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The firm upgraded shares to neutral from sell in a Wednesday note, and slightly increased its target price to $5.50 from $5. The firm upgraded the offshore drilling company to overweight from equal weight in a Thursday note and raised its price target to $106 from $84. The bank reiterated a buy rating on Disney with a $120 per share price target, or about 42% upside from Wednesday's $84.50 close. Bank of America's Jessica Reif Ehrlich also reiterated a buy rating on Disney, albeit with a $110 per share price target, which implies more than 30% upside. The bank initiated coverage of the electric vehicle giant with a reduce rating accompanied by a $146 per share price target.

Persons: Goldman Sachs, Ygal Arounian, — Brian Evans, Bud Light, Carlos Laboy, BUD, Brian Evans, EBITDA, Stephanie Yee, Parker, Banks, Parker Hannifin, Nicole DeBlase, Eddie Kim, Brett Feldman, Bank of America's Jessica Reif Ehrlich, Bob Iger's, Michael Montani, Greg Melich, — Fred Imbert, Tesla, Michael Tyndall Organizations: CNBC, Tesla, HSBC, ISI, Analysts, Citi, Anheuser, Busch InBev HSBC, Busch InBev, Middle America, InBev, BUD, JPMorgan, Montrose Environmental, Deutsche Bank, Barclays, Disney, Bank of America's Locations: China, U.S, North America, Montrose, 3Q23, EBITDA, Valaris

☆ Here are Monday's biggest analyst calls: Nvidia, Apple, Amazon, BJ's, Ferrari, Disney, Birkenstock & more
▼ + stars: | 2023-11-06 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Here are Monday's biggest calls on Wall Street: KBW upgrades Bank of America to market perform from underperform KBW upgraded the banking giant with long-term rates declining. Bank of America downgrades Paramount to underperform from buy Bank of America said the backdrop is too challenging for the media stock. Bank of America reiterates Nvidia as buy Bank of America said it's bullish on the stock heading into earnings later this month. Goldman Sachs initiates Birkenstock as buy Goldman initiated the shoe company with a buy and said Birkenstock shares are compelling. Bank of America reiterates Apple as neutral Bank of America said it's sticking with its neutral rating on shares of Apple .

Persons: KBW, Mizuho, it's, BILI, Lee jeans, it's bullish, Goldman Sachs, Goldman, EBITDA, Raymond James downgrades Bloomin, Raymond James Organizations: Bank of America, Underperform, Corp, Deutsche Bank, Deutsche, Mizuho, TAM, UBS, Amazon, Citi, Disney, " Bank of America, Paramount, Barclays, Nvidia, AMD, Dominion, Biotech, JPMorgan, HSBC, RBC, Apple, of America Locations: China, FY24E, CLX, Russia, Ukraine

☆ Safilo posts 20% drop in adj. core profit as Europe, North America weighs
▼ + stars: | 2023-11-03 | by ( ) www.reuters.com time to read: +1 min

Safilo logo and stock graph are seen in this illustration taken, May 1, 2022. REUTERS/Dado Ruvic/Illustration/File photo Acquire Licensing RightsNov 3 (Reuters) - Italian eyewear group Safilo (SFLG.MI) on Friday reported adjusted core profit at 18.1 million euros in the quarter, down 20% year-on-year, due to declining sales in former GrandVision chains in Europe and by weakness in the North American market. The Padua-based firm said net sales for the July to September period were 235 million euros ($252.20 million), compared to 260.4 million a year earlier. Safilo, which makes eyewear for brands such as Hugo Boss and Tommy Hilfiger, also extended Chief Executive Angelo Trocchia's mandate for additional three years. ($1 = 0.9318 euros)Reporting by Romolo Tosiani; editing by David EvansOur Standards: The Thomson Reuters Trust Principles.

Persons: Dado Ruvic, Hugo Boss, Tommy Hilfiger, Angelo Trocchia's, Romolo, David Evans Organizations: REUTERS, Thomson Locations: Europe, Padua

Lufthansa reported third-quarter adjusted earnings before interest and tax (EBIT) of 1.47 billion euros ($1.56 billion), up 31% year-on-year and slightly above average expectations for 1.43 billion in an analyst consensus published on the company's website. Lufthansa said bookings for the fourth quarter were up by double-digit percentages year-on-year. Costs were 0.9% lower than the same quarter last year despite rising inflation, while net profits were at 1.2 billion euros. Next year, Lufthansa expects the amount of seating capacity available to fliers to increase further to around 95% of pre-pandemic levels. Capacity will increase to 91% of pre-pandemic levels in the fourth quarter, they said.

