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
kodda/iStock via Getty Images Kinetik Holdings (NYSE:KNTK) +0.5% in Wednesday’s trading as Barclays initiates coverage with an Equal Weight rating and $443 price target, saying it sees “a clear pathway of incremental growth as acquisitions and projects contribute further” in H2 2024 and beyond. Barclays analyst Theresa Chen thinks Kinetik’sContinue Reading
sergeyryzhov Hillenbrand (NYSE:HI) on Tuesday was rate Overweight in new research coverage by analysts at KeyBanc Capital Markets. They said the maker of industrial parts is poised to boost its profit with higher margins for its molding technology solutions business. Shares of Hillenbrand (HI) rose 6.4% by 1:35 p.m. inContinue 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
“ENTG currently stands as the only semiconductor pure play company within the chemicals and materials ecosystem,” said Deutsche Bank analyst Melissa Weathers, in a note. “We believe ENTG to have an outsized exposure to the fastest-growing trends in semiconductor manufacturing technology in the next decade (GAA, taller 3D NAND stacks,Continue Reading
Mumemories/iStock via Getty Images Illinois Tool Works (NYSE:ITW) on Thursday was rated as a “catalyst call” Sell by analysts at Deutsche Bank. They said the maker of fasteners and components is at risk of continued underperformance during the upcoming earnings season. Illinois Tool’s (ITW) guidance of 1%-3% organic growth forContinue Reading
