Wall Street dips as third-quarter earnings season kicks off
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- S&P 500, Nasdaq end down on tech stocks, investors weigh Iran moves
- Oil drops more than $2 despite new US sanctions on Iran
- UBS says bull market has further to run
- S&P 500 may pull back before midterms, but Citi says buy the dip
- Global yield relief evaporates as U.S. rates push back toward multi-decade peaks
- Wattmore and Eos Energy strike non-exclusive storage software deal
- S&P 500, Nasdaq end down on tech stocks, investors weigh Iran moves
- Grand Canyon Education places CFO on leave amid stock trade probe
- RUM Group signs $13.7 billion GPU services deal, issues warrants
- Funds sell $44bn in semiconductors on AI concerns
Jefferies Cuts Price target on Yum! Brands (YUM) to $71 Following 3Q
October 8, 2015 9:21 AM EDTJefferies maintained a Hold rating on Yum! Brands (NYSE: YUM), and cut the price target to $71.00 (from $80.00), following the company's 3Q reports. 3Q CC provided color on China's SSS and profitability outlook. Jefferies continues to see challenges on returning China to its historical financial & growth... More
RBC Capital Cuts Price Target on Yum! Brands (YUM) Following 3Q Results
October 8, 2015 7:04 AM EDTRBC Capital maintained a Top Pick rating on Yum! Brands (NYSE: YUM), and cut the price target to $80.00 (from $103.00), following the company's 3Q results. The primary cause of RBC Capital's 20pp reduction in 2016e EPS is the major deceleration in China Pizza Hut sales... More
UBS Raises Price target on Pepsi (PEP) Following 3Q EPS Beat
October 7, 2015 8:27 AM EDTUBS reiterated a Buy rating on Pepsico (NYSE: PEP), and raised the price target to $108.00 (from $107.00), following the company's 3Q15 earnings results. PEP reported $1.35 in adjusted EPS vs. consensus of $1.26.
Analyst Stephen Powers commented, "PEP delivered another beat in Q3, reporting $1.35 in... More
