BofA Reinstates Coverage Of EA & Take Two While the COVID-driven joiner-churn in the interactive media sector is likely to have subsided, increases in gamer budgets may persist, according to BofA Securities. Benzinga · Apr 6, 2022
Palo Alto Networks vs. Fortinet: Which Cybersecurity Stock is a Better Buy? Today I'll analyze and compare Palo Alto Networks (PANW) and Fortinet (FTNT) to determine which cybersecurity stock is currently a better investment. StockNews.com · Apr 6, 2022
BofA On Exxon's Record Earnings Guidance Exxon Mobil Corp’s (NYSE: XOM) latest 8-K filing for the first quarter of 2022 indicates another robust sequential earnings growth, according to BofA Securities. Benzinga · Apr 5, 2022
BofA Downgrades First Solar On Lack Of Pricing Power Although there are several tailwinds for First Solar, Inc. (NASDAQ: FSLR), U.S. policy challenges have “consistently failed” to drive pricing power for the company, according to BofA Securities. Benzinga · Apr 5, 2022
Xponential Fitness Shares Slip On Secondary Equity Offering By Existing Shareholders Xponential Fitness Inc (NYSE:XPOF) commenced an underwritten public offering of 4.5 million shares of the company’s Class A common stock by certain existing stockholders, affiliates of Snapdragon Capital Partners. Underwriters granted a 30-days option to purchase up to an additional 675,000 shares. Xponential will not receive any proceeds from the sale of the… Benzinga · Apr 4, 2022
Qualtrics International Analyst: Leadership Position Justifies Premium Valuation Qualtrics International Inc (NASDAQ: XM) is widely considered the pioneer of the XM — experience management —market, which is vast, estimated at more than $60 billion, and encompasses employee, customer, brand and product experience, according to BofA Securities. Benzinga · Mar 31, 2022
BofA Upgrades Southwest Gas After Share Issuance Southwest Gas Holdings Inc (NYSE: SWX) has announced the issuance of 5.5 million shares of common stock at a public offering price of $74 per share plus a 30-day underwriters’ option to purchase another 825,000 shares or around $468 million in gross proceeds, according to BofA Securities. Benzinga · Mar 30, 2022
Why 2022 Is Off To A Good Start For Harley Davidson Harley-Davidson Inc (NYSE: HOG) is likely to have a good year in 2022, with rising fuel prices supporting higher demand for motorcycles, which continues to exceed supply, according to BofA Securities. Benzinga · Mar 29, 2022
BofA Downgrades Honest Company On Q4 Miss, Guidance Honest Company Inc’s (NASDAQ: HNST) fourth-quarter earnings significantly missed the consensus estimates and management guided to a 15% decline in sales for the first quarter of 2022 and to flat sales and gross margins for fiscal 2022, according to BofA Securities. Benzinga · Mar 28, 2022
Why This Arcos Dorados Analyst Is Turning Bullish After Q4 Earnings Arcos Dorados Holdings Inc (NYSE: ARCO) reported stronger-than-expected sales and achieved an impressive gross margin recovery in its fourth-quarter report, with “better operating leverage on leaner cost structures,” according to BofA Securities. Benzinga · Mar 24, 2022
Logitech International Offers 'A Strong Track Record," BofA Says Logitech International SA (NASDAQ: LOGI) is likely to generate a compounded annual growth rate of 8% in revenues and 10% in EBITDA between fiscal 2022 and 2026, according to BofA Securities. Benzinga · Mar 24, 2022
Tesla's Global Market Share Is Up 140% In 2022: Where Do Other Automakers Stand? Global auto sales are recovering from the trough seen in September 2021, and the industry has thrown up some winners and some laggards, according to an analyst at BofA Securities. Benzinga · Mar 23, 2022
'No Idea Why Dogecoin Market Is $36B:' BofA Analyst Slams Meme Coin, Says It Has No Use Case BofA Securities head of cryptocurrency and digital assets Alkesh Shah said he has “no idea” why Dogecoin (CRYPTO: DOGE) has a market value of $36 billion. Benzinga · Mar 23, 2022
BofA Raises Oil Refiner Price Targets, Names 6 Top Stock U.S. refiners are enjoying a relative advantage that could last longer than the “Golden Age” in the mid-2000s, according to BofA Securities. Benzinga · Mar 22, 2022
Benzinga · Mar 22, 2022 BofA: 3 Upgrades, 3 Downgrades On New Set Of Global Challenges Corporates are facing new challenges, including the Russia-Ukraine war, COVID outbreaks in China, rising energy prices, interest rate hikes, and new supply chain disruptions, some of which could materialize into new headwinds, according to BofA Securities. The Chemicals Analyst: Steve Byrne upgraded three stocks and downgraded three others.
