BofA Securities

IBM (NYSE: IBM) reported better-than-expected fourth-quarter results and also issued upbeat earnings forecast for fiscal year 2020. This is a turnaround from the third quarter, when it missed the consensus revenue estimate. The Analysts BofA Securities analyst Wamsi Mohan reiterated a Buy rating...

GW Pharmaceuticals PLC- ADR (NASDAQ: GWPH) exceeded fourth-quarter estimates for Epidiolex sales, notching $108 million in revenue for the CBD drug, according to the company's preliminary figures.  The earnings preview triggered a brief run in the stock this week — one bulls...

Automotive semiconductor companies catering to electric vehicles (EV) and advanced driver assist systems (ADAS) appear poised to outperform over the next three years, according to BofA Securities. The Analyst BofA’s Vivek Arya named NXP Semiconductors NV (NASDAQ: NXPI) as the top pick,...

Organigram Holdings Inc. OGI (TSX:OGI) reported first-quarter net revenue of CA$25.2 million ($19.3 million) Tuesday, up 102% year-over-year from CA$12.4 million. The Organigram Analysts Cantor Fitzgerald’s Pablo Zuanic maintained an Overweight on Organigram and lowered the price target...

Over the last 12 months, Aurora Cannabis Inc. (NYSE: ACB) shares have fallen 70%. Two sell-side analysts turned bearish on the cannabis stock Friday.  The Aurora Analysts Piper Sandler analyst Michael Lavery downgraded Aurora Cannabis from Neutral to Underweight and lowered the price target...

Although Life Storage Inc (NYSE: LSI) may continue to record decelerating top line growth, improved supply visibility and better expense control may allow the company to generate growth in funds from operations in 2020, according to BofA Securities. The Analyst Bank of America analyst Jeffrey...

Nio Inc – ADR (NYSE: NIO) reported strong deliveries for December on Monday, capping a strong second half of 2019. The Nio Analyst Bank of America Securities analyst Ming-Hsun Lee reiterated a Neutral rating on Nio and increased the price target from $3.80 to $3.90. The Nio Thesis Nio...

CubeSmart (NYSE: CUBE) is facing elevated supply pressures and risk of negative SS NOI (same-store net operating income), according to BofA Securities. The Analyst BofA analyst Jeffrey Spector downgraded CubeSmart from Neutral to Underperform, reducing the price target from $33 to $31. The Thesis...

Bank of America's bearish thesis on Kellogg Company (NYSE: K) dates back to late 2016. The firm said Friday that it can no longer be justified ahead of a year of expected growth in 2020. At the same time, BofA dropped its bullish case for Hershey Co (NYSE: HSY) on valuation concerns....