Persons: Carsten Spohr, Bernstein, Alex Irving, Maria Sheahan, Joanna Plucinska, Kirsti Knolle Organizations: Lufthansa, Thomson Locations: BERLIN

☆ GSK lifts annual forecasts on strong launch of RSV vaccine
▼ + stars: | 2023-11-01 | by ( Eva Mathews | ) www.reuters.com time to read: +3 min

Arexvy, launched in the United States recently, recorded third quarter sales of 709 million pounds ($862 million), trouncing analysts' expectations of 358 million pounds, according to a company-compiled consensus. GSK accounts for close to two-thirds of RSV shots given in the United States since early September, according to IQVIA data. Full-year sales are seen between 900 million pounds and 1 billion pounds for the shot, GSK said. The company faces about 79,000 cases related to Zantac in the United States, with 73,000 of them in Delaware and scheduled for trial starting January 2024. For the third quarter, Shingrix, the company's top-selling drug for shingles, generated 825 million pounds in sales.

Persons: Dado Ruvic, Abrysvo, Dani Saurymper, Emma Walmsley, Eva Mathews, Maggie Fick, Tomasz Janowski, Mark Potter Organizations: GSK, GlaxoSmithKline, REUTERS, stg, CVS, Pfizer, Pacific Asset Management, GSK's, Thomson Locations: London, United States, U.S, Europe, Japan, Delaware, Bengaluru

☆ Here are Tuesday's biggest analyst calls: Tesla, SoFi, Pinterest, Roku, Boeing, Apple, Shopify, Chewy and more
▼ + stars: | 2023-10-31 | by ( Michael Bloom | ) www.cnbc.com time to read: +9 min

Baird downgrades ON Semiconductor to neutral from outperform Baird said it sees "pricing pressures" for the semiconductor maker. Morgan Stanley upgrades Chewy to overweight from equal weight Morgan Stanley said in its upgrade of the stock that share sell-off is overdone. " Morgan Stanley upgrades SoFi to equal weight from underweight Morgan Stanley said the risks to SoFi are more than priced in. Morgan Stanley initiates Celsius Holdings as equal weight Morgan Stanley said in its initiation of the stock that it sees a balanced risk/reward. Northcoast upgrades Boeing to buy from neutral Northcoast said in its upgrade of Boeing that it sees a "more promising long term earnings horizon."

Persons: Wells Fargo, Bernstein, Goldman Sachs, it's, Baird, Rowe Price, Tesla, Piper Sandler, Wells, Morgan Stanley, CHWY, Guggenheim, Tourmaline, AutoNation, Jefferies, underperform Jefferies, MoffettNathanson, D.A, Davidson, Northcoast, ABG, Wolfe, Phillips, PSX Organizations: Wells, MARA, Apple, Semiconductor, Citi, TROW, Deutsche Bank, Bank of America, of America, 4Q, Arista Networks, TAM, Lincoln Electric, Seaport, Guggenheim, JPMorgan, Susquehanna, WSM, D.A, Disney, Boeing, Boeing Company, Asbury Automotive Locations: Williams, Sonoma, CELH

☆ Here are Friday's biggest analyst calls: Apple, Intel, Rivian, ResMed, Amazon, Enphase, Southwest & more
▼ + stars: | 2023-10-27 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

JPMorgan initiates TKO Group as overweight JPMorgan said the WWE and UFC combo company is a "sports champion." Bank of America downgrades Hasbro to neutral from buy Bank of America downgraded the toymaker after its earnings report on Thursday. " HSBC upgrades Intel to hold from sell HSBC upgraded Intel after its earnings report on Thursday. TD Cowen downgrades Southwest to market perform from outperform TD downgraded the stock after its "tough" earnings report on Thursday. " Goldman Sachs reiterates Amazon as buy Goldman said the stock remains attractive after its earnings report Thursday.

