After-hours movers: McDonald's, Starbucks, Seagate, Alto Neuroscience and more
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Starbucks (SBUX) PT Lowered to $104 at CFRA
October 23, 2024 12:50 PM EDTCFRA analyst Arun Sundaram lowered the price target on Starbucks (NASDAQ: SBUX) to $104.00 (from $108.00) while maintaining a Buy rating.
The analyst comments "SBUX released preliminary FQ4 (Sep-Q) results. Revenues of $9.10B (-3% Y/Y) missed the $9.36B consensus. GAAP EPS of $0.80... More
Enphase Energy (ENPH) PT Lowered to $123 at Craig-Hallum
October 23, 2024 9:01 AM EDTCraig-Hallum analyst Eric Stine lowered the price target on Enphase Energy (NASDAQ: ENPH) to $123.00 (from $153.00) while maintaining a Buy rating.
The analyst comments "Enphase Energy reported 3Q revenue within its guided range, but it missed across the board versus Street expectations. While the United States... More
Stride Inc. (LRN) PT Raised to $100 at Canaccord Genuity
October 23, 2024 7:20 AM EDTCanaccord Genuity analyst Jason Tichen raised the price target on Stride Inc. (NYSE: LRN) to $100.00 (from $94.00) while maintaining a Buy rating.
The analyst comments "Stride reported strong fiscal 1Q25 results, with enrollment, revenue, and adj. operating income all coming in well ahead of expectations.... More
Canaccord Genuity Downgrades Enphase Energy (ENPH) to Hold
October 23, 2024 7:17 AM EDTCanaccord Genuity analyst Austin Moeller downgraded Enphase Energy (NASDAQ: ENPH) from Buy to Hold with a price target of $95.00 (from $140.00).
The analyst comments "Enphase (ENPH) reported Q3/24 revenues and Adj. EPS of ~$380.9M (down 30.9% y/y) and $0.63 (down 38.3% y/y), which missed our top-line and bottom-line estimates by ~ 3% and ~10%, respectively. Enphase... More
Enphase Energy (ENPH) PT Lowered to $85 at RBC Capital
October 23, 2024 6:52 AM EDTRBC Capital analyst Chris Dendrinos lowered the price target on Enphase Energy (NASDAQ: ENPH) to $85.00 (from $100.00) while maintaining a Sector Perform rating.
The analyst comments "3Q24 results missed expectations on lower volume, and the 4Q24 outlook is also below consensus on challenging demand... More
Starbucks (SBUX) PT Raised to $95 at UBS
October 23, 2024 6:32 AM EDTUBS analyst Dennis Geiger raised the price target on Starbucks (NASDAQ: SBUX) to $95.00 (from $85.00) while maintaining a Neutral rating.
The analyst comments "SBUX reported preliminary F4Q results today, while new CEO Brian Niccol introduced the "Back to Starbucks" strategic initiatives, w/ more details to... More
Alto Neuroscience (ANRO) PT Lowered to $10 at Baird
October 23, 2024 6:24 AM EDTBaird analyst Brian Skorney lowered the price target on Alto Neuroscience (NYSE: ANRO) to $10.00 (from $32.00) while maintaining a Outperform rating.
The analyst comments "Lowering price target to $10 on ALTO-100 failure. Alto's first shot at its precision psychiatry approach failed to materialize... More
Starbucks (SBUX) PT Lowered to $93 at Guggenheim
October 23, 2024 6:20 AM EDTGuggenheim analyst Gregory Francfort lowered the price target on Starbucks (NASDAQ: SBUX) to $93.00 (from $95.00) while maintaining a Neutral rating.
The analyst comments "Key Message: Starbucks pre-announced F4Q sales and EPS post-close yesterday. Comps were on the lower end of our range of... More
Goldman Sachs Reiterates Neutral Rating on McDonald's (MCD)
October 23, 2024 6:13 AM EDTGoldman Sachs analyst Christine Cho reiterated a Neutral rating and $325.00 price target on McDonald's (NYSE: MCD).
