Apple Inc (NASDAQ:AAPL, ETR:APC)'s price target has been lowered by Morgan Stanley (NYSE:MS) analysts ahead of its fiscal second quarter 2024 earnings due after the stock market closes on Thursday, May 2.
They reduced their price target from $220 to $210 but repeated their ‘Overweight’ rating on Apple.
Next remains firmly on the buy list at Jefferies after yesterday’s sales update.
Even with atrocious weather so far this year, the 5.7% sales hike was pleasing said the broker even without an upgrade to full-year profit expectations.
i3 Energy PLC has received a forecast update from broker Stifel following the confirmation of the 2024 capital budget.
“Specifically, we have reduced and deferred drilling activity into H2/24, which results in 2024 production within the 18-19,000 [barrels of oil per day] guidance range, albeit towards the top end.
Seeing Machines Ltd (AIM:SEE, OTC:SEEMF) has received some good feedback for the latest contract extension for its driver-monitoring technology.
Stifel notes that the extension, until 2023, is worth US$26 million and brings the cumulative initial lifetime value of its automotive programmes to US$392 million.