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EOG Resources The Favorite Energy Play At Atlantic Equities
Tuesday, June 27, 2017 - 11:39am | 653In a note released Tuesday, Atlantic Equities named EOG Resources Inc (NYSE: EOG) its favorite energy play. The firm believes EOG is one of the best placed exploration & production companies to manage at current oil prices. Lowering Oil Price Forecast Despite Undersupply Analyst Barry MacCarthy...
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Is The Selloff In Goldman Sachs A Buying Opportunity?
Tuesday, April 25, 2017 - 3:21pm | 397Goldman Sachs Group Inc (NYSE: GS) shares are up 5.2 percent in the past five trading sessions after the company released disappointing first-quarter earnings numbers. The market initially punished Goldman for the miss, the worst among its peer group, but investors have since swooped in to buy...
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A Peek Into The Markets: U.S. Stock Futures Rise Ahead Of Earnings, Economic Data
Thursday, April 20, 2017 - 7:24am | 447Pre-open movers U.S. stock futures traded higher in early pre-market trade, ahead of earnings from several major companies. Federal Reserve Governor Jerome Powell is set to speak in Washington, D.C. at 8:00 a.m. ET. Data on initial jobless claims for the latest week will be released at 8:30 a.m. ET...
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The Bearish First Wave Of Ratings, Price Targets For Snap Post-IPO
Monday, March 6, 2017 - 4:37pm | 643Shares of Snap Inc (NYSE: SNAP) fell more than 5 percent on Monday as the newly issued IPO isn't receiving the same amount of love from Wall Street as it is from investors. Within hours of Snap's initial trading on the New York Stock Exchange, Pivotal Research Group's Brian Wieser was first to...
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Snap Says It May Never Become Profitable; Here's Why That's Not Uncommon
Saturday, March 4, 2017 - 8:48pm | 744With the din around Snap Inc (NYSE: SNAP)'s IPO settling down, it is time to take stock of how fundamentals stack up. This assumes importance, especially as the stock's valuation looks overstretched on the back of strong gains in the first two trading sessions since its listing. Valuation Goes...
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Wall Street Consensus On Twitter: Sell The Stock
Friday, February 10, 2017 - 12:03pm | 356Shares of Twitter Inc (NYSE: TWTR) continued trading lower on Friday after Thursday's disappointing earnings report resulted in a more than 10 percent selloff in the stock. 14 Voices From The Street Here is a roundup of the mostly unanimous bearish outlook from Wall Street's top analysts following...
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Barclays Will Round Out Big Bank Earnings This Week
Monday, October 24, 2016 - 2:23pm | 421Barclays PLC (ADR) (NYSE: BCS) is among the few remaining large global banks to report its quarterly earnings. The London-based company is scheduled to report its third quarter results at around 2 a.m. EST on Thursday. For the most part, global banks have reported strong earnings. Here is a look...
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Atlantic Equities Upgrades Apache To Overweight Amid Alpine High Discovery
Monday, September 12, 2016 - 1:03pm | 267Atlantic Equities thinks Apache Corporation (NYSE: APA) stands to gain from a fresh shale play citing high profile areas like Marcellus and SCOOP/STACK in Oklahoma. The brokerage pointed out that the company leased more than 300,000 acres at a cheap cost of $1,300 per acre over a two-year period...
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Atlantic Likes Expedia's 'Diversifying Of Earnings Sources,' Upgrades To Overweight
Monday, June 20, 2016 - 10:47am | 279Atlantic Equities’ James Cordwell expects meaningful growth to be driven over the next three years for Expedia Inc (NASDAQ: EXPE) by the company’s non-core OTA assets, HomeAway, Orbitz and trivago. Cordwell upgraded the rating on the company from Neutral to Overweight, with a price...
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Monsanto Shares Have $15-$20 Downside If Bayer Deal Falls Apart
Friday, May 27, 2016 - 2:30pm | 455Atlantic Equities has downgraded Monsanto Company (NYSE: MON) to Neutral, saying that the stock may face $15–$20 downside if the Bayer AG (ADR) (OTC: BAYRY) deal falls through. Monsanto has rejected Bayer's $122 a share offer, but is open to talks on a revised value. Another Look At The Deal...
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3 Things The Market Is Missing About Netflix
Friday, April 1, 2016 - 11:02am | 292Atlantic Equities’ Hamilton Faber believes Netflix, Inc. (NASDAQ: NFLX) “represents the best way to gain exposure to the key shift to TV viewing over the internet.” The analyst upgraded the company from Neutral to Overweight, while increasing the price target from $115 to $130...
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Atlantic Sets New Neutral Rating On PayPal, Warns Of Long-Term Uncertainty
Tuesday, March 29, 2016 - 11:24am | 350Atlantic Equities’ Chris Hickey initiated coverage of Paypal Holdings Inc (NASDAQ: PYPL) with a Neutral rating and price target of $43. Tailwinds Hickey expects the company to see tailwinds through 2017, including the ongoing over 25 percent payment volume growth, driven by PayPal...
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No Longer A Blue Chip? Atlantic Equities Downgrades Disney Amid ESPN Concerns
Tuesday, January 26, 2016 - 9:46am | 357The share price of Walt Disney Co (NYSE: DIS) has declined 19.85 percent over the past six months, to a low of $92.54 on January 20. Atlantic Equities’ Hamilton Faber has downgraded the rating on the company to Neutral, while lowering the price target from $148 to $104. Although the...
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3 Biotechs Atlantic Equities Loves And 1 It's Avoiding
Friday, December 18, 2015 - 3:10pm | 770In three separate reports issued Friday, Atlantic Equities analyst Steve Chesney issued Overweight ratings on shares of Eli Lilly and Co (NYSE: LLY), Amgen, Inc. (NASDAQ: AMGN) and Pfizer Inc. (NYSE: PFE). The expert also released an Underweight rating on shares of Bristol-Myers Squibb Co (NYSE...
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Biogen No Longer 'Too Risky,' Atlantic Analyst Sees Massive Upside
Friday, December 18, 2015 - 10:13am | 335Biogen Inc (NASDAQ: BIIB) shares have been on a downtrend since March 20, and are down 13 percent year-to-date. Atlantic Equities’ Steve Chesney initiated coverage of the company with an Overweight rating and a price target of $344. With multiple pipeline opportunities moving to...