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A solar energy company and a video game maker were highlighted by analysts Tuesday. Meanwhile, JPMorgan upgraded Roblox to overweight from neutral, and its new price target implies upside of more than 35%. — Pia Singh 5:43 a.m.: KeyBanc downgrades beaten-down solar stock Sunnova Energy Heading into first-quarter earnings, KeyBanc Capital Markets is cautious on residential solar names, particularly Sunnova Energy . Analyst Sophie Karp downgraded the Texas-based residential and commercial solar energy company to sector weight from overweight and removed her price target on the stock. It also raised its price target to $48 from $41, implying a 37% rally over the next 12 months.

Persons: KeyBanc, Oppenheimer, Dwight, Rupesh Parikh, Parikh, — Pia Singh, DataDog, Andrew Nowinski, Datadog, Nowinski, Yun Kim, Kim, MDB, KeyBanc downgrades, Sophie Karp, Karp, —, Cory Carpenter, Carpenter, Fred Imbert Organizations: CNBC, JPMorgan, Loop Capital, Sunnova Energy, NOVA, SolarEdge Technologies, Enphase Energy Locations: Sunnova, Parikh, Wells Fargo Wells, Texas, U.S

— Alex Harring 6:46 a.m.: HSBC sees Snowflake pulling back after rally Snowflake's good news has already been priced in with a recent rally, according to HSBC. Analyst Sara Russo upped her price target by $26 to $72, now implying a smaller downside of 43%. — Alex Harring 6:05 a.m.: Macquarie moves to sidelines on Sony There's reasons for pause on Sony , Macquarie warned. Still, the analyst noted the "many" risks to the stock price, including valuation and if the ETFs become a competitor to Coinbase itself. The bank initiated coverage of the medical technology stock with a buy rating and a price target of $100 per share.

Persons: Ulta, Oppenheimer, Rupesh, Parikh, Alex Harring, Snowflake, Stephen Bersey, Bersey, Bernstein, Sara Russo, Russo, — Alex Harring, Skechers, Jesalyn Wong, Wong, Macquarie, Damian Thong, Thong, deconsolidation, Colin Isaac, Eastman, Isaac, EBITDA, Piper Sandler, Harsh Kumar, Kumar, Kenneth Worthington, Worthington, Sezgi Oezener, Taha Kass, Oezener, Fred Imbert Organizations: CNBC, JPMorgan, HSBC, GE Healthcare, ISI, Distributors, Sony, Macquarie, U.S, Eastman, Eastman Chemical, Nvidia, GE Healthcare HSBC, General Electric, Learning, Amazon, Science & Technology Locations: Wednesday's, Sony's U.S, premarket, Coinbase

☆ Walmart just split its stock. History shows what will happen next with the megacap
▼ + stars: | 2024-01-31 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +3 min

Walmart 's plan to split its stock into three pieces should do nothing for the underlying strength of the retail giant's business, but history suggests the move might make shareholders richer anyway. "Stocks have historically outperformed the market immediately following the split announcement, as well as 6-months following the split effective date. In the six months after the effective date, the newly split shares outperformed the index by 4.7%. Walmart stock closed at $165.59 per share on Tuesday, less than $5 from its all-time high. For Walmart specifically, Oppenheimer analyst Rupesh Parikh said in a note to clients on Wednesday that the stock split is just a reassurance that the company is on the right track.

Persons: Outperformance, Morgan Stanley, Boris Lerner, Lerner, Oppenheimer, Rupesh Parikh, Parikh, — CNBC's Michael Bloom Organizations: Walmart

☆ Dollar General has greater turnaround potential in the coming years: Oppenheimer's Rupesh Parikh
▼ + stars: | 2023-11-30 | 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 EmailDollar General has greater turnaround potential in the coming years: Oppenheimer's Rupesh ParikhRupesh Parikh, Oppenheimer managing director and senior analyst, joins 'Power Lunch' to discuss the economic ecosystem in the discount retail space.

Persons: Oppenheimer's, Parikh, Oppenheimer

☆ Earnings playbook: How to trade the biggest reports this week, including retail giant Walmart
▼ + stars: | 2023-11-12 | by ( Fred Imbert | ) www.cnbc.com time to read: +4 min

Investors will get a glimpse this week on the state of the consumer with a slew retail companies slated to report earnings. Tuesday Home Depot is set to report earnings before the open, followed by a call at 9 a.m. What history shows: Bespoke data shows Target beats earnings expectations 65% of the time. What to watch: Walmart is riding high, with the stock reaching an all-time high last week on bets of a strong holiday season for the retail giant. What history shows: Walmart was higher in four of the last five earnings days, Bespoke data shows.

Persons: Seth Sigman, Brian Cornell, Michael Lasser, PANW, Hamza Fodderwala, Morgan Stanley, billings, WMT, Oppenheimer, Rupesh, — CNBC's Michael Bloom Organizations: Walmart, Home Depot, CNBC, Tuesday, LSEG, Depot, Federal Reserve, Barclays, Investment, UBS, Palo Alto Networks, Management

☆ Dollar General brings former CEO Todd Vasos back to lead the struggling retailer
▼ + stars: | 2023-10-12 | by ( Samantha Delouya | ) edition.cnn.com time to read: +2 min

CNN —Dollar General has brought back its former chief executive in an attempt to revive its struggling business. On Thursday, the discount chain announced that it had reinstated Todd Vasos as CEO, replacing Jeff Owen. Shares of Dollar General, which have been under pressure this year, surged in after-hours trading Thursday after the announcement. Earlier this year Dollar General workers protested over unsafe working conditions at the store.. Conversely, during Vasos’ seven years as CEO, Dollar General more than doubled its market capitalization.

