U.S. stocks higher at close of trade; Dow Jones Industrial Average up 3.58%

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What the Trump election could mean for Consumer Finance stocks

November 7, 2024 7:00 PM EST

With Trumps return to the White House and a Republican-led Senate, consumer finance stocks could see a boost, as analysts at Bank of America highlight potential deregulation and M&A support.

A less stringent regulatory environment is anticipated, as the Consumer Financial Protection Bureau (CFPB) could scale back rulemaking, creating a favorable enforcement landscape.

For consumer finance companies, BofA says this means reduced regulatory hurdles, which BofA believes could be a... More

Trimble Navigation (TRMB) PT Raised to $74 at JPMorgan

November 7, 2024 6:01 AM EST

JPMorgan analyst Ann Duignan raised the price target on Trimble Navigation (NASDAQ: TRMB) to $74.00 (from $66.00) while maintaining a Neutral rating.

The analyst comments "Following a 13% EPS beat and guidance raise (see details in the bullet below), TRMBs +18% move yesterday (vs. SPXs +2.5%)... More

Jefferies Downgrades Enphase Energy (ENPH) to Underperform

November 7, 2024 5:41 AM EST

Jefferies analyst Sean Milligan downgraded Enphase Energy (NASDAQ: ENPH) from Hold to Underperform with a price target of $61.00 (from $93.00).

The analyst comments "We downgrade Enphase to Underpeform, as we see a difficult set-up driven by growing uncertainty on residential solar following the election... More

International Flavors & Fragrances (IFF) PT Lowered to $110 at Citi

November 7, 2024 5:01 AM EST

Citi analyst Pat Cunningham lowered the price target on International Flavors & Fragrances (NYSE: IFF) to $110.00 (from $117.00) while maintaining a Buy rating.

The analyst comments "Our takeaways from the call: 1) IFF noted 4Q performance so far has been encouraging but caveated that the... More