Midday movers: Adobe, Hasbro rise; GameStop and RH fall

Vague Comments Circulate as a Follow Up On Yesterday Stronger Cruise Liner Performance Amid Ocean Spend Concerns

June 18, 2024 9:41 AM EDT

Vague Comments Circulate as a Follow Up On Yesterday Stronger Cruise Liner Performance Amid Ocean Spend Concerns.

Channel-check outlet issued vaguely positive comments on Norwegian Cruise Line (NYSE: NCLH), Royal Caribbean (NYSE: RCL), and Carnival Corp. (NYSE: CCL).... More

Morgan Stanley Positive on Tesla (TSLA)

June 18, 2024 9:22 AM EDT

Morgan Stanley analyst Adam Jonas reiterated an Overweight rating and $310.00 price target on Tesla (NASDAQ: TSLA).

The analyst comments "Amid bearish institutional investor sentiment, we reiterate our OW rating on Tesla with a $310 price target. Our thesis on Tesla... More

Adobe (ADBE) PT Raised to $660 at Bernstein SocGen Group

June 17, 2024 5:52 AM EDT

Bernstein SocGen Group analyst Mark Moerdler raised the price target on Adobe (NASDAQ: ADBE) to $660.00 (from $653.00) while maintaining a Outperform rating.

The analyst comments "Adobe had a good quarter with beats on all major metrics, full-year guidance raises, and the stock subsequently up over 15% in the aftermarket. The... More

Restoration Hardware (RH) PT Lowered to $300 at Morgan Stanley

June 17, 2024 5:20 AM EDT

Morgan Stanley analyst Simeon Gutman lowered the price target on Restoration Hardware (NYSE: RH) to $300.00 (from $320.00) while maintaining a Equalweight rating.

The analyst comments "Our EW investment view is unchanged. We have been patiently waiting on the sidelines for an... More

BofA Securities Reiterates Buy Rating on Zscaler (ZS)

June 17, 2024 5:16 AM EDT

BofA Securities analyst Tal Liani reiterated a Buy rating and $265.00 price target on Zscaler (NASDAQ: ZS).

The analyst comments "We attended Zscalers user conference, Zenith Live 2024, where we received deeper exposure to new portfolio innovations, increased SAM sizing, and go-to-market changes. Sentiment... More

Arm Holdings plc (ARM) to join the Nasdaq-100 index

June 14, 2024 8:32 AM EDT

Nasdaq announced late Thursday that Arm Holdings (NASDAQ: ARM), a UK-based, US-listed Company, will become a component of the Nasdaq-100 Index and various other Nasdaq indices.

The semiconductor firm is set to replace Sirius XM in the Nasdaq-100 Index and the... More

BofA upgrades Hasbro stock, sees a 50% upside

June 14, 2024 7:59 AM EDT

Bank of America upgraded Hasbro (NASDAQ: HAS) to Buy and increased the price target to $80 from $70 on Friday, citing accelerating digital growth and a recovering physical play business.

"We do not believe consensus forecasts are fully accounting for the success of HAS' digital gaming strategy with Monopoly Go!"... More