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Barclays cut its price target on Tesla. Turrin's $480 price target suggests Microsoft shares, which are up more than 10% this year, could add another 15.8% over the next 12 months. Nardone kept his $150 price target, which implies Crocs shares could gain 24.3% over the next 12 months. Tesla shares, which have lost more than 36% this year, traded 1.3% higher in premarket trading. Redburn Atlantic also cut its price target to $130 from $150, reiterating its sell rating on the stock.

Persons: Raymond James, Wells, Michael Turrin, Turrin, — Pia Singh, Crocs, Christopher Nardone, Terence Reilly, Nardone, Stanley, Ben Chaiken, Chaiken, Jefferies, Corey Tarlowe, Tarlowe, Tesla's, Dan Levy, Levy, Tesla, Pavel Molchanov, Vernova, Molchanov, Fred Imbert Organizations: CNBC, Wednesday's, Barclays, GE, Microsoft, Bank of America Bank of America, Royal, Mizuho Securities Mizuho, Royal Beach Club, Urban, Jefferies, Urban Outfitters, Abercrombie, General Electric, GE Vernova Locations: Wells Fargo, Heydude, Royal Caribbean, Tuesday's

☆ Ad industry veteran John Nardone and PE firm GTCR are hunting for acquisitions to build the next big adtech rollup
▼ + stars: | 2024-01-12 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +3 min

A little over two years after selling adtech company Flashtalking to Mediaocean for $500 million , John Nardone is on the hunt for his next big adtech exit, he confirmed to Business Insider. Private equity firm GTCR is poised to be the financial sponsor on such a deal. Nardone intends to become CEO of the roll-up company and expects to bring on his own management team. Days before the agreement closed, "Vista swooped in and stole the deal," Nardone said. Before Flashtalking, Nardone sold the adtech company [x+1] to fellow adtech firm Rocket Fuel for around $230 million , and he helped take the digital marketing and research company Modem Media public.

Persons: John Nardone, Mediaocean, GTCR, Nardone, Innovid, — Innovid, Stephen Master, GTCR's Organizations: Business, Vista Equity Partners, Media Locations: Mediaocean, —

You don't have to be wealthy to start investing — $100 is a perfectly fine amount to tuck away. We asked five financial planners how best to invest that $100 and they suggested Roth IRAs and more. To prove this, Insider spoke with five certified financial planners, each offering advice for how they'd invest a simple $100. Fill your health savings accountFrank McLaughlin, a financial planner with Merriman, agrees with Botto that a Roth IRA is the best place to invest $100. "If you're looking to invest in your future, what future do you want to invest in?"

Persons: Roth IRAs, —, you've, Wesley Botto, Botto, Roth, Cynthia Meyer, Meyer, Frank McLaughlin, Merriman, McLaughlin, Get, Tania Brown, Brown, it's, Laurie Nardone, Shira Organizations: Service, Films, Cornerstone Financial, IRS, Invest, Real, SEC, SaverLife, Wealth Management

☆ ‘Roman Stories’ Review: Eternal, Uncertain City
▼ + stars: | 2023-10-13 | by ( Liesl Schillinger | ) www.wsj.com time to read: +1 min

Photo: Matteo Nardone/Pacific Press/AlamyWhat does it mean to be “a Roman” in the 21st century? But the narrator of the last story in Jhumpa Lahiri’s collection “Roman Stories” has a personal stake in this question. She is an American professor in her 50s who was pulled to Rome as a young woman by a fascination with the Italian poet Dante Alighieri (whose name provides the story’s title). After marrying a Roman, she ended up staying in the city for decades. At her mother-in-law’s funeral, she wonders: Had her long residence made her a Roman?

Persons: Matteo Nardone, Virgil, Aeneas, Caesar, Mussolini, Fellini, Sophia Loren, ”, Dante Alighieri, she’d, “ Organizations: Pacific Press Locations: American, Rome, Italian, America

☆ Bank of America upgrades Ralph Lauren, says apparel stock will differentiate itself in a promotional environment
▼ + stars: | 2023-02-13 | by ( Sarah Min | ) www.cnbc.com time to read: +1 min

Buy Ralph Lauren in a challenging retail environment, Bank of America says. Ralph Lauren shares have gained about 12% to start off 2023. Still, the analyst's $145 price target, raised from $130 previously, suggests shares can rise another 22% from Friday's closing price. The analyst approved of these changes, saying the moves will help Ralph Lauren distinguish itself from competitors. "We expect RL's brand elevation strategy will continue and that AUR and market share gains will drive consistent revenue growth," Nardone wrote.

☆ Bank of America asked its analysts for their top 2023 picks—Here are the stocks
▼ + stars: | 2023-01-31 | by ( Hakyung Kim | ) www.cnbc.com time to read: +4 min

Stocks are off to a hot start for the year, and Bank of America analysts think some buy-rated names in their coverage universe can carry that momentum through the rest of 2023. Still, Bank of America asked its analysts to break down their top picks for 2023. "Upside risks are if the commercial aerospace and business aviation jet recoveries are better than expected, earnings could fare better than our projections," Bank of America noted. Bank of America has a price target of $120 per share, implying upside of about 20% from Monday's close. Domino's Pizza The world's largest pizza delivery company was chosen by Bank of America due to its promising growth potential.

☆ Bank of America downgrades Levi Strauss, says upside is hard to see with discounts and sliding denim demand
▼ + stars: | 2023-01-18 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Sliding demand for denim and a continued reliance on markdowns make it hard to expect outperformance from Levi Strauss , Bank of America said Wednesday. Peers such as American Eagle and Abercrombie & Fitch have said denim demand is down as consumers moved to other styles. Nardone said Levi Strauss will outperform the broader industry in denim sales, but will still struggle in the first half of the year to meet sales from the same period a year before. Nardone said elevated third-quarter inventory and a planned software transition in the first half of this year could elongate Levi Strauss' timeline for finding better footing. Ultimately, he said Levi Strauss is "a strong retailer with an attractive store growth plan" and doesn't foresee any disruptions once Michelle Gass takes over as CEO .

☆ This footwear stock is a 'rare, consistent compounder' that can climb 20%, Bank of America says
▼ + stars: | 2022-11-01 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

Deckers Outdoor has been on a tear recently, and Bank of America thinks there's more upside to come. Analyst Christopher Nardone reinstated coverage of Deckers Outdoor with a buy rating, saying the footwear company has a strong portfolio of brands led by Hoka and Ugg that will help the stock outperform. Hoka is the "crown jewel" in Deckers' portfolio with a "clear runway for growth" as more consumers learn about the brand, according to the note. "We see additional growth opportunities outside the specialty run category and expect HOKA will continue to gain traction with non-core runners," read the note. Separately, the analyst expects that Ugg is "not just a pandemic winner" that will continue to gain market share from here.

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