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The bank raised its price target on MercadoLibre Thursday to $2,500 from $2,225, suggesting 22% upside from Wednesday's close. The bank increased its price target to $230 from $200, implying nearly 16% upside from Wednesday's close. Supino also lifted the firm's price target to $93 a share, reflecting about 33% upside from Wednesday's close. Analyst Adam Berlin lowered his 12-month price target to $29 from $34, implying 6% downside. The investment firm's price target of $159 implies more than 2% downside from Wednesday's close.

Persons: Robert Ford Aguilar, — Michelle Fox, Wells, Wells Fargo, Eric Luebchow, Luebchow, Lisa Kailai Han, Sean Conlon, Wolfe, Peter Supino, Supino, Samantha Subin, BofA, George Staphos, a.m, Adam Berlin, Berlin, IPG, — Sean Conlon, Bernstein, Mark Moerdler, — Lisa Kailai Han, Stifel, Simon Yarmak, Andrea Pistacchi, Brandt Montour, it's, Montour, Fred Imbert Organizations: CNBC, Barclays, Bank of America, Diageo, Mercado, Mobile, Sprint, Wolfe Research, UBS downgrades, UBS, billings, GM, Pfizer, Oracle, Simon Property, Property Group, SPG, U.S, New York Stock Exchange Locations: Brazil, Mercado Pago, Wells Fargo, Wells, Roku, Berlin, America, U.S

☆ 6 ways Starbucks' incoming chief Brian Niccol transformed Chipotle
▼ + stars: | 2024-08-14 | by ( Grace Dean | ) www.businessinsider.com time to read: +6 min

Niccol has a "great track record" and is an "outstanding" hire for Starbucks, Edward Jones restaurant analyst Brian Yarbrough told Business Insider. Alongside Curt Garner, the chain's chief information officer who joined in 2015, Niccol helped spearhead Chipotle's digital turnaround. In Niccol's first full year at Chipotle, in 2019, digital sales were up 90%. AdvertisementMost locations already had two make lines when Niccol joined Chipotle, but the strategy was unclear, BI previously reported. "Whether you're a light, medium, or heavy user, when you're in the rewards program, you come more frequently and you spend more," Niccol told investors in February.

Persons: —, Taco Bell, Brian Niccol, Laxman Narasimhan, Niccol, Edward Jones, Brian Yarbrough, William Blair, Sharon Zackfia, Howard Schultz, He's, perf, Chipotle, Chipotle's, Gregory Rec, Jack Hartung, Curt Garner, they'd, Jefferies, Andy Barish Organizations: Service, Taco, Starbucks, Business, Portland Press, Getty, Niccol's, BI Locations: Chipotle, Ohio, China

☆ Police tactics at campus protests reveal disparities in approaches to public order and lessons learned post-George Floyd
▼ + stars: | 2024-05-05 | by ( Emma Tucker | ) edition.cnn.com time to read: +14 min

“I think we also saw this different sensibility about how to clear protests,” Straub said of the police response to campus demonstrations. In some cases, officers couldn’t distinguish lawful protesters from those who were being disruptive or causing violence, he added. The agreement mandated the NYPD to “change how it deploys officers to public demonstrations,” to better allow the public to exercise their First Amendment rights. NYPD officers in riot gear break into a building at Columbia University, where pro-Palestinian students were barricaded, on April 30. Officers were seen breaking down plywood barriers outside the entrenched encampment where protesters had barricaded themselves inside, as flash-bang explosives exploded overhead.

Persons: George Floyd, ”, Chuck Wexler, Emily Byrski, Joe Biden, ” Wexler, Frank Straub, ” Straub, PERF, Letitia James, James, Kena Betancur, Eric Adams, Kaz Daughtry, “, Spencer Fomby, Fomby, Straub, it’s, ” Fomby, Ryan Sun, ” CNN’s Julia Jones, Maria Sole, Artemis Moshtaghian Organizations: CNN, Police, Research, “ Police, Palestinian, Getty, Columbia University, New York Police Department, University of Arizona, UCLA, Israel, National Guard, Sound Schools, Center for, Police Foundation, ” Police, NYPD, New York, City College, Hampton Hall, Columbia, Hamilton, National Tactical Officers Association, ”, AP Locations: Gaza, Israel, AFP, California, Columbia, New York City, Hampton, Arizona, Los Angeles

☆ These defensive stocks could help investors fortify their portfolio in this risky market
▼ + stars: | 2023-10-09 | by ( Hakyung Kim | ) www.cnbc.com time to read: +6 min

They must offer income — that is, a dividend yield in excess of 2%. Take a look at the stocks that can help bolster investors' portfolios: Beverage giant Molson Coors made the list of stocks ideal during unstable times. TAP YTD line Molson Coors year-to-date performance Networking and cloud solutions giant Cisco Systems also made the list. In September, Bunge also came up in a CNBC Pro screen for defensive stocks to help investors ride out a market sell-off. Stock Chart Icon Stock chart icon Molson Coors year-to-date performanceNetworking and cloud solutions giant Cisco Systems also made the list.