Persons: Cantor Fitzgerald, Rivian, Cantor, Stifel, we've, JPMorgan, Morgan Stanley, Piper Sandler downgrades, Piper, Guggenheim, Raymond James, Roblox, TD Cowen, TD Cowen downgrades Hershey, it's bullish, Wells, Goldman Sachs, Goldman Organizations: Dominion, WWE, UFC, " Bank of America, Hasbro, Bank of America, Products, Energy, JPMorgan, HSBC, Intel, Inc, Deutsche Bank, Deutsche, Griffon Corp, Management, Hershey, BMO, Merck, Citi, Cisco, JPMorgan downgrades, Apple, of America

☆ Whitbread's profits jump as Premier Inn-owner enjoys steady demand
▼ + stars: | 2023-10-18 | by ( Eva Mathews | ) www.reuters.com time to read: +2 min

Shares in the British company, originally a brewer, were up 3.5% to 3,437 pence by 0737 GMT to lead London's blue-chip (.FTSE) index. Leisure and business demand are showing signs of staying, Paul said, adding forward-booked revenue was ahead of last year. Whitbread, which owns restaurant chains such as Bar+Block Steakhouse and Brewers Fayre has also seen signs of food inflation easing. The company announced a further 300 million pound share buyback on Wednesday and proposed an interim dividend per share of 34.1 pence, up 40% on last year. ($1 = 0.8193 pounds)Reporting by Eva Mathews in Bengaluru; editing by Subhranshu Sahu and Jason NeelyOur Standards: The Thomson Reuters Trust Principles.

Persons: Lee Smith, WTB.L, Dominic Paul, Paul, Whitbread, Hargreaves, Derren Nathan, Brewers Fayre, Eva Mathews, Subhranshu Sahu, Jason Neely Organizations: Premier Inn Hotel, Brewers, REUTERS, H1, Whitbread, Inn, Thomson Locations: Durham, County Durham, Britain, British, Germany, Bengaluru

☆ Italy's Prysmian sees core profit rising 34% by 2027 under new strategy
▼ + stars: | 2023-10-05 | by ( ) www.reuters.com time to read: +2 min

This will help it increase its adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) to around 2 billion euros ($2.1 billion) in 2027, from 1.49 billion euros last year, Prysmian said in a statement. Milan-listed shares in the company were up 2.6% by 0730 GMT, among the best performers within Italy's blue chip basket (.FTMIB). "Prysmian is uniquely placed to benefit from the opportunities presented by the structural changes arising from the convergence of the energy transition and digital transformation," Chief Operating Officer Massimo Battaini said in a statement. Annual cash flow is seen growing to between 0.9 billion and 1 billion euros in 2027 from 559 million euros last year. "Targets to 2027 are ambitious and above our estimates," Equita analyst Luigi De Bellis said in a note.

Persons: Battaini, Battista, Prysmian, Massimo Battaini, Valerio Battista, Luigi De Bellis, Giulio Piovaccari, Gianluca Semeraro, Sonali Paul, Michael Perry Organizations: Company, Cable, Thomson Locations: MILAN, Netherlands, Milan

☆ Here are Friday's biggest analyst calls: Netflix, Apple, Walmart, Arm, Ralph Lauren, Wells Fargo and more
▼ + stars: | 2023-09-22 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Deutsche Bank reiterates Wells Fargo as buy Deutsche Bank said it's standing by its buy rating on the stock. " BTIG initiates Instacart as neutral BTIG initiated the stock with a neutral rating mainly on valuation. Raymond James initiates Ralph Lauren as outperform Raymond James said in its initiation of Ralph Lauren that it has "strengthening direct-to-consumer." Oppenheimer reiterates Netflix as outperform Oppenheimer lowered its price target on the stock but said it's standing by its outperform rating on shares of Netflix. "Following CFO comments at competitor conference, we are lowering '24E/'25E margins and reducing target to $470 from $515, but maintaining Outperform rating on revenue outlook."

Persons: Goldman Sachs, it's, Meta's, Raymond James, Ralph Lauren, Wells, Wells Fargo, Oppenheimer, Morgan Stanley, XOM, Jefferies, Chris Rolland, downgrades Deere, Canaccord, Bernstein, underperform Bernstein Organizations: Constellation Brands, Deutsche Bank, WFC, Citi, Meta Citi, Meta's, Meta, CART, Bank of America, Apple, of America, Boeing, Communications, Cable, UBS, Netflix, Jefferies, Susquehanna, Semiconductor, Deere, HSBC, Walmart, Procter, Gamble, Procter & Gamble Locations: China, EBITDA

☆ This image sharing platform can jump more than 30% as it improves user engagement, analysts say in upgrades
▼ + stars: | 2023-09-20 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

Pinterest is a buying opportunity for investors as it makes progress improving user engagement and monetization, Citi says. Citi analyst Ronald Josey upgraded shares to buy/high risk after coming out of the Analyst Day more confident the Pinterest can turn its business around. Pinterest shares popped 4.2% in Wednesday premarket trading. Citi was not the only Wall Street firm to upgrade Pinterest shares Wednesday. Davidson's Tom Forte raised his rating to buy from neutral after the company's latest analyst day spurred him to raise his forecasts.

