Page 103 - Street Notes News Today

Order Reprints Text size Home Depot could begin buying back stock this year, the analyst says. Al Bello/Getty Images Home Depot stock is getting a lift following an upgrade from Guggenheim, which says the home improvement retailer’s profits will rise thanks to recent investments. Analyst Steven Forbes raised his rating on Home Depot (ticker: HD) to Buy from Neutral, and established a $310 price target for the stock. The move comes on the heels of the company’...

Order Reprints Text size Even banks that aren’t part of the merger bonanza can expect to see positive effects from a wave of consolidation. Dreamstime After a relatively dormant 2020, Wall Street expects a surge of bank mergers this year. The economic impact of the coronavirus pandemic dampened much of the expected merger activity for 2020—even as it served to intensify the rationale for why banks should combine. Last year, amid the worry over low interest rates and ...

Can the streaming service exceed its forecast of net new subscriber additions of 6 million for the quarter?

Order Reprints Text size Urban Outfitters shares were down about 6% in early Wednesday trading. Tolga Akmen / AFP via Getty Images Shares of Urban Outfitters are sinking early Wednesday after a disappointing holiday sales update, where the apparel retailer highlighted challenges that soaring Covid-19 case counts presented during the key selling season. Urban Outfitters (ticker: URBN) said late Tuesday that sales for November and December fell 8.4% year over year,...

Target had a great 2020; and Credit Suisse argues that momentum should carry into this year when the big retailer discloses preliminary results for the December holidays.

Order Reprints Print Article The coming year will be big for hydrogen-based technologies and bring with it plenty of good news for shares of Ballard Power Systems, a Raymond James analyst predicts. In a Monday report, analyst Michael Glen described 2021 as a “watershed moment in the history of the hydrogen economy.” He expects an accelerating number of hydrogen-related announcements by companies and countries regarding hydrogen technology and its ability to wean the world off fue...

Roku stock has garnered another price target raise. “We’re not stepping off this train,” Macquarie analyst Tim Nollen wrote in a note on Tuesday. Nollen raised his target price for Roku stock (ticker: ROKU) to $450 from $276 and maintained an Outperform rating. He called Roku a category leader, with several trends converging, while the company builds its businesses “on top of its fast-growing platform.” Roku stock has soared 211% in the past year, including a 25% year-to-date....

Mizuho says oil stocks are ripe for a rebound. Jeff J Mitchell/Getty Images Investors have been stressed about the possibility that oil demand has already peaked and it could be all downhill from here. The pandemic has reduced demand for oil as fewer people commute to work, and a shift to renewables will soon reduce demand for oil on a longer-term basis. But one analyst says the doom-and-gloom may be overstated. In fact, Mizuho analyst Daniel Boyd is betting that oil companies—wh...

Order Reprints Print Article Shares of fuel-cell technology company Plug Power are racing higher after Wall Street gave the stock another boost Tuesday. Wall Street, however, isn’t the big reason shares are higher. That’s due to another partnership Plug announced with a global vehicle maker. Tuesday, Plug (ticker: PLUG) signed a memorandum of understanding with Renault (RNO.France). The pair plan to form a joint venture to develop hydrogen-fuel-cell-powered light commercial vehic...

The president could bring in $300 million of revenue a year with a new social-media platform or TV channel, according to back-of-the-envelope math from LightShed Partners.