Notes
RECAP
• $AMZN: Developing smart glasses for delivery drivers to aid navigation.
• $ARMK: Q4 EPS $0.54 vs. $0.53 est., new $500M buyback, dividend up 11%, FY25 guidance increased.
• $BLMN: Downgraded to Market Perform by Raymond James.
• $BKNG: Announces organizational changes and layoffs.
• $TSLA: Shares up 7% premarket, reached $1T market cap post-Trump win.
• $ENPH: Cutting 17% of workforce, expects $17-20M in restructuring costs.
• $NOV: Downgraded to Neutral by Citigroup, target price cut to $18.
• $SMR: Filed for up to $200M share offering.
• $Russia: Potential merger of major oil companies into one entity.
• $FTX: Sued Binance & Zhao for $1.8B, also suing Scaramucci.
• $GEHC & $RDNT: Collaborating on AI in imaging.
• $INSP: $75M share repurchase program.
• $TEVA: Seeking to reverse patent decision.
• $TSM: Ordered to stop exporting advanced AI chips to China.
• $SPNS: Reduced FY24 revenue forecast, Q3 underperformed.
• $SONY: Q2 profit up 69%, game biz profits doubled, PS5 sales at 3.8M.
• $PINS: Upgraded to Outperform by Wedbush.
#Downgrades - Nov 11, 2024
• $AGL: JMP Securities Downgrades to Market Perform from Market Outperform
• $ALTM: Scotiabank Downgrades to Sector Perform from Sector Outperform - PT $5.85
• $ARDX: H.C. Wainwright Downgrades to Neutral from Buy - PT $5.50
• $ATMU: Wells Fargo Downgrades to Equal Weight from Overweight - PT $45 (from $42)
• $BLMN: Raymond James Downgrades to Market Perform from Outperform
• $CBT: JPMorgan Downgrades to Underweight from Neutral - PT $105
• $CE: BMO Capital Downgrades to Underperform from Market Perform - PT $76 (from $138)
• $CE: UBS Downgrades to Neutral from Buy - PT $97 (from $161)
• $GCMG: TD Cowen Downgrades to Hold from Buy - PT $15.50
• $IMCR: Mizuho Downgrades to Neutral from Outperform - PT $38 (from $72)
• $MRK: Daiwa Securities Downgrades to Neutral from Outperform
• $NOV: Citi Downgrades to Neutral from Buy - PT $18 (from $21)
• $NRDY: JPMorgan Downgrades to Underweight from Neutral
• $NVR: Seaport Global Securities Downgrades to Neutral from Buy
• $PRA: Piper Sandler Downgrades to Neutral from Overweight - PT $18
• $RVTY: Nephron Downgrades to Sell from Sell - PT $105
• $SMAR: Guggenheim Downgrades to Neutral from Buy
• $TDW: Raymond James Downgrades to Outperform from Strong Buy - PT $102 (from $131)
• $TEM: Stifel Downgrades to Hold from Buy - PT $65 (from $45)
• $VALE: UBS Downgrades to Neutral from Buy - PT $11.50 (from $14)
• $WHF: Oppenheimer Downgrades to Perform from Outperform - PT $12 (from $14)
• $XERS: Piper Sandler Downgrades to Neutral from Overweight - PT $3