Target (TGT) has an average rating of hold and mean price target of $126.67, according to analysts polled by FactSet.
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Price: $119.56, Change: $-2.23, Percent Change: -1.83%
Akamai Technologies' (AKAM) story has shifted from a legacy delivery network to a "credible" artificial intelligence infrastructure platform, BofA Securities analysts said in a Wednesday note.Analysts said the company's Cloud Infrastructure Services is inflecting, growing 40% from a year earlier, with momentum supported by AI workloads and edge inference use cases.BofA said the company's new $1.8 billion deal will add $20 million to $25 million per quarter from Q4, creating more recurring, capacity-based revenue.BofA said that Akamai "is able to leverage its existing network and Enterprise customer base to expand into new markets and product offerings."Analysts upgraded the stock's rating to buy from neutral and raised its price target to $175 from $130.Price: $160.18, Change: $+10.62, Percent Change: +7.10%
(Updates with statement from France's Council of State in first and second paragraph and Amazon's response in the third paragraph.)Amazon's (AMZN) legal challenge over the minimum delivery charge of 3 euro ($3.5) on book orders under 35 euros was rejected by France's Council of State, the administrative court said on Wednesday.The Council of State ruled that the minimum delivery charge, as set by the French government in 2023, does not violate the free movement of goods guaranteed by the Treaty on the Functioning of the European Union, according to a Google translation.An Amazon spokesperson toldin an emailed response that the court's decision was "disappointing," and that this measure has cost readers over 100 million euros, driven the French further away from books, and has strengthened large retail chains rather than independent booksellers.Price: $264.95, Change: $-0.87, Percent Change: -0.33%
Anheuser-Busch (BUD) said Wednesday it will invest $5 million in its brewery in Columbus, Ohio, to ramp the production of Michelob Ultra beer and the Michelob Ultra zero non-alcohol brew.The company is also inaugurating a technical skills training center in Columbus to support manufacturing professionals in Ohio, according to a statement.This investment is part of the company's Brewing Futures initiative to invest $600 million across US operations, the company said.Price: $79.72, Change: $-0.09, Percent Change: -0.12%