Midday movers: Nvidia, Carnival Rise; SolarEdge, Pool fall

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NVIDIA (NVDA) PT Raised to $175 at Cantor Fitzgerald

June 26, 2024 6:31 AM UTC

Cantor Fitzgerald analyst C.J. Muse raised the price target on NVIDIA (NASDAQ: NVDA) to $175.00 (from $140.00) while maintaining a Overweight rating.

The analyst comments "As NVDA has now grown to be one of the largest market cap companies globally (~$3T), the... More

Carnival Corporation (CCL) PT Raised to $22 at Citi, 'CCL - Pricing Power Persists in ‘post post-COVID’ Cruise Era'

June 26, 2024 5:37 AM UTC

Citi analyst James Hardiman raised the price target on Carnival Corporation (NYSE: CCL) to $22.00 (from $18.00) while maintaining a Buy rating.

The analyst comments "While cruise companies have consistently pointed to strong (and if anything, accelerating) demand for some time, there have been enough... More

NVIDIA (NVDA) PT Raised to $150 at Citi

June 26, 2024 5:05 AM UTC

Citi analyst Atif Malik raised the price target on NVIDIA (NASDAQ: NVDA) to $150.00 (from $126.00) while maintaining a Buy rating.

The analyst comments "We increase our above consensus CY25/26 EPS by 7%/13% to reflect growing 2025 build plan of GB200 for both NVL36/76 configurations... More

CFRA Reiterates Sell Rating on Boeing (BA), 'a buyout of most of SPR will resolve BA's quality control problems'

June 25, 2024 4:31 PM UTC

CFRA analyst Stewart Glickman reiterated a Sell rating and $147.00 price target on Boeing (NYSE: BA)

The analyst comments "We keep our 12-month target at $147 on relative P/E analysis. The WSJ is reporting that BA is in talks to buy about two-thirds of key supplier Spirit Aerosystems... More

Airbus (AIR:FP) (EADSY) PT Lowered to EUR155 at Jefferies, 'Yet another reset, just not enough to derail the mid-term appeal'

June 25, 2024 3:31 PM UTC

Jefferies analyst Chloe Lemarie lowered the price target on Airbus (AIR:FP) (OTC: EADSY) to EUR155.00 (from EUR190.00) while maintaining a Buy rating.

The analyst comments "Airbus's surprise guide cut announced yesterday led to a significant drop in share price.... More

GLJ Research on SolarEdge Technologies (SEDG): 'forward guidance that will likely disappoint'

June 25, 2024 3:03 PM UTC

GLJ Research analyst Gordon Johnson reiterated a Buy rating and {REMOVEPT} price target on SolarEdge Technologies (NASDAQ: SEDG).

The analyst comments "SolarEdge Announces it is Raising $300mn via Senior Convertible Notes due 2029 and Provides (disappointing) 2Q24E Free-Cash-Flow Guidance. So, yesterday, after the close, via an 8-K filing, SEDG made three key announcements, including: (1) it is raising $300mn,... More

Wolfe Research Reiterates Outperform Rating on Carnival Corporation (CCL)

June 25, 2024 1:06 PM UTC

Wolfe Research analyst Greg Badishkanian reiterated an Outperform rating and $19.00 price target on Carnival Corporation (NYSE: CCL).

The analyst comments "We are Outperform rated on Carnival. Following unprecedented COVID-era headwinds, the cruise industry has posted consistent growth in bookings / pricing as government-mandated testing and... More

Truist Securities Reiterates Hold Rating on Carnival Corporation (CCL)

June 25, 2024 12:24 PM UTC

Truist Securities analyst C. Patrick Scholes reiterated a Hold rating and $17.00 price target on Carnival Corporation (NYSE: CCL).

The analyst comments "All-around, while not a blow-out beat & raise like we have seen from RCL (Buy) this year, it was still a legitimate beat & raise. 2Q Adj. EPS was above guidance by $0.14 and... More

Carnival Corporation (CCL) PT Raised to $23 at JPMorgan

June 25, 2024 12:16 PM UTC

JPMorgan analyst Matt Boss raised the price target on Carnival Corporation (NYSE: CCL) to $23.00 (from $21.00) while maintaining a Overweight rating.

The analyst comments "CCL reported 2Q24 adj. EPS of $0.11 (or 14 cents above mgmts guide for a loss of $0.03) with upside across... More

Melius on Carnival Corporation (CCL): 'It’s all clicking and managing is becoming easier'

June 25, 2024 12:12 PM UTC

Melius analyst Conor Cunningham reiterated a Buy rating and $20.00 price target on Carnival Corporation (NYSE: CCL).

The analyst comments "Its all clicking and managing is becoming easier. Over the past couple years, Carnival has needed to build back the booking curve from... More

SolarEdge (SEDG) sinks on convertible notes offering and guidance; analysts weigh in

June 25, 2024 8:41 AM UTC

Shares of SolarEdge Technologies (NASDAQ: SEDG) plunged more than 18% premarket Tuesday after the company announced its intention to offer $300 million aggregate principal amount of Convertible Senior Notes due 2029 in a private offering.

In connection with the Offering, SolarEdge said it expects to grant the initial purchasers of the Notes a 13-day option to purchase up to an additional $45 million aggregate principal amount of the Notes on the same... More