3M, M&T Bank, Live Nation Entertainment And A Major Semiconductor Company: CNBC's 'Final Trades'

Zinger Key Points
  • Analysts discuss Live Nation Entertainment, M&T Bank, 3M and NXP Semiconductors.
  • Shares of NXP, 3M and Live Nation shares rose Tuesday, while shares of M&T Bank fell.

Live Nation Entertainment, Inc. LYV is the stock Joshua Brown of Ritholtz Wealth Management still likes, the analyst said on CNBC’s "Halftime Report Final Trades."

TD Cowen analyst Stephen Glagola maintained Live Nation Entertainment with an Outperform rating and raised the price target from $105 to $110.

Jason Snipe of Odyssey Capital Advisors said he prefers M&T Bank Corporation MTB, citing the company's solid EPS beat for the latest quarter.

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M&T Bank reported second-quarter (Q2) 2023 revenue of $2.6 billion, beating the consensus of $2.39 billion.

Stephanie Link of Hightower said she likes 3M Company MMM. The company reported a very good beat and raise quarter.

3M reported Q2 2023 adjusted net sales of $7.99 billion, a decline of 4.7% year-over-year, beating the consensus of $7.87 billion. The stock is still down 8% on the year and traded at 12 times earnings.

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Jim Lebenthal of Cerity Partners said NXP Semiconductors N.V. NXPI is an attractively priced semiconductor company that reported excellent results.

NXP said revenue trends in all of its focus end-markets performed better than anticipated. Total revenues were down 0.4% on a year-over-year basis.

Price Action: NXP shares rose 4.3% to settle at $219.89, while 3M shares rose 5.3% to close at $109.83 on Tuesday. M&T Bank shares fell 1.4% to close at $137.87 on Tuesday, while Live Nation Entertainment gained 1.4% to settle at $98.47 on Tuesday.
Check This Out: AT&T Likely To Report Lower Q2 Earnings; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts

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Posted In: Long IdeasNewsTop StoriesMarketsMediaTrading IdeasCNBCHalftime Report Final TradesJason SnipeJim LebenthalJoshua BrownStephanie Link
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