CI&T Inc. (CINT) is set to release its second-quarter earnings before the market opens on August 16, 2024. Analysts anticipate a decline in both earnings and revenue compared to the same period last year. However, recent analyst ratings suggest potential upside for the stock.
Progressive Corporation (PGR) reported strong financial results for July, exceeding earnings expectations and boosting its share price. Analysts reacted positively, with several raising their price targets and one upgrading their rating. This news highlights the continued growth and positive outlook for the company.
Cardinal Health (CAH) is set to release its fourth-quarter earnings on August 14th. Analysts anticipate strong earnings growth and revenue, but mixed analyst ratings suggest a range of opinions on the stock’s future performance.
Boeing’s stock remains relatively unchanged as analysts from Moody’s and S&P cast doubt on the company’s ability to reach its 737 MAX production target of 38 planes per month by 2024. While a credit downgrade to junk status is not anticipated, concerns about labor disruptions and a history of underperforming targets persist. The focus remains on Boeing’s ability to stabilize production and generate free cash flow, crucial for maintaining its current credit rating.
Analysts are weighing in on a range of stocks, including Tesla, Airbnb, and Walmart, as companies release earnings and provide updates on their businesses. Here are some of the most notable calls from Wall Street analysts on Wednesday:
– Piper Sandler upgrades SmartFinancial to overweight from neutral, citing potential benefits from declining interest rates.
– Bernstein reiterates Tesla as underperform, expressing concerns over the lack of clear catalysts for the company.
– Mizuho upgrades Airbnb to buy from neutral, highlighting positive catalysts for the vacation rental company.
– KBW upgrades Globe Life to outperform from market perform, recommending investors buy the dip in shares.
– Bank of America upgrades Tesla to buy from neutral, seeing potential for growth and positive catalysts.
– Wells Fargo upgrades Packaging Corporation of America to overweight from equal weight, recognizing the company’s strong performance.
– Citi downgrades Molson Coors to sell from neutral, expressing concerns about slowing growth.
– Oppenheimer names Domino’s a top pick, citing strong sales performance and potential for continued growth.
– Deutsche Bank upgrades MSCI to buy from hold, recommending the stock based on valuation metrics.
– Citi upgrades SiriusXM to neutral from sell, indicating a more balanced risk-reward outlook.
– KeyBanc initiates Super Micro as sector weight, giving it an equal weight rating based on valuation.
– Loop upgrades Sea Limited to buy from hold, seeing signs of sustainable profitable growth.
– Morgan Stanley reiterates Walmart as overweight, emphasizing the company’s fintech initiatives.
– Citi reiterates Amazon as buy, raising its price target due to strong demand for cloud services.
– Redburn Atlantic Equities reiterates Disney as sell, maintaining its negative view despite a higher price target.
– Morgan Stanley reiterates Atlanta Braves as equal weight, updating its valuation based on recent news.
– Guggenheim downgrades Enphase to sell from neutral, citing concerns over inventory issues.
– Jefferies reiterates Microsoft as buy, expecting positive results from upcoming earnings.
