US inflation data suggests that the rate at which prices are increasing is slowing down. Marathon Oil saw a price uptick of 1.89% on July 12, 2023, following the CPI data release. The S&P 500 energy index also rose 1.1% on July 12, 2023.
Jeffries increased its price target on Home Depot from US$349 to US$370 as it sees long-term demand in the home improvement industry. The stock has a consensus mean price target of US$ 315.05 as on July 10, 2023. This is 1.54% higher than its …
Guggenheim upgraded Exelon from a Neutral rating to a Buy rating, despite slower outlook for the utilities sector. The broker believes that Exelon has higher growth trajectory than its peers. EXC closed at US$ 40.96 on Friday, July 7, 2023.
BNP Paribas upgraded Nucor from a Neutral rating to an Outperform rating. The broker believes that there is “uniquely strong” sales and distribution outlook for rebar and plate. NUE closed at US$ 160.45 on Wednesday, July 5, 2023.
Constellation Brands saw higher price targets from brokers as it released its earnings report for Q1 FY24. STZ shares closed at US$ 247.47 on Monday, July 3, 2023, taking its YTD gains to 6.21%.
Broker have maintained a ‘Hold’ rating on Atlassian (NASDAQ: TEAM) despite its stable performance in Q3 FY23. Many Atlassian insiders have sold company shares over the past quarter.
Broker have maintained a ‘Buy’ rating on TD SYNNEX (NYSE: SNX) and Transphorm Inc. (NYSE: TGAN) post the release of their earnings update. The consensus price target on SNX is US$ 112.09 and on TGAN is US$ 6.50.
Vertex Energy reports its first commercial sale of renewable diesel. Stifel upgraded its rating on Vertex to ‘Buy’ on June 26, 2023, the same day when the company released its commercial sale announcement.
Analysts are bullish on Darden Restaurants (NYSE: DRI) after the company announced its Q4 FY23 and full year FY23 results. DRI stock has a consensus price target of US$ 173.92 as on June 26, 2023.
Analysts upgraded their ratings on Oracle Corporation post the release of the company’s financial results for Q1 FY23. A majority of 20 analysts have maintained a ‘Hold’ rating on Oracle among the 32 analysts who have covered the stock.