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Pinterest Rallies On Q3 Results, Analysts Say Platform Becoming An E-Commerce Play
Thursday, October 29, 2020 - 11:14am | 566Pinterest Inc (NYSE: PINS) shares were trading higher Thursday after the company reported better-than-expected third-quarter EPS and sales results. The platform saw an increase in users under the age of 25 and growth in search usage, suggesting that Pinterest is becoming an increasingly...
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Should Investors Continue Playing With Mattel's Stock?
Friday, October 23, 2020 - 2:20pm | 542Mattel Inc (NASDAQ: MAT) reported third-quarter results that exceeded expectations due to what management described as "extraordinary" demand for toys. Shares are up more than 10% in Friday's session. Here is a summary of how some of the Street's top analysts reacted to the...
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MKM Partners Initiates Zynga With Bullish Rating On Bright Growth Prospects
Wednesday, September 30, 2020 - 4:05pm | 203Zynga Inc (NASDAQ: ZNGA) is well positioned to drive bookings growth of 13% and adjusted EBITDA growth of 18% from 2020 through 2023, according to MKM Partners. The Zynga Analyst: Eric Handler initiated coverage of Zynga with a Buy rating and a price target of $12. The Zynga Thesis: The company has...
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What Olive Garden And LongHorn Steakhouse Tell Us About Darden
Friday, September 25, 2020 - 12:59pm | 854Darden Restaurants, Inc. (NYSE: DRI), the parent company of Olive Garden and LongHorn Steakhouse among others, reported Thursday fiscal first-quarter results highlighted by a continued sales recovery and the reinstatement of its dividend. The stock traded sharply higher and sits around $96.24 per...
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The Street Debates Whether Costco Investors Should Buy The Dip
Friday, September 25, 2020 - 11:04am | 699Costco Wholesale Corporation (NASDAQ: COST) reported a top-and-bottom line beat in the fourth quarter, but shares moved lower following the earnings release Thursday afternoon. Here's how the Street reacted. The Costco Analysts: BofA Securities analyst Robert Ohmes maintained a...
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Exxon Mobil's Dividend Yield Hits 10%: What Investors Need To Know
Thursday, September 24, 2020 - 4:18pm | 344Exxon Mobil's dividend yield has continued to rise in a year that the stock has fallen by more than 50%. What Happened: Exxon Mobil Corporation's (NYSE: XOM) dividend yield is sitting above 10% as of Thursday. The company paid out a dividend of 87 cents in September. Based...
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Chevron Has 'Significant Strategic Advantage,' MKM Says In Bullish Initiation
Thursday, September 24, 2020 - 11:09am | 273Chevron Corporation (NYSE: CVX) is expected to generate free cash flow of around $1.3 billion in 2020 and $10.1 billion in 2021, and its “preserved financial capacity” is a “significant strategic advantage,” according to MKM Partners. The Chevron Analyst: John Gerdes...
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MKM Partners Bullish On Revolve Group: What Investors Need To Know
Thursday, September 17, 2020 - 3:47pm | 277Online fashion retailer Revolve Group Inc (NYSE: RVLV) has unique core competencies that position it to gain market share in a post-COVID-19 environment, and sales catalysts supporting 20%+ growth, according to MKM Partners. The Revolve Group Analyst: Roxanne Meyer initiated coverage of Revolve...
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7 Peloton Analysts On The Q4 Report: 'A Bona Fide Growth Company'
Friday, September 11, 2020 - 1:18pm | 795Peloton Interactive Inc (NASDAQ: PTON) analysts raised their price targets after the at-home exercise company issued its fourth-quarter report and guidance for fiscal year 2021. The Peloton Analysts: MKM Partners analyst Rohit Kulkarni maintained a Neutral rating on Peloton and raised...
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ExxonMobil May Need $15B In Debt To Support Dividend, Says MKM Partners
Thursday, September 10, 2020 - 12:26pm | 208Exxon Mobil Corporation (NYSE: XOM) is expected to need approximately $15.6 billion in incremental debt financing over the next years to back its dividend, increasing the oil company's outstanding debt by 22%, according to MKM Partners. The ExxonMobil Analyst: John Gerdes initiated...
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4 Walmart Analysts On Q2 Report, What's Next For Retail Giant
Wednesday, August 19, 2020 - 3:32pm | 791Retail behemoth Walmart Inc (NYSE: WMT) reported second-quarter results Tuesday that came in much better than expected across multiple metrics. Here's how the Street reacted. The Walmart Analysts Raymond James analyst Bobby Griffin maintains an Outperform rating on Walmart's stock...
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Pro Offers Cheaper Alternative In The Beauty Stock Drawer
Friday, August 14, 2020 - 12:19pm | 443Beauty stocks were in focus Thursday after Oppenheimer analyst Rupesh Parikh upgraded Estee Lauder Companies Inc (NYSE: EL) to Outperform and named it a "top pick." But with a price tag north of $200 per share and a valuation above $75 billion, one market pro has a cheaper alternative...
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The Street Debates McDonald's Comeback
Wednesday, June 17, 2020 - 4:25pm | 763McDonald's Corp (NYSE: MCD) announced Tuesday a business update consisting of its same-store sales performance in April and May and COVID-19-related commentary. Here is a summary of how some of the Street's top analysts reacted to the report. The Analysts BTIG analyst Peter Saleh maintains...
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6 Slack Analysts On Q1 Results, Billing Numbers, Microsoft Competition: 'An Unexpected Dichotomy'
Friday, June 5, 2020 - 12:36pm | 1026If there were any beneficiaries of the coronavirus pandemic, Slack Technologies Inc (NYSE: WORK) seemed to be one. The company’s first-quarter results Thursday demonstrated 50% top-line growth, reflecting rapid adoption by companies shifting to remote operations. Slack exceeded Street...
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Canopy Growth Is Growing More Pot Than It Can Sell, MKM Says
Thursday, June 4, 2020 - 2:42pm | 323While Canopy Growth Corp (NYSE: CGC) has announced strategic changes that could help lower its cost burden, the company is “sized for growth” that may not materialize in the medium-term, according to MKM Partners. The Canopy Growth Analyst Bill Kirk maintained a Neutral rating on Canopy...