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Search resuls for: "Steve Powers"


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Deutsche Bank says the overselling in Kenvue stock could present an attractive entry point for investors. The firm upgraded shares of the Johnson & Johnson spinoff to buy in a Sunday note, albeit with an unchanged $27 per share price target. Deutsche Bank's forecast implies nearly 27% upside from Friday's $21.30 close. Kenvue stock has slipped more than 15% since going public in May. KVUE YTD mountain Kenvue stock has slipped more than 15% since May.
Persons: Johnson, J, Steve Powers, Powers, — CNBC's Michael Bloom Organizations: Deutsche Bank, Deutsche, KVUE
JPMorgan Chase and Citigroup, as well as Delta Air Lines are slated to post their latest quarterly results. Expectations for this earnings season are downbeat, with analysts forecasting a roughly 7% year-over-year drop, FactSet data shows. Thursday PepsiCo is set to report earnings before the bell, followed by a conference all at 8:15 a.m. Delta Air Lines is set to report earnings in the premarket, and management is slated to hold a call at 10 a.m. Friday JPMorgan Chase is set to report earnings before the market open, followed by a call at 8:30 a.m.
Persons: bode, Steve Powers, DAL, Leslie Josephs, JPMorgan Chase, JPM, Hugh Son, Wells Fargo, Wells, — CNBC's Michael Bloom Organizations: JPMorgan Chase, Citigroup, Delta Air Lines, PepsiCo, Federal Reserve, CNBC, Deutsche Bank, PepsiCo —, Investment Group, FactSet, JPMorgan, Management Locations: America, U.S, Wells
Buy shares of Estee Lauder as China starts to ease Covid restrictions, according to Deutsche Bank. Analyst Steve Powers upgraded shares to buy from hold, saying the higher likelihood Beijing will ease Covid restrictions in March or April raises confidence in the stock. Shares of Estee Lauder came under pressure this year as the beauty company with a high exposure to China dealt with the country's strict Covid restrictions. The analyst expects that Estee Lauder's China business will recover after struggling in 2022. Estee Lauder is expected to have three additional distribution centers over the next half year, with one already open in Guangzhou, according to the note.
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