Alphabet, Meta Platforms Targets Cut at KeyBanc on Tougher Ad Environment By

© Reuters. By Senad Karaahmetovic KeyBanc analysts lowered price targets on Alphabet (NASDAQ:) and Meta Platforms (NASDAQ:) amid increasing concerns the ad market will see a downturn in 2023. These concerns have made investors further skeptical of revenue estimates for both META and GOOGL, analysts said in a client note. As a result, the analysts … Read more

Pinterest ‘Well-Positioned into Year-End’ – KeyBanc By

© Reuters By Sam Boughedda KeyBanc Capital Markets said Monday that data from its 3Q22 Consumer Survey showed Pinterest (NYSE:) returned to growth. An analyst who has an Overweight rating and $28 price target on Pinterest, stated the firm views Pinterest’s growth as an encouraging sign ahead of the holiday season and sees it as … Read more

KeyBanc Upgrades Homebuilders – Early Pain Equals Early Gain By

© Reuters. By Sam Boughedda A KeyBanc Capital Markets analyst upgraded the firm’s stance on homebuilders to Overweight from Underweight based on their “Early Pain = Early Gain” thesis. He told investors in a research note that, on balance, they see fundamental and rate pressure persisting but positive relative performance, supporting their upgrades. Shares of … Read more

Twilio and Zoom Well-Positioned – KeyBanc By

© Reuters. By Sam Boughedda KeyBanc Capital Markets analysts resumed coverage of 15 names in the broader Infrastructure Software group associated with digital automation, collaboration, customer engagement, and related digital agencies on Tuesday, including Twilio (NYSE:) and Zoom (NASDAQ:). Twilio was resumed with an Overweight rating and a $96 price target. “Leveraging messaging platform leadership, … Read more

KeyBanc Positive Into Earnings, Says Concerns are Discounted By

© Reuters. By Senad Karaahmetovic FedEx (NYSE:) is due to report earnings later this month with the majority of analysts concerned about the challenging macro outlook and execution. Earlier this week, Citi analysts downgraded FDX shares to Neutral from Buy as macro headwinds are likely to challenge earnings growth. “We believe Ground volume has been … Read more