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Wire42d ago

Broadridge Financial Solutions Keeps Quarterly Dividend at $0.975 a Share, Payable July 2 to Holders of Record June 12

$BR

Wire42d ago

Moderna's Experimental Flu Shot to be Reviewed by FDA Panel in June, Bloomberg Reports

$MRNA

Wire42d ago

E.l.f. Beauty Faces Slowing Core Cosmetics Demand Despite Strong Skin Care Growth, Morgan Stanley Says

E.l.f. Beauty (ELF) faces slowing demand in its core cosmetics business in fiscal 2027, while pricing investments, innovation efforts and higher costs create uncertainty despite continued strength in skin care and rhode expansion, Morgan Stanley said in a note Thursday.The investment firm said the main e.l.f. cosmetics brand, which makes up about two-thirds of retail sales, has slowed and could be flat to slightly higher in fiscal 2027 based on its estimates. The company plans targeted price cuts and more product launches to improve demand.However, Morgan Stanley said the benefit remains uncertain and lower prices could weigh on sales.Skin care remains a stronger part of the business, helped by rhode, Naturium and e.l.f. Skin. Morgan Stanley said rhode's long-term staying power remains unclear in a crowded beauty market. However, the brand still has room to expand through more stores, more countries and new products, including a planned Sephora expansion in Europe in Sept. 2026.Fiscal Q4 results were better than expected, helped by rhode, while fiscal 2027 guidance was roughly in line with estimates but does not include possible cost pressure or planned pricing moves.Morgan Stanley kept an equal-weight rating for e.l.f. and cut its price target to $59 from $67, citing weaker near-term demand, slower share gains, pricing risk and higher cost uncertainty.Price: $51.46, Change: $+0.74, Percent Change: +1.46%

$ELF

Wire42d ago

JBT Marel Offers Unique Combination of Growth Drivers, Oppenheimer Says

JBT Marel (JBTM) is an interesting investment opportunity, given its unique combination of secular growth, high margin recurring revenue, and robust free cash flow generation, Oppenheimer said in a Thursday report.The company's protein segment is a leader in protein processing equipment, while its prepared foods business holds top market positions in downstream value-added preparation, preservation, and packaging of ready-to-eat foods, the Oppenheimer analysts said.JBT Marel appears positioned to outgrow the market by 200 to 300 basis points and deliver an organic revenue compound annual growth rate of 5% to 7% from fiscal 2025 through 2028, driven by revenue synergies and growth initiatives, according to the report.Oppenheimer initiated coverage of JBT Marel with an outperform rating and a $175 price target.Price: $128.78, Change: $+0.07, Percent Change: +0.05%

$JBTM

Wire42d ago

Intuit Seen Facing Pressure From TurboTax Weakness Despite Fiscal Q3 Beat, Oppenheimer Says

Intuit (INTU) posted a fiscal Q3 beat and raised its fiscal 2026 guidance, but weaker TurboTax trends and a 17% workforce reduction are likely to weigh on the stock, Oppenheimer said in a note Thursday.The firm said consumer segment revenue beat expectations, helped by Credit Karma, while TurboTax fell short on a roughly 2 million decline in paper filers across the tax system and weaker DIY execution.Oppenheimer said Global Business Solutions was largely in line with expectations, with revenue up 15% and Online Ecosystem revenue up 19%.The company's 17% workforce reduction added to a mixed tone, analysts noted.Oppenheimer maintained its outperform rating on Intuit, while lowering its price target to $406 from $558.Intuit shares were nearly 20% lower in Thursday trading.Price: $308.03, Change: $-75.90, Percent Change: -19.77%

$INTU

Wire42d ago

Analog Devices Posted Strong Fiscal Q2 Results Against High Bar, Morgan Stanley Says

