclear contracting for AI'

September 23, 2024 12:15 PM EDT

Barclays analyst Nicholas Campanella raised the price target on Constellation Energy (NASDAQ: CEG) to $280.00 (from $211.00) while maintaining a Overweight rating.

The analyst comments "Reviewing what TMI is worth; PT raised to $280 & maintain Overweight: We review CEG's thesis post the historic announcement of TMI Unit 1 Restart with a deeper diver into deal economics, investment... More