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BofA Sees Pressures Ahead For Dollar Stores
Friday, February 26, 2021 - 11:36am | 584Read More...Dollar General Corp (NYSE: GD) and Dollar Tree, Inc. (NASDAQ: DLTR) shares were trading lower Thursday after BofA downgraded the companies ahead of their scheduled fourth-quarter earnings in March. Dollar General and Dollar Tree stores have seen sales soar over the course of the pandemic as out-of-...
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BofA Turns Bearish On Kroger Ahead Of Tough Comparisons
Tuesday, February 23, 2021 - 1:41pm | 291Read More...Grocery chain Kroger Co (NYSE: KR) faces difficult comparisons ahead and the stock's valuation could be pressured by negative identical sales in fiscal 2022. The Kroger Analyst: BofA Securities analyst Robert Ohmes downgraded Kroger's stock from Neutral to Underperform with a price...
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BofA Analyst: Canopy Poised For Growth As Democrats Hope For Marijuana Legalization
Monday, October 12, 2020 - 2:52pm | 632Read More...As the 2020 election heats up, Smith Falls, Ontario-based Canopy Growth Corp. (TSX: WEED)(NYSE: CGC) is hustling to gai additional U.S. market access, according to a Bank of America Global Research analysis. The year-long process to acquire New York-based Acreage...
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BofA Says Ulta Beauty 'Well-Positioned' For Life After Coronavirus
Wednesday, August 12, 2020 - 12:26pm | 351Read More...Beauty retailer Ulta Beauty Inc (NASDAQ: ULTA) is "well-positioned" to take advantage of favorable COVID-19-related trends in self-care, value items and a shift to online buying, according to BofA Securities. The Analyst: Lorraine Hutchinson initiated coverage of Ulta Beauty with a...
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Apple Could Announce In-House Chips For Macs At WWDC: Report
Tuesday, June 9, 2020 - 1:58pm | 421Read More...Apple Inc. (NASDAQ: AAPL) could confirm its move away from Intel Corporation (NASDAQ: INTC) and unveil its own Mac chips as early as this month at its Worldwide Developer Conference, or WWDC, which is scheduled to virtually this year June 22-26, Bloomberg reported Tuesday. Intel chips...
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How Social Distancing Is Driving Cannabis Demand
Thursday, March 19, 2020 - 5:50pm | 377Read More...Cannabis demand is on the rise amid the COVID-19 outbreak. That's according to a new report, released Thursday by the investment division of Bank of America. The demand acceleration promoted by social distancing of the coronavirus pandemic has not yet reflected on stock prices, according to...
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Bank Of America Cuts Cognizant's Price Target From $66 To $48
Tuesday, November 22, 2016 - 1:59pm | 283Read More...Bank of America Merrill Lynch downgraded Cognizant Technology Solutions Corp (NASDAQ: CTSH) to Underperform from Buy, citing risks around potential changes to the H-1B visa program and a slower growth profile. Analyst David Ridley-Lane noted that negative sentiment over H-1B visas remains the...
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Avoid Credit Card Stocks? BofA Downgrades Visa, Mastercard, Capital One And Discover
Thursday, February 11, 2016 - 11:12am | 347Read More...In a new report, Bank of America analyst Kenneth Bruce has downgraded Visa Inc (NYSE: V), Mastercard Inc (NYSE: MA), Capital One Financial Corp. (NYSE: COF) and Discover Financial Services (NYSE: DFS) from Buy to Neutral due to the uncertain earnings outlook in the U.S. According to Bruce, each...
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Self-Storage REITs Might Be The Way To Play, Says BofA
Friday, August 21, 2015 - 8:20am | 286Read More...Self-storage REITs reported sector-leading SS NOI growth in the second quarter of the year, even above already high expectations. With peak occupancies across the industry driving greater pricing power, Bank of America Merrill Lynch analysts Jana Galan, Jeffrey Spector and Camille Tan...
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Bank Of America Previews Groupon's Q2; Reiterates Buy Rating But Trims Price Target
Tuesday, August 4, 2015 - 1:15pm | 271Read More...Groupon Inc (NASDAQ: GRPN) is scheduled to announce its second-quarter financial results before the market opens on Friday. In a report issued Monday, Bank of America Merrill Lynch analysts Paul Bieber and Justin Post previewed the results, which they expect to be in-line with their estimates and...
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Why Bank Of America Now Thinks Virgin America Is A Buy
Tuesday, August 4, 2015 - 1:11pm | 301Read More...In a report issued Tuesday, Bank of America Merrill Lynch analyst Andrew G. Didora upgraded his rating on Virgin America Inc (NASDAQ: VA) from Underperform to Buy and raised his price target from $32.00 to $41.00 on robust revenue outperformance. According to the note, the company has...
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Citrix Continues To Rise After Multiple Wall Street Firms Upgrade Stock
Friday, June 12, 2015 - 10:17am | 194Read More...Joel Elconin is the co-host of Benzinga's #PreMarket Prep, a daily trading idea radio show. Citrix Systems, Inc. (NASDAQ: CTXS) traded up on Thursday, and shares have risen nearly 3 percent on Friday morning. The catalyst behind the rally is a letter sent to the Board of Directors by...
