Page 105 - Street Notes News Today

Salesforce (CRM), alas, might not be the best way to play it. Piper Sandler analyst Brent Bracelin on Monday cut his rating on Salesforce to Neutral from Overweight, while keeping his $242 price target. His view is that this “hungry hippo” needs time to digest two of its largest acquisitions: the $15.7 billion deal for Tableau in 2019 and the pending $27.7 billion takeover of Slack Technologies (WORK). He notes that the amount of stock issued in the two deals combined increases the...

Kohl’s is rising early Monday after an upgrade from UBS, which argued that the department-store chain will be able to compete more effectively because of the industry changes brought about by Covid-19. Analyst Jay Sole raised his rating on Kohl’s (KSS) to Neutral from Sell and nearly tripled his price target to $42 from $15. In a Jan. 11 note, he wrote that the pandemic’s shakeout of the retail landscape allowed the company to win its new partnership with LVMH Moët Hennes...

Order Reprints Print Article Electric-vehicle investors are going to have to get used to hearing about competition from companies other than traditional auto makers. On Sunday, Chinese internet search company Baidu announced it’s teaming up with Chinese auto maker Geely to build a smart EV. The news doesn’t come as a shock to EV and auto investors. Baidu (ticker: BIDU) has been rumored to be looking into cars for a while. Now it is official. And reports have been circulating that...

Morgan Stanley’s Devin McDermott says that the stock could return 30%.

Order Reprints Text size Passengers waiting at the Southwest Airlines counter at Ronald Reagan Washington National Airport. Daniel Slim/AFP via Getty Images Investors who buy airline stocks may now have to endure some pain and take a “leap of faith” that revenues will recover sharply in the second half of the year, one analyst says. Airlines came into the new year with high hopes of sustaining some momentum from December, when air traffic soared around the holidays�...

Dreamstime Roku stock is nearing even the most bullish analyst price targets. Citigroup analyst Jason Bazinet thinks the run can continue. Bazinet in a note on Sunday raised his price target on the stock (ticker: ROKU) to $460 a share, from $375 a share. He ended September with a $220 target. His new target is higher than any other price target listed by FactSet, and implies 15% upside from recent levels. The mean price target is $302.15, according to FactSet. Last week, Roku...

Analyst Dana Telsey raised her estimates for Signet’s financial performance on Monday. But she still isn’t recommending buying the stock.

. The 100,000 mark is impressive. Tesla’s (TSLA) Cybertruck has taken in hundreds of thousands of orders, but Tesla is an $800 billion behemoth. Lordstown is valued at less than $4 billion. The mark is also noteworthy because it shows orders are piling up. An update on the Endurance in November said the company had taken in 50,000 reservations from commercial-fleet operators. Many light-duty trucks end up in use by businesses. Production of the pickup truck is slated to begin in the...

Dreamstime BioMarin Pharmaceutical has been running the world’s largest clinical trial of a gene therapy in hopes of sparing hemophilia patients from frequent bleeding and chronic drug infusions. But the company suffered a rebuke last August, when U.S. regulators demanded a lengthier study before approval would be considered. On Sunday, BioMarin (ticker: BMRN) released data on the first year of the continuing study of its Roctavian therapy. The data looked good. In 112 part...

Investors should remain selective when it comes to home-builder stocks. Joe Raedle/Getty Images The housing market might be primed for a strong start to 2021—but the bag is mixed for home-builder stocks, says an RBC Capital Markets analyst. “We believe enthusiasm around housing is warranted as we enter 2021 on strong footing,” writes RBC analyst Mike Dahl in a Friday research report. Even still, the analyst lowered his price targets on home builders by 6%. “We see risk t...