August 25, 2018 10:07 am
SunTrust was reported to have revised up its rating on Netflix Inc (NFLX) to “Buy” from “Hold” previously, as it cited positive subscriber outlook for the third quarter, based on its web search trend analysis. At the same time, the firm revised down its price target on the stock to $410 from $415 previously. Netflix […]
Read moreAugust 24, 2018 8:45 am
According to a report by Reuters earlier this week, citing sources with knowledge of the matter, Apple Inc (AAPL) is poised to obtain unconditional approval by EU antitrust regulators for its intended purchase of music discovery app Shazam. The app is able to identify songs when users point their smart phones at a particular audio […]
Read moreAugust 23, 2018 9:43 am
Wells Fargo reportedly cut its rating on AT&T Inc (T) on Wednesday to “Market Perform” from “Outperform” previously due to pressure stemming from a dynamic entertainment environment. The Wall Street bank also revised down its price target on the stock to $35 from $40 previously. AT&T shares closed lower for the second time in the […]
Read moreAugust 23, 2018 7:46 am
Piper Jaffray reportedly cut its rating on Starbucks Corporation (SBUX) to “Neutral” from “Overweight” previously, citing continued pressure with the coffee chains comparable store sales in the United States. The firm also revised down its price target on the stock to $53 from $60 previously. Starbucks shares closed lower for the first time in the […]
Read moreAugust 22, 2018 9:42 am
American International Group Inc (AIG) announced on Tuesday that it had appointed John Repko as its Executive Vice President and Chief Information Officer, effective September 4th. Repko is to succeed Martha Gallo, who will part ways with the company. AIG shares closed higher for a fourth consecutive trading session in New York on Tuesday. It […]
Read moreAugust 22, 2018 7:39 am
Bank of America Merrill Lynch reportedly raised its price target on Apple Incs (AAPL) stock yesterday to $250 from $230 previously due to confidence in the companys efforts to achieve diversification of its mobile application offerings. Apple shares closed lower for a second consecutive trading session on NASDAQ on Tuesday. The stock edged down 0.19% […]
Read moreAugust 21, 2018 9:40 am
Shares of Nike Inc (NKE) rose the most in seven weeks yesterday, after two research and analysis firms upgraded the athletic footwear and apparel manufacturer, while also raising their price targets on its stock. Nike shares closed higher for the second time in the past seven trading sessions in New York on Monday. It has […]
Read moreAugust 21, 2018 7:53 am
JP Morgan Chase reportedly cut its price target on Tesla Inc (TSLA) to $195 from $308 previously, as the bank cited a lack of funding required for Elon Musks plan to take the electric vehicle maker private, which he had announced in a tweet less than two weeks ago. Tesla shares closed higher for the […]
Read moreAugust 20, 2018 9:33 am
Ford Motor Company (F) said on Friday that its total vehicle sales in Europe went up 1.7% to 101 800 units in July compared to the same month a year earlier, as growth was observed in 10 out of 20 traditional European markets. The auto maker said that vehicle sales in Spain (up 17.2%), France […]
Read moreAugust 20, 2018 7:56 am
According to a Friday report by Bloomberg, citing sources familiar with the matter, Goldman Sachs Group Inc is being investigated by UK’s Financial Conduct Authority (FCA) over its reporting practices associated with the new regulatory framework within the European Union. Goldman Sachs shares closed higher for a second consecutive trading session in New York on […]
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