Bank of America Merrill Lynch

HEXO Corp. (TSX: HEXO) (NYSE: HEXO) announced Friday that Chief Financial Officer Michael Monahan is resigning due to family reasons.  "Since joining HEXO Corp, it has become apparent that this job requires me to spend the majority of my time in Gatineau and in Ottawa. During this...

Analysts praised Costco Wholesale Corporation (NASDAQ: COST) for double-digit EPS and strong comparable store sales growth, and in a couple cases raised price expectations on the stock after the retailer's fourth-quarter report.  The company beat earnings estimates by 15 cents ...

Clorox Co (NYSE: CLX) shares lost ground Thursday after the company cut its 2020 guidance at its investor day Wednesday.  The company cut its fiscal year 2020 earnings guidance from a range of $6.30-$6.50 per share to $6.05-$6.25, falling short of consensus estimates. BofA Shaves $5 From...

Bed Bath & Beyond Inc. (NASDAQ: BBBY) shares were volatile Thursday in the wake of the retailer's second-quarter same-store sales miss. Credit Suisse analyst Seth Sigman said the second-quarter results were weak and point to a company still undergoing a transition. “The quarter...

Bed Bath & Beyond Inc. (NASDAQ: BBBY) shares were trading sharply higher Monday, ahead of the retailer's Oct. 2 second-quarter report.  The Street weighted in on the stock ahead of the quarterly print. The Analysts Wedbush analyst Jen Redding upgraded bed Bath & Beyond from...

Wells Fargo & Co (NYSE: WFC)’s new CEO should bring some needed stability as the bank tries to get out from under regulatory restrictions, but a return to growth won’t happen overnight, sell-side analysts said from the sidelines Monday.  The bank announced Friday that Charlie...

U.S. Bancorp (NYSE: USB) shares were trading near-flat Monday in the wake of a Wall Street downgrade.  The Analyst Bank of America Merrill Lynch analyst Erika Najarian downgraded U.S. Bancorp from Neutral to Underperform and lowered the price target from $55 to $53. The Thesis The company...

Twilio Inc (NYSE: TWLO) shares have gotten hammered of late, dropping 21.8% in the past three months. One Wall Street analyst said Monday that investors shouldn’t get too hung up on near-term issues and lose sight of the longer-term opportunity in Twilio. The Analyst Bank of America...

A rough few months for Canopy Growth Corp (NYSE: CGC) investors got even worse on Friday when the stock was hit by a major Wall Street downgrade.  The Analyst Christopher Carey downgraded Canopy Growth from Buy to Neutral and cut the price target from $46 to $27. The Thesis Carey said he is...

Homebuilder KB Home (NYSE: KBH) reported third-quarter results Wednesday that weer notable for an earnings beat, strong growth in net orders and deliveries — and a slight sales miss. Here's how the Street reacted.  The Analysts KeyBanc Capital Markets analyst Kenneth Zener...

Shares of Match Group Inc (NASDAQ: MTCH), the owner of dating services Match.com and Tinder, among others, came under selling pressure Wednesday following the revelation the FTC is suing the company for allegedly using fake profiles to draw in subscribers for Match.com. One analyst at Bank of...

The details of a new U.S.-Japan trade deal aren’t yet fully public, but a deal is likely to avoid high tariffs on cars exported from Japan, which would be good for Japanese car makers, Bank of America Merrill Lynch said Tuesday. Japanese foreign minister Toshimitsu Motegi and U.S. trade...

For the first time since 2008, the New York Federal Reserve was forced to inject capital into the U.S. financial system to stave off a spike in overnight lending rates Tuesday. What Happened The New York Fed injected $53 billion in capital into the U.S. financial system Tuesday by buying U.S....

Canadian cannabis company Aurora Cannabis Inc (NYSE: ACB) reported fourth-quarter results Wednesday that fell short of the company's own expectations and received a mixed review from two Street analysts. The Analysts Canaccord Genuity analyst Matt Bottomley maintained a...

L Brands Inc (NYSE: LB) hosted an analyst day this week, and much of the focus was on the embattled Victoria’s Secret brand. The company provided a longer-term goal for the brand to achieve 10-15% operating margins. BofA Stays Sidelined  The margin goal is unrealistic given changes in...