Midday movers: Dell, NetApp rise; Boeing falls

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Citi Closes 90-Day Upside Catalyst Watch on Dell (DELL) Following 'significant outperformance'

March 5, 2024 8:52 AM EST

Citi analyst Asiya Merchant reiterated a Buy rating and $125.00 price target on Dell (NYSE: DELL).

The analyst comments "Closing catalyst watch given the stocks significant outperformance (+70% vs SP500 +10%) following recent results and FY25 guide, which we believe is conservative with potential for... More

Xcel Energy (XEL) PT Lowered to $54 at Evercore ISI, 'it is unclear whether or not XEL’s equipment caused the fire'

March 5, 2024 7:32 AM EST

Evercore ISI analyst Durgesh Chopra lowered the price target on Xcel Energy (NASDAQ: XEL) to $54.00 (from $68.00) while maintaining a Outperform rating.

The analyst comments "Xcel Energy became aware on Monday, 02/26/24 of Texas wildland fires burning in or near the service territory of subsidiary Southwestern Public Service Company (SPS). The Company has been working with emergency response personnel to provide assistance. On 02/28/24 a law firm sent a letter to Xcel Energy on behalf of various property insurance interests whose insureds were... More

Evercore ISI Removes Apple (AAPL) from Tactical Outperform List, 'we think iPhone units are largely flat'

March 4, 2024 7:38 AM EST

Evercore ISI analyst Amit Daryanani reiterated an Outperform rating and $220.00 price target on Apple (NASDAQ: AAPL).

The analyst comments "AAPL reported upside to Dec-qtr with a print of $119.6B/$2.18 vs. street at $118B/$2.10, overall sales were up 2% y/y (adjusted for extra week LY was up +4%) driven by strength across iPhones (+6%) and services (+11%) that was partially offset by weakness in iPad (-25%) and wearables (-10%). One of the concerns here is the softer Mar-qtr guide that implies sales... More

Roth/MKM Positive on Plug Power (PLUG): '2H24 Margins Should Climb Rapidly'

March 4, 2024 7:35 AM EST

Roth/MKM analyst Craig Irwin reiterated a Buy rating and $9.00 price target on Plug Power (NASDAQ: PLUG).

The analyst comments "Plug reported transitional 4Q23 results as mgmt works to wiggle past a difficult balance sheet position. The most substantial near-term catalysts... More

Why Plug Power (PLUG) stock is down today

March 1, 2024 10:14 AM EST

Plug Power (NASDAQ: PLUG) stock dropped 10% Friday after the hydrogen fuel cell system developer disclosed 2023 results that missed expectations but said it resolved the "going concern" issues.

The company stated there is "no longer substantial doubt of the company's ability to... More