Stocks Analysis by Investing.com (Garrett Cook) covering: Yum! Brands Inc, Nike Inc, Dollar Tree Inc, Yum! Brands Inc. Read Investing.com (Garrett Cook)'s latest article on Investing.com
Here is your Pro Recap of the top takeaways from Wall Street analysts for the past week: upgrades for Wayfair and Dollar Tree, and downgrades for Lithium Americas, Foot Locker, and Yum! Brands.Along with Loop Capital's upgrade of Wayfair, the firm also cut its price target by $10, and Loop cites lower margin expectations and higher interest costs as the main drivers of that decision.
Hold at Loop means: “The stock is expected to perform in line with the market or its peer stocks over the next 12 months.”Shares did the usual scalp-trader abuse roundtrip, gaining about $1.50 only to linger for a couple hours until the regular-session open, in which the stock was sold back down $1.50 during volatility in the session's opening ETF positioning. Once 9:45AM New York time rolled around, shares took off and ended the day up 1% at $47.78.
The analysts valued Lithium Americas using a discounted cash flow methodology and a 10% discount rate, which they consider fair in terms of reflecting the execution risk and the safe jurisdiction. They lowered their price target from $9.33 to $7, implying a negative return potential for the stock. They also provided a sensitivity analysis around the discount rate, showing that a 12% discount rate would result in a $3.
Goldman compares the current situation with that of the 2007 and 2008 period, when FL reported weak sales and higher markdowns in the fourth quarter of 2017. They recall that the stock was trading at a low of around 9.5x forward earnings in January 2008.)"continues to account for the majority of FL’s offering, in our view, the reduced product depth will likely continue to impact FL traffic and comp growth.
Redburn-Atlantic analysts set a year-end 2024 price target of $115 for Yum! Brands, based on EV/EBITDA and P/E multiples of 14.6x and 18.6x, respectively. These multiples are in line with the prior 10- and 20-year average multiples, but below the premium multiples of the past five years.
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