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Takeaways From 6 Zoom Video Analysts On Work-From-Home Stock's Big Q2 Beat
Tuesday, September 1, 2020 - 11:15am | 692Zoom Video Communications (NASDAQ: ZM) reported a blowout second quarter Monday that saw revenue up 355%. The company’s customer base grew by 458% to 370,200. Here's what the Street has to say. The Zoom Analysts: BTIG analyst Matt VanVliet upgraded Zoom from Neutral to Buy and added...
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Why Lululemon's Mirror Purchase Could Add $2 In EPS Power
Tuesday, July 14, 2020 - 3:15pm | 369Lululemon Athletica's (NASDAQ: LULU) acquisition of Mirror could add $2 in aggregate earning power over the next five years. That's according to BTIG analyst Camilo Lyon, who reiterated a Buy rating on the stock and raised the price target from $345 to $355. Lululemon Acquiring...
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The Street Debates McDonald's Comeback
Wednesday, June 17, 2020 - 4:25pm | 763McDonald's Corp (NYSE: MCD) announced Tuesday a business update consisting of its same-store sales performance in April and May and COVID-19-related commentary. Here is a summary of how some of the Street's top analysts reacted to the report. The Analysts BTIG analyst Peter Saleh maintains...
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Innovative Industrials Properties Upsizes Public Offering To $100M
Wednesday, May 27, 2020 - 4:28pm | 170Real estate investment trust Innovative Industrials Properties (NYSE: IIPR) reported the upsize and pricing of an underwritten public offering of its common shares at an estimated cost of $100 million. The offering consists of 1,348,389 common shares. The underwriter, BTIG LLC, was also granted a...
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Buy Nike, Sell Under Armour: A Dozen Consumer Lifestyle Brand Calls From BTIG
Wednesday, April 29, 2020 - 3:10pm | 623An already struggling U.S. retail sector has been devastated by the coronavirus (COVID-19) shutdown. BTIG initiated coverage of 12 consumer lifestyle brands and named its top stock picks in the new era of retail. The Analyst BTIG analyst Camilo Lyon initiated coverage on the following 12 stocks:...
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BTIG's Emanuel Says Stocks Risk 1987's 40% Downside Scenario If Senate Doesn't Act
Tuesday, March 24, 2020 - 8:51am | 532The Federal Reserve's decision Monday to undertake unlimited asset purchases was encouraging, but the Senate's failure to close on a stimulus package shows "politics is getting in the way," Julian Emanuel, BTIG's chief equity and derivatives strategist, said on CNBC's...
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Square Analysts React To FDIC's Conditional Banking License Approval For Payments Company
Thursday, March 19, 2020 - 3:22pm | 786Payment processing company Square Inc (NYSE: SQ) said Wednesday that the FDIC voted to conditionally approve its application for an Industrial Loan Company, or ILC, bank charter. The company also received charter approval from the Utah Department of Financial Institutions. The Square...
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BTIG On Restaurants: 'Cash Is King'
Wednesday, March 18, 2020 - 4:35pm | 360Restaurant operators of all sizes are being impacted by the coronavirus and investors looking for exposure should follow the concept that "cash is king," according to BTIG. The Analyst Peter Saleh upgraded Dunkin Brands Group Inc (NASDAQ: DNKN) from Neutral to Buy with a $60 price...
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BTIG Buys Into Globus Medical's Longer-Term Vision
Wednesday, March 18, 2020 - 3:28pm | 382Globus Medical Inc’s (NYSE: GMED) shares have declined around 33% from their year-end 2019 high, and the company has a strong balance sheet that can be used to acquire assets at depressed values, according to BTIG. The Globus Medical Analyst BTIG’s Ryan Zimmerman upgraded...
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BTIG Overviews Restaurant Sector's Top 2020 Trends, Stock Picks
Friday, January 3, 2020 - 1:57pm | 644The dine-in restaurant industry as a whole will likely experience a year of decline in 2020 given notable distractions including the Olympics and the U.S. presidential election. Industry Trends During an election cycle, consumers tend to stay at home more often -- as was the case in 2016, BTIG...
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Here's What Drive-Thrus Mean For Chipotle Investors
Monday, December 9, 2019 - 11:00am | 726The fast-food industry continues to evolve with one main objective: serving customers how they want to be served. Gone are the days when customers can only place an order at the counter with a human. Instead, customers are making it clear in growing numbers orders must be placed through a machine...
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Why This Analyst Sees Care.com Fetching Up To $16/Share In Potential Sale
Monday, October 28, 2019 - 1:18pm | 286Care.com Inc (NYSE: CRCM), an online platform to help people find and manage family care, is reportedly undertaking a strategic review and could sell itself in the $14 to $16 per share range, according to BTIG. The Analyst BTIG analyst Marvin Fong maintains a Buy rating on Care's stock with a $...
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What To Make Of Wendy's Breakfast Expansion
Tuesday, September 10, 2019 - 11:43am | 769Shares of Wendys Co (NASDAQ: WEN) lost more than 12% Tuesday after the company announced a nationwide expansion of its breakfast menu and lowered its guidance. Here is a summary of what some of the Street's top analysts are saying. Stephens: The Launch Wendy's will launch nationwide...
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BTIG: Innovative Industrial Properties 'Uniquely Positioned' For Cannabis Growth
Thursday, June 20, 2019 - 4:32pm | 337Innovative Industrial Properties Inc (NYSE: IIPR), the only NYSE-listed real estate company that focuses on the regulated U.S. cannabis industry, is "uniquely positioned" for future growth in the sector, according to BTIG. The Analyst Thomas Catherwood maintained a Buy rating on...
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2 Papa John's Analysts React To $80M Investment Plan
Thursday, June 20, 2019 - 12:34pm | 413Pizza chain Papa John's Int'l, Inc. (NASDAQ: PZZA) said Wednesday that it will invest an additional $80 million in royalty relief, marketing campaigns and brand initiatives. The Analyst Stephens' Will Slabaugh maintained an Overweight rating on Papa John's with...