Benzinga · Mar 21, 2022 Why Does BofA Analyst Like Deutsche Bank Stock? Deutsche Bank AG (NYSE: DB) is poised to benefit from interest rate hikes and market volume growth, according to BofA Securities.
Benzinga · Mar 18, 2022 StoneCo Stock Is Spiking Despite Q4 Earnings: What Does This BofA Analyst Think? Although StoneCo Ltd (NASDAQ: STNE) reported its non-GAAP net income 48% below Street expectations, its operating trends reflected better revenue generation on robust TPV growth, take rate expansion and lower administrative expenses, according to BofA Securities.
Benzinga · Mar 16, 2022 Why BofA Bullish Is On Aluminum, Reinstating Buy Rating For Alcoa Alcoa Corp (NYSE: AA) aims to become first quartile in aluminum by 2024, while the sentiment is bullish for aluminum due to capped Chinese supply, potential risks on Russia’s supply and Europe facing supply headwinds due to high energy costs, according to BofA Securities.
Benzinga · Mar 15, 2022 BofA Upgrades Ascendis Pharma After Promising TCP Phase 3 Data Following Ascendis Pharma’s (NASDAQ: ASND) reporting of positive topline Phase III data for its PaTHway trial of TransCon PTH (TCP) in adults with hypoparathyroidism, the likelihood of success of its TCP has increased from 60% to 75%, according to BofA Securities.
Benzinga · Mar 9, 2022 BofA Downgrades PayPal, DXC Technology, Upgrades 2 Other Payment Stocks: What Investors Need To Know While there is heightened geopolitical risk and macro uncertainty, the U.S. labor market remains solid, according to BofA Securities, which made rating changes to four stocks in the payments sector Wednesday. The Payments Analyst: In separate reports, analyst Jason Kupferberg changed the ratings and price targets for four payment stocks.
Benzinga · Mar 8, 2022 BofA Names Top 5 European Energy Stocks To Buy During Oil Shock There seems to be more runway for big oils and the geopolitical disruption scenarios seem underpriced, according to BofA Securities. The European Oil & Gas Outlook: Analyst Christopher Kuplent named Shell and TotalEnergies as the Big Oil top picks and changed the target prices for:
Benzinga · Mar 7, 2022 Which 6 Defense Stocks Did A BofA Analyst Raise The Price Targets? Against the backdrop of the Russia-Ukraine conflict, the U.S. defense budget could increase to 3.5% to 4% of GDP, according to BofA Securities. The Defense Analyst: Ronald Epstein reiterated the ratings for defense stocks while raising their price targets.
Benzinga · Mar 7, 2022 BofA Downgrades Natural Gas and Electric Power Company UGI On Heightened Risks UGI Corp (NYSE: UGI) faces heightened risks due to the increased volatility in commodity markets resulting from the Ukraine-Russia conflict, according to BofA Securities.
Benzinga · Mar 3, 2022 Why BofA Cuts Citigroup Price Target After Investor Day Citigroup Inc’s (NYSE: C) management presented a “realistic set of financial goals” during the investor day event, according to BofA Securities.
Benzinga · Mar 3, 2022 Kinross Gold Suspends Russia Operations Kinross Gold Corporation (NYSE: KGC) announced Wednesday plans to suspend operations at its Kupol mine in Russia. The company is also in the process of suspending all activities at its Udinsk development project in the country, according to BofA Securities.