Persons: Molson Coors, Roth, Bill Kirk, Molson, Kirk, Goldman Sachs, Bunge, FactSet, —, Darla Mercado, Michael Bloom, Tiffany Hagler Organizations: CNBC, Beverage, Molson, Molson Coors, TAP, Cisco Systems, Cisco, Packaging Corporation of America, CME Group, Geard, Bloomberg, Getty, Equity, AFL Aflac, Bunge, Corp, America, Molson Coors Beverage Co, FactSet Beverage, Cisco Systems Inc Locations: Israel

☆ The future of abortion rights in Virginia may depend on what voters think of Chaturbate
▼ + stars: | 2023-09-12 | by ( Walt Hickey | ) www.businessinsider.com time to read: +5 min

A Democratic candidate in a key swing district is in the midst of a scandal over previous work in pornography. At least one prominent Virginia politician, Senate President Pro Tem L. Louise Lucas, immediately came to Gibson's defense, blaming operatives working for Virginia's Republican Gov. As it stands, Youngkin has said that it's his mission to implement a 15-week abortion ban in the commonwealth. So far, the only thing standing in his way has been the Virginia State Senate, where Democrats hold a slim 22-18 majority. So it falls to the voters of Short Pump, Virginia, to decide whether performing on Chaturbate is disqualifying for them, even if that means giving the go-ahead to a statewide abortion ban.

Persons: Susanna Gibson, Gibson, Louise Lucas, Glenn Youngkin, Mitt Romney's, Candace Valenzuela, Youngkin, Ballotpedia, Biden Organizations: Democratic, Service, Washington Post, of, Delegates, Conservative, New York Times, Pro Tem, Virginia's Republican Gov, Bain Capital, Black Latina, Virginia State Senate, VCU's Wilder School of Government, Virginians, GOP, Ballotpedia, Democrats Locations: Virginia, Wall, Silicon, Texas, Gibson's, what's, It's

REUTERS/Alyssa PointerFeb 1 (Reuters) - As soon as next week, the Memphis City Council will consider a raft of reforms aimed at curtailing police violence after the brutal beating of Tyre Nichols by five officers following a traffic stop. But after Nichols' beating and subsequent death made Memphis the latest emblem of police brutality against Black Americans, city leaders are facing more pressure than ever to shore up police accountability and hiring standards. "We cannot allow this moment to pass us by when activism coupled with concern from the community is at its peak," Memphis City Councilman J.B. Smiley Jr. said. Memphis activist LJ Abraham said she hopes Nichols’ case will persuade the council to take demands for bolder reforms more seriously. In recent years, city leaders have sought to boost the department's officer ranks, which dwindled as violent crime spiked.

☆ In a tense all-hands, Google's CEO said it's 'tough to predict the future' when asked whether the company would do layoffs
▼ + stars: | 2022-12-09 | by ( Hugh Langley | ) www.businessinsider.com time to read: +3 min

Google CEO Sundar Pichai said it's "tough to predict the future" when asked about layoffs. The possibility of layoffs was top of mind for Google employees during a company all-hands Thursday, but CEO Sundar Pichai wouldn't rule out cuts. Some employees at Google have been nervous over the prospect of layoffs, which have hit other tech giants, such as Meta and Amazon. Employees also asked about Google's new performance rating system, known as GRAD, which the company introduced this year. Some employees have said GRAD, which this year replaced Google's previous performance tool, has had a rocky start.

☆ Taiwan’s virtual beauty brand struggles on Wall Street debut
▼ + stars: | 2022-11-08 | by ( Michelle Toh | ) edition.cnn.com time to read: +5 min

Hong Kong CNN Business —Taiwan’s latest entrant to Wall Street has had a rough ride since it went public a week ago. Perfect Corp. lends its technology to beauty and fashion brands. Perfect Corp. founder and CEO Alice Chang said she spoke to CNN Business while wearing the company's "digital makeup" on a conference call. The question was: “How can I link the virtual beauty with the real world beauty?” Chang recalled. Perfect Corp. is one of a handful of Taiwanese companies to list in the United States in recent years, according to Dealogic data.

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