Page 98 - Street Notes News Today

A Senate committee grilled Howard Schultz over the companys labor practices.

There is no indication that the two companies are engaged in talks, but Wall Street can keeping wishing.

Jefferies economist Thomas Simons says the average monthly student-loan payment of $393 before the pandemic now represents 1.3% of discretionary personal-consumption expenditures.

For fiscal year 2023, the company expects a net revenue range of $9.3 billion to $9.41 billion.

Analyst Jay Sole says interest rate increases will have a bigger effect than previously thought and industry priorities are in the wrong place.

Piper Sandler analyst Harsh Kumar increased his price target on Nvidia stock to $300 from $275 and reaffirmed his Overweight rating.

Mizuho estimates that there are at least 70% to 75% of the amount of Cash App users reported by the company—far more than what a short seller suggested.

BofA Securities analyst Jessica Reif Ehrlich raised her rating on the company to Buy from Neutral and increased her target for the share price.

The near-term fundamentals for Roku look to be bottoming out and set to improve, Susquehanna analysts said, while long-term drivers remain in play.

Monday, Baird analyst Mig Dobre downgraded shares of Caterpillar and United Rentals to Sell from Hold.