Starbucks Corp. SBUX, +2.68% was upgraded to buy from neutral at BTIG based on the upcoming benefits from restaurant reopenings and federal stimulus cash that will hit consumer bank accounts. BTIG maintained its $ 130 price target. Analysts note that the re-openings are “faster than expected,” and BTIG expects same-store …
Read More »The Ratings Game: Wayfair’s customer base jumped ahead by 2 years during COVID, setting the retailer up for long-term growth: Truist
Wayfair Inc. W, -1.78% was upgraded to buy from hold at Truist Securities, with analysts estimating that the e-commerce home goods retailer accelerated its active customer base by two years during the COVID-19 pandemic. Truist raised its price target to $ 375 from $ 315. Wayfair said in its fourth-quarter …
Read More »The Ratings Game: Twitter stock closes at seven-year high, as analyst cheers newfound ‘swagger’
Twitter Inc.’s stock took off Wednesday after the social-media company’s fourth-quarter results and commentary about the outlook helped relieve concerns about how the service will fare in the new reality. For the first quarter, the company expects 20% growth in its count of monetizable daily active users, a projection that …
Read More »The Ratings Game: FireEye, Crowdstrike enjoy record days as SolarWinds hack leads to soaring security stocks
Security-software stocks soared Friday, as investors bet that the fallout from one of the most devastating hacks in U.S. history will lead to increased security spending by companies and government agencies. The breach was executed through a vulnerability in ubiquitous network-monitoring software from SolarWinds Inc. SWI, -19.43%, which hackers believed …
Read More »The Ratings Game: GE stock rises to 9-month high as BofA analyst gets a little more bullish
AFP via Getty Images Shares of General Electric Co. rose Friday toward a nine-month high, after BofA Securities analyst lifted his stock price target by 18%, amid a more upbeat outlook on the industrial conglomerate’s health care business as COVID-19 cases rise globally. The stock GE, +2.64% reversed an earlier …
Read More »The Ratings Game: Ulta Beauty shares jump after ‘mutually beneficial’ partnership with Target announced
Both Target and Ulta will benefit from the beauty partnership they’ve announced, analysts say Target Ulta Beauty Inc. ULTA, -1.48% shares jumped 7.4% in Tuesday trading after the retailer and Target Corp. TGT, +0.19% announced a partnership that would bring Ulta shops to Target locations. Ulta Beauty stock has rallied …
Read More »The Ratings Game: Promise of transparency on Google Cloud results cheers Wall Street, Alphabet stock climbs
AP Google parent Alphabet Inc. shares broke with the broader market Friday, closing higher after the tech giant blew past Wall Street estimates with a return to revenue growth and a promise to be more transparent about cloud profitability. Alphabet GOOG, +3.43% GOOGL, +3.80% Class C shares, which had been …
Read More »The Ratings Game: Bed Bath & Beyond has laid out its transformation plan, now analysts are focused on execution
Bed Bath & Beyond has a three-year plan for a business turnaround. (Getty Images) Bed Bath & Beyond Inc. BBBY, -0.52% laid out a detailed transformation plan during its Wednesday investor day presentation and now analysts have turned their focus toward execution. The strategy includes the launch of more than …
Read More »The Ratings Game: Beyond Meat downgraded at JPMorgan as Impossible Foods snaps up share
Beyond Meat and Impossible Foods are sharing grocery shelf space with a growing number of plant-based brands AFP via Getty Images Beyond Meat Inc.’s stock was downgraded to underweight from neutral at JPMorgan on Friday with analysts citing market share loss at grocery stores to its biggest competitor, Impossible Foods …
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