Analog Devices (ADI) delivered another solid quarter even amid a high bar, and its July quarter outlook implies a ninth consecutive above-seasonal quarter, Morgan Stanley said in a note Thursday following the company's fiscal Q2 results Wednesday.The investment firm said that since Analog Devices' results were backed by both "cyclical broadening and secular momentum," it expects the company to keep outpacing competitors.Morgan Stanley said that 30% of Analog Devices' revenue is backed by "accelerated growth drivers in data center power, data center optical, automated test equipment, and aerospace/defense," while the other 70%, similar to rivals, will likely see an inventory recovery.Meanwhile, the investment firm said that Analog Devices' planned $1.5 billion acquisition of Empower Semiconductor is "perhaps a test." "Organic growth is generally preferable to inorganic, but given the importance of AI power we think it could prove to be a significant positive," the note said.Morgan Stanley lifted Analog Devices' price target to $428 from $373, while reiterating the company's overweight rating.Price: $384.86, Change: $-13.19, Percent Change: -3.31%

$ADI

Wire42d ago

Hasbro's Bull Case Intact After Q1 Beat, Morgan Stanley Says

Hasbro's (HAS) bull case remains intact even after its shares pulled back amid a guidance reiteration and a "sizeable" Q1 beat, Morgan Stanley said in a Wednesday note."We view the pullback as a buying opportunity, with the bull case intact, underpinned by continued proof points of growth durability with compelling asymmetric risk/reward," it said.The report pointed the sharp pullback to commentary on tight trading card capacity, which could limit the company's ability to chase incremental demand later in the year, particularly Q4.The note said this has introduced some uncertainty into the near-term setup, with the capacity question potentially lingering as an overhang."Given the strength of the Magic ecosystem and strong loyalty/switching costs, we would expect that demand toultimately be captured," the report said.Morgan Stanley raised its price target to $124 from $123 and kept its overweight rating on the stock.Price: $88.40, Change: $-0.20, Percent Change: -0.23%

$HAS

Wire42d ago

Nvidia's Vera Rubin Ramp Could Reinforce Leadership in AI Factory Economics, Morgan Stanley Says

Nvidia (NVDA) delivered a clean Q1 beat and raise on all metrics, and its expected ramp of its Vera Rubin platform could reinforce its leadership in AI factory economics, Morgan Stanley said in a note Thursday.Market share concerns are likely dissipating, with Vera Rubin offering a competitive advantage and understanding that the elevated benchmark weighting creates certain headwinds, although valuation at about half of AI peers stands out, according to the note.Nvidia has consistently delivered the lowest cost per token on its hardware, and is expected to maintain that advantage, the brokerage said. Current products are being benchmarked against competitors' upcoming chips like AMD MI455 or TPU v8, even though Vera Rubin will likely reach general availability before either of those, Morgan Stanley said.For the October quarter, the brokerage said it now expects revenue of about $102.35 billion and non-GAAP earnings per share of $2.34, up from about $99.02 billion and $2.25, respectively. It also lifted revenue and non-GAAP EPS estimates for 2027 and 2028.Morgan Stanley maintained an overweight rating on Nvidia and raised the price target to $288 from $285.Price: $219.61, Change: $-3.86, Percent Change: -1.73%

$NVDA

Wire42d ago

Lowe's Faces 'Constrained' Earnings Growth Amid Weak DIY Demand, BofA Says

Lowe's (LOW) is facing "constrained" earnings growth as weak DIY discretionary demand continues to weigh on results amid a challenging housing market backdrop, BofA Securities said in a report Thursday.The firm noted that Q1 comparable sales rose 0.6%, supported by strength in professional customers, appliances, online sales and home services, while discretionary DIY demand lagged.Lowe's Q2 earnings per share guidance, which calls for a 2% year-over-year decline, reflects incremental operating margin pressure from higher transportation costs and investments in promotions, marketing and fulfillment offers, the report said.BofA said "productivity initiatives" will likely help offset higher transportation costs in the second half of the year and that it is modeling an improvement in transaction trends during that period. But the analysts said their forecasts are "drifting toward" the low end of management's guidance range absent an improvement in housing fundamentals, according to the report.BofA reiterated a neutral rating on Lowe's and lowered its price target to $257 from $260. It also lowered its fiscal 2026 and 2027 EPS estimates to $12.33 and $12.84, respectively, citing weaker Q2 sales and margin expectations.Price: $216.45, Change: $-4.60, Percent Change: -2.08%

