BMO Capital

Ambrish Srivastava of BMO Capital downgraded Qorvo Inc (NASDAQ: QRVO) to Market Perform, citing three quarters of uneven execution and potential share loss to rival Skyworks Solutions Inc (NASDAQ: SWKS). The analyst also expressed doubts whether the Apple Inc. (NASDAQ: AAPL) supplier can meet...

Pre-open movers U.S. stock futures traded higher in early pre-market trade, after Apple reported upbeat quarterly results. Facebook Inc (NASDAQ: FB) and Metlife Inc (NYSE: MET) will report earnings after the closing bell. Data on motor vehicle sales for January will be released today. The ADP...

Paper stocks are rallying after BMO Capital Markets upgraded International Paper Co (NYSE: IP) and Packaging Corp Of America (NYSE: PKG) to Outperform from Market Perform on stronger-than-expected market conditions in containerboard and pulp prices. The brokerage also boosted the price target on...

Pre-open movers U.S. stock futures traded slightly higher in early pre-market trade. The Consumer Price Index for December will be released at 8:30 a.m. ET, while data on industrial production for December will be released at 9:15 a.m. ET. The housing market index for January is schedule for...

BMO Capital raised its price target on Ionis Pharmaceuticals Inc (NASDAQ: IONS) shares to $68 from $61 after the brokerage increased its Spinraza estimates to reflect a faster ramp based on the broad approval and a higher price point announced by partner Biogen Inc (NASDAQ: BIIB). Spinraza To...

Keith Bachman of BMO Capital Markets downgraded Red Hat Inc (NYSE: RHT) to Market Perform from Outperform, as he believes the billings pressure will keep the stock range-bound. For the November quarter, Red Hat’s billings were $679 million versus the BMO estimate of $713 million. Moreover,...

BMO Capital Markets has started coverage of six beauty and consumer product stocks by assigning an Outperform rating for Spectrum Brands Holdings, Inc. (NYSE: SPB), Ulta Salon, Cosmetics & Fragrance, Inc. (NASDAQ: ULTA) and e.l.f. Beauty Inc (NYSE: ELF). That said, the brokerage prefers be on...

Wall Street expects Netflix, Inc. (NASDAQ: NFLX) to be under pricing pressure following Amazon.com, Inc. (NASDAQ: AMZN)’s announcement that its Prime Video is now available in 200-plus countries at the aggressive launch price of $2.99 per month for the first six months, and $5.99 thereafter...

Pre-open movers U.S. stock futures traded mixed in early pre-market trade. The U.S. Treasury budget data for November will be released at 2:00 p.m. ET. Futures for the Dow Jones Industrial Average climbed 13 points to 19,724.00, while the Standard & Poor’s 500 index futures dropped...

BMO Capital believes Ciena Corporation (NYSE: CIEN) should perform well in 2017, driven by demand for optical equipment across an increasingly diverse set of customers. Ciena expects full-year growth in the high-single digits versus industry growth in the mid-single digits. Analyst Tim Long,...

  Pre-open movers U.S. stock futures traded higher in early pre-market trade. Data on U.S. international trade in goods for October will be released at 8:30 a.m. ET, while the Markit Services PMI for October is schedule for release at 9:45 a.m. ET. Futures for the Dow Jones Industrial...

Home Depot Inc (NYSE: HD) reported beat-and-raise results for its third quarter on strong demand from professional contractors, growth in big-ticket projects and favorable weather. Argus: Buy, $154 Price Target Argus maintains its Buy rating and $154 price target on Home Depot, saying the home...

  Pre-open movers U.S. stock futures traded lower in early pre-market trade. The Producer Price Index for October will be released at 8:30 a.m. ET, while data on industrial production for October will be released at 9:15 a.m. ET. The housing market index for November is schedule for...

Reviewing Walt Disney Co (NYSE: DIS)'s fourth-quarter results, BMO Capital Markets said it believes the shares reacted well to CEO Robert "Bob" Iger's observation that ESPN is seeing less impact from MVPD subscribers downgrading to packages that exclude ESPN. At the time of writing, shares of...

Argus has downgraded Pfizer Inc. (NYSE: PFE) to Hold from Buy on a weaker outlook, pipeline setbacks and increased competition. Further, the discontinuation of separation plans was also a key reason behind the downgrade, as the brokerage believes the split would have improved business performance...