The all-time high from Apple Inc (NASDAQ:AAPL, ETR:APC) on the back of its AI strategy launch at WWDC kicks off the "race to $4 trillion market cap", according to Wedbush analyst Dan Ives.
Shares in the Cupertino colossus vaulted another 5% higher on Wednesday, adding 13% over the past two days.
Recent developments in the payments industry highlight the competitive intensity affecting PayPal Holdings Inc (NASDAQ:PYPL) said Bank of America.
The bank, in a note where it maintained a 'neutral' rating on the stock and a price objective of $74 versus the last close at $64.77, cited recent industry announcements that "illustrated ongoing competitive intensity" faced by the San Jose, California company.
Deutsche Bank is sticking with a positive stance of kitchen fitter Howden Joinery even though in the short term, ongoing macro uncertainty remains a valid risk.
UK kitchen market volumes remain well below 2019 levels but Howden has a strong track record of outperformance and over the longer term its growth runway remains substantial.
Legal & General Group PLC's (LSE:LGEN) overhaul plans underwhelmed some in the City who expected new CEO António Simões to take a more aggressive approach with his revamp of the insurer.
Simões, who joined the company in January from Santander, wants to sell the housebuilder Cala, merge divisions, and initiate a £200 million share buyback, aiming for a "simpler, better-connected L&G".
Flutter Entertainment has been under pressure following a flurry of negative headlines, but the weakness in the share price is too much suggests JP Morgan which has kept an an upbeat view.
Shares in the Fanduel and Betfair owner are down 15% on tax increases, college bets ban, marketing restrictions in the US and some overall weakness within Travel & Leisure.
DFS Furniture PLC (LSE:DFS) has a “clear opportunity” once the sofa market begins to normalise, that’s according to analysts at Jefferies.
The comments come after DFS today issued a profit warning, with an eleventh-hour downgrade to its revenue guidance for the year ending 30 June 2024.
Whitbread shares have been under pressure recently from downgrades to revenue per room or REVpar growth at Premier Inns, something that Jefferies sees as overlooking the long-term picture.
A first-quarter trading update for the year to next March (2025) is due next week and ahead of that consensus annual profit estimates have dropped 4% recently to £533 million, or implying per room revenue growth of less than 1%, says the US bank.
Panmure Gordon reiterated its 'buy' recommendation and 23p price target for shares in Scancell Holdings PLC (AIM:SCLP, OTC:SCNLF) after the life sciences group announced that an international biotechnology company will evaluate its anti-glycan monoclonal antibody developed using Scancell's GlyMab platform.
"We will be updating our forecasts and investment thesis in light of recent," Panmure added in a note to clients.
Legal & General Group PLC (LSE:LGEN)’s shares fell by 3% in early trading as new CEO António Simões' overhaul of the insurer met with a lukewarm response.
Simões, who joined the company in January from Santander, outlined plans to sell the housebuilder Cala, merge divisions, and initiate a £200 million share buyback, aiming for a "simpler, better-connected L&G".