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Bernstein Upgrades Southwest Airlines Stock, But Still Sees Risk To The Downside
Tuesday, February 20, 2024 - 1:42pm | 526Read More...Bernstein Research analyst David Vernon upgraded Southwest Airlines Company (NYSE:LUV) from Underperform to Market Perform and raised the price target from $26 to $32 on Tuesday, citing a change in sentiment on domestic pricing. In a new note to clients, Vernon highlighted resiliency in travel...
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From IPO High To Stock Slide: Arm Holdings' Rollercoaster Ride Begins With Bearish Analyst Call
Monday, September 18, 2023 - 3:53pm | 440Read More...Arm Holdings Plc‘s (NASDAQ:ARMH) recent debut on the Nasdaq hasn’t been a smooth ride. The British chip designer, known for powering smartphones, saw its American Depository Receipts (ADRs) make a staggering 7.2% nosedive to $56.37 during Monday afternoon trading. But what’s got...
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4 Key WWDC Takeaways From An Apple Bull
Tuesday, June 6, 2017 - 10:19am | 564Read More...While there were no groundbreaking announcements, Apple Inc. (NASDAQ: AAPL)'s WWDC keynote address Monday was filled with more product launches than investors anticipated. After the address, Bernstein Research analyst Toni Sacconaghi rated Apple at Outperform and set a $160 price target. 4 Key...
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Hershey Investors Crave Takeover Bid
Tuesday, October 25, 2016 - 3:01pm | 348Read More...Alexia Howard of Bernstein doesn’t expect much upside in the shares of Hershey Co (NYSE: HSY) following the withdrawal of Mondelez International Inc (NASDAQ: MDLZ)'s bid and weakness in the U.S. chocolate category as consumers are becoming more health conscious and avoiding added sugar....
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Things Could 'Get Worse' For Rockwell Automation; Bernstein Downgrades To Underperform
Thursday, January 28, 2016 - 11:04am | 340Read More...Bernstein Research recently issued a report on Rockwell Automation (NYSE: ROK) after raising concerns over growth opportunities and profitability for the company going forward in 2016. Analysts at Bernstein downgraded Rockwell Automation from Market-Perform to Underperform and issued an $81 price...
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Numerous Firms Initiate Coverage On Citizens Financial Group Following Quiet Period Expiration
Monday, November 3, 2014 - 1:25pm | 291Read More...On Monday, analysts at numerous firms initiated coverage on shares of Citizens Financial Group Inc (NYSE: CFG) following the expiration of the analyst quiet period. Oppenheimer Equity Research: Outperform rating with $29 price target. Ben Chittenden stated, “Our thesis for owning CFG...
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Microsoft And Salesforce Ink Cloud Deal
Thursday, May 29, 2014 - 5:00pm | 734Read More...Sources close to the action told Bloomberg that Microsoft (NASDAQ: MSFT) and Salesforce (NYSE: CRM) were close to an agreement that would allow Microsoft customers on the company’s Azure cloud service to utilize Salesforce enterprise software. Those rumors were confirmed Thursday afternoon....
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Apple Likely to Increase Stock Buyback Plan, According to Bernstein
Thursday, April 17, 2014 - 1:14pm | 176Read More...Apple Inc. (NASDAQ: AAPL) will likely announce an increase in its stock buyback plan, according to Bernstein analyst Toni Sacconaghi. The firm reiterated an Outperform rating and $575 price target on the stock. In a report published Wednesday, Sacconaghi commented that Apple could add $30 billion...
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An Alibaba IPO Will Shake Up E-Commerce
Thursday, April 17, 2014 - 10:28am | 629Read More...Alibaba.com is big. From a transaction volume standpoint, $240 billion big, according to Wall Street Journal sources. That’s twice the size of Amazon (NASDAQ: AMZN) and three times the size of eBay (NASDAQ: EBAY). From a revenue perspective, however, Alibaba’s nearly $8 billion in 2013 revenue...
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Citi's Road to Better Earnings 'Could Take 1-2 Years to Ramp Up,' Bernstein Says
Tuesday, April 15, 2014 - 9:29am | 172Read More...On Tuesday, Bernstein Research downgraded shares of Citigroup (NYSE: C) from Market Perform to Outperform and raised the price target from $52 to $57. Analyst John McDonald's upgrade is based on: Heightened confidence in Citi's ability “to improve efficiency and get on a path to 0.90% ROA.”...
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UPDATE: Bernstein Maintains Outperform On Amazon, Forecasts FY Beat
Friday, February 14, 2014 - 10:28am | 179Read More...In a report published Friday, Bernstein Research analyst Carlos Kirjner maintained an Outperform rating and $420.00 price target on Amazon.com (NASDAQ: AMZN). Kirjner commented on the company's revenue deceleration noting that it followed fourth quarter in 2012. The analyst wrote, "We believe...
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Bernstein Upgrades Blackberry, Sees Limited Upside to Stock Price
Monday, December 16, 2013 - 5:08pm | 124Read More...Bernstein Research analyst Pierre Ferragu upgraded BlackBerry Limited (NASDAQ: BBRY) from Underperform to Market Perform and raised the price target from $4.50 to $5.50. Ferragu noted that there is limited room for further stock decline as the current price reflects worst-case scenario valuation...
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Bernstein Research Believes DRAM Will Keep Recovering Following Micron Technology's Acquisition of Elpida
Tuesday, December 3, 2013 - 11:47am | 80Read More...In a report published Tuesday, Bernstein Research analyst Mark C. Newman reiterated an Outperform rating and $24.00 price target on Micron Technology (NASDAQ: MU). In the report, Bernstein Research noted, “We rate Micron Outperform with a target price of $24.0. We believe that DRAM should keep...
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UPDATE: Bernstein Research Upgrades Statoil ASA on Improved Outlook
Tuesday, December 3, 2013 - 9:55am | 150Read More...In a report published Tuesday, Bernstein Research analyst Oswald Clint upgraded the rating on Statoil ASA (NYSE: STO) from Market Perform to Outperform, and raised the price target from $23.00 to $26.50. In the report, Bernstein Research noted, “We upgrade Statoil to Outperform from Market-perform...
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Bernstein Research Reiterates on Citrix Systems on Position to Benefit from Mobile Computing Trend
Thursday, November 14, 2013 - 11:27am | 104Read More...In a report published Thursday, Bernstein Research analyst Mark L. Moerdler reiterated an Outperform rating and $84.00 price target on Citrix Systems (NASDAQ: CTXS). In the report, Bernstein Research noted, “We believe Citrix is among the best positioned major software companies to benefit from...
