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TransUnion's 2024 Guidance Has Upside, Says Bullish Analyst: 'P&C Insurers Are Spending More'
Thursday, June 20, 2024 - 10:46am | 286TransUnion (NYSE:TRU) in May reported its first-quarter earnings ahead of expectations. The Chicago-based company is poised to benefit from continued stability in consumer lending and room for upside in emerging verticals, according to Bank of America Securities. The TransUnion Analyst: Heather...
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Cintas Analyst Bullish For This 'Market Leader' Company
Tuesday, September 12, 2023 - 7:28pm | 286Shares of Cintas Corporation (NASDAQ: CTAS) Tuesday rose, ahead of the company’s release of fiscal first-quarter results on Sept. 26. With increased prospects of the U.S. economy’s “soft landing,” there’s greater optimism around Cintas’ sales and margin momentum...
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Why This Alight Analyst Says Company Is 'Recession-Resilient'
Friday, December 16, 2022 - 2:15pm | 238Shares of Alight Inc (NYSE: ALIT) fell sharply in the premarket session on Friday — but the valuation of the stock does not reflect the company’s “recession-resilient business model” and potential to generate 16% EPS growth, according to BofA Securities. The Alight...
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BofA Upgrades Robert Half On Labor Market Momentum
Wednesday, April 27, 2022 - 1:33pm | 259After generating 26.5% sales growth in 2021, Robert Half International Inc (NYSE: RHI) appears poised to deliver sales growth of 20% in 2022, according to BofA Securities. The Robert Half International Analyst: Heather Balsky upgraded the rating for Robert Half International from Neutral to Buy,...
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What Will Drive Aurora Cannabis' Value Most? Analyst's Thoughts Ahead Of Q1 Earnings Report
Thursday, October 28, 2021 - 1:23pm | 655Over the last year, Aurora Cannabis Inc. (NASDAQ: ACB) (TSX: ACB) was involved in the undertaking of its so-called 'business transformation plan' following the retirement of former CEO Terry Booth. Some of its most recent international initiatives included a nearly CA$8 million...
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Which Canadian Cannabis Producer Is Best Positioned To Enter The US?
Friday, October 1, 2021 - 1:52pm | 464After Thursday's approval of the Marijuana, Opportunity, Reinvestment and Expungement (MORE) Act of 2021 in a 26-15 vote in the House Judiciary Committee, BofA analyst Heather Balsky said in her most recent note that Canopy Growth Corporation (TSX: WEED) (NASDAQ: CGC) is...
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Is Aurora Cannabis' 'Business Transformation Plan' Yielding Results?
Tuesday, September 28, 2021 - 2:48pm | 696Aurora Cannabis (NASDAQ: ACB) (TSX: ACB) reported a 45% year-over-year plunge in consumer cannabis net revenue, while its total net revenue in the fourth quarter of fiscal 2021 amounted to CA$54.83 million ($43.4 million), down from CA$68.43 million in the same period. On the other hand, medical...
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Cannabis Experts Skeptical Of Latest U.S. Reform Bill
Monday, August 2, 2021 - 12:15pm | 561After a huge surge following the 2020 election, the ETFMG Alternative Harvest ETF (NYSE: MJ) has taken a dive in the past three months as optimism surrounding the outlook for U.S. federal legalization has faded. Bank of America analyst Heather Balsky recently hosted a call with cannabis expert...
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Tilray Analysts Bullish Following Earnings Pop
Thursday, July 29, 2021 - 10:45am | 481After a big post-earnings pop on Wednesday, Tilray Inc (NASDAQ: TLRY) pulled back a bit on Thursday morning. However, analysts say there’s still more upside ahead of the Canadian cannabis giant. The Numbers: Tilray reported fiscal fourth-quarter GAAP EPS of 18 cents, beating analyst estimates...
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US Cannabis Legislation Update: 'SAFE Act Gaining Steam'
Monday, May 17, 2021 - 5:35pm | 495The ETFMG Alternative Harvest ETF (NYSE: MJ) is down 26.3% in the last three months as efforts to push for federal U.S. cannabis legalization haven’t progressed as quickly in Washington, D.C. during the early innings of the Joe Biden administration as some investors had hoped. Bank of America...
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Should Aurora Exit Recreational Market? Analysts Dissect Cannabis Co. Earnings
Friday, May 14, 2021 - 11:05am | 667Canadian cannabis company Aurora Cannabis Inc. (NYSE: ACB) (TSX: ACB) posted its third-quarter of fiscal 2021 financial results on Thursday with revenue of CA$58.4 million ($48.1 million), down by 19.5% year-over-year, and 17% sequentially. The Edmonton, Alberta-based company also...
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BofA Analyst Bullish On Canopy Growth-Acreage Merger: It Could Bring Canopy Into The U.S.
Thursday, May 13, 2021 - 1:40pm | 499Canadian cannabis giant Canopy Growth Corp (NYSE: CGC) revealed in April that it was contemplating a deal to acquire multi-state operator Acreage Holdings, Inc. (CSE: ACRG) (OTCQX: ACRDF) in a $3.4 billion deal, thus making it one of the largest cross-border cannabis mergers in...
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BofA On Cannabis Stocks: Bullish On Tilray, Canopy Growth, Bearish On Cronos
Wednesday, April 28, 2021 - 12:16pm | 492Valuation multiples for cannabis stocks are likely to expand over the next year as the U.S. government reaches milestones on the path to federal cannabis legalization, according to BofA Securities. The Cannabis Analyst: Heather Balsky reinstated coverage of four cannabis stocks in separate notes:...
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Levi Strauss Positioned For Quick Recovery, BofA Says In Upgrade
Tuesday, November 10, 2020 - 12:03pm | 242Levi Strauss & Co. (NYSE: LEVI) seems well-positioned to recover faster than peers and to drive healthy sales growth, according to BofA Securities. The Levi Strauss Analyst: Heather Balsky upgraded Levi Strauss from Neutral to Buy and raised the price target from $18 to $20. The Levi...
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Hanesbrands Analysts Upgrade Stock Ahead Of Q2 Report, Eye PPE Sales Opportunity
Wednesday, July 15, 2020 - 12:09pm | 413Hanesbrands Inc. (NYSE: HBI) is scheduled to report second-quarter results Thursday, July 30, and two analysts are upgrading the stock ahead of the print. The Hanesbrands Analysts BofA Securities analyst Heather Balsky upgraded Hanesbrands from Underperform to Neutral and lifted...