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BofA Expects Dentsply Sirona's Performance To Improve With New Product Ramp, Cost-Cutting
Monday, March 18, 2019 - 12:51pm | 302Read More...Dentsply Sirona Inc (NASDAQ: XRAY) is in the midst of a major transition. Potential cost savings should support EPS, and the dental equipment supplier could achieve more consistent revenue growth due to new product launches and a slight improvement in the dental market, according to Bank of America...
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Bank Of America Raises HubSpot Price Target After Positive Channel Checks
Wednesday, January 23, 2019 - 2:10pm | 304Read More...HubSpot Inc (NYSE: HUBS) could report healthy bookings growth and is likely to generate robust free cash flows in the long term, driven by sales productivity and ASP growth, according to one analyst. The Analyst Bank of America’s Brad Sills maintains a Buy rating on HubSpot, raising the price...
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IBM Upgraded To Buy; Bank Of America Sees Multiple Levers To Drive Growth
Thursday, November 10, 2016 - 10:34am | 316Read More...International Business Machines Corp. (NYSE: IBM) has been making significant investments in M&A and restructuring. With the pace of these investments expected to decline and IBM poised to benefit from these efforts, the company faces “multiple levers to drive earnings growth in 2017,...
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Wall Street Sees A 60% Chance Of A December Rate Hike
Monday, August 29, 2016 - 8:56am | 375Read More...Fed Chairman Janet Yellen’s recent remarks are being interpreted by the market as “slightly hawkish,” with a mention of a probable rate hike in coming months, BofA Merrill Lynch’s Emanuella Enenajor said in a report. She added that the market continues to view the...
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Nevro Initiated With Buy Rating At Bank Of America
Monday, August 8, 2016 - 4:04pm | 359Read More...Bank of America Merrill Lynch has started coverage of Nevro Corp (NYSE: NVRO) with a Buy rating and price objective of $100, implying a potential return of 24 percent. Nevro's Senza Spinal Cord Stimulation (SCS) system delivers HF10 (high frequency) therapy to treat patients suffering from chronic...
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Unexpected Headwinds Didn't Keep Fitbit From A Solid Quarter
Wednesday, August 3, 2016 - 9:17am | 290Read More...Fitbit Inc (NYSE: FIT) reported strong 2Q results, significantly ahead of expectation, with continued unit sales growth, BofA Merrill Lynch’s Nat Schindler said in a report. He maintained a Buy rating on the company, while reducing the price objective from $29 to $24. Despite unexpected...
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BofA Downgrades Mattress Firm To Underperform
Friday, June 10, 2016 - 9:38am | 283Read More...Mattress Firm Holding Corp (NASDAQ: MFRM) reported a 1Q16 miss on comp and EPS; and reduced its FY16 guidance. BofA Merrill Lynch’s Curtis Nagle downgraded the rating for the company from Neutral to Underperform, while slashing the price objective from $42 to $28. The analyst commented that...
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ConocoPhillips Is A Top Sector Yield Name, BofA Says
Thursday, June 2, 2016 - 10:08am | 240Read More...Within a peer group that prioritizes dividends over growth, relative value had shifted to ConocoPhillips (NYSE: COP), BofA Merrill Lynch’s Doug Leggate said in a report. The analyst maintained a Buy rating for the company, with a price objective of $71. Although ConocoPhillips has a low...
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Exxon Mobil Shares Indicated Lower Following BofA Downgrade
Thursday, June 2, 2016 - 9:34am | 239Read More...Exxon Mobil Corporation (NYSE: XOM) shares have gained 14 percent year-to-date. BofA Merrill Lynch’s Doug Leggate downgraded the rating for the company from Buy to Neutral, with a price objective of $96. Shares dipped a little over 1 percent in the after hours to $88.20. Exxon Mobil...
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Fiat Chrysler Is Now BofA's Least Favorite Of The Detroit Three, Downgrades To Underperform
Friday, April 29, 2016 - 9:57am | 258Read More...Fiat Chrysler Automobiles NV (NYSE: FCAU) reported its 1Q results ahead of expectations. BofA Merrill Lynch’s John Murphy downgraded the rating for the company from Neutral to Underperform, while maintaining the price objective at $9. The analyst commented that although Fiat Chrysler was...
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BofA Downgrades Ford To Neutral Following 'A Big Q1 Beat'
Friday, April 29, 2016 - 9:44am | 268Read More...Ford Motor Company (NYSE: F) reported its 1Q results significantly ahead of expectations. BofA Merrill Lynch’s John Murphy downgraded the rating for the company from Buy to Neutral, while raising the price objective from $16 to $17. Ford delivered an impressive 1Q beat, with EPS of $0.68...
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BofA Sees Growth Acceleration Ahead At Vodafone, Upgrades To Buy
Wednesday, April 20, 2016 - 12:02pm | 239Read More...Shares of Vodafone Group Plc (ADR) (NASDAQ: VOD) are up 10 percent year-to-date. BofA Merrill Lynch’s David Wright upgraded the rating for the company from Neutral to Buy, while raising the price objective from $247 to $260. Reinvestments To Yield Results Vodafone has taken several...
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DeVry Shares Downgraded To Underperform At BofA
Wednesday, April 20, 2016 - 9:25am | 257Read More...For Fall 2015, US educational institutes recorded a 1.7 percent y/y decline in enrolment across all higher education courses. BofA Merrill Lynch’s Sara Gubins attributed the decline to weak demand across higher education, a mature online market and increased competition. Analyst Sara...
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BoA Upgrades CNH Industrial To Buy For 'First Time Ever'
Monday, April 18, 2016 - 10:23am | 276Read More...CNH Industrial NV (NYSE: CNHI) shares have lost 21 percent over the past one year. BofA Merrill Lynch’s Ross Gilardi upgraded the rating for the company from Neutral to Buy, while raising the price objective to $8. “The current mood on the global ag equipment markets remains dreary...
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PetroChina Shares Indicated Higher Amid BofA's Upgrade To Buy
Monday, April 18, 2016 - 9:18am | 279Read More...PetroChina Company Limited (ADR) (NYSE: PTR) shares are down 4 percent since March 18. BofA Merrill Lynch’s Sonia Song upgraded the rating for the company to Buy, with a price objective of HK$7, which implies 31 percent upside. The analyst named the stock as their top pick among China oils...
