Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Elizabeth Suzuki"


6 mentions found


Thursday's early calls featured a retail upgrade and an EV charging stock downgrade. The analyst reiterated his buy rating and $450 price target on the stock. Microsoft's AI cybersecurity solution Security Copilot, which was only recently expanded through an early access program on Oct. 19, already has tons of pent-up interest, Thill said. The firm downgraded shares from neutral to underperform and lowered its price target on the stock by $17 to $43. He gave the stock a $50 price target — $13 higher from the previous one — which implies 23.1% upside for shares since Wednesday's close.
Persons: Wells Fargo, Goldman Sachs, Kash Rangan, Rangan, Maia, Brent Thill, Thill, Vivek Arya, Arya, Raimo, Microsoft's, — Pia Singh, Elizabeth Suzuki, Vijay Rakesh, Rakesh, Vikram Bagri, Bagri, Fred Imbert, Edward Kelly, Kelly Organizations: CNBC, Citi, Microsoft's Ignite, Jefferies, Microsoft, Bank of America, Nvidia, Devices, Barclays, Advance, AAP, Mizuho, Intel, Mizuho Securities, Foundry, Foundry Services, Sapphire, Sierra, AMD, Wells Locations: Seattle, U.S, Wells Fargo, Wednesday's
Cooling inflationary pressures and strengthening home values are likely to spell a recovery for home improvement retailers sooner rather than later, according to Bank of America. Although the firm's indicator for the home improvement industry still came in negative for August 2023, the signal ticked up from its July reading. "Strength in home values should lend longer-term stability for home improvement demand," Suzuki wrote. Suzuki's $114 price target for Floor & Décor suggests almost 24% upside from its closing price of $92 Monday. BofA cited FND's growing number of stores and improved same-store sales growth.
Persons: Elizabeth Suzuki, Lowe, BofA, Suzuki, — CNBC's Michael Bloom Organizations: Bank of America, U.S . Mortgage, Finance Research Locations: 1H23, 2H23, Monday's
Advance Auto Parts ' massive earnings miss has drawn strong analyst concern. Both Goldman Sachs and JPMorgan downgraded Advance Auto Parts to neutral Thursday. Advance Auto Parts reported an adjusted 72 cents per share, far below analysts polled by Refinitiv's expectations of $2.57. AAP YTD mountain Advance Auto Parts stock is down more than 50% in 2023. Bank of America also downgraded Advance Auto Parts to neutral Thursday and slashed its price target to $85 from $178.
Persons: Goldman Sachs, Christopher Horvers, Horvers, Kate McShane, Elizabeth Suzuki, — CNBC's Michael Bloom Organizations: JPMorgan, AAP, Bank of America
The investment case for Best Buy looks murky as retailers face a slowing consumer spending environment, according to Bank of America. Best Buy shares have come under significant pressure this year as retailers grapple with high inflation and a pullback in consumer spending. The stock's down more than 17% year to date, with Bank of America's $69 price target suggesting shares could fall another 18% from Tuesday's close. Suzuki's price target suggests that stock trades at 10 times the bank's 2024 earnings per share forecast, which is below the historic averages for both Best Buy and the hardline retail sector. "We believe this discount is warranted given the pressure on consumer discretionary spending in light of inflation," she wrote.
This year's bear market has wiped trillions in market cap off the stock market, hitting both growth and defensive stocks alike. 'Best in class' Of the three, just one stock is buy-rated by Bank of America: O'Reilly Auto. It describes the company as a "best in class" auto parts retailer, with a long track record of above-industry sales growth. The stock is up more than 20% this year, but Bank of America expects further outperformance in the share price. A defensive sector One reason for O'Reilly's outperformance this year could boil down to the defensiveness of the auto parts sector.
Consumers aren't buying as many appliances as they used to, and that's bad news for Whirlpool according to Bank of America. The firm on Wednesday downgraded the company stock to underperform from neutral and cut its price target to $119 from $155. "Industry and company data suggests a severe drop in appliance demand and softening of pricing, while costs remain elevated, pressuring margins," wrote analyst Elizabeth Suzuki in the note, adding that Bank of America lowered its expectations for Whirlpool's 2023 earnings. "North America drove the lion's share of the miss, due to the impact of widespread global cost increases, combined with weakening demand. Shares of Whirlpool have slumped more than 41% year to date, underperforming the S & P 500's 19% drop.
Total: 6