Analysts at UBS Securities lowered Wells Fargo’s rating and earnings forecast, saying the bank will have a tougher time bouncing bank from the coronavirus pandemic — more so than other financial institutions (FIs). In a UBS research document released on Monday (May 4), analysts lowered Wells...
Walt Disney Co. shares fell more than 2 percent on Monday (May 4) after MoffettNathanson cut the stock’s rating to “neutral” from a previous “buy” and reduced its price target $8 to $112 ahead of Tuesday’s planned earnings report. The firm also cut its fiscal...
China’s economy is going through its worst three-month period in decades and will record its first-ever GDP loss — 6.8 percent in the first quarter of 2020 compared to 2019, according to a statement from the National Bureau of Statistics of China. Analysts polled by...
Pre-sales for Apple’s new iPhone are beating expectations and topping last year’s pre-orders for the same time period, Reuters reported on Tuesday (Sept. 17). Independent research conducted by Wall Street analysts shows that first-weekend sales point to a healthy start and could offset the reduced...
July 26, 2017
“The [McDonald’s] brand is about fun. We really create delicious ‘feel-good’ moments for everybody that are also light hearted.” That was McDonald’s VP of Global Digital Experiences, Farhan Siddiqi, back in May when he dropped in to talk with Karen Webster about McDonald’s future in retail, as the digital doors were unlocking for one the world’s best […]
June 11, 2020
Shares of Apple tanked Thursday (June 11) after a week of gains, which were fueled in part by rising analyst optimism over the tech giant’s prospects as the coronavirus pandemic eases. Apple’s stock price fell 4.8 percent to $335.90 amid a much larger 5.3 percent decline by the Nasdaq Composite index. Apple had posted a […]
May 05, 2020
Analysts at UBS Securities lowered Wells Fargo’s rating and earnings forecast, saying the bank will have a tougher time bouncing bank from the coronavirus pandemic — more so than other financial...
May 04, 2020
Walt Disney Co. shares fell more than 2 percent on Monday (May 4) after MoffettNathanson cut the stock’s rating to “neutral” from a previous “buy” and reduced its price target...
April 17, 2020
China’s economy is going through its worst three-month period in decades and will record its first-ever GDP loss — 6.8 percent in the first quarter of 2020 compared to 2019,...
