-
JPMorgan Upgrades AK Steel Amid Cleveland-Cliffs Acquisition
Wednesday, December 4, 2019 - 1:01pm | 236AK Steel Holding Corporation (NYSE: AKS) has entered into a definitive merger agreement with Cleveland-Cliffs Inc (NYSE: CLF), in which the latter will acquire all the shares of the steelmaker. Cleveland-Cliffs’ proposed acquisition of would likely be approved, with no antitrust opposition or...
-
Analysts Mostly Bullish On Newly Public Insurance Firm BRP Group
Monday, November 18, 2019 - 1:23pm | 534Several analysts started coverage of public insurance distribution firm BRP Group Inc. (NASDAQ: BRP) bullish, citing strong revenue growth and expectations of beneficial consolidation. The Analysts Bank of America’s Jay Cohen initiated coverage with a Buy rating and $20 price target. Wells...
-
Here Comes 5G Benefit: Sell-Side Likes Qualcomm's Coming Year
Thursday, November 7, 2019 - 11:39am | 554Qualcomm Inc's. (NASDAQ: QCOM) strong fourth-quarter results pleased sell-side analysts, but the driving factor in much of the bullishness is the ramp up of 5G, expected to bolster the company's bottom line starting next year. Investors were also bullish on the chip maker, buying its stock...
-
This Analyst Says It's Time To Take Profits From TerraForm Power, Downgrades Stock
Wednesday, September 18, 2019 - 1:47pm | 282The recent rally in TerraForm Power Inc’s (NASDAQ: TERP) shares seems justified and the risk-reward now seems approximately balanced, according to JPMorgan. The Analyst JPMorgan’s Mark Strouse downgraded TerraForm Power from Overweight to Neutral leaving the price target at $17....
-
Cambium Networks IPO: What You Need To Know
Tuesday, June 25, 2019 - 8:28am | 414The wide adoption of the internet has spawned many companies that have potential to turn in staggering growth. A communications products company with an addressable market opportunity of over $22 billion is set to debut this week. The IPO Terms Cambium Networks (NASDAQ: CMBM) proposes to offer...
-
Analysts Like Target's Strong Comps, Interested In Move To Omnichannel Business
Thursday, May 23, 2019 - 1:08pm | 691Target Corporation (NYSE: TGT)'s strong sales numbers have the sell-side bullish, with particular interest in the legacy retailer’s addition of digital order fulfillment to its apparent strengths. Target beat analysts' estimates on both earnings and sales in its first quarter report...
-
Bank Earnings: JP Morgan And Wells Fargo To Report On Tuesday
Monday, January 14, 2019 - 1:16pm | 1333Earnings season starts to pick up the pace this week, with reports from JP Morgan (NYSE: JPM) and Wells Fargo (NYSE: WFC) scheduled before market open on Tuesday, Jan. 15. Between the Fed’s rate hike path, growing concerns regarding global economies and future growth, and geopolitical...
-
2018 Was Bittersweet For Bitcoin: Focus On JPMorgan's View Of BTC Futures On CBOE, CME
Monday, December 31, 2018 - 12:39pm | 477Bitcoin has not been able to come out of the bear trend the entire year. Bitcoin futures have been a great addition to the crypt market since their introduction by CME in 2017. This year has been the year of correction in in the cryptocurrency industry. It is true to say that it has been...
-
Nike Leads Dow After Rock-Solid Q2 Report: A Sell-Side Roundup
Friday, December 21, 2018 - 3:45pm | 1017Nike Inc (NYSE: NKE) shares are soaring higher in spite of overall market turmoil after reporting a big second-quarter earnings beat after the close Thursday. The world’s largest sportswear company delivered earnings of 52 cents per share, beating estimates by 6 cents. Revenue came in at $9.4...
-
Dick's Sporting Goods Reports Mixed Q3: An Analyst Roundup
Friday, November 30, 2018 - 5:20pm | 722Dicks Sporting Goods Inc (NYSE: DKS) reported mixed third-quarter results Wednesday and analysts had plenty to say about it. JPMorgan JPMorgan analyst Christopher Horvers said Dick’s risk-reward is turning more balanced — and after a 47-percent gain in shares over the past...
-
Sell-Side Moves To Sidelines On Western Digital After Q1 Miss, Below-Consensus Guidance
Friday, October 26, 2018 - 10:40am | 559Hard drive manufacturer Western Digital Corp (NASDAQ: WDC)'s shares were tumbling Friday after the company reported after the close Thursday with in-line fiscal first-quarter non-GAAP earnings per share and revenue that trailed expectations The Analyst JPMorgan analyst Harlan Sur...
-
Buying The Dip In Nevro Pays Off For Investors After Court Ruling
Wednesday, July 25, 2018 - 3:22pm | 548Prior to a big bounce Wednesday morning, Nevro Corp (NYSE: NVRO) stock was down nearly 50 percent in the past month. Much of the drop came Tuesday following what the market perceived as bad news tied to the company’s patent dispute with Boston Scientific Corporation (NYSE...
-
JPMorgan Places Overweight Rating On Hecla Following New Business Acquisitions
Tuesday, July 24, 2018 - 4:22pm | 298Hecla Mining Company (NYSE: HL) recently acquired new mining initiatives in hopes to increase production and growth opportunities. The Analysts JPMorgan analyst John Bridges moved Hecla stock to an Overweight rating, with a price target of $5.50. The Thesis Bridges outlined some key reasons...
-
It's Time To Buy Weight Watchers, According To These Sell-Side Analysts
Tuesday, June 12, 2018 - 1:54pm | 388The Street became decidedly more bullish on Weight Watchers International, Inc. (NYSE: WTW) Tuesday. JPMorgan analyst Christina Brathwaite initiated coverage with an Outperform rating and $105 price target, while D.A. Davidson analyst Linda Bolton Weiser initiated with a Buy rating and $143 price...
-
Twitter Bull JPMorgan Projects 21% Upside For The Stock
Tuesday, June 12, 2018 - 12:42pm | 432Twitter Inc (NYSE: TWTR) shares have showed solid momentum this year thanks to positive catalysts — and a JPMorgan analyst is confident the stock will make further gains. The Analyst Analyst Doug Anmuth reiterated an Overweight rating on shares of Twitter and increased the...