5 Rumors Circling Wall Street Today
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September 29, 2022 10:07 AM EDT
In a note Thursday, BofA analyst Vivek Arya said sluggish iPhone demand has broad implications for chipmakers, although they are modest.
The analyst was speaking following reports Wednesday that tech giant Apple (NASDAQ: AAPL) was ditching plans to boost production of its... More
September 28, 2022 5:53 PM EDT
BMO Capital analyst Daniel Jester weighed in on Workiva (NYSE: WK) following reports from Bloomberg News that wo private equity firms are potentially interested in acquiring the company. Jester said that given recent takeover premiums the software sector, they think a base case offer would likely be in the mid to high $80/share range (~6.5-7x FY23 sales).
The analyst commented, "Workiva has a strong core in SEC and statutory reporting, but faced a tough 2022 given... More
