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Search resuls for: "Labarta"


2 mentions found


Oppenheimer downgraded Home Depot and Lowe's to perform from outperform, cutting its price targets on both names. On a more upbeat note, Goldman Sachs upgraded Brazilian payments stock StoneCo, calling for more gains ahead after a strong 2023. "While lululemon's fundamentals are undoubtedly best-in-class, we do not see the valuation as compelling enough for us to recommend investors buy at current share price levels." Oppenheimer's forecast implies roughly 5% downside moving forward for Home Depot stock and 5% upside for Lowe's. Shares of Home Depot have added 5% so far this year while Lowe's stock has slipped more than 1%.
Persons: Oppenheimer, Lowe's, Goldman Sachs, Hunt, Thomas Wadewitz, Brian Evans, Morgan Stanley, Morgan Stanley's, Lisa De Neve, — Brian Evans, Lululemon, LULU 1Y, Anne, Laure Bismuth, Brian Nagel, Tito Labarta, Labarta, — Fred Imbert Organizations: CNBC, UBS, HSBC downgrades, HSBC, Lowe's, Home Depot Locations: Hunt, J.B, LULU, Brazil
Brazilian financial services company Inter is getting serious about profitability, and investors should jump in stock before shares rise, according to Goldman Sachs. Labarta said the Brazilian company has grown increasingly focused on profitability with a more thoughtful approach to growth, pricing and efficiency. He expects a small net profit in 2024 as, according to Labarta, the company will feel less impacts from inflation. He also highlighted the 5-year 30% return-on-equity target, which Labarta said is above his expectations but on the right track. The stock lost 4.1% in 2022, which was its first year on the stock market.
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