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Search resuls for: "Brian Harbour"


11 mentions found


☆ McDonald's is still a share gainer despite sales slowdown, says Brian Harbour
  + stars: | 2024-04-30 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMcDonald's is still a share gainer despite sales slowdown, says Brian HarbourBrian Harbour, Equity Analyst at Morgan Stanley, discusses earnings from McDonald's and Starbucks.
Persons: Brian, Morgan Stanley Organizations: Equity, Starbucks Locations: Harbour
☆ Starbucks' earnings report was weak — but Wall Street expected worse
  + stars: | 2024-01-31 | by ( Amelia Lucas | ) www.cnbc.com   time to read: +2 min
Wall Street is shaking off Starbucks' weak quarterly report, seemingly taking executives at their word that the company's challenges are "transitory." The coffee giant's stock ticked higher in morning trading, hours after it reported fiscal first-quarter earnings and revenue that missed Wall Street's estimates and lowered its full-year sales outlook. Morgan Stanley analyst Brian Harbour wrote in a note to clients that the company's earnings per share and U.S. same-store sales growth was better than some had feared, "likely supporting the stock." Executives also tried to convey that those challenges are expected to subside as fiscal 2024 progresses. While Starbucks lowered its full-year outlook for revenue and same-store sales growth, it reiterated its forecast for fiscal 2024 earnings per share growth.
Persons: Morgan Stanley, Brian Harbour, Laxman Narasimhan, Andrew Strelzik, William Blair, Sharon Zackfia Organizations: Starbucks, BMO Capital Markets Locations: U.S, Israel, China
☆ McDonald's burger upgrade is multi-year driver for stock, says Morgan Stanley analyst
  + stars: | 2023-12-01 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMcDonald's burger upgrade is multi-year driver for stock, says Morgan Stanley analystBrian Harbour, restaurant analyst at Morgan Stanley, joins 'The Exchange' to discuss the upcoming investor days for McDonald's and Domino's, the 2024 outlook for fast food, and more.
Persons: Morgan Stanley, Brian Harbour
☆ This fast-casual food chain is a buy after a recent sell-off, Morgan Stanley says
  + stars: | 2023-10-11 | by ( Lisa Kailai Han | ) www.cnbc.com   time to read: +2 min
Cava has strong growth potential, and Morgan Stanley thinks investors need to capitalize on it. The bank upgraded shares of the fast-casual chain to overweight from equal weight. It decreased its price target to $41 from $45, but the updated forecast still implies upside of nearly 28%. Harbour pointed to Cava's strong fundamentals as a catalyst, specifically the restaurant chain's "best-in-class" store margins that still have upside potential. The analyst also highlighted Cava's strong self-funded net unit growth — which has a 15% target — and expects growth in both traffic and sales to continue this year.
Persons: Cava, Morgan Stanley, Brian Harbour, — CNBC's Michael Bloom Locations: Cava, CAVA
☆ Morgan Stanley's top picks for the rest of earnings season
  + stars: | 2023-07-26 | by ( Hakyung Kim | ) www.cnbc.com   time to read: +4 min
While Wall Street's expectations are lower this corporate earnings season, there are still several stocks Morgan Stanley said could rise in the near term. Morgan Stanley's estimates for second-quarter earnings are down 9% year to date and flat sales growth, which the firm attributes to lagged and elevated costs. Amazon is one of Morgan Stanley's top picks for this earnings season. The firm believes potential catalysts include positive earnings revisions and its AWS Summit on cloud computing and generative artificial intelligence. He added that multiple appreciation and earnings revisions could drive the stock upward.
Persons: Morgan Stanley, Morgan Stanley's, Michelle Weaver, Brian Nowak, Brian Harbour, Yum, Elizabeth Porter, Porter, — CNBC's Michael Bloom Organizations: Pharmaceutical, Merck, Pfizer, Devices, Tech, Amazon, Yum Brands, Taco Bell Locations: North America, China
☆ JPMorgan says buy this 'well managed' Mediterranean restaurant chain with attractive expansion opportunities
  + stars: | 2023-07-10 | by ( Samantha Subin | ) www.cnbc.com   time to read: +3 min
JPMorgan is gaining confidence in shares of Cava even after its 80% post- initial public offering run. CAVA YTD mountain Cava shares since going public "We agree with the market's implicit positive view on the medium/long term story of CAVA," he wrote in a Monday note. Key to Ivankoe's investment rationale is Cava's well-managed model and large end-market opportunities as a Mediterranean chain. A Mediterranean 'category killer' Other Wall Street firm's also initiated coverage of Cava with overweight and buy ratings. Elsewhere, Stifel's Chris O'Cull called Cava a "compelling restaurant growth investment" with a justified premium valuation given its "impressive unit-level economics" and expansion opportunities.
