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How Strong Is Evercore's Auto Dealers Survey This Month?
Monday, April 11, 2016 - 4:41pm | 235The Evercore ISI Auto Dealers Survey moderated this week, moving down from 59.0 to 57.3, as April has begun the month softer. In a note, analysts led by Charlene Saltzman said, "March was a second month in a row of improved used car sales after a soft January according to franchised...
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Schoenebaum: Biotech P/Es Show 'Buying Signal' With Caveat; Amgen, Biogen, Celgene & Gilead Have Catalysts
Monday, February 8, 2016 - 4:27pm | 753Biotech stocks are in the midst of an "epic" selloff, Evercore ISI Mark Schoenebaum told CNBC on Monday. Schoenebaum is known for his coverage of big pharma, including Gilead Sciences, Inc. (NASDAQ: GILD), Biogen Inc (NASDAQ: BIIB), Pfizer (NYSE: PFE) and AbbVie Inc (NYSE: ABBV)....
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Evercore Says It's 'Not Too Late To Call The Dr.' Amid Dr Pepper Snapple Upgrade
Monday, October 5, 2015 - 3:14pm | 398In a report issued Sunday, Evercore ISI upgraded shares of Dr Pepper Snapple Group Inc. (NYSE: DPS) from Hold to Buy. The firm set a $92 target price for the stock. Shares of Dr Pepper Snapple were up about 3 percent on Monday. According to analysts Robert Ottenstein and Brendan...
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Rich Ross Sees Upside Potential In Disney, United Continental And Biogen
Tuesday, September 22, 2015 - 6:40am | 267Rich Ross of Evercore spoke on CNBC's Fast Money about stocks that have had big pullbacks, but also have big upside potential by the year end. Ross named Walt Disney Co (NYSE: DIS) as his first pick. The stock formed a double bottom and it is now testing its 200-day moving average. He...
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Everyone's Talking About ROLARR Heading Into Intuitive Surgical Earnings: Here's What It Means
Tuesday, July 21, 2015 - 1:31pm | 814Intuitive Surgical, Inc. (NASDAQ: ISRG) is scheduled to report its second quarter results after Tuesday's market close. Estimize is expecting the company to earn $4.05 per share (based on 38 estimates) on revenue of $570.82 million. This compares to the Wall Street consensus estimate...
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Buy Bank Of America's Plan To Be More 'Offensive On Growth'?
Thursday, May 28, 2015 - 3:47pm | 436Evercore analyst Glenn Schorr reiterated a Buy rating on Bank of America Corp (NYSE: BAC) with an $18 price target last week after meeting with CFO Bruce Thompson and learning that the company plans to become “a little more offensive on growth.” After a long period of Bank of...
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Evercore's Charts Suggest Netflix To Touch $730 Soon
Friday, May 22, 2015 - 11:30am | 336With over 30 percent gains in the last three months, shares of Netflix, Inc. (NASDAQ: NFLX) are flying high and according to Rich Ross of Evercore ISI, the technical pictures suggests that they will continue to move higher from here. Ross was on CNBC recently to provide the technical outlook on...
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Analyst Roundup: Priceline Might Beat Q1 Views, Cut Outlook
Wednesday, May 6, 2015 - 5:23pm | 323Priceline Group Inc (NASDAQ: PCLN), set to post earnings Thursday before the bell, could beat expectations but cut its forecast on foreign exchange concerns, according to an analyst. A "beat and lower" move by Priceline would be "similar to what we've seen with other consumer...
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Evercore Is Upgrading Spirit Airlines
Thursday, April 30, 2015 - 12:12pm | 338Evercore upgraded Spirit Airlines Incorporated (NASDAQ: SAVE) Thursday from Hold to Buy and maintained an $85 price target. Analysts Duane Pfennigwerth and Jeffrey Eisenberg made the upgrade following a 9 percent sell-off in the stock and believed that a 14-15 percent decline in Q2 unit revenue...
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Cramer Slams Evercore Analyst For Downgrading Netflix
Monday, March 16, 2015 - 1:53pm | 393Analysts at Evercore ISI downgraded Netflix, Inc. (NASDAQ: NFLX) Monday from Hold to Sell, and also reduced their price target to $380. This may have caused Netflix's stock slump of more than 3 percent, while the overall market trades in the green. CNBC's Jim Cramer was recently seen...
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United Rentals Falls 9% Following Evercore Downgrade
Monday, January 5, 2015 - 3:19pm | 105Shares of United Rentals, Inc. (NYSE: URI) fell over 9 percent Monday following a downgrade from Evercore which cut its rating from Buy to Sell. The downgrade followed Morgan Stanley reiterating an Equal-Weight rating on the stock. The shares began falling at Monday’s open and then...
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Evercore Raises Price Target On Visa, Mastercard
Monday, December 1, 2014 - 11:09am | 154Evercore raised its price targets Monday on Visa Inc (NYSE: V) and Mastercard Inc (NYSE: MA). Analyst Dave Togut forecasted that the eventual sale of Visa Europe to Visa Inc will be accretive to Visa Inc by impacting EPS +3 percent within one year of a sale and +5 percent accretive in year two...
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Here's Why Evercore Downgraded eBay
Monday, November 24, 2014 - 4:40pm | 357It seems there is no good news in the market for eBay Inc (NASDAQ: EBAY) shareholders currently. Right when the Street was busy speculating possible damage Alibaba can do to eBay, comes the news that analysts from Evercore have downgraded eBay, not because of anything related to its core business...
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Evercore ISI Downgrades Drilling Companies
Monday, November 17, 2014 - 3:46pm | 206Evercore ISI analyst James West commented in an analyst note Monday that oil services companies estimates have been reduced across the board. The steepest declines were forecasted for companies heavily exposed to North America where E&P expenditures are expected at -10 percent in 2015 vs....
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UPDATE: Evercore Upgrades AOL
Wednesday, October 22, 2014 - 1:06pm | 221Evercore upgraded AOL, Inc. (NYSE: AOL) to Buy with a $48 price target in a report issued Wednesday. Analysts led by Andrew McNellis noted that "assuming no change to AOL's ad market share, we still see the potential for continued OIBDA outperformance if the company can scale margins...