Persons: Ronald Josey, Josey, Davidson's Tom Forte, Forte, — CNBC's Michael Bloom Organizations: Citi Locations: D.A

☆ Here are Wednesday's biggest analyst calls: Apple, IBM, Disney, Amazon, Instacart, Nike, Boeing and more
▼ + stars: | 2023-09-20 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

Here are the biggest calls on Wall Street on Wednesday: Morgan Stanley reiterates Apple as overweight Morgan Stanley said its iPhone survey checks show that China is a "bright spot." Needham initiates On Holding as buy Needham said the shoe manufacturer is one of the "fastest growth stories" in retail. Needham initiates Lululemon as buy Needham said in its initiation of Lululemon that it has "superior growth characteristics." Morgan Stanley downgrades Zebra Holdings to underweight from equal weight Morgan Stanley said the turnaround is taking longer than expected for the computer printing tech company. Morgan Stanley reiterates Amazon as overweight Morgan Stanley said Amazon's Tuesday announcement of seasonal hires is a "bullish leading indicator for expected continued retail share gains."

Persons: Morgan Stanley, Apple, Needham, Lululemon, Oppenheimer, Chewy, Bernstein, SVB, Jefferies, Instacart, Rosenblatt, Sonos, Goldman Sachs, Morgan Stanley downgrades nCino, it's, D.A, Davidson, Wedbush Organizations: Apple, UBS, Nike, Microsoft, RBC, IBM, JPMorgan downgrades, JPMorgan, Boeing, Citi, Citizens, FDIC, Health, America, Azul, Holdings, UW, " Bank of America, Disney, Bank of America, DIS Locations: China, SVB, U.S, Germany, Great Britain, France

☆ Stocks like Microsoft offer 'double digit growth' ahead thanks to AI, Wall Street analysts say
▼ + stars: | 2023-09-16 | by ( Michael Bloom | ) www.cnbc.com time to read: +5 min

Analysts say these stocks have double-digit growth potential and investors should buy shares now. They include: Microsoft, Wayfair, Pearson and Broadcom. Davidson admitted that the home category is displaying some degree of uncertainty, but Forte says he has confidence in Wayfair management's ability to deliver. In addition, Pearson's three emerging businesses, including Pearson+, English Language Learning and Workforce Solutions, are poised to "demonstrate double-digit growth," he said. Emerging businesses demonstrate double-digit growth, backed by cash flows from the core A & Q business."

Persons: Wayfair DA Davidson, Tom Forte, Davidson, Forte, Pearson, Morgan Stanley, Luke Holbrook, Morgan Stanley's, Holbrook, Cody Acree, Acree, DA Davidson, AVGO Organizations: CNBC, Microsoft, Wayfair, Pearson, Broadcom, Solutions, Nvidia, Citigroup, Benchmark, Data Center

☆ Recent weakness in this energy company's shares offer an 'attractive' entry point, BMO says
▼ + stars: | 2023-09-14 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

The recent pullback in First Solar shares has created an attractive entry point, according to BMO Capital Markets. Analyst Ameet Thakkar upgraded shares to outperform from market perform. "FSLR stock has declined by an unwarranted degree following its recent Analyst Day in our view. Underperformance has accelerated since the company's positive analyst day on Sept. 7, with the stock losing about 5% since. BMO views First Solar as a winner under the Inflation Reduction Act, which it believes will help the company's earnings power.

