On Wednesday, JPMorgan made a bullish move on Cooper Companies (NASDAQ:COO), upgrading the stock from Neutral to Overweight and increasing the price target to $120 from the previous $100. The firm\'s analyst highlighted Cooper\'s consistent top-line growth and its translation into bottom-line strength as key reasons for the upgrade. Cooper Companies has shown commendable performance...
On Wednesday, DA Davidson maintained a bullish stance on Nature\'s Sunshine Products (NASDAQ: NATR), raising the stock\'s price target to $24.00 from $21.50 and keeping a Buy rating. The nutritional and wellness products company reported a stronger-than-expected performance in the fourth quarter of 2023, with EBITDA surpassing estimates. Sales in constant currency terms increased by...
On Wednesday, Baird, a financial services company, raised its rating on shares of Texas Roadhouse (NASDAQ:TXRH) from Neutral to Outperform and increased the price target to $175 from $160. The upgrade comes despite the stock approaching all-time highs, with Baird\'s analyst citing the potential for further growth. The analyst pointed to Texas Roadhouse\'s standout same-store...
On Wednesday, CEMEX (NYSE:CX), a global leader in the building materials industry, received reaffirmation from Citi on its stock rating and price target. The firm maintained a Buy rating on the company\'s shares, with a set price target of $9.00. The focus of the analyst\'s comments centered around the anticipation of CEMEX Day, scheduled for...
On Wednesday, Evercore ISI adjusted its price target for Casey\'s General Stores (NASDAQ:CASY), reducing it slightly from $345.00 to $342.00, while maintaining an Outperform rating on the stock. The adjustment follows the company\'s third-quarter financial results, which showed strong sales growth and customer traffic increases. Casey\'s General Stores reported a solid increase in their inside...
On Wednesday, Morgan Stanley initiated coverage on shares of IDACORP, Inc. (NYSE:IDA), assigning an Equalweight rating to the stock with a price target of $92.00. The firm recognizes the company\'s accelerating sales growth as a positive factor that has led to a turning point in its rate base outlook. The analysis by Morgan Stanley noted...
By Helen Reid HERZOGENAURACH, Germany (Reuters) -German sportswear giant Adidas (OTC:ADDYY) posted its first annual loss in more than 30 years on Wednesday and warned sales in North America would fall again as sportswear retailers in the U.S. battle high inventories. Adidas has been battling to right itself after it cut ties with Kanye West...
By Miranda Murray and Nick Carey BERLIN (Reuters) -Volkswagen expects a 3% rise in its car sales this year, down sharply from 2023 amid a gloomy economic outlook and growing competition. Presenting the German automaker\'s 2023 results, finance chief Arno Antlitz said the \"general economic situation remains challenging,\" but added \"we are confident about 2024,...
On Wednesday, Citi maintained a Buy rating on Constellation Brands (NYSE:STZ) shares, with a steady price target of $305.00. The firm anticipates the company to benefit from favorable conditions that could act as catalysts over the next month. These include improved beer sales comparisons from last March, when California experienced poor weather, and the potential...
Tesla (NASDAQ:TSLA) stock fell 1.5% in early New York trading Wednesday after Wells Fargo downgraded the rating to Underweight (equivalent to sell) from Equal Weight. Analysts called Tesla “a growth company with no growth.” The analysts also cut the price target by as much as $75 to $125 per share, which indicates a near 30%...