Spotify cut at Wolfe Research as bull case requires more than music share gains
Investing.com — Wolfe Research downgraded Spotify Technology (NYSE:SPOT) to Peer Perform from Outperform on Friday, citing concerns over its valuation and the limited profitability of its core music streaming business. The firm noted that while Spotify is “pacing towards 1B+
Starboard Value builds 7.7% stake in chipmaker Qorvo, shares jump – WSJ
Investing.com– Starboard Value has built up a 7.7% stake in Qorvo Inc (NASDAQ:QRVO), the Wall Street Journal reported on Thursday, with the activist investor seeking changes to boost the company’s weak share price. The stake is worth about half
BofA cuts airline stocks, UAL top pick
Investing.com — Bank of America analysts adjusted their outlook on several airline stocks, highlighting a divergence in performance between network carriers and domestic airlines. The analysts upgraded American Airlines (NASDAQ:AAL) to Neutral from Underperform, citing benefits from strong premium revenues, a rebound
Lumentum overweight at Barclays on hyperscaler demand
Investing.com — Barclays upgraded Lumentum Holdings Inc (NASDAQ:LITE) to “Overweight” from “Underweight,” setting a price target of $125, given significant growth potential driven by surging demand from hyperscale customers. The brokerage highlighted a sharp increase in port counts and a
Apple stock added to Evercore’s Tactical Outperform List ahead of earnings
Investing.com — Evercore ISI added Apple Inc (NASDAQ:AAPL) stock to its Tactical Outperform List, highlighting the company’s potential to deliver a quarter in line with expectations, bolstered by growth in emerging markets and strong performances in its Services and Wearables