$LOW

Wire42d ago

Target's Fiscal Q1 Beat Overshadowed by Tougher Comparisons Ahead, BofA Says

Target's (TGT) fiscal Q1 showed early signs of progress, but tougher comparisons and fading consumer tailwinds could pressure results going forward, BofA Securities said in a note emailed Thursday.The bank said it is raising fiscal 2026 and fiscal 2027 earnings per share estimates for the retailer by 4% and 5% to $8.20 and $8.53, respectively. However, upcoming comparisons will become more difficult as Target begins to lap the Nintendo Switch 2 launch and loses the benefit from earlier tax refund-driven consumer spending.The firm said the drivers of Q1 gross margin are expected to continue into Q2. Positive factors include stronger full-price sell-through, ongoing gains from advertising and supply chain efficiencies, and another quarter of shrink-related benefits tied to accrual timing."We believe [Target's] lack of scale vs. larger competitors in digital advertising and [third-party] online marketplace may inhibit its ability to offset margin pressures and fund key strategic investments to the same degree," the firm added.BofA maintained its underperform rating and $110 price target on Target.Price: $121.38, Change: $-0.95, Percent Change: -0.77%

$TGT

Wire42d ago

TJX Uses Marketing, Merchandise, Store Experience to Support Comp Strength, Share Gains, BofA Says

TJX Companies (TJX) has strategies across marketing, merchandise, and store experience to ensure comparable-sales strength as well as continued share gains, BofA said in a Thursday research note.The company is using marketing to target a broad customer demographic, including younger shoppers by focusing on digital media, with this year set to feature fresh campaigns and partnerships across banners and channels like streaming, BofA said.TJX Companies also continues to see "outstanding" product availability, which is improving further as the company scales. Additionally, management remains focused on improving the in-store experience with investments in payroll and training, according to the note.Looking ahead, BofA said it is modeling gross margin to rise 20 basis points in Q2 and 30 basis points in fiscal 2027, including 20 basis points of pressure in Q2 through Q4 from fuel surcharges. Additionally, lower fuel costs will benefit margins relatively quickly given the company's fast inventory turnaround, BofA said.BofA raised its earnings per share estimates to $5.15 from $5.01 for 2027, $5.56 from $5.48 for 2028, and $6.09 from $6.00 for 2029.BofA reiterated its buy rating with a price target of $175.Price: $157.54, Change: $-1.67, Percent Change: -1.05%

$TJX

Wire42d ago

Dell Technologies' Near-Term Results to be 'Very Strong', Morgan Stanley Says

Dell Technologies' (DELL) near-term results are likely to be "very strong", driven by strength in AI servers and a pull-forward in large enterprise spending, Morgan Stanley analysts said in a Thursday note.Dell is expected to report its fiscal Q1 financial results on May 28.Analysts said they expect a much stronger-than-anticipated first half of the year for Dell, but note that the beat is already priced into the stock.Morgan Stanley said it is more cautious about Dell going into the second half of the year.Analysts said that Dell could see AI server demand of $65 billion in fiscal 2027, well above the company's target of $50 billion.Analysts retained an underweight rating on the stock, but raised its price target to $170 from $110.Price: $244.93, Change: $+2.00, Percent Change: +0.82%

$DELL

Wire42d ago

Nvidia's Full-Stack AI Portfolio Uniquely Positioned in Expanding AI Market, BofA Says

Nvidia's (NVDA) full-stack AI portfolio is uniquely positioned to benefit from rapid growth in the AI market, which could expand to a $3 trillion to $4 trillion total addressable market by 2030, BofA Securities said.The brokerage said in a Wednesday research report that it raised its fiscal 2027 and 2028 EPS guidance by 9% and 15%, respectively, to $9.09 and $13.27. It cited the company's full-stack positioning, higher gross margins, free cash flow and emerging leadership in agentic CPU of a $200 billion total addressable market.The investment firm said it likes the company's diversification of growth engines across hyperscale and AI cloud. Furthermore, growth outlook remains supported by purchase commitments of $145 billion, according to the note.BofA reiterated its buy rating on the stock and raised its price objective to $350 per share from $320.Shares of Nvidia were down more than 2% in Thursday trading.Price: $218.71, Change: $-4.76, Percent Change: -2.13%

$NVDA

Wire42d ago

Needham Adjusts Price Target on Ralph Lauren to $405 From $400, Maintains Buy Rating

