UBS

In October, Shopify Inc (NYSE: SHOP) reported an earnings beat for the third quarter. Yet there is near-term risk to the company’s revenues and long-term risk to its profitability, according to UBS. The Shopify Analyst: Kunal Madhukar initiated coverage of Shopify with a Sell rating and...

Shares of Conagra Brands Inc (NYSE: CAG) could end the week with gains. The company seems to be in the “early innings of a positive estimate revision cycle,” according to UBS. The Analyst: Cody Ross upgraded the rating for Conagra Brands from Neutral to Buy, while raising the price...

Key cycle indicators are shifting and channel checks now show that Advanced Micro Devices Inc (NASDAQ: AMD) is positioned to take share in 2023, according to a pair of analyst firms that upgraded the semiconductor stock. What Happened: UBS on Monday upgraded AMD...

Carnival Corp (NYSE: CCL) and Norwegian Cruise Line Holdings Ltd (NYSE: NCLH) were flying up more than 8% and 9%, respectively, on Wednesday after bouncing from downtrends the two stocks slid into on Sept. 20. Last week, Norwegian hosted an investor day, where the cruise line...

Norwegian Cruise Line Holdings Ltd’s (NYSE: NCLH) third-quarter preview shows a significant improvement in bookings, indicating that the company’s occupancy has caught up with that of other cruise lines even with higher pricing than 2019 levels, according to UBS. The Norwegian Cruise...

Both UBS and Morgan Stanley were neutral on Ford Motor Co (NYSE: F) at the end of September, but one firm upgraded the automaker this week, while the other revised its outlook lower. F Upgrade: Morgan Stanley upgraded Ford from Equal-Weight to Overweight and...

UBS analysts are turning less positive on the legacy automakers as demand destruction appears likely to pressure earnings in 2023. What To Know: UBS on Monday downgraded Ford Motor Co (NYSE: F) and General Motors Co (NYSE: GM), citing demand concerns and earnings risks in...

Domino's Pizza Inc.’s (NYSE: DPZ) demand weakness concerns seem "overblown," according to UBS analyst Dennis Geiger. The Analyst: Geiger upgraded the rating for Domino's Pizza from Neutral to Buy, while reducing the price target from $430 to $385. The Thesis: Current...

UBS analysts see limited upside in shares of Lyft Inc (NASDAQ: LYFT) as the company faces structural headwinds relative to its competition.  What Happened: UBS analyst Lloyd Walmsley downgraded Lyft from Buy to Neutral and slashed the price target $...

Tirzepatide has been de-risked and Eli Lilly And Co’s (NYSE: LLY) Mounjaro could be the “biggest drug ever,” according to UBS. The Eli Lilly Analyst: Colin Bristow upgraded Eli Lilly from Neutral to Buy while raising the price target from $335 to $363. The Eli Lilly Takeaways...

Newmont Corp.’s (NYSE: NEM) stock now has a 20% upside as well as an attractive 5.4% dividend yield, according to investment bank UBS Group AG. The Newmont Analyst: Cleve Rueckert upgraded the rating for Newmont from Neutral to Buy, while reducing the price target from $78 to $50. The Newmont...

Following the NRC approval, Southern Co.’s (NYSE: SO) subsidiary Georgia Power is not ready to initiate fuel load at Vogtle Unit 3 and subsequently move to commercial operations, according to UBS. The Southern Company Analyst: Ross Fowler upgraded the rating for Southern from Neutral to Buy,...

UBS initiated coverage on customer engagement platform Braze Inc (NASDAQ: BRZE) on Monday.  What Happened: The analyst firm initiated coverage on Braze with a Buy rating and announced a $53 price target.  Braze trades roughly in line with its peers based on the company'...

As consumer spending and pricing power decrease, the automotive industry continues to struggle. In another blow to the sector, UBS Group AG (NYSE: UBS) lowered its 2023-24 earnings per share expectations Wednesday for General Motors Company (NYSE: GM) and Ford Motor Company (NYSE: F). What...

Charles Schwab Corporation (NYSE: SCHW) shares got a boost on Tuesday after the company landed a high-profile analyst upgrade on Wall Street. The Charles Schwab Analyst: UBS analyst Brennan Hawken upgraded Charles Schwab from Neutral to Buy and raised his price target from $68 to $75. Related Link...