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Order Reprints Text size Drugstore chain Walgreens has seen shares slump over the last two years. But Guggenheim analyst Glen Santangelo upgraded the stock to Buy and set a $55 price target. Joe Raedle/Getty Images Walgreens Boots Alliance stock is rising early Monday, following two upgrades by and Baird Guggenheim, which argue that the worst may be over for the longtime laggard. At Guggenheim, analyst Glen Santangelo raised his rating on Walgreens (ticker: WBA) to Buy from Neutral, and established a $55 price target. He writes that the drugstore chain, while s...

The Federal Reserve building Olivier Douliery/AFP via Getty Images Bank investors might have thought they had reasons to fear a Democrat-controlled government. The prospect of higher taxes and increased regulation implies weaker earnings for the sector. But historical data collected over nearly 70 years suggests that bank investors not need to worry much about a Biden administration and Democrat-controlled Congress. Since the Nov. 3 election, bank stocks, as measured by the KBW Bank Index (ticker: BKX) have soared 31%, outpacing the 10.6% gain in the S&P 500 over ...

Order Reprints Print Article NIO Day 2021 was a success, at least according to Asia’s equivalent of Wall Street. The Chinese electric vehicle maker hosted its annual consumer event on Saturday, launching a new luxury sedan and talking about other battery and software improvements. Now analysts, mainly based in China and Hong Kong, are raising their price targets.NIO stock (ticker: NIO) closed up about 6.4% Monday to just under $63 a share. Shares are up roughly 1,700% over the past year. The S&P 500, for comparison, finished about 0.7% lower. Monday’s... Close NIO Is Rallyin...

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 number of shares outstanding by 194 million—or about 24% of the total outstanding before the Tabl...

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 Hennessy-Louis Vuitton’s (LVMH.Italy) Sephora cosmetics chain. He said that will prove to be “transfo...