Persons: Ameet, Thakkar, Underperformance, — CNBC's Michael Bloom Organizations: BMO Capital Markets, BMO, U.S, PTC Locations: Wednesday's

☆ Alibaba and more: CLSA names 3 of the ‘cheapest AI plays’ worldwide — giving two over 50% upside
▼ + stars: | 2023-09-13 | by ( Amala Balakrishner | ) www.cnbc.com time to read: +2 min

"The U.S. could account for some 55% (of the growth), but China is likely to be the world's second largest AI market with over 6% share. Computing power serves as the foundation for AI development and ByteDance, Tencent, Alibaba and Baidu, as a group are the world's second largest buyers of AI chips (12%)," they added. A key driver will be AI cloud services, they said . Stock picks CLSA named Baidu , Alibaba and Tencent as the "cheapest AI plays" that will "lead China's AI innovation." "Alibaba, Baidu and Tencent are trading at only 8.8x, 13.1x and 15.6x 24 [months] adj[usted] P/E (price-to-earnings) which only reflect the value of their traditional businesses.

Persons: CLSA, Stock, — CNBC's Michael Bloom Organizations: Baidu, International Data Corporation, Inspur, Tsinghua University, Hong Locations: U.S, China, Hong Kong

☆ Jefferies says this home appliance stock can soar more than 90% on strong brand growth
▼ + stars: | 2023-09-11 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

Jefferies thinks SharkNinja's brand recognition can help the stock nearly double in value. The firm initiated coverage of SharkNinja with a buy rating on Monday with a $67 per-share price target. SN YTD mountain SharkNinja stock. Analyst Randal Konik highlighted the company's growing market share and its "best-in-class" range of products, and said SharkNinja will broaden into other segments. "We expect SN to maintain and slightly improve its industry-leading margins through operating leverage," the analyst said.

Persons: Jefferies, Randal Konik, SharkNinja, Konik, Michael Bloom

Are higher rates going to lead to some slow down in conjunction with the dwindling of excess consumer savings," said Lefkowitz, who also cited concerns about high valuations in equities. The Dow Jones Industrial Average (.DJI) rose 75.86 points, or 0.22%, to 34,576.59, the S&P 500 (.SPX) gained 6.35 points, or 0.14%, to 4,457.49 and the Nasdaq Composite (.IXIC) added 12.69 points, or 0.09%, to 13,761.53. For the week, which was shortened by Monday's Labor Day holiday, the S&P 500 fell 1.3%, while the Nasdaq lost 1.9% with both snapping two weeks of gains. After losing 2.9% in two sessions, the S&P 500 technology sector (.SPLRCT) closed higher. The S&P 500 posted 13 new 52-week highs and 17 new lows; the Nasdaq Composite recorded 36 new highs and 229 new lows.

Persons: David Lefkowitz, Lefkowitz, Brendan McDermid, Phil Blancato, Ladenburg, John Williams, Lorie Logan, Ryan Cohen, Sinéad Carew, Chuck Mikolajczak, Gertrude Chavez, Dreyfuss, Shristi, Arun Koyyur, Vinay Dwivedi, David Gregorio Our Organizations: Gilead Sciences, Kroger, Dow, Nasdaq, Index, UBS Global Wealth Management, Dow Jones, Monday's Labor, Apple, New York Stock Exchange, REUTERS, Asset Management, York Fed, Dallas, BofA Securities, GameStop, U.S . Securities, Exchange Commission, NYSE, Thomson Locations: Beijing, New York City, U.S, New York, Bengaluru

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., August 15, 2023. U.S. Treasury yields edged lower on Friday, helping boost major growth stocks, with Microsoft (MSFT.O) leading gains, up 1.9%, and Meta Platforms (META.O) advancing nearly 1%. The S&P 500 information technology (.SPLRCT) sector rose 0.6% while energy stocks (.SPNY) rose 1.3% to their highest level in over seven months, tracking an uptick in crude prices. Advancing issues outnumbered decliners by a 1.64-to-1 ratio on the NYSE and by a 1.01-to-1 ratio on the Nasdaq. The S&P 500 recorded 13 new 52-week highs and 14 new lows, while the Nasdaq posted 31 new highs and 160 new lows.

Persons: Brendan McDermid, Morgan Stanley, Phil Blancato, Ladenburg, John Williams, Lorie Logan, Ryan Cohen, Shristi Achar, Arun Koyyur, Vinay Dwivedi Organizations: New York Stock Exchange, REUTERS, Gilead Sciences, Kroger, Dow, Nasdaq, Apple, Microsoft, Treasury, Wall, Federal Reserve, Index, Federal, Asset Management, FedWatch, New York Fed, Dallas, Dow Jones, BofA Securities, GameStop, U.S . Securities, Exchange Commission, NYSE, Thomson Locations: New York City, U.S, Beijing, Bengaluru

☆ Goldman says these stocks have the most upside, even as markets become choppy
▼ + stars: | 2023-08-19 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

The firm named a list of buy-rated stocks that it says are well positioned to withstand choppy markets. The firm said it sees "upside in [the] face of improving industry trends" after AppLovin's strong second-quarter earnings report earlier this month. Both continue to enjoy double-digit subscription revenue growth year over year, he said. Gartner "2Q beat, as healthy Research CV growth and margin upside should offset muted tech vendor trends to drive valuation upside. … We continue to see attractive valuation upside at Gartner following 2Q results, which outperformed our estimates and consensus on revenue, EBITDA margins & EPS."