Persons: Todd Vasos, Jeff Owen, Vasos, Owen, ”, Michael Calbert, Neil Saunders, Oppenheimer, Rupesh Parikh Organizations: CNN, “

☆ 'Nothing wrong' with Walmart's earnings report, Oppenheimer's Rupesh Parikh
▼ + stars: | 2023-08-17 | 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 Email'Nothing wrong' with Walmart's earnings report, Oppenheimer's Rupesh ParikhRupesh Parikh, Oppenheimer analyst, joins 'Squawk on the Street' to discuss why the pack sizes are important for Walmart, what Parikh took away from Walmart's earnings results, and the company's standings relative to peers.

Persons: Oppenheimer's, Parikh, Oppenheimer Organizations: Walmart

☆ Walmart shares dip despite second-quarter earnings beats. Here's how the pros are reacting
▼ + stars: | 2023-08-17 | by ( Christina Falso | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWalmart shares dip despite second-quarter earnings beats. Here's how the pros are reactingJim Cramer, Sucharita Kodali of Forrester Research, Michael Lasser of UBS, and Rupesh Parikh of Oppenheimer discussed Walmart after the company reported second-quarter earnings that beat on the top and bottom lines.

Persons: Jim Cramer, Sucharita, Michael Lasser, Oppenheimer Organizations: Walmart, Forrester Research, UBS

☆ Oppenheimer says this pet food stock could rise more than 25%
▼ + stars: | 2023-08-10 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

The firm listed the pet food stock as a top pick, reiterating its outperform rating. Analyst Rupesh Parikh was encouraged after the company's quarterly results on Monday, which showed a smaller-than-expected quarterly loss. "In addition, we view high short interest and continued investor skepticism towards the company's ability to deliver on longer-term targets as positives to the FRPT bull case." The analyst added that the company's progress toward profitability will help sustain the firm's bullish outlook on Freshpet stock, as well as protecting from investor short interest. "Based on our conversations, we believe FRPT remains under-owned and investors continue to be skeptical on management's ability to deliver on longer-term targets (short interest ~15.9% of float)," he said.

Persons: Oppenheimer, Rupesh Parikh, Parikh, Freshpet, — CNBC's Michael Bloom Organizations: Freshpet

☆ Oppenheimer downgrades this cosmetics stock, says gains will be harder to come by
▼ + stars: | 2023-06-05 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

Oppenheimer thinks Estee Lauder will have trouble meeting Wall Street's high expectations. The firm downgraded the luxury cosmetic stock to perform from outperform on Monday and removed its $250 price target. The stock closed at $188.29 per share on Friday. Parikh added that Oppenheimer expects further caution on forward guidance from company management in the future, although the company could still recover over a longer period thanks to its market prominence. Last month, the stock tanked 17% after Estee Lauder posted weaker-than-expected earnings for the fiscal third quarter.

Persons: Oppenheimer, Estee Lauder, Wall, Rupesh Parikh, Estée Lauder, Michael Bloom

☆ Target's potential return to pre-pandemic levels is what to focus on
▼ + stars: | 2023-02-28 | 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 EmailTarget's potential return to pre-pandemic levels is what investors should focus onOppenheimer's Rupesh Parikh explains what to expect from Target earnings.

☆ Kroger Pauses Buybacks to Prioritize Debt Reduction After Albertsons Deal Closes
▼ + stars: | 2022-10-14 | by ( Kristin Broughton | ) www.wsj.com time to read: +4 min

The blockbuster transaction comes amid a slowdown in deal making, economic uncertainty and concerns among investors about companies that carry high levels of debt. Cincinnati-based Kroger said Friday that it will pay for the $24.6 billion deal with cash and proceeds from a new debt financing. The company secured a 364-day, $17.4 billion bridge loan from Citigroup Inc. and Wells Fargo & Co., it said in a securities filing. Kroger will temporarily pause buybacks with the goal of giving priority to debt reduction after the transaction closes, the company said Friday. The company on Friday didn’t say what its leverage ratio will be after the transaction closes.

☆ Chewy is at an 'attractive entry point' after its stock pullback this year, Oppenheimer says
▼ + stars: | 2022-10-07 | by ( Sarah Min | ) www.cnbc.com time to read: +1 min

It's time to buy Chewy at an attractive entry point, according to Oppenheimer. Shares of Chewy are down roughly 36% this year, underperforming the 21% decline in the S & P 500 over the same time period. "We believe the recent pullback represents an attractive entry point for longer-term players," Parikh wrote in a Thursday note. Oppenheimer's $42 price target represents about 10% upside from Thursday's closing price of $37.94. "We expect a volatile trade to continue from here and would take advantage of any potential dips," Parikh wrote.

☆ Costco Not Ready to Cut Prices as Shipping, Commodities Costs Fall
▼ + stars: | 2022-10-06 | by ( Jennifer Williams-Alvarez | ) www.wsj.com time to read: +7 min

Richard Galanti, Costco Wholesale CFO Photo: Costco Wholesale Corp.“It takes time for changes to come through,” Mr. Galanti said. A company’s freight costs vary depending on whether they are fixed by contract for a period of time or based on spot-market rates that can change more quickly. The length of contracts as well as the company’s ability to renegotiate the terms of its agreements also affect the retailer’s freight costs, he said. These cost pressures will persist, as wages don’t tend to come down once they have gone up, Mr. Galanti said. Price increases have also hit food court items such as individual sodas and whole pizzas because of rising costs, Mr. Galanti said earlier this year.

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