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Analyst Scot Ciccarelli upgraded the retailer to buy from hold and raised his price target by $6 to $86. — Alex Harring 6: 22 a.m.: Here's what Wall Street thinks of Coinbase's earnings Coinbase's stronger-than-expected earnings have prompted analyst reactions. Barclays' Benjamin Budish (underweight, $179 price target unchanged, 21.8% downside): "The biggest question going forward is, how sustainable are these trends? — Alex Harring 6:12 a.m.: Wall Street reacts to Apple earnings Apple's buyback announcement has caught the eye of Wall Street analysts. Analyst Benjamin Nolan upgraded the railroad stock to buy from hold and increased his price target by $19 to $267.
Persons: Morgan Stanley, Jefferies, Bernstein, Aneesha Sherman, Sherman, — Alex Harring, Truist, Scot Ciccarelli, Ciccarelli, Ollie's, Estee Lauder, Dara Mohsenian, Mohsenian, Alex Harring, FactSet, Coinbase, what's, , Goldman Sachs, Will Nance, Benjamin Budish, Oppenheimer's Owen Lau, JPMorgan's Samik Chatterjee, Morgan Stanley's Erik Woodring, Michael Ng, bullish, George Notter, Notter, We've, it's, Stifel, Benjamin Nolan, Nolan, — Alex Harring —, Michael Bloom Organizations: CNBC, Arista and Union Pacific, Apple, Arista, FactSet, Barclays, Bloomberg, ASU, Street, Services, Jefferies, Arista Networks, Nvidia, Microsoft, Meta, Pacific, Union Pacific Locations: F3Q, China, Thursday's
Hershey — Shares of the chocolate confectionary maker added about 1% after Hershey posted a first-quarter earnings beat. Hershey's $3.25 billion revenue also beat the $3.11 billion consensus. Amgen — Shares soared 13% after the biotech firm posted a first-quarter earnings and revenue beat. Cloudflare — The stock continued to sink, plunging 12% after reporting weak full-year guidance, although Cloudflare posted a first-quarter earnings and revenue beat. However, Coinbase's first-quarter revenue of $1.64 billion beat the $1.34 billion consensus, according to LSEG.
Persons: Hershey, LSEG, Apple, Eli Lilly, Cloudflare, Expedia, Piper Sandler, Fortinet, FactSet, Jefferies, Coinbase's, Benjamin Nolan, — CNBC's Brian Evans, Michelle Fox, Hakyung Kim, Tanaya Macheel Organizations: Hershey —, Apple, Novo Nordisk, BMO Capital Markets, Revenue, Arista Networks, Arista, LSEG . Union Pacific, JPMorgan Locations: billings, LSEG, Stifel
It's time to buy Chart Industries as the clean energy play gathers momentum, Stifel said. This comes after Stifel hosted Chart Industries CEO Jill Evanko at its own conference. GTLS 1D mountain Chart Industries shares 1-day Those bullish comments are partly driven by Chart Industries' recent acquisition of Howden , a maker of air and gas products, earlier this year. "With a 40% capture rate, which they expect, this potentially presents $320 million for the next 12 months," Nolan wrote. Additionally, Chart Industries should benefit from strong and growing demand, especially as the government ramps up spending in clean energy technology.
Persons: Stifel, Benjamin Nolan, Nolan, Jill Evanko, — CNBC's Michael Bloom Organizations: Industries Locations: Howden
April 6 (Reuters) - U.S. liquefied natural gas (LNG) developer Tellurian Inc (TELL.A) will sell 800 acres of land in Louisiana for $1 billion to an undisclosed institutional investor, the company said on Thursday. He added that the lease would create a 40-year liability of $87.5 million annually that would escalate by 3% yearly. The Driftwood project has seen many setbacks including the cancellation of some LNG supply deals after two major potential customers last year raised concerns around the company's ability to finish the project. The project, which received regulatory approvals in January to begin construction, is expected to produce 27.6 million tonnes per annum of LNG when ready. The deal disclosed on Thursday is contingent on several factors including Driftwood LNG LLC, Tellurian's subsidiary, securing financing commitments for Phase 1 of the project on terms satisfactory to the buyer.
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