Qualcomm Inc's (NASDAQ:QCOM) latest quartertly numbers came with "somewhat lackluster" guidance but showed strong glimpses of a good "story" emerging, investment banks said.
First-quarter results released after-hours on Wednesday were better than expected, driven by strong automotive and handset semiconductor revenues, said Bank of America (BofA), which reiterated a 'Buy' rating on the stock with a $173 price objective versus the $143 the shares fell to on Thursday.
Lloyds Banking Group PLC (LSE:LLOY) is at the cusp of a potential uplift, according to a recent analysis by UBS.
European banks “look cheap” against historic levels and UK banks “look cheap” compared to European banks, UBS analyst Jason Napier said in a note.
Rank Group PLC (LSE:RNK), the owner of Mecca Bingo and Grosvenor Casino, saw shares soar around 5% after a “solid” set of interims, which highlighted strong recovery in all its channels.
Last year was filled with challenges, most notably weakened demand, plaguing the group’s financial results, with the six months to December 2022 producing less than £3 million in operating profits.
Novo Nordisk (NYSE:NVO) remains a 'buy' for US bank Citigroup even though it is only the second European company in history to pass the half-a-trillion mark after LVMH temporarily hit the landmark last year.
The Danish pharma accompanied its annual report with a management call that reiterated scaling up production of its blockbuster diabetes drugs Wegovy and Ozempic remains its number one priority.
H&M’s share price slide and the negative sentiment surrounding the stock are justified, with wider industry headwinds adding to its woes, according to analysts at JP Morgan.
Analysts argued investors are now less confident in management achieving its EBITDA margin target of more than 10%, which was initially a positive catalyst when revealed last year.
Ferro-Alloy Resources Ltd (LSE:FAR)’s announcement of a delay to the feasibility study at Balasausqandiq vanadium project in Kazakhstan shouldn’t detract from its status as a world-class deposit, says house broker ShoreCap.
By-products such as carbon black eventually could even see a negative cost of production, says the broker, which has an unrisked valuation of £601 million (81p per share) and discounted value of 33p, down from 42p on today’s news.
JPMorgan Chase & Co (NYSE:JPM, ETR:CMC) has laid down a positive outlook for the short-haul airline sector heading into the summer season, leading to an upgrade of easyJet PLC stock from 'neutral' to 'overweight'.
The budget airline said its performance has improved year on year in its latest quarterly update, with booking trends giving a positive outlook for the remainder of the financial year.