Persons: Goldman Sachs, Eric Sheridan, he's, Sheridan, Lizzie Dove, Cedar's, George Tong, Tong, Archer, Gartner, … Gartner, …, Phillips Organizations: CNBC, Cedar Fair, Investments, Gartner, adv, The League, 2Q, Consulting, Refining, Chemicals, & & Locations: Gartner, Sheridan, Ohio

☆ How Hip-Hop Changed the English Language Forever
▼ + stars: | 2023-08-11 | by ( Miles Marshall Lewis | ) www.nytimes.com time to read: +16 min

We unpacked five words — dope, woke, cake, wildin’ and ghost — that show rap’s unique linguistic influence. Please import it manually on src/routes/(pages)/$PAGE/+page.svelte and add it to the body loop referencing a name on the Google Doc. Please import it manually on src/routes/(pages)/$PAGE/+page.svelte and add it to the body loop referencing a name on the Google Doc. Please import it manually on src/routes/(pages)/$PAGE/+page.svelte and add it to the body loop referencing a name on the Google Doc. Please import it manually on src/routes/(pages)/$PAGE/+page.svelte and add it to the body loop referencing a name on the Google Doc.

Persons: vibrancy, Dave, — Slick Rick, “, ”, �, Homer Simpson, Rihanna, “ FourFiveSeconds ”, wilding, Erykah Badu, Megan Thee, Spoonie Gee, Lil Wayne, Spivey’s, “ It’s, Pharrell Williams, Shameik Moore, Zoë Kravitz, ” “, Lana Del Rey, Joe, Marcus Garvey, Lauryn Hill, Marcus Garvey intoned, Ramblin ’ Thomas, William Melvin Kelley’s, presciently, Badu’s, repopularized “, Badu, ” — Childish Gambino, “ Redbone ”, Donald J, Kendrick Lamar’s, Joey Bada, Lil Durk’s, Ron DeSantis, Elon Musk, Sir, they’ve, Munch, Red’s, ” Megan Thee, Patty, Nicki Minaj, “ Heard, Jay, Stackin, Al Pacino, Tony Montana, Morton, wildin, illin, killin, “ Buck Whylin ’, Chuck D, “ Buck Whylin ’ ”, Tonya Harding, Nick Cannon’s, “ wilding ”, Barry Michael Cooper, “ Wilding, Donald Trump’s, Wildin, “ Stylin, — Bruno Mars, Greg Nice, “ Swayze, Patrick Swayze’s, Guy, ghosting, Glock, I’m Swayze, Jared Seay Organizations: Daily News, src, Google, Oxford English, Queens, MTV, New York Times, Trump, Republican, Hulu, WAP, raunch, “, Morton Music, Public, The Daily News, Central Park, Oxford, ”, Adidas, Royce Locations: Oxford, Ethiopia, Africa, Florida, America, U.S

☆ Morgan Stanley says stay away from Carvana as used-car seller still has a lot to prove
▼ + stars: | 2023-08-11 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

Although Carvana raised its guidance for the third quarter, Morgan Stanley still sees a shaky path forward for the used-car retailer. "Significant challenges remain with respect to the used car consumer and the viability of CVNA's long term business model," Jonas wrote in the note. "Even considering our expectation of continued recovery in the business and less bearish views on the used car market, the stock's reward-skew and downside to PT keeps us UW." Carvana shares got crushed last year, losing more than 97% as higher prices for used cars pressured the company. Still, Carvana "has a lot to prove, in our view," according to Jonas.

