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Sure Nvidia , the leading artificial intelligence play, has rallied 17% in the third quarter. But little Chicago-based Telephone & Data Systems — the parent of U.S. Cellular, with a market value just 0.18% of Nvidia's — has far and away scored the biggest stock market gain this quarter, soaring 161%. That's the largest advance of all the stocks in the S & P 500, S & P Midcap 400 and S & P 600 small-cap indexes — combined. The other 17% of U.S. Cellular is publicly traded and has risen a similar amount to TDS this quarter. TDS NVDA,GOOGL,.SPX mountain 2023-06-30 Telephone & Data Systems vs Nvidia, Alphabet and S & P 500 since June 30, 2023 To say Telephone & Data Systems is marked by humble beginnings is an understatement.
Persons: , FactSet, Leroy Carlson, JPMorgan's Philip Cusick, Cusick, Carlson, Michael Bloom Organizations: Big Tech, Nvidia, Data Systems, U.S . Cellular, Wall, TDS, U.S, Cellular, USM, Verizon, Mobile U.S Locations: Chicago, U.S, Wisconsin
Despite a mixed fiscal third-quarter report, Wall Street analysts are positive on Disney going forward. Morgan Stanley's Benjamin Swinburne maintained an overweight rating with a $105 per share price target, or 20% upside from Wednesday's close. JPMorgan's Philip Cusick similarly reiterated an overweight rating with a $125 per share price target on Disney, which implied upside of 43%. Goldman Sachs' Brett Feldman, meanwhile, has a buy rating on Disney stock with a price target of $128 per share, or 46% upside from Wednesday's close. Citi's Jason Bazinet reiterated a buy rating on Disney stock accompanied by a $125 per share price target.
Persons: Morgan Stanley's Benjamin Swinburne, Swinburne, JPMorgan's Philip Cusick, " Cusick, Goldman Sachs, Brett Feldman, Jessica Reif Ehrlich, Bob Iger's, Ehrlich, Jason Bazinet, Disney's, Michael Bloom Organizations: Wall Street, Disney, DIS, Media, ESPN . Bank of America, ESPN Bet
Disney's stock may be getting ahead of itself after the return of legendary CEO Bob Iger, according to JPMorgan. Shares of the media giant rallied after the Sunday night announcement that Iger was replacing Bob Chapek , his former successor. Wall Street analysts largely cheered the move, with MoffettNathanson upgrading Disney to outperform from market perform . "We like Disney shares long-term, and advised to buy the recent selloff on the numbers flush, but are reluctant to recommend chasing shares here (currently up ~8%). JPMorgan still has an overweight rating and a price target of $135 per share for Disney.
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