Apple Inc (NASDAQ:AAPL)'s iPhone 15 hit the shelves today, generating extensive queues outside Apple Stores across major markets such as China, Europe, and the US.
This on-ground fervor echoes the robust online pre-order activity observed earlier, indicating a significant consumer appetite for the latest generation smartphone from Cupertino, analysts at Wedbush wrote.
BofA Securities analysts expect more investor attention to be drawn to Driven Brands Holdings Inc's winning combination of a roll-up story in a recovering/reopening auto aftermarket.
In an update to clients after attending the company’s analyst day, they noted that Driven Brands plans to reduce its near-term growth pace to fix current challenges and reduce debt.
Analysts at UBS are bullish on the web builder space as firms take advantage of the generative artificial intelligence (GenAI) opportunity, initiating coverage with a positive outlook on four sector leaders.
“GenAI is the next leg of the evolution of the web builder space, and near-term it should serve as a subscriber monetization tailwind as more/better tools are integrated into website editors and are reflected in higher subscription prices,” the analysts wrote in a note to clients.
In research published on Thursday, Bank of America analysts noted that Rolls-Royce Holdings PLC (LSE:RR.) has managed to recover 88% of its pre-Covid engine flying hours (EFH), with China’s reopening likely to support a move above 90% in the fourth quarter.
Analysts may even revise Rolls-Royce’s EFH projections higher in the run-up to the FTSE 100 constituent’s capital markets day on November 28.
Copper supply forecasts may be too optimistic, analysts at Jefferies believe.
In a note highlighting copper production growth, Jefferies believed that data indicates potential market deficits persisting until at least 2025.
Lloyds Banking Group PLC (LSE:LLOY) received a further boost today, after warm words from Deutsche Bank, as Barclays made the lender one of its preferred European banking plays, replacing HSBC.
UK bank shares prices have lagged interest rate rises but Barclays thinks the UK risk premium should unwind if confidence in the UK economy can improve.
AstraZeneca PLC (LSE:AZN)'s share price surged by 2.6%, adding nearly £5 billion to the company's market value, following the announcement of encouraging results from an ongoing clinical trial on datopotamab deruxtecan, a drug aimed at treating breast cancer.
The pharma giant reported a "statistically significant and clinically meaningful improvement" in progression-free survival rates compared with traditional chemotherapy treatments.
Dowlais Group PLC (LSE:DWL) has received a bullish write-up from analysts at Bank of America who see an unappreciated margin growth story.
Essentially GKN’s non-aerospace business, Dowlais was spun out of the Melrose group.
JD Sports Fashion PLC (LSE:JD.) rose around 2% on further positive commentary after yesterday’s well-received results.
Bank of America has reiterated a 'buy' rating and 233p price target, compared to the 147.50p share price today.