Investment Management
Barclays: Johnson & Johnson (NYSE:JNJ) upgraded to Overweight with a $173 (21% upside) price target at Barclays Morgan Stanley: “The significantly discounted [sum of the parts] value and relative multiple create an attractive buying opportunity,” wrote Morgan Stanley’s David R. Lewis in a note out Tuesday morning. Lewis upgraded Johnson & Johnson (ticker: […]
Piper Jaffray is getting more confident about Nvidia ’s sales into the data-center market In November, Nvidia (ticker: NVDA) reported financial results above expectations. It posted adjusted earnings per share of $1.78 for its fiscal third quarter versus the Wall Street consensus of $1.58, according to FactSet. It generated revenue of $3.01 billion […]
Microsoft ’s offerings to empower nontechnical business users to create and customize applications will be a big growth opportunity for the technology giant, according to Evercore ISI The company’s shares (ticker: MSFT) have risen nearly 50% this year amid enthusiasm over the company’s Azure cloud-computing business and its success in selling subscriptions for […]
LVMH has acquired Tiffany & Co., the fabled U.S. jeweler, for more than $16 billion – Chairman Bernard Arnault’s biggest-ever takeover After a difficult period during which the U.S. jeweler lost track of consumer trends, Tiffany is looking to bounce back by cutting its entry-priced gifting options and revamping its marketing to target […]
Cowen says that Chipotle Mexican Grill is one of its “best ideas” for investing in 2020 Cowen analyst Andrew Charles said online sales could account for 34% of revenue within five years, up from 18% today It has been an excellent year for Chipotle (ticker: CMG) investors. The stock is up about […]
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