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Ecolab Returning As A Consistent Earnings Compounder, Says Analyst

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 […]

Major US Banks Top Q1 Earnings Estimates As High Interest Rates Offer Tailwinds: ‘Indicators Continue To Be Favorable,’ Jamie Dimon Says

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 Gets A Double Downgrade: Buy This AI Stock Instead, Says Analyst

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 Stock Jumps On Upgrade To Buy As Analyst Says It’s ‘Time To Just Do It’

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. […]

Vertex’s Alpine Acquisition: Unpacking Analyst Predictions on Povetacicept’s Potential Impact

On Wednesday, Vertex Pharmaceuticals Incorporated (NASDAQ:VRTX) agreed to acquire Alpine Immune Sciences Inc (NASDAQ:ALPN) for $65 per share or approximately $4.9 billion in cash.  Evercore notes the deal as a surprise move as it is unusual for Vertex, which has often been critiqued for capital allocation, building up piles of cash amounting to $13.7 billion before the acquisition.  The analyst […]

What’s Going On With Walker & Dunlop Shares Today?

Walker & Dunlop, Inc. (NYSE:WD) shares are trading lower after Wedbush analyst Jay McCanless downgraded the stock to Neutral from Outperform and cut the price target to $95 (from $130). The analyst’s re-rating reflects the expectation that a higher for longer rate environment will again put pressure on transaction volumes this year. The analyst says that the rate of […]

Analyst Sees Volatile Future for North American Gas Prices, Upgrades Most Impacted Stock

Scotiabank analyst Cameron Bean changed the rating for a few North American Natural Gas companies following their revised forecasts about commodity price deck and industry outlook. The analyst continues to expect congestion and low prices to prevail into the summer but sees green shoots on the horizon, with weaker U.S. production volumes in H2 FY24 and […]

Deckers Outdoor Faces Direct-To-Consumer Growth Slowdown, Analyst Downgrades Stock

Truist Securities analyst Joseph Civello downgraded Deckers Outdoor Corp (NYSE:DECK) stock to Hold from Buy and cut the price target to $864 from $983. The analyst wrote that Truist Card Data indicated HOKA’s Direct-to-Consumer (DTC) growth decelerated in mid-February and remained softer through March.  Consequently, the analyst lowered the segment growth forecast to 25% (to $190 million) […]

American Eagle Outfitters Turns Bullish After Meeting With Management

American Eagle Outfitters Inc (NYSE: AEO) reported upbeat fourth-quarter earnings in March. The company is poised to generate revenue growth across its brand portfolio, with 3% to 5% consolidated revenue growth in its flagship brand and Aerie, according to JPMorgan. The American Eagle Outfitters Analyst: Matthew Boss upgraded the rating from Neutral to Overweight, while raising the price […]

Black Gold Bonanza: Analyst Bets On Chevron, Citing Price Outlook

Scotiabank analyst Paul Y. Cheng upgraded Chevron Corporation (NYSE:CVX) to Sector Outperform from Sector Perform and increased the price target to $195 (from $170). The analyst says that Chevron has the highest oil torque among the integrated super majors, and can enjoy macro tailwinds over the next few years.  Also, the analyst remains optimistic that Chevron will prevail in […]