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The downgrade comes after the company’s robust third-quarter earnings report, which Bania applauds. Her concern is how pricey the stock has gotten. While she is still upbeat about Albertsons’ execution and strategy, she says the stock’s valuation gap with Kroger (KR) has closed. That said, Bania does think that the company will get a lift from ongoing pandemic trends. Albertsons didn’t provide much in the way of specific guidance, other than indicating it expects to beat fiscal 2022 consensus estimates, and she says that is achievable. Bania raised her own fiscal 2022 and 202...

Daniel Acker/Bloomberg Visa and Plaid have called off their merger because of federal antitrust opposition to the deal. The companies struck an agreement to merge a year ago, with Visa (ticker: V) agreeing to pay $5.3 billion for the payments-technology company. Plaid verifies and links accounts on apps like PayPal Holdings ’ (PYPL) Venmo service with a user’s bank account. Visa and Mastercard (MA) had both invested in Plaid, which began in 2012. But in November, the Justice Department sued to block the merger, arguing that Visa was a monopolist in onli...

Order Reprints Text size At a virtual meeting with analysts, Zscaler gave investors reason to feel renewed enthusiasm for the stock. Dreamstime Zscaler shares traded higher Tuesday just one day after the security software company hosted an apparently well-received virtual meeting with analysts. The company did not update its financial outlook at the meeting but it gave investors reason to feel renewed enthusiasm for the stock. At least four analysts raised their target prices for Zscaler shares (ticker: ZS) following the meeting. Credit Suisse analyst Brad Zeln...

Palantir went public in September in a direct listing. Michael Nagle/Bloomberg Palantir Technologies has had an impressive early run in the public markets, direct-listing on the New York Stock Exchange in late September at $10 a share and rallying as high as $33.50 before recently settling into the mid-to-high $20s. But at least one analyst thinks the stock is heading for a far tougher year in 2021. Citigroup’s Tyler Radke on Wednesday cut his rating on Palantir (ticker: PLTR) to Sell from Neutral, while lifting his price target to $15 from $10. He thinks that after the h...

Order Reprints Print Article Electric vehicles can be expensive to develop and build. But Nomura analyst Anindya Das believes General Motors can make money selling EVs, and that possibility led him to change his thinking about the century-old auto maker. On Wednesday, Das upgraded GM (ticker: GM) stock to Buy from Hold. His price-target increase is big, more than doubling to $60 a share from $27. GM... Close Electric vehicles can be expensive to develop and build. From