JHVEPhoto/iStock Editorial via Getty Images Wells Fargo added Kroger (NYSE:KR) to its Q3 Tactical Idea List. The firm said it likes the near-term setup for the grocery store stock. Analyst Edward Kelly and his team see strong potential for a beat-and-raise quarter for the grocery giant against what is saidContinue Reading
RTX (NYSE:RTX) this year is likely to be less profitable than previously estimated, analysts at financial-services firm Wells Fargo said in revising their forecast for the aerospace and defense company, whose operations include Collins Aerospace and jet-engine maker Pratt & Whitney. The revision comes as investors “appear to have concerns”Continue Reading
jetcityimage/iStock Editorial via Getty Images GE Aerospace (NYSE:GE) this year is likely to be more profitable than previously estimated, analysts at financial-services firm Wells Fargo said in revising their forecast for the maker of jet engines. “We continue to see GE’s 2024 guidance as beatable and raise our estimate byContinue Reading
Jun. 27, 2024 2:02 PM ETS&P 500 Index (SP500)DIS, AAPL, CMS, AMZN, MA, JPM, C, VRTX, NVDA, AZO, PGR, SNPS, STZ, AVB, ACGL, ALB, CE, NEE, NXPI, CZR, ABBV, CRWD, PINSBy: Monica L. Correa, SA News Editor DNY59 Wells Fargo analysts updated their Signature Picks list, an “eclectic” portfolio ofContinue Reading
Wells Fargo Investment Institute (WFII) expects companies in the Industrials and Materials sectors to contribute to artificial intelligence (AI) related infrastructure build out, adding that the generative AI push will positively support these sectors even in a slower growth-based economy. “While both of these sectors are traditionally very tied toContinue Reading
