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Search resuls for: "Keybanc Capital Markets"


8 mentions found


☆ Paramount Global shares jump after Warren Buffett's Berkshire Hathaway increases stake
  + stars: | 2022-11-15 | by ( Lillian Rizzo | ) www.cnbc.com   time to read: +2 min
Paramount Global 's stock got a boost Tuesday after Warren Buffett's Berkshire Hathaway upped its stake, a fresh signal that the media and entertainment company could be an acquisition target. Berkshire disclosed in public filings late Monday that it now owns more than 91 million shares in Paramount. Buffett's firm first disclosed its new stake in Paramount in May. Paramount is controlled through its class A shares by National Amusements, chairman Shari Redstone's holding company. Paramount owns "Top Gun: Maverick" movie studio Paramount Pictures, as well as the broadcast network CBS, cable channels including MTV and VH1, the premium network Showtime, and fledgling streaming service Paramount+.
☆ Carbon-accounting startup Planetly was shut down and all 200 staff laid off just a year after acquisition. Insiders say it's a bad omen for 2023.
  + stars: | 2022-11-08 | by ( Tasmin Lockwood | ) www.businessinsider.com   time to read: +5 min
European carbon accounting companies lured $670 million in venture capital last year, as investors banked on growing appetite from corporates to bolster their ESG credentials. The slowdown means 2023 will be the toughest year since the Lehman Brothers collapse for potential closures of acquired companies, the source said. Still, carbon accounting companies are struggling with commercial traction due to market saturation and little differentiation, he said. "But if you acquire a carbon accounting software solution, you are probably a large organisation that has established customer relationships and had conversations about this before. European industry sources added that they expect further consolidation in the carbon accounting space.
☆ Qualcomm shares fall on weak first-quarter outlook
  + stars: | 2022-11-03 | by ( Lauren Feiner | ) www.cnbc.com   time to read: +2 min
Shares of chipmaker Qualcomm fell more than 8% Thursday, a day after the company reported weak first-quarter guidance and said it started a hiring freeze in the current quarter. But the company called for fiscal first-quarter adjusted earnings of $2.25 to $2.45 per share on $9.2 billion to $10 billion in revenue. Analysts polled by Refinitiv had expected earnings per share of $3.42 and revenue of $12.02 billion. CEO Cristiano Amon stressed on the company's earnings call that the company is looking at a "temporary cyclical inventory drawdown." Piper Sandler analysts maintained an overweight rating but cut their price target from $185 to $145, saying they "see the drawdowns as limited to the December and March quarters."
☆ These 4 Investing Club stocks are in the news — here's our take on what's happening
  + stars: | 2022-09-20 | by ( Paulina Likos Kevin Stankiewicz | Paulina Likos | Kevin Stankiewicz | ) www.cnbc.com   time to read: +10 min
Further support came Monday, when closely followed Apple analyst Ming-Chi Kuo reported the company asked manufacturing giant Foxconn to "switch production lines of the iPhone 14 to iPhone 14 Pro models." "Aggregate, Pro mix increased from an average of 41% to 56%, reflecting the benefit from Apple's efforts to concentrate upgrades in the Pro Models. The result is the average selling price of the iPhone 14 is probably around $940, the analysts concluded, compared with around $852 last year. As the strength of Pro models becomes an established view, the question shifts to what's happening with demand for the base iPhone models. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .
☆ KeyBanc's Rezvan makes the bull case for oil stocks
  + stars: | 2022-09-20 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailKeyBanc's Rezvan makes the bull case for oil stocksTim Rezvan, managing director of equity research at KeyBanc Capital Markets, joins 'The Exchange' to discuss opportunities for mid-cap growth in energy markets, U.S. oil production growth forecasts and energy companies to watch.
☆ Burger King's new 'Royal Reset' would reward 800 top restaurants but could punish thousands of others. Analysts worry it could kick off a 'Darwinian' battle for survival.
  + stars: | 2022-09-19 | by ( Nancy Luna | ) www.businessinsider.com   time to read: +6 min
Tim Powell, the managing principal at the consultancy Foodservice IP, said Burger King units were long overdue for modernization. But he questioned Burger King's "survival of the fittest" tactic. Jose Cil, the CEO of Burger King's Restaurant Brands International, said the turnaround plan was directed at lifting sales for all restaurants. "All of that will lead to an output which is increased traffic, increased sales, increased restaurant-level profitability, and growth for the brand, from a systemwide sales standpoint. US sales at Burger King increased nearly 4% in 2021.
☆ Homebuilding sector historically outperforms following early declines, KeyBanc says in upgrade to overweight
  + stars: | 2022-09-19 | by ( Sarah Min | ) www.cnbc.com   time to read: +1 min
Horton, Lennar and other homebuilders as the housing market is due for a comeback, according to KeyBanc Capital Markets. Analyst Kenneth Zener double upgraded the homebuilding sector to overweight from underweight, saying history points to higher prices after declines this year, which came amid slowing demand and rising mortgage rates. The analyst pointed to data going back to 1963 showing that the relationship between homebuilders and the S & P 500 now offers relative risk to reward. Over the past 19 economic cycles, "Builders fell 41% (28% vs. the S & P) with those same cycles' recoveries offering 194% upside (up 141% vs. the S & P)," Zener wrote in a Friday note. "On balance, we see fundamental and rate pressure persisting, but positive relative performance, supporting our upgrades," Zener wrote.
☆ Burger King's $400 million turnaround plan favors 800 top-performing restaurants. It's a 'Darwinian' move analysts say could leave hundreds of franchisees in the lurch.
  + stars: | 2022-09-14 | by ( Nancy Luna | ) www.businessinsider.com   time to read: +6 min
Burger King unveiled a $400 million "Reclaim the Flame" turnaround plan last week. Burger King's $400 million "Reclaim the Flame" turnaround plan calls for upgrading 800 of the company's top restaurants, a "Darwinian" move that could hurt hundreds of poor-performing locations left without financial support, analysts say. Tim Powell, the managing principal at the consultancy Foodservice IP, said Burger King units were long overdue for modernization. Jose Cil, the CEO of Burger King's Restaurant Brands International, said the turnaround plan was directed at lifting sales for all restaurants. "All of that will lead to an output which is increased traffic, increased sales, increased restaurant-level profitability, and growth for the brand, from a systemwide sales standpoint.
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