Boeing Co (NYSE:BA) is steadily progressing toward its annual 737 aircraft delivery target, as it is just one delivery away from achieving the lower-end of its full-year target of 375 to 400 737s, according to Bank of America analysts.
In an update to clients, the analysts increased their price objective on Boeing stock to $275 per share from $250 to reflect a "cyclicals re-rating" as the stock market prices in an easing interest rates' environment.
Farfetch Limited (NYSE:FTCH) shareholders will not recover any value from their investments in the company once its $500 million rescue deal with South Korean e-commerce group Coupang is finalized, analysts at UBS have highlighted.
Per the online luxury retailer’s statement on Monday, “Upon consummation of the sale, Farfetch Limited (NYSE:FTCH) expects that holders of its Class A and B ordinary shares and its convertible notes will not recover any of their outstanding investments in Farfetch. Farfetch Limited (NYSE:FTCH) is also expected to be delisted from the NYSE and to be liquidated."
Accenture PLC (NYSE:ACN) reported higher-than-forecast profits for the fiscal first quarter of 2024 but disappointed investors with its weak sales forecast for the current quarter.
The professional services company reported revenue for 1Q, which ended on November 30, 2023, in line with expectations at $16.2 billion, a 3% year-over-year increase.
Trinidad-focused producer Touchstone Exploration's guidance for next year was below forecasts says Shore Capital, but the house broker adds the company tends to be conservative in its projections.
This is also the first production forecast including the new Cascadura field, so Touchstone might be choosing to be even more cautious, adds ShoreCap.
Union Jack Oil PLC (AIM:UJO)'s update on its non-operated (40% economic interest) Wressle-1 well in North Lincolnshire was good news for the UK onshore-focused group, says house broker ShoreCap.
A new environmental permit came into effect on 14 December allowing much higher volumes with output now at 670 barrels daily against 550 previously.
Flutter Entertainment PLC (LSE:FLTR) nabbed a 'buy' rating from Peel Hunt after the betting group’s share price backtracked “from the initial excitement about a US domestic listing”.
Despite lifting in the first two weeks of December, Flutter’s shares remain 14% lower since the middle of the year, but Peel Hunt expects increased demand when the company lists in New York on January 29, 2024,
Rolls-Royce Holdings PLC (LSE:RR.) is set for another good year with a number of positive catalysts expected to drive the share price higher.
That was the view of Bank of America which has increased its price target for the FTSE 100-listed engineering group to 420p from 400p.
ITV PLC (LSE:ITV) and STV Group Plc (LSE:STVG) could be set to benefit from streaming services like Netflix Inc (NASDAQ:NFLX) doubling down on its original content, Shore Capital thinks.
STV, through strategic acquisitions, has been able to transform the scale and capacity of its production division and is now positioned to win commissions to film more content, experts at the bank said.