Exxon (XOM) Set to Sell French Assets Stake for €400 Million
According to Bloomberg’s May 28 report, Exxon Mobil Corp.
Author Archive - Rizwan Siddiqui
BP (BP) Nears Castrol Sale Amid Strategic Shifts and Investor Pressure
On May 28, Bloomberg reported that BP Plc (NYSE:BP) is considering selling its Castrol lubricant business as part of an ongoing strategic review, citing internal sources.
e.l.f. Beauty (ELF) Buys rhode for $1 billion, Eyes Premium Market Growth
On Wednesday, May 28, e.l.f. Beauty Inc. (NYSE:ELF) announced the acquisition of makeup and skincare brand rhode for approximately $1.0 billion.
Keefe Bruyette Raises Target as Travelers Companies (TRV) Divests Canadian Businesses
On Tuesday, May 27, The Travelers Companies Inc.
Truist Initiates Teva Pharmaceuticals (TEVA) Coverage with Buy, $25 Price Target
Teva Pharma is an Israeli pharmaceutical company best known as one of the world’s largest manufacturers of generic drugs.
Needham Endorses Salesforce’s (CRM) Informatica Deal, Keeps $400 Target
Scott Berg, an analyst at Needham, gave Salesforce Inc.’s (NYSE:CRM) acquisition of Informatica a thumbs-up on May 28, reiterating his Buy rating and keeping his price target...
Apple (AAPL) Expands Gaming Strategy with New Dedicated App
On May 28, Bloomberg reported that Apple Inc.
Motorola Solutions (MSI) Acquires Silvus Technologies for $4.4 Billion
On Wednesday, May 28, Motorola Solutions Inc.
Wells Fargo Maintains Buy Rating on Bank of America (BAC) Stock
Mayo believes that Bank of America has significantly strengthened its balance sheet over the last 15 years, as evidenced by its performance in the Federal Reserve’s stress tests...
Morgan Stanley Stays Cautious on U.S. Steel (X), Expects Stock to Hit $55
On May 26, an analyst from Morgan Stanley reiterated his cautious stance on United States Steel Corp. (NYSE:X) with an Equal-Weight rating.
Morgan Stanley Names Coupang (CPNG) Its New Top Pick, Lifts PT
On May 27, Coupang Inc.
Tesla’s (TSLA) Supply Strategy Supports Morgan Stanley’s Bullish Outlook
With an unchanged price target of $410, Morgan Stanley analyst Adam Jonas maintained a Buy rating on Tesla Inc. (NASDAQ:TSLA).
JP Morgan Stays Neutral on ArcelorMittal (MT) Amid Uncertainty
On Tuesday, May 27, JP Morgan analyst Dominic O’Kane maintained a Neutral rating on ArcelorMittal S.A. (NYSE:MT) with an unchanged price target of €30.5.
BofA Takes Wait-and-See Approach on Sea Ltd. (SE)
On Tuesday, May 27, Bank of America Securities analyst Sachin Salgaonkar maintained a Hold rating on Sea Limited (NYSE:SE), keeping the price target unchanged at $170.
BTIG Downgrades Globus Medical (GMED) to Neutral on Spine Business Concerns
On Tuesday, May 27, an analyst from BTIG downgraded Globus Medical Inc. (NYSE:GMED) from Buy to Neutral, citing concerns about its Spine business.
Jeffries Downgrades United States Steel (X) to Hold, Lifts PT
On Monday, May 26, Jefferies analyst Chris LaFemina downgraded his rating on United States Steel Corp.
BofA Reiterates Buy on Salesforce (CRM) Amid Informatica Talks
On May 23, Bank of America Securities analyst Bradley Sills reiterated his Buy rating on Salesforce Inc.
Morgan Stanley Maintains Hold on Coherent (COHR), Lifts PT
The company is expected to hold its investor day on May 28, where Marshall expects it will present a long-term growth plan.
Nvidia (NVDA) to Help Build Sweden’s First AI Infrastructure
Bloomberg reported on May 23 that Nvidia Corp.
CoreWeave’s (CRWV) Ascent Implies That with Great Data Comes Great Responsibility
CoreWeave Inc. (NASDAQ:CRWV) has delivered edge-of-the-seat excitement for investors this year.
Robert W. Baird’s Buy on Zoom (ZM) Driven by Innovation-Led Growth
Following the company’s strong Q1 2026 (FY ends in January) results, Robert W.
William Blair Maintains Optimistic View on Autodesk (ADSK)
On Friday, May 23, William Blair analyst Dylan Becker reiterated his Buy rating on Autodesk Inc.
BofA Reiterates Buy on Baidu (BIDU), Lowers PT
On May 22, Bank of America Securities analyst Miranda Zhuang reiterated a Buy rating on Baidu Inc. (NASDAQ:BIDU).
Morgan Stanley Stays Cautious on Phillips 66 (PSX) Due to Strategic Issues
[caption id="attachment_1200206" align="aligncenter" width="1456"] A refinery manager walking through an array of pipes and pumping systems, recognizing the company's vast refining...
Goldman Sachs Considers Monster Beverage (MNST) A Highly Appealing Investment
On May 22, Goldman Sachs analyst Bonnie Herzog called Monster Beverage Corp. (NASDAQ:MNST) among the most appealing growth opportunities within the consumer staples sector.