Persons: Carvana, Morgan Stanley, Adam Jonas, Jonas Organizations: UW Locations: FactSet, Manheim

☆ Morgan Stanley says buy this under-the-radar Israeli fabric printing stock
▼ + stars: | 2023-08-10 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

Morgan Stanley thinks Wall Street overreacted to Kornit Digital's latest revenue guidance, and shares in the Israeli fabric printing company now present a favorable buying opportunity. Morgan Stanley's forecast implies more than 30% upside from Wednesday's $22.23 close. Kornit Digital shares are 6.6% higher in 2023 after climbing more than 10% early Thursday. KRNT YTD mountain Kornit Digital stock has shed 3.2% from the start of the year. But Morgan Stanley analyst Erik Woodring says the market reaction to Kornit's lower second-half revenue forecast, which he says came in 7% below consensus estimates, was too severe.

Persons: Morgan Stanley, Kornit, Morgan Stanley's, Erik Woodring, Woodring, — CNBC's Michael Bloom Organizations: Kornit, FactSet, Textile Machinery Association

☆ Here are Wednesday's biggest analyst calls: Nvidia, Rivian, Peloton, UPS, Eli Lilly, DraftKings and more
▼ + stars: | 2023-08-09 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

UBS reiterates Home Depot and Lowe's as buy UBS said it sees next week's earnings reports for the home improvement retailers as a "low impact" event. JPMorgan upgrades DraftKings to neutral from underweight JPMorgan upgraded DraftKings mainly on valuation after Disney and Penn announced a partnership Tuesday. Bank of America reiterates Rivian as buy Bank of America said the electric vehicle maker is in the right place at the right time. UBS downgrades UPS to neutral from buy UBS downgraded the stock after its earnings report Tuesday and said it's concerned about cost pressures. Bank of America reiterates Nvidia as buy Bank of America said it's standing by its buy rating on the stock. "

Persons: BTIG, it's, JPMorgan, Berenberg, Marqeta, Rivian, Jefferies, Eli Lilly, GLP, LLY, Wells, Wells Fargo, Jensen Huang, Goldman Sachs Organizations: Bank of America, Walmart, UBS, JPMorgan, Disney, Penn, Barclays, Dish, State, EV, UPS, Industries, " Bank of America, Nvidia Locations: 2Q24, LLY, GTLS

☆ Here’s the trade on Rivian ahead of earnings, according to top analysts
▼ + stars: | 2023-08-08 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

After weaker-than-expected quarterly results from luxury electric vehicle maker Lucid , analysts are now turning their attention to rival Rivian . Analysts polled by FactSet are forecasting an adjusted loss of $1.43 per share on $1.1 billion in revenue. Still, analysts remain bullish on Rivian ahead of its earnings release. Meanwhile, Morgan Stanley's Adam Jonas reiterated an overweight rating on Rivian in a July 7 note, accompanied by a $24 per share price target. Elsewhere, DA Davidson's Michael Shlisky is neutral on Rivian after an upgrade from underperform July 5, with an $18 per share price target that equates to about 26% downside.

Persons: Rivian, Needham's Chris Pierce, Pierce, Morgan Stanley's Adam Jonas, Jonas, Vijay Rakesh, Rakesh, Michael Shlisky, Mercedes EQB, Shlisky, — CNBC's Michael Bloom Organizations: FactSet, Wall, EV, Mizuho Securities

☆ Lufthansa upbeat as leisure travel demand remains high
▼ + stars: | 2023-08-03 | by ( ) www.reuters.com time to read: +2 min

Lufthansa logo is seen displayed in this illustration taken, May 3, 2022. Lufthansa rival IAG (ICAG.L) last month said it was "mindful" of uncertainty in the wider economy, even as it reported consensus-beating quarterly profit, and Ryanair (RYA.I) was cautious on demand for the rest of 2023. In April to June, Lufthansa's adjusted earnings before interest and tax nearly tripled to 1.09 billion euros ($1.19 billion), slightly above consensus for 1.04 billion, from 341 million a year earlier. For the full year 2023, it now expects adjusted EBIT to come to more than 2.6 billion euros, having previously forecast a significant increase from last year's 1.5 billion. ($1 = 0.9148 euros)Reporting by Maria Sheahan Editing by Miranda Murray and Friederike HeineOur Standards: The Thomson Reuters Trust Principles.

Persons: Dado Ruvic, Maria Sheahan, Miranda Murray, Friederike Heine Our Organizations: Lufthansa, REUTERS, Deutsche Lufthansa, Airlines, IAG, Ryanair, Austrian Airlines, SWISS, Boeing, Airbus, Thomson Locations: BERLIN, Asia, China, Japan

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