Walmart reports, Alibaba earnings, Applied Materials: 3 things to watch
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- Wall St indexes advance with boost from chips, Iran optimism
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- Apple CEO warns price hikes 'unavoidable' as chip costs bite - WSJ
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Citi expects Abercrombie & Fitch Q1 EPS miss and guidance cut, but says it is mostly priced in
May 18, 2023 2:29 PM EDTAbercrombie & Fitch's (NYSE: ANF) price target was cut to $24 from $32 per share at Citi, with analyst Paul Lejuez maintaining a Neutral rating on the stock in a note Thursday.
Lejuez said the firm anticipates a 1Q EPS miss driven by lower... More
Citi Positive on Walmart (WMT)
May 18, 2023 8:14 AM EDTCiti analyst Paul Lejuez reiterated a Buy rating and $169.00 price target on Walmart (NYSE: WMT)
The analyst comments "The strong beat and raise should drive the stock higher."
For an analyst ratings summary and ratings history on Walmart... More
Alibaba (BABA) tops Q1 earnings estimates, approves Cloud Intelligence Group spin-off
May 18, 2023 7:52 AM EDTAlibaba (NYSE: BABA) topped first-quarter earnings estimates but missed revenue expectations on Thursday.
The Chinese technology giant reported Q1 EPS of RMB10.71, RMB1.25 better than the analyst estimate of RMB9.46. However, revenue of RMB208.2 billion in the quarter, which rose 2% YoY, was below the consensus estimate of RMB209.02... More
