Dell’s Valuation Attractive Despite Headwinds

© Reuters. By Sam Boughedda  Dell Technologies (NYSE:) valuation is attractive despite the current headwinds, BofA analysts said in a note to clients on Wednesday. The analysts, who have a Buy rating and a $60 price target on the stock, did, however, state that the limited visibility around C23 earnings impacts the company’s valuation. “Dell’s … Read more

US, global economy facing ‘very, very serious’ mix of headwinds: JP Morgan chief

New York, Oct 11 (IANS) The US and global economy is facing a “very, very serious” mix of headwinds that is likely to cause a recession by the middle of next year, warns Jamie Dimon, chief executive of JP Morgan Chase (NYSE:), the largest American investment bank. Dimon pointed to the effects of runaway inflation, … Read more

Morgan Stanley Bullish on CarMax Despite Headwinds By

By Sam Boughedda In a note to clients Tuesday, Morgan Stanley analysts maintained an Overweight rating on CarMax (NYSE:), cutting the price target to $90 from $124 per share. The analysts were positive about the company, stating it is Morgan Stanley’s “highest quality used name with 30% upside.” However, following the company’s lower-than-expected , the … Read more

Goldman Expects AMD to Cut its FY Forecast This Month, Says Headwinds are Priced In By

© Reuters By Senad Karaahmetovic Goldman Sachs cut price targets on Advanced Micro Devices Inc (NASDAQ:) and Intel Corporation (NASDAQ:) to reflect slashed CPU volume assumptions. The PC market is experiencing near-term weakness; hence estimates are lowered to reflect the ongoing market trends. The price target on AMD is cut to $88 per share from … Read more

H&M Shares Slide as Retailer Unveils Cost Cutting Plan to Counter Market Headwinds

By Scott Kanowsky — Shares in H & M Hennes & Mauritz AB B (ST:) dipped in early trading on Thursday after the Swedish fast fashion brand unveiled a major new cost cutting strategy in response to lower-than-expected . The world’s second-biggest fashion retailer said it will initiate a plan to “streamline” the business, with … Read more

IBM Not Immune to Macro Headwinds- UBS By

© Reuters. UBS cut IBM’s price target to $112 from $118 on Wednesday, maintaining a Sell rating on the stock, stating the company is not immune to macro. Analyst David Vogt also lowered estimates as they believe consulting revenue growth is likely to slow faster than expected, IBM is facing incremental FX headwinds, and margins … Read more

RBI MPC Outlook: When, Announcement Timing, Rate-Hike Expectations & Headwinds

By Malvika Gurung — The new week will house major economic announcements domestically and globally, like the RBI Monetary Policy Committee’s announcement scheduled on Sept 30 and the US GDP figures for the June quarter, among others. The Reserve Bank of India’s MPC will begin its three-day policy meet and deliberations on Sept 28 and … Read more

RBI committed to hold rupee at 80 to USD; global headwinds likely to ease

He also gave the Reserve Bank of India (RBI) high marks for using its reserves to stem the rupee’s fall. “The rupee has fallen quite sharply this year. But it has fallen less than most other currencies,” Jamal Mecklai, CEO, Mecklai Financial Services Pvt. Ltd told IANS. According to him, the main forces driving the … Read more

FedEx Shares Downgraded to Neutral at Citi on Macro Headwinds By

© Reuters. By Senad Karaahmetovic A Citi analyst has downgraded shares of FedEx (NYSE:) to neutral from Buy as he sees the potential for macro headwinds to challenge earnings growth this year. The analyst argues that FedEx is more long-term looking and its initiatives are mostly focused on F24 and beyond. The new price target … Read more