Alex Potemkin/E+ via Getty Images Carrier Global (NYSE:CARR) on Monday was upgraded to Outperform from a previous investment rating of Neutral by analysts at financial-services firm Baird. They said the maker of heating, ventilation and air-conditioning equipment is poised for gains after being undervalued compared with peers. Carrier’s (CARR) stockContinue Reading
metamorworks Semiconductor inventory has declined somewhat, but remains at or near 20-year highs for industrial, automotive, consumer and communication components, according to an analysis by Baird. “1Q inventory days in the entire tech supply chain, excluding memory, decreased very slightly year over year, the second consecutive year-over-year decrease, and remainedContinue Reading
krblokhin Amazon (NASDAQ:AMZN) held its annual AWS Summit this week and the biggest takeaway from the cloud computing giant is that “practical” use cases of generative artificial intelligence were demonstrated, investment firm Baird said. “Irrespective of whether there are valuation ‘bubbles’ with respect to GenAI, our view is that AIContinue Reading
JHVEPhoto Accenture’s (NYSE:ACN) proposed deal to acquire silicon design and engineering firm Cientra should continue to add to the former’s technological innovation prowess, Baird said. “The acquisition adds to ACN’s Advanced Technology Centers in India,” Baird analyst David Koning wrote in an investor note. “Cientra’s expertise in embedded IoT andContinue Reading
JHVEPhoto/iStock Editorial via Getty Images Accenture’s (NYSE:ACN) deal to acquire India-based semiconductor design services provider Excelmax could be accretive revenue and improve its technological prowess, investment firm Baird said. The deal, which could add roughly 0.1% to annualized revenue, is also likely to add to “key areas” for Accenture, includingContinue Reading
JHVEPhoto The Architecture Billings Index has historically been a sentiment indicator for software firm Autodesk (NASDAQ:ADSK). However, the index may be losing “relevance” as it relates to the stock as time goes on, Baird said. Although the ABI had a “terrible, horrible, no good, very bad” month last month (downContinue Reading
solarseven/iStock via Getty Images Sprout Social (NASDAQ:SPT) was in focus on Thursday as investment firm Baird said it is seeing a “new class of investors” focusing on small-cap stocks, especially those who focus on growth at a reasonable price, or GARP. Shares rose slightly more than 3% in afternoon trading.Continue Reading
jiefeng jiang/iStock via Getty Images Synopsys (NASDAQ:SNPS) and Cadence Design Systems (NASDAQ:CDNS) are likely to continue benefiting as semiconductor design continues to become tougher, with the two companies showing off their competitive moats, investment firm Baird said. “In our view, both companies are driving product strategies that will solidify leadingContinue Reading
jetcityimage/iStock Editorial via Getty Images AGCO (NYSE:AGCO) this week “missed an opportunity to reset 2024 guidance” as the maker of farm machinery announced a restructuring plan, analysts at financial-services firm Baird said. “We think 2024 guidance will likely be reset to reflect revenue of less than $13 billion, margin ofContinue Reading
duoogle Baird said it believes the recent Phase 2 study failure for Jazz Pharmaceuticals’ (JAZZ) drug suvecaltamide has favorable readthrough to Praxis Precision Medicines’ (NASDAQ:PRAX) drug ulixacaltamide in the treatment of essential tremor. The investment firm said Jazz’s data has minimal impact on the probability of success for Praxis’s PhaseContinue Reading
