AMC Entertainment Holdings (NYSE:AMC) must raise more capital in the coming months, and the so-called ‘meme stock’ is expected to stay volatile, that’s according to analysts at Wedbush.
The cinema operator has managed to repay around $1 billion debt since 2022, but it still has $4.4 billion outstanding and the next maturities come due in 2026, analyst Alicia Reese has highlighted.
Tesla Inc (NASDAQ:TSLA) is now positioned for “positive catalysts”, according to Wedbush, which looked ahead to the electric vehicle pioneer’s ‘Robotaxi’ day in August.
Describing Tesla as “a compelling risk/reward stock”, analyst Daniel Ives in a note said that a second-half rebound is “potentially in the cards” after “very choppy” first-half demand.
Ocado Group PLC (LSE:OCDO) had its share price target left unchanged by Deutsche Bank, even though the share price took a beating yesterday after a new delay to its tech-based warehouse rollout in Canada.
Empire Company announced yesterday a pause to the planned go-live of retail arm Sobey’s CFC4 in Vancouver (originally planned for 2025).
A list of potential new contracts highlighted by BAE Systems PLC (LSE:BA.) over the past two weeks has prompted JP Morgan to raise its price target to 1,500p and keep its ‘overweight’ stance.
“We believe there is now a long list of credible opportunities which are not in consensus estimates, “added the broker.
Rolls-Royce Holdings PLC (LSE:RR.) shares have risen three-fold in little more than a year, but there is still a bit more to go according to Citigroup, which has raised its share price target to 555p.
“Positive sentiment will help the continued rerating, driven by accelerating wide body cycle (only a few delivery slots before 2030 for the A350 and 2028 for the A330),” said the bank.
BP PLC's (LSE:BP.) new management team has got the endorsement of analysts at Citigroup, who described two recent transactions as “favourable”.
It comes after BP agreed to acquire agri-giant Bunge's 50% stake in their Brazilian sugar and ethanol joint venture, BP Bunge Bioenergia, for $1.4 billion.
Top US bank JP Morgan has turned more positive on the water sector, suggesting that all of the headwinds are now in the prices of the listed utilities.
Low regulatory visibility and expectations of less attractive proposed returns compared to electricity networks have been some of the issues for investors, JP Morgan believes the market underappreciates certain positives.
Analysts at JP Morgan prefer Shell PLC (LSE:SHEL, NYSE:SHEL) over BP PLC (LSE:BP.) whilst seeing upside for both of London’s oil majors, with crude prices tipped to head back toward $90 per barrel in the third quarter.
Shell, compared to BP, benefits from more favourable financial gearing and valuation metrics, according to the American bank’s London-based analyst team.
Lloyds Banking Group PLC (LSE:LLOY) rating was unchanged by RBC whilst its analyst team lifted its sights for NatWest Group – with the price target moving to 360p from 355p.
NatWest, which this week was paid to make an acquisition, is benefiting from a better-than-expected net income environment, according to RBC, which pointed to the UK banking sector seeing ‘some growth in deposits’ and a ‘further slowdown in migration to interest-bearing accounts’.