This is not a drill traders. A suddenly hawkish Fed. An exuberant bull running non stop for months. Inflation. Geopolitical unrest. The ingredients are all present and now are being stirred in the pot. A few weeks ago we sounded the alarm on this video (https://www.youtube.com/watch?v=UxXLlgz7k4I) . The bull has been overbought for months and […]
BofA Securities upgraded Integer Holdings Corporation (NYSE:ITGR), citing the anticipated growth in pulsed field ablation (PFA) for treating atrial fibrillation. Integer is one of the largest medical device outsourcing manufacturers, serving the cardiac rhythm management, neuromodulation, vascular, portable medical, and orthopedics markets. The analyst expects the PFA sales to surge from $100 million-200 million in 2023 to over […]
AvidXchange Holdings, Inc (NASDAQ:AVDX) shares are trading lower after Goldman Sachs analyst Will Nance downgraded the stock from Neutral to Sell and lowered its price target from $13 to $11.50. The analyst said the downgrade is attributed to the stock’s significant price increase of approximately 31% since the third-quarter earnings report, which led to a perceived negative risk-reward balance. […]
Argus Research analyst John Staszak upgraded the shares of Constellation Brands Inc (NYSE:STZ) from Hold to Buy with a price target of $306. In fiscal 4Q24 ended February 30, 2024, Constellation’s comparable sales rose 7% to $2.14 billion and topped the consensus estimate of $2.10 billion. The higher sales reflected an approximately 11% increase in beer revenue to more than […]
Cisco Systems Inc (NASDAQ: CSCO) is among the many beneficiaries of the artificial intelligence (AI) trend. The stock has underperformed the market over the last 12 months mainly due to weakness in Networking. However, the current estimates are “adequately low” and growth could accelerate from 2025 onwards, according to BofA Securities. The Cisco Systems Analyst: […]
Shares of PVH Corp (NYSE: PVH) were climbing on Monday, after last month’s steep decline. The sell-off in the company’s stock following the release of quarterly earnings last month offers a “buying opportunity,” according to Wedbush. The PVH Analyst: Tom Nikic upgraded the rating for PVH from Neutral to Outperform, while raising the price target […]
Mizuho analyst John Roberts upgraded the shares of Ecolab Inc (NYSE:ECL) from Neutral to Buy and raised the price target from $216 to $260. According to the analyst, ECL appears back to its historical beat-and-raise visibility. The analyst noted that the company had almost 25 years of meeting or exceeding quarterly consensus estimates before the pandemic. Meanwhile, the analyst […]
Five prominent U.S. financial institutions unveiled their first-quarter financial performance on Friday, surpassing consensus forecasts for both earnings and revenue, highlighting the favorable climate for banks amid heightened interest rates and a robust economy. Here’s a summary of the results sourced from the Benzinga Pro platform: Bank Q1 2024 EPS EPS Surprise Q1 2024 Revenue […]
Arista Networks Inc (NYSE: ANET) shares tanked in premarket trading on Friday, amid concerns around AI stocks trading at a premium. Although ethernet could prevail in the AI era, the company is unlikely to be a big winner of this trend, according to Rosenblatt Securities. The Arista Networks Analyst: Mike Genovese downgraded the rating for […]
Nike Inc (NYSE:NKE) shares are trading higher Thursday following an upgrade from BofA Securities. What Happened: BofA analyst Lorraine Hutchinson upgraded Nike from Neutral to Buy on Thursday and raised the price target from $110 to $113, noting that “it’s time to just do it.” Full-year earnings estimates for Nike have fallen 35% over the last two years. […]