Derick Hudson HubSpot (NYSE:HUBS) had its Buy rating reiterated on Thursday by Bank of America after its stock price plunged 12% on Wednesday over news that Alphabet (GOOG)(GOOGL) decided against acquiring the company. “The stock is now trading at a level consistent with the after-hours price following the disappointing revenueContinue Reading
jetcityimage Bank of America Securities downgraded Visa (NYSE:V) and Mastercard (NYSE:MA) to Neutral from Buy as analyst Jason Kupferberg sees limited upside potential to the two payment networks’ valuation multiples and estimates. “Investor positioning remains crowded. Regulatory developments could limit multiple expansion and V/MA’s ability to take price,” the analystContinue Reading
Apple’s (NASDAQ:AAPL) global App Store revenue increased 13% year over year to $7.5B during Q3 fiscal 2024 as the European Union’s Digital Markets Act has done little to dampen growth. “One-hundred-twenty-three days into the compliance date for Apple, there seems to be minimal effects on downloads of web browsers,” saidContinue Reading
M. Suhail/iStock Editorial via Getty Images Bank of America Securities started coverage of M&T Bank (NYSE:MTB) with an Overweight rating on Monday as the lender is managing through risks tied to the beaten-down commercial real estate market. MTB has relatively high exposure to the commercial property space, analyst Tom CurcurutoContinue Reading
Michael Vi Dell Technologies (NYSE:DELL), Amazon (NASDAQ:AMZN) and Amphenol (NYSE:APH) were in focus on Wednesday as Bank of America reconfigured its US 1 list, which represents the investment firm’s best investment ideas among its Buy rated stocks. Dell was added to the list; shares rose 1.1% in premarket trading. SharesContinue Reading
ismagilov BofA and J.P. Morgan initiated coverage of newly public healthcare payments platform Waystar (NASDAQ:WAY) with bullish ratings, with BofA seeing the company benefitting from the recent cyberattack on rival UnitedHealth Group’s (UNH) Change Healthcare. BofA started coverage of Waystar with a buy rating, noting that the recent ransomware attackContinue Reading
Andrei Berezovskii/iStock Editorial via Getty Images The semiconductor industry was in the spotlight on Tuesday as Bank of America noted that recent data showed relative weighting for the industry continued to decline amongst active manager, despite the strong performance for the sector year-to-date. The relative weighting fell 9% quarter-over-quarter toContinue Reading
Daniel Balakov Quantitative strategists at Bank of America have set out to bust a few market “myths,” saying there are some investment adages that sound smart, but it turns out that those narratives don’t work. The U.S. Quantitative Strategy team led by Savita Subramanian said amid a continued period ofContinue Reading
Walgreen’s Boots Alliance (NASDAQ:WBA) shares are set to open lower for a fifth consecutive day as the company’s decision to close a “substantial” number of U.S. stores continues to weigh on the stock. The company was subsequently hit with a wave of price target adjustments, the latest from BofA Securities,Continue Reading
Feline Lim/Getty Images News Apple’s (NASDAQ:AAPL) artificial intelligence initiatives are likely to lead to increased growth in its all important services segment, Bank of America said on Wednesday. “Apple Intelligence will drive improved Services growth Apple’s recent announcement to integrate AI into its operating systems and give third party developersContinue Reading