Citizens JMP Initiates Core Scientific with an Outperform
The analyst based his optimistic outlook on Core Scientific’s existing infrastructure of low-cost and high-density mining facilities, which he believes could be leveraged to...
Telsey Downgrades Target (TGT) on Persistent Headwinds and Execution Concerns, Cuts PT
Following Target Corp.’s (NYSE:TGT) Q1 results, an analyst from Telsey Advisory downgraded his rating on the shares to Market Perform from Outperform and reduced the price target...
Snowflake (SNOW) Reports Strong Q1, Raises Full-Year Outlook
After the market closed on May 21, Snowflake Inc. (NYSE:SNOW) reported its FQ1 2026 results (FY ends in January), which were better than street expectations.
TD Cowen Keeps a Buy on Medtronic (MDT) After Better Growth in Q4
The analyst viewed FQ4 2025 results favourably as the company managed to post an organic sales growth of 5.4%, ahead of street expectations of 4.6%.
Citizens JMP Initiates on CoreWeave (CRWV) With a Cautious View
On the positive side, the analyst noted that CoreWeave has a low-cost, high-density infrastructure used initially for bitcoin mining, which it could repurpose to support its data...
BofA Downgrades Target (TGT) Despite Cheaper Valuation, Cuts PT
After the company’s Q1 results release on May 21, BofA downgraded Target Corp.
TD Cowen Reiterates Cautious View on Target Corp. (TGT)
On May 21, TD Cowen analyst Oliver Chen continued his cautious view on Target Corp. (NYSE:TGT) with a Hold rating.
Google (GOOGL) Under Antitrust Scrutiny for Character.AI Deal
On Thursday, Bloomberg reported that the U.S.
JP Morgan Keeps Faith in UnitedHealth (UNH) Amid Regulatory Reviews
On May 22, JP Morgan analyst Lisa Gill reiterated her optimistic view on UnitedHealth Group Inc.
Wells Fargo reiterates Buy Rating on Home Depot (HD)
After stronger Q1 2025 results, the analyst became more confident that the company would achieve its guidance for 2025, especially after the management mentioned that the sales...
Take-Two Interactive (TTWO) Raises $1.0 Billion in Equity
After the market closed on Tuesday, Take-Two Interactive Software Inc.
Nintendo (NTDOY) Tag-Teams with Samsung for Switch 2 Console Chip
On May 20, Bloomberg reported that Nintendo (OTC:NTDOY) has partnered with Samsung Electronics to produce a key processor chip for its upcoming Switch 2 gaming console.
Wolfe Research Sees Margin Recovery As Key Catalyst for Unitedhealth (UNH)
Despite the company's recent setbacks, Wolfe Research analyst Justin Lake reiterated his bullish view on UnitedHealth Group Inc. (NYSE:UNH).
Uber Technologies (UBER) Raises $1.2 Billion Using Unusual Deal Structure
As a display of creative financial mechanisms, Uber Technologies Inc. (NYSE:UBER) raised around $1.2 billion last week through an exchangeable bond deal.
RBC, Jefferies Back Fair Isaac Corp. (FICO) After Stock Declines
RBC remains optimistic on Fair Isaac Corp.
PNC Financial (PNC) Acquires Aqueduct Capital to Expand Services
On May 20, The PNC Financial Services Group Inc. (NYSE:PNC) announced the acquisition of Aqueduct Capital Group (ACG).
Citi Keeps Its Conviction on Mercadolibre (MELI) Despite Regulatory Noise
On May 19, Citi analyst Joao Soares reiterated his Buy rating on MercadoLibre Inc. (NASDAQ:MELI) with an unchanged price target of $2,450.
Pony AI (PONY) Reports Strong Revenue Growth, Net Loss Shrinks
On Tuesday, Pony AI Inc. (NASDAQ:PONY) reported Q1 2025 results, which were better than street expectations.
DBS reiterates Buy on Uber Technologies (UBER)
The analyst highlighted Uber’s strong financial performance, particularly its better-than-expected adjusted EBITDA in its recently reported Q1 2025 results.
Morgan Stanley Positive on Intuit (INTU) Amid Cautious Yet Promising Guidance
On May 19, Keith Weiss from Morgan Stanley reiterated a Buy rating on Intuit Inc. (NASDAQ:INTU), with a price target of $720.
Oppenheimer Remains Optimistic on Netflix (NFLX) Given Strong Competitive Positioning
On May 19, Oppenheimer analyst Jason Helfstein published a bullish note on Netflix Inc.
Barclays Calls Adobe’s (ADBE) New Pricing Plan Supportive to Future Growth
On May 16, Barclays analyst Saket Kalia praised Adobe Inc.’s (NASDAQ:ADBE) new pricing tiers for its Creative Cloud offerings.
Blackstone (BX) Acquires TXNM Energy For $11.5 Billion
On May 19, Blackstone Inc.’s (NYSE:BX) infrastructure unit announced the acquisition of utility company TXNM Energy Inc. (NYSE:TXNM).
Argus Sees Union Pacific (UNP) As A Compelling Opportunity
On May 16, Argus Research analyst Kristina Ruggeri pointed to Union Pacific Corp.'s (NYSE:UNP) recent underperformance as a buying opportunity.
Jefferies’ Bullish Rating on Vistra (VST) Bolstered by Multiple Growth Drivers
On May 16, Julien Dumoulin Smith from Jefferies commended Vistra Corp.’s (NYSE:VST) recent strategic decisions, underpinning his Buy rating on the shares.
