Jefferies on Thursday came out with a bullish stance on Spotify (NYSE:SPOT), Warner Music (NASDAQ:WMG), and Universal Music (OTCPK:UMGNF), rating them all as “buy,” with Spotify being the top pick out of the three music streamers. On Spotify, the research firm expects consistent price hikes, bundling, and gross margin expansion.Continue Reading
Leon Neal Take-Two Interactive Software (NASDAQ:TTWO) rose 2% as an update from Jefferies cemented it as the firm’s top pick in interactive entertainment while also weighing in on Electronic Arts (NASDAQ:EA) and Roblox (NYSE:RBLX). “The wait is nearly over” on Take-Two’s game slate, led most prominently by Grand Theft AutoContinue Reading
Analysts at Jefferies downgraded Darden Restaurants (NYSE:DRI) to “underperform” from “hold,” citing risk to growth in the near term and saying weak traffic trends observed for its Olive Garden brand could continue. “We believe recent traffic softness at the core OG brand could persist, with lower-end weakness and the loomingContinue Reading
dontree_m/iStock Editorial via Getty Images Android (NASDAQ:GOOG) (NASDAQ:GOOGL) devices and iPhones (NASDAQ:AAPL) are still seeing “heavy” levels of discounting in China after the country’s 6.18 holiday last month, investment firm Jefferies said, citing recent checks. “Our industry checks indicate China’s smartphone vol still grew [high-single digits year-over-year] after 618, drivenContinue Reading
Jefferies analysts lowered the firm’s price targets for both Marathon Digital (NASDAQ:) and Argo Blockchain Plc (ARBK) due to the ongoing impact of the Bitcoin halving. The investment firm’s note cites a “modest recovery” in June following the May slump, but highlights continuing challenges. Despite a slight increase in BitcoinContinue Reading
“CGI is relatively unique among peers with arguably one of the most well-balanced and well-diversified offerings,” said Jefferies analysts, led by Surinder Thind, in a Tuesday note. “Roughly half of revenues come from consulting and the other half from managed services. Similarly, roughly half of revenues come from North AmericaContinue Reading
Roman Tiraspolsky/iStock Editorial via Getty Images Jefferies’ (NYSE:JEF) stronger-than-expected fiscal Q2 results indicate an improving outlook for investment banking among big lenders, Wells Fargo (WFC) analyst Mike Mayo wrote in a Friday note. Shares of New York-based Jefferies (JEF) extended gains from Thursday’s spike, advancing 3% in late morning trading,Continue Reading
JHVEPhoto/iStock Editorial via Getty Images Jefferies (NYSE:JEF) stock gapped up 7.6% in Thursday afternoon trading after delivering fiscal Q2 earnings that surpassed the average analyst estimate as positive momentum continued to build across its investment banking businesses. Q2 GAAP EPS of $0.64, topping the $0.63 Wall Street consensus, fell fromContinue Reading
Photography/iStock Editorial via Getty Images Jefferies kept a bullish view on VICI Properties (NYSE:VICI) ahead of the casino REIT’s Q2 earnings report. Analyst David Katz and his team updated their model to fully reflect new estimates of the variable rent escalation at Caesars Entertainment’s (CZR) Las Vegas and regional leases.Continue Reading
