Here are Monday’s biggest calls on Wall Street: Wells Fargo upgrades Target to overweight from equal weight Wells said the market is just too pessimistic on Target shares. “TGT’s sell-off provides the opportunity to pick up a proven share gainer into an underappreciated earnings recovery at the right price, in our view. Read more about … Read more
People pass by a video sign display with the logo for Roku, a Fox-backed video streaming firm, that held its IPO at the Nasdaq Marketsite in New York, September 28, 2017. Brendan McDermid | Reuters Check out the companies making headlines in midday trading Friday. Amazon — Shares of the e-commerce giant jumped more than … Read more
Here are the biggest calls on Wall Street on Friday: Stifel downgrades Wingstop to hold from buy Stifel said it sees a more balanced risk/reward outlook for the chicken wing restaurant company. “We are downgrading WING to Hold from Buy following the 20% appreciation in the stock following the 2Q earnings release (S & P … Read more
In this photo illustration, a silhouetted woman holds a smartphone with the Meta Platforms, Inc. logo displayed on the screen. Rafael Henrique | Lightrocket | Getty Images Check out the companies making headlines in midday trading. Bausch Health – Trading in the pharmaceutical company’s shares was halted after the stock dipped 50%. A Delaware federal … Read more
Despite new signs of slowing consumer demand, pockets of strength remain in travel, payments and autos. Hilton on Wednesday topped analysts’ second-quarter estimates and raised its full-year outlook, saying it remained optimistic there would be strong travel demand for the rest of the year. On Thursday morning, Southwest Airlines reinforced this view as it beat … Read more
Take a look at some of the biggest movers in the premarket: Spirit Airlines (SAVE) – Spirit shares rose 3.9% in premarket trading after it agreed to be acquired by JetBlue (JBLU) for $33.50 per share in cash. That follows yesterday’s rejection by shareholders of Spirit’s previous deal to merge with Frontier Airlines parent Frontier … Read more
As Wall Street starts another month with further volatility in the markets, Credit Suisse identified some “dividend aristocrats” that could offer investors steady returns. Analysts at the investment bank maintained an overweight rating on dividend stocks, even as they moved down to neutral on value stocks, according to a Friday report from the investment bank. … Read more
Pedestrians pass in front of the Salesforce Tower in New York. Victor J. Blue | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Salesforce – Shares of the enterprise-software maker jumped nearly 10% after the company’s stronger-than-expected quarterly earnings report. Salesforce also lifted its full-year earnings guidance, but reduced its … Read more
A Spirit Airlines aircraft takes off at Orlando International Airport. Paul Hennessy | SOPA Images | LightRocket | Getty Images Check out the companies making headlines in midday trading. Frontier Group, Spirit Airlines – Shares of Frontier Group and Spirit Airlines rose in midday trading after the companies announced they are merging into a deal … Read more
Here are the biggest calls on Wall Street on