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JPMorgan: Logitech Is Trading Near Its Fair Value
Tuesday, February 6, 2018 - 11:52am | 384Logitech International SA (USA) (NASDAQ: LOGI) shares are likely to underperform the mean of JPMorgan's coverage universe over the next six-to-12 months, an analyst at the firm said. The Analyst JPMorgan analyst Paul Coster downgraded shares of Logitech from Neutral to Underweight and...
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Unprofitable GoPro Guidance For 2018 'Not Unexpected,' Says JPMorgan
Friday, February 2, 2018 - 11:17am | 409GoPro Inc (NASDAQ: GPRO) reported fourth-quarter results Thursday, including a miss on the top- and bottom- lines, and a warning a profit is unlikely in 2018. The Analyst JPMorgan's Paul Coster downgraded GoPro's stock rating from Overweight to Neutral with a price target...
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JPMorgan's Top Tech Ideas For 2018: Buy Zebra, Short Garmin
Wednesday, January 24, 2018 - 4:53pm | 576Hardware stocks are well positioned to generate a "solid" return for investors in 2018, analysts at JPMorgan said in an industry-wide report. Among the entire group, the firm's top picks include: Flex Ltd (NASDAQ: FLEX), NCR Corporation (NYSE: NCR), TTM Technologies, Inc. (NASDAQ:...
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Analyst: GoPro Investors Shouldn't Be Concerned About Competition From Google
Friday, October 6, 2017 - 2:10pm | 387Contrary to various reports, Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL)'s newly introduced camera isn't a competitive threat to GoPro Inc (NASDAQ: GPRO), at least according to JPMorgan's Paul Coster. Alphabet's Google unit announced this week a smart video camera called Google...
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Cree, A Long-Term 'Hope Trade' With Near-Term Problems
Friday, October 6, 2017 - 2:01pm | 651Torn between Cree, Inc. (NASDAQ: CREE)'s long-term hope and near-term problems, JPMorgan downgraded shares of the company. The rating on the shares now goes from Neutral to Underweight, while the price target was bumped up from $23 to $28. The Hope Trade Analysts Paul Coster, Paul Chung and...
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Winners And Losers From Amazon's Purchase Of Whole Foods
Monday, June 19, 2017 - 2:43pm | 839When the dust finally settled on Amazon.com, Inc. (NASDAQ: AMZN)’s historic $13.7 billion buyout bid for Whole Foods Market, Inc. (NASDAQ: WFM) on Friday, Whole Foods stock was up 29.1 percent on the day, while Amazon stock finished the day up 2.4 percent as well. The deal has such wide-...
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JPMorgan Adds Fabrinet To Focus List After Stock's 30% Decline
Thursday, June 1, 2017 - 11:57am | 332The valuation of Fabrinet (NYSE: FN) led JPMorgan to add the tech manufacturer to the firm's focus list Thursday. JPMorgan has an Overweight on Fabrinet and raised their price target on the stock from $55 to $57. “We believe the recent sell-off (down 28 percent since Feb. 21 peak/S&P...
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Garmin Outlook Called 'Bleak,' Expected To Underperform Remainder Of 2017
Thursday, May 4, 2017 - 12:18pm | 502Reviewing Garmin Ltd. (NASDAQ: GRMN)'s first-quarter results, JPMorgan downgraded shares of the company, citing valuation and its belief that the prospects for upside surprise and the elusive return to sustainable growth are bleak through the end of 2017. The firm's assessment is premised on the...
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Rambus: 4 Ways To Win; JPMorgan Adds To Focus List
Tuesday, March 7, 2017 - 11:00am | 449Following the 8.5 percent pullback in Rambus Inc. (NASDAQ: RMBS) shares, after the company reported its fourth-quarter results, JPMorgan’s Paul Coster believes the selloff presents an attractive buying opportunity, “with some protection to the downside from the firm’s incumbent...
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GoPro Planning To Re-Release Karma Drone Before Holiday Season
Wednesday, November 9, 2016 - 12:04pm | 278GoPro Inc (NASDAQ: GPRO) announced the recall of 2,500 Karma drones due to reports of power failures for less than 10 of the devices sold earlier. JPMorgan’s Paul Coster maintained a Buy rating on the company. Following a meeting with CFO Brian McGee, Coster mentioned that the company...
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JPMorgan Slashes 2017 Megawatts Estimate For SolarCity
Monday, September 12, 2016 - 12:44pm | 289Paul Coster, an alternative energy analyst with JPMorgan, still expects the SolarCity Corp (NASDAQ: SCTY) merger with Tesla Motors Inc (NASDAQ: TSLA) to proceed as planned but if the deal falls through, SolarCity will face higher discount rates for future capital raises and a "compromising...
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JPMorgan Sets New Overweight Rating, $74 Target On NICE-Systems
Wednesday, June 29, 2016 - 9:54am | 269On May 18, Nice-Systems Ltd (ADR) (NASDAQ: NICE) announced its plans to acquire Incontact Inc (NASDAQ: SAAS) for $14 a share. The latter is a cloud contact center software company that recently received mixed reactions from investors and experts. JPMorgan's Take JPMorgan's Paul Coster...
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MTS Systems Initiated Overweight By JPMorgan
Thursday, June 23, 2016 - 8:58am | 284MTS Systems Corporation (NASDAQ: MTSC) shares have plummeted 30 percent year-to-date. JPMorgan’s Paul Coster initiated coverage of the company with an Overweight rating and a price target of $54. The analyst believes the company’s stock is currently undervalued, given the prospects of...
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JPMorgan On Tesla/SolarCity Deal: 'You Can't Put The Genie Back Into The Bottle'
Wednesday, June 22, 2016 - 7:23am | 309SolarCity Corp (NASDAQ: SCTY) received an all-stock takeover offer from Tesla Motors Inc (NASDAQ: TSLA) for a price of $26.50-$28.50. JPMorgan’s Paul Coster, who has a Neutral rating on SolarCity, said in a report that the offer price is marginally higher that the price target of $25. The...
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JPMorgan On Flextronics: Brains And Brawn, Initiates At Overweight
Tuesday, April 26, 2016 - 1:34pm | 512JPMorgan initiated coverage of Flextronics International Ltd. (NASDAQ: FLEX) with an Overweight rating and $15 price target, saying the company's strategy to shift to higher margin businesses would increase market share and margin expansion. The initiation note comes as Flextronics is set to report...