— An analyst at Guggenheim upgraded Snap to "buy" from "neutral," and Spotify from "sell" to "neutral." "Over the next 12 months, we expect the valuation scale will be tipped in favor of software, and as such, we view current software multiples as upside targets for our internet coverage," the analyst said in a note. Both Snap and Spotify were up more than 3% in the premarket.
— Chevron was upgraded to "buy" from "neutral" by an analyst at Bank of America, who noted the company's free cash flow can "can support fair value around $96 or 34% above current levels and with no need for any further recovery in oil prices." Shares of the energy giant rose by 1.9%.— Pinterest shares were up 3.4% after Guggenheim initiated the social media company with a "buy" rating and a $48-per-share price target.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
$WVE come get a piece ride the future 🌊🌊 Short squeeze of the year
Thank You President Trump!
Singapore Singapore Latest News, Singapore Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Analyst Upgrades Snap, Spotify StocksGuggenheim Securities analyst Michael Morris upgraded his stock ratings on Snap and Spotify after 'revising our valuation framework for our digital media coverage universe.' He also raised his stock price targets on Netflix and other stocks. More details:
Source: THR - 🏆 411. / 53 Read more »
Chinese stocks underpin Asia; markets wary of virus spike, U.S. presidential debateChinese stocks drove Asian markets higher on Monday, though sentiment was still cautious ahead of a U.S. Presidential debate and as a spike in new coronavirus cases undermined global economic recovery hopes. We’re all wary of the US presidential debate This night Azerbaijani military forces target was the civil population of Martakert. Azerbaijan used Smerch against the civil population of Arsakh! StopAzerbaijaniAggression StopAliyev ArtsakhStrong DefendArtsakh man, we use APPs for making trade.......not like that picture
Source: Reuters - 🏆 2. / 97 Read more »
It's too risky to put new money in stocks right now, Wells Fargo's Chris Harvey warnsWells Fargo Securities Christopher Harvey believes the uptick in coronavirus cases paired with election uncertainty could spark another 10% market drop. TradingNation Stocks only go up. TradingNation You guys are so negative. Wonder why? Dow 29k TradingNation Boy, I’m not bearish like this.
Source: CNBC - 🏆 12. / 72 Read more »
Top analysts recommend stocks like Alibaba and AutoZone amid the September sell-offTipRanks analyst ranking service pinpointed some of the picks of Wall Street's best-performing analysts. lomasmilrayitas And a recommended buy on the ever-undervalued Tesla !?
Source: CNBC - 🏆 12. / 72 Read more »
Stocks to buy, 23 high-conviction ideas across major themes: UBS - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Buy these stocks to ride the pandemic 'pet boom,' according to Bank of AmericaNew for subscribers: Buy these stocks to ride the pandemic 'pet boom,' according to Bank of America Check out CNBCPro today.
Source: CNBC - 🏆 12. / 72 Read more »