Persons: John Ivankoe, CAVA, firm's, Alexander Slagle, Piper Sandler's Brian Mullan, Stifel's Chris O'Cull, Morgan, Brian Harbour, — CNBC's Michael Bloom Organizations: JPMorgan, D.C, Cava, Jefferies Locations: Cava, CAVA, Washington
☆ Morgan Stanley says this food service stock could rally nearly 30% after management changes
  + stars: | 2023-06-20 | by ( Alex Harring | ) www.cnbc.com   time to read: +3 min
Analyst Brian Harbour upgraded the food distributor service's stock to overweight from equal weight and upped his price target by $8 to $54. His new target implies the stock could rally 29.7% in the next 12 months. "Quantifying these opportunities is still a work in progress, in our view, and admittedly the stock has been given some credit already." Elsewhere, Harbour downgraded Performance Food Group to equal weight from overweight and pulled his price target down to $66 from $74. Still, his price target implies the stock could rally about 17.2% in the next year.
Persons: Morgan Stanley, Brian Harbour, Harbour, It's, what's, — CNBC's Michael Bloom Organizations: . Foods, Smart Locations: U.S
☆ Wall Street believes this one stock was the biggest earnings winner ... and it's not tech
  + stars: | 2023-04-26 | by ( Brian Evans | ) www.cnbc.com   time to read: +3 min
It's still early in the earnings season, but Wall Street thinks burrito chain Chipotle is the biggest winner. The firm raised its price target to $1,800 from $1,550, which was about 1% upside compared to Tuesday's closing price. He added that his firm "can't find any flaws in the results" and raised its price target to $2,175 per share from $1,825. Senatore increased her price target on the stock to $2,200 per share from $1,850. Wells Fargo also hiked its price target on the burrito chain to $2,050 from $1,900.
☆ Restaurants are expected to post strong earnings, but signs of trouble ahead could emerge
  + stars: | 2023-04-23 | by ( Amelia Lucas | ) www.cnbc.com   time to read: +4 min
As restaurants prepare to present their first-quarter earnings, investors are anticipating strong results. When restaurants released their fourth-quarter reports in February, many touted impressive sales growth in January. Starting in the second quarter, restaurants will face comparisons to last year's sales bump driven by double-digit price increases, so they'll have to depend on higher traffic to drive sales growth. The relatively high valuations for restaurant stocks bring a downside for the industry, McCarthy said. Morgan Stanley's Harbour wrote that stocks could fall even on solid results "if the path forward is less clear."
☆ Here are Morgan Stanley's favorite quality stocks to buy as bear market nears end
  + stars: | 2023-03-21 | by ( Michelle Fox | ) www.cnbc.com   time to read: +5 min
As investors start preparing for the end of the bear market, Morgan Stanley has identified a number of stocks it expects to outperform once the next bull market begins. He has an overweight rating on the stock and a $135 price target, which suggests about 33% upside from Monday's close. He has an overweight rating on Costco and a $520 price target, which implies a little more than 6% upside from Monday's close. Graseck has an overweight rating on JPM and a $173 price target, which implies 36% upside from Monday's close. His $155 price target suggests the stock could rally more than 20% from Monday's close.
☆ Morgan Stanley downgrades Chipotle, slashes price target on worries about foot traffic
  + stars: | 2023-01-17 | by ( Carmen Reinicke | ) www.cnbc.com   time to read: +3 min
Morgan Stanley has grown more cautious on fast-casual name Chipotle after its data showed waning foot traffic. The firm downgraded shares from overweight to equal weight and cut its price target to $1,664 from $1,847 in a Tuesday note. Traffic slump In the future, Morgan Stanley will look to be more constructive on the name but sees it as more balanced today. "We think CMG remains well-positioned, but it doesn't necessarily have an edge on value." Pricing promos Chipotle may have some room to use promotional pricing in 2023 given their solid margins, but Morgan Stanley isn't sure they should take the opportunity.
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