The analyst comments "On October 22, the CDC reported an E.coli outbreak linked to MCD's Quarter Pounder across 10 states. The CDC said there have been 49 cases (as of October 22), including... More
Goldman Sachs Reiterates Buy Rating on Starbucks (SBUX)
October 23, 2024 6:13 AM EDTGoldman Sachs analyst Christine Cho reiterated a Buy rating and $105.00 price target on Starbucks (NASDAQ: SBUX).
The analyst comments "Starbucks announced preliminary 4Q24 and FY24 results today, with 4Q24 sales of $9.1bn (-3.2% YoY on a constant currency basis, 2.7%/3.1% below GS/consensus estimates). The... More
Starbucks (SBUX) PT Lowered to $96 at Citi
October 23, 2024 6:03 AM EDTCiti analyst Jon Tower lowered the price target on Starbucks (NASDAQ: SBUX) to $96.00 (from $99.00) while maintaining a Neutral rating.
The analyst comments "SBUXs pre-announcement alluded to many strategic discussions in the investment community (re-investment in stores, investments in labor, re-focusing on the in-store... More
Enphase Energy (ENPH) PT Lowered to $125 at Evercore ISI
October 23, 2024 5:56 AM EDTEvercore ISI analyst James West lowered the price target on Enphase Energy (NASDAQ: ENPH) to $125.00 (from $133.00) while maintaining a Outperform rating.
The analyst comments "US Market Improving, While European Business Environment Remains Challenged. Enphase continues to accelerate its transition from a solar company to an energy transformation company with the view that full home electrification is inevitable. Its rapidly diversifying product portfolio (third generation of IQ battery/ higher battery attach rates, smart EV chargers, IQ8P for small commercial opportunities, energy management software) and growing footprint as it ships more... More
Evercore ISI Reiterates Outperform Rating on McDonald's (MCD)
October 23, 2024 5:54 AM EDTEvercore ISI analyst David Palmer reiterated an Outperform rating and $340.00 price target on McDonald's (NYSE: MCD).
The analyst comments "After the close yesterday, the CDC announced an E. coli outbreak that was linked to McDonalds Quarter Pounders. This outbreak which has so far resulted in 49 sick, 10 hospitalized, and 1 dead. McDonalds issued a press release following the announcement (see HERE) including a video from US president Joe Erlinger. The food safety issue has so far been regional with most of the sicknesses reported in Colorado and Nebraska. It appears the E. coli... More
Raymond James Reiterates Market Perform Rating on McDonald's (MCD)
October 23, 2024 5:53 AM EDTRaymond James analyst Brian Vaccaro reiterated a Market Perform rating on McDonald's (NYSE: MCD).
The analyst comments "After todays close, the U.S. Centers for Disease Control and Prevention and other federal agencies announced that they are investigating an E. coli outbreak linked to McDonalds quarter pounders across 10 states (most in CO and NE). MCD shares were down ~10% initially on this news, but recovered a bit to down 7% at the time of this writing (after recently hitting an all-time high). The company posted a message (link here) announcing that it is removing... More
Starbucks (SBUX) PT Raised to $120 at Deutsche Bank
October 23, 2024 5:51 AM EDTDeutsche Bank analyst Lauren Silberman raised the price target on Starbucks (NASDAQ: SBUX) to $120.00 (from $118.00) while maintaining a Buy rating.
The analyst comments "SBUX pre-released disappointing F4Q results ahead of earnings next week (10/30), though we see... More
BTIG Reiterates Neutral Rating on McDonald's (MCD)
October 23, 2024 5:43 AM EDTBTIG analyst Peter Saleh reiterated a Neutral rating on McDonald's (NYSE: MCD).
The analyst comments "McDonald's generated some worrisome news after the close yesterday with reports of an E. coli outbreak across a handful of Western states, potentially complicating the optimism around... More
