Why Bank Of America Is Turning Bullish On This ESG Stock Atlantica Sustainable Infrastructure PLC (NASDAQ: AY) is a “defensive play” in a highly volatile market, according to BofA Securities. Benzinga · May 12, 2022
Why This Netflix Analyst Just Cut Their Price Target By 20% Netflix Inc (NASDAQ: NFLX) seems to be focusing on finding ways to accelerate subscriber additions and “defer the ARPU story,” according to BofA Securities. Benzinga · May 11, 2022
BofA Upgrades O'Reilly After A Relook At Q1 Print O'Reilly Automotive Inc (NASDAQ: ORLY) is a defensive auto-parts retailer whose stock has moved significantly lower, according to BofA Securities. Benzinga · May 10, 2022
Why BofA Double Downgrades Sprouts Farmers Market To Underperform Sprouts Farmers Market Inc (NASDAQ: SFM) expects double-digit percentage cost inflation and price hikes to continue through 2022, according to BofA Securities. Benzinga · May 5, 2022
Why This Hexcel Analyst Is Double Upgrading The Industrial Stock Hexcel Corporation (NYSE: HXL) seems to be taking “full advantage” of the post-COVID commercial recovery, according to BofA Securities. Benzinga · May 4, 2022
Freshpet Raises $350M Via Equity Offering Freshpet Inc (NASDAQ:FRPT) has priced the follow-on offering of 4.3 million shares at $81 per share. The offer price represents a 2.3% discount on the company’s closing price on May 3, 2022. Freshpet has also granted the underwriters a 30-day option to purchase up to 0.6 million additional shares of its common stock.… Benzinga · May 4, 2022
Why Did BofA Downgrade Charter Communications And Slash Price Target? Growing competition from fixed wireless will be a challenge for Charter Communications Inc (NASDAQ: CHTR), and as the company works to regaining lost subscribers, fixed wireless access (FWA) is likely to continue to gain share “in coming years,” according to BofA Securities. Benzinga · May 3, 2022
Why BofA Initiates Kinetic Holdings With Buy Rating Kinetik Holdings Inc (NASDAQ: KNTK) is strong growth and free cash flow story, given its ownership in the Permian natural gas takeaway and latent processing capacity, according to BofA Securities. Benzinga · Apr 28, 2022
BofA Upgrades Robert Half On Labor Market Momentum After generating 26.5% sales growth in 2021, Robert Half International Inc (NYSE: RHI) appears poised to deliver sales growth of 20% in 2022, according to BofA Securities. Benzinga · Apr 27, 2022
Why BofA Downgrades Carter's Ahead Of Q1 Print Carter's, Inc. (NYSE: CRI) faces a risk to margins as the promotional environment normalizes, according to Bofa Securities. Benzinga · Apr 27, 2022
General Electric Q1 Print Shows Strong Orders, But One Issue Continues General Electric Company (NYSE: GE) reported its first quarter adjusted earnings above Street estimates. Although orders were strong, the company’s print was impacted by supply chain issues much more than anticipated, according to BofA Securities. Benzinga · Apr 26, 2022
This Analyst Sees 4 Near-Term Risks For Overstock Overstock.com Inc’s (NASDAQ: OSTK) revenues through 2022 are likely to be under much more pressure than earlier anticipated throughout this year, according to BofA Securities. Benzinga · Apr 25, 2022
BofA's Key Takeaways From Coca-Cola Earnings Coca-Cola Co (NYSE: KO) reported its first-quarter organic growth higher than BofA and Street estimates, and this growth was led by higher volumes, according to BofA Securities. Benzinga · Apr 25, 2022
How E2open Is Riding The Supply Chain Wave, BofA Says E2open Parent Holdings Inc’s (NYSE: ETWO) shares are likely to re-rate in case SaaS (software as a service) revenue growth continues, according to BofA Securities. Benzinga · Apr 21, 2022
Benzinga · Apr 20, 2022 Pricing Drove Procter & Gamble's Sales Growth Beat: BofA Analysis Although Procter & Gamble Co (NYSE: PG) exceeded expectations by reporting more than 10% organic sales growth for the first quarter, the company’s margins contracted, according to BofA Securities.
Benzinga · Apr 20, 2022 Why BofA Cut Netflix Target Price By 50% Netflix Inc (NASDAQ: NFLX) reported negative net subscriber additions for the first quarter, at -203,000 versus guidance of 2.5 million and Street expectations of 2.6 million, according to BofA Securities.
Benzinga · Apr 19, 2022 BofA Downgrades Chemical Stocks Archer Daniels, Bunge Both Archer-Daniels-Midland Co (NYSE: ADM) and Bunge Ltd (NYSE: BG) seem to be nearing peak earnings, with a likely contraction in soybean crush margins over the next couple of years, according to BofA Securities.
Benzinga · Apr 18, 2022 Why Nektar Shares Are Down Almost 35% Shares of Nektar Therapeutics (NASDAQ: NKTR) have come under pressure after the company “announced the discontinuation of the remaining clinical development programs of bempeg + nivo (Opdivo) in collaboration with Bristo,” according to BofA Securities.
Benzinga · Apr 14, 2022 Oil Stock Momentum Shifting From E&Ps To Refiners: What Company Is BofA Securities' Top Pick? The U.S. refiners, rather than E&Ps, is where there is the “greatest potential for continued absolute outperformance,” according to BofA Securities.
Benzinga · Apr 13, 2022 BofA On PayPal CFO Departure, Company's New Strategy Although there were execution issues at PayPal Holdings Inc (NASDAQ: PYPL), the departure of John Rainey as CFO was unexpected and shares declined by 2% in after-hours trading on Tuesday, according to BofA Securities.
Benzinga · Apr 13, 2022 Warner Bros. Discovery Will Hit The Ground Running, BofA Says Warner Bros. Discovery (NASDAQ: WBD) has a strong management team and is getting ready to execute on multiple levels, according to BofA Securities.
Benzinga · Apr 12, 2022 BofA Says Paramount+ Momentum Continues Into 1Q Paramount Global’s (NASDAQ: PARA) first-quarter results are likely to reflect continued momentum and investments in streaming, according to BofA Securities.
Benzinga · Apr 12, 2022 Fund Managers Pessimistic Over Global Growth Expectation, Survey Suggests: Reuters As per a monthly survey by investment bank BofA Securities, optimism among fund managers over global economic growth has hit an all-time low. Concerns regarding possible stagflation have risen to the highest since August 2008. In the survey, 71% of survey respondents were pessimistic regarding the expectations for global growth in…
Benzinga · Apr 11, 2022 Why BofA Downgrades Fortune Brands, Masco Despite Demand For Building Products Industry checks indicate that demand for building products was “exceptionally strong” in the first quarter of 2022 and will continue to be strong through the second quarter due to “lean channel inventory and robust contractor backlogs,” according to BofA Securities.
Benzinga · Apr 7, 2022 What Is PayPal 3.0 — And How Does It Affect Investors? PayPal Holdings Inc (NASDAQ: PYPL) is undertaking several growth initiatives that could shape its future, according to BofA Securities. The PayPal Holdings Analyst: Jason Kupferberg maintained a Neutral rating on PayPal Holdings, with an unchanged price target of $118.