Analyst Megan Alexander initiated the stock with an overweight rating and assigned it a price target of $27.
Category: Finance News
The U.S. is weaker now than when we downgraded in 2011, former S&P ratings chairman says
The U.S. is in a weaker position now than when S&P downgraded its sovereign credit rating in 2011, according to the former chairman of the agency’s Sovereign Rating Committee.
FTC files lawsuit against Amazon. Here’s how to play the stock
Pros on CNBC talked about Amazon as the FTC and 17 states filed a highly expected lawsuit against the online retailer.
SoftBank-backed Improbable slashes losses by 85%, says pivot to the metaverse has paid off
Improbable, which is backed by SoftBank, said its revenues more than doubled last year after a pivot to powering new “metaverse” experiences.
Stocks making the biggest moves midday: SiriusXM, Cintas, United Natural Foods and more
These are the stocks posting the largest moves in midday trading.
Fed’s Neel Kashkari sees 40% chance of ‘meaningfully higher’ interest rates
Kashkari thinks there’s nearly a 50-50 chance that interest rates will need to move significantly higher to bring down inflation.
JPMorgan’s UK digital bank blocks customers from buying crypto
From Oct. 16, Chase UK customers will “no longer be able to make crypto transactions via debit card or by outgoing bank transfer.”
Investors will be rewarded over the long term for buying these cheap bank stocks, Oppenheimer says
The firm named several capital markets-oriented banks as winners of the recovering industry, recommending Bank of America and JPMorgan among others.
Dimon warns that the Fed could still raise interest rates sharply from here
“I am not sure if the world is prepared for 7%,” he told The Times of India in an interview.
Stocks making the biggest moves premarket: Fisker, Tesla, United Natural Foods and more
These are the stocks posting the largest moves in premarket trading.