Ralph Lauren (RL) has an average rating of overweight and mean price target of $429.64, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $361.32, Change: $+32.08, Percent Change: +9.74%

$RL

Wire42d ago

NCR Atleos Expands Cashzone ATM Network Into Colombia

NCR Atleos (NATL) said Thursday it has expanded its Cashzone automated teller machine network into Colombia.Bancoomeva will act as the sponsoring and settlement bank to provide financial services for the deployment, the company said.Both entities will continue to operate independently in the market throughout the collaboration, the company added.Price: $44.96, Change: $-0.21, Percent Change: -0.46%

$NATL

Wire42d ago

Update: Walmart Shares Fall After Weaker-Than-Expected Outlook

(Updates headline and first paragraph with stock price movement.)Walmart (WMT) shares fell more than 6% in Thursday trading after the company reported weaker-than-expected fiscal Q2 and fiscal 2027 adjusted EPS guidance.The company reported fiscal Q1 adjusted earnings of $0.66 per diluted share, up from $0.61 a year earlier.Analysts surveyed by FactSet expected $0.66.Revenue for the quarter ended April 30 was $177.75 billion, compared with $165.61 billion a year earlier.Analysts surveyed by FactSet expected $174.84 billion.The company said it expects fiscal Q2 adjusted EPS of $0.72 to $0.74. Analysts surveyed by FactSet expect $0.75. Net sales for the quarter are expected to increase 4% to 5%.For fiscal 2027, Walmart reiterated its adjusted EPS guidance of $2.75 to $2.85. Analysts surveyed by FactSet expect $2.92. Full fiscal year net sales are still projected to be up 3.5% to 4.5%.Price: $122.12, Change: $-8.73, Percent Change: -6.67%

$WMT

Wire42d ago

Digital Turbine Expands Partnership With Google Cloud

Digital Turbine (APPS) said Thursday it is deepening its partnership with Alphabet's (GOOGL) Google Cloud to support artificial intelligence-backed optimization and recommendation capabilities in its mobile platform.The collaboration will boost its ability to process real-time mobile signals from its platform, allowing its advertising and publishing clients to improve targeting and recommendations, the firm said.Price: $4.65, Change: $+0.10, Percent Change: +2.20%

$APPS$GOOG$GOOGL

Wire42d ago

Update: Deere Shares Down After Fiscal Q2 Earnings Decline

(Updates with share movement in the headline and the first paragraph, outlook in the last paragraph)Deere (DE) shares were down more than 7% in Thursday trading after it reported fiscal Q2 earnings that declined from a year earlier.The company reported fiscal Q2 earnings of $6.55 per diluted share, down from $6.64 a year earlier. Analysts surveyed by FactSet expected $5.78.Net sales for the quarter ended May 3 were $11.78 billion, up from $11.17 billion a year earlier. Analysts polled by FactSet expected $11.55 billion.The company also reaffirmed its fiscal 2026 net income in the range of $4.5 billion to $5.0 billion. Analysts polled by FactSet expect $4.79 billion.Price: $520.58, Change: $-39.88, Percent Change: -7.12%

$DE

Wire42d ago

Chubb Approves $7.5 Billion Share Buyback Program, Raises Dividend

Chubb (CB) said Thursday its board has authorized a new $7.5 billion share buyback program, starting July 1 with no expiration date.The company also said its quarterly cash dividend was increased to $1.02 per share from $0.97, payable on July 2 to shareholders of record as of June 12.Chubb said its existing share repurchase program will remain effective through June 30.Price: $329.26, Change: $+0.88, Percent Change: +0.27%

$CB

Wire42d ago

TTEC, Volkswagen Group UK Sign Seven-Year Customer Support Contract Extension

TTEC (TTEC) said Thursday it signed a seven-year contract extension with Volkswagen Group UK to provide digital technology and customer support services in the United Kingdom.The business will continue managing customer care, connected vehicle assistance, and contact center operations from its facilities in Leeds and Cairo, the company said.The agreement covers support for multiple vehicle brands, including Audi, Skoda, SEAT, CUPRA, and Volkswagen, TTEC said.Price: $2.54, Change: $+0.04, Percent Change: +1.60%

$TTEC

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