Top Analyst Ratings Update: May 20th, 2025
Top Analyst Ratings
Airbnb (ABNB)Bank of America Merrill Lynch maintained its $146 target price for Airbnb, maintaining a Hold rating.
Advanced Micro Devices (AMD)Stifel Nicolaus issued a Target Update for AMD, reaffirming a Buy rating and setting the price target at USD 132.
Apple (AAPL)Morgan Stanley & Co. maintained its Buy rating on Apple and updated its price target to USD 235.
Canadian Pacific Railway (CP)Bank of America Merrill Lynch reiterated a Buy rating on Canadian Pacific Railway and raised the target price from USD 82 to USD 90.
FedEx (FDX)Morgan Stanley & Co. issued a Target Update for FedEx, maintaining a Sell rating with a price target of USD 200.
McDonalds (MCD)Loop Capital Markets updated its target for McDonald's, keeping a Buy rating and setting the price target at USD 346.
Snowflake (SNOW)JMP Securities reiterated its Market Outperform rating on Snowflake with an unchanged price target of USD 201.
Zoom Video Communications (ZM)Benchmark Research reiterated its Buy rating on Zoom Video with a price target of USD 97.
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Globe and Mail
30 minutes ago
- Globe and Mail
Asian shares are mixed as markets shrug at latest China-US trade deal
TOKYO (AP) — Asian shares were trading mixed early Thursday after Wall Street's rally stalled as investors appeared not to react much to the results of the latest round of China-U.S. trade talks. U.S. futures slipped while oil prices rose. Japan's Nikkei 225 lost 0.7% to 38,160.80. Hong Kong's Hang Seng sank 0.7% to 24,206.69, while the Shanghai Composite index edged 0.1% lower to 3,400.30. In South Korea, the Kospi gained 0.4% to 2,919.67, while Australia's S&P/ASX 200 edged 0.1% higher to 8,604.70. On Wednesday, the S&P 500 fell 0.3% to 6,022.24 for its first loss in four days. The Dow Jones Industrial Average was virtually unchanged at 42,865.77 after edging down by 1 point. The Nasdaq composite slipped 0.5% to 3,400.30. All told, the S&P 500 fell 16.57 points to 6,022.24. The Dow Jones Industrial Average slipped 1.10 to 42,865.77, and the Nasdaq composite sank 99.11 to 19,615.88. Several Big Tech stocks led the way lower, and a 1.9% drop for Apple was the heaviest weight on the market. It's been listless this week after unveiling several modest upcoming changes to the software that runs its devices. The action was stronger in the bond market, where Treasury yields eased after a report suggested President Donald Trump's tariffs are not pushing inflation much higher, at least not yet. U.S. consumers had to pay prices for food, gasoline and other costs of living that were 2.4% higher overall in May than a year earlier. That was up from April's 2.3% inflation rate, but it wasn't as bad as the 2.5% that Wall Street was expecting. A fear has been that Trump's wide-ranging tariffs could ignite an acceleration in inflation, just when it had seemed to get nearly all the way back to the Federal Reserve's 2% target from more than 9% three summers ago. It hasn't happened, though economists warn it may take months more to feel the full effect of Trump's tariffs. Trump said Wednesday that China will supply rare-earth minerals and magnets to the United States, while his government will allow Chinese students into U.S. universities in a deal that still needs an agreement by him and by China's leader. Trump also said that 'President XI and I are going to work closely together to open up China to American Trade. This would be a great WIN for both countries!!!' Investors are still hoping for a more sweeping trade deal that would ease tensions between the world's two largest economies. Hopes for such deals between the United States and countries around the world have been one of the main reasons the S&P 500 has charged nearly all the way back to its all-time high after dropping roughly 20% below a couple months ago. Without them, the fear is that Trump's high tariffs could drive the economy into a recession while pushing inflation higher. The S&P 500 is now sitting 2% below its record. Tesla swung between gains and losses before finishing with a rise of 0.1% to continue its shaky run. It's been recovering much of its big losses taken last week after Elon Musk's relationship with Trump imploded, which in turn raised fears about a loss of business for the electric-vehicle company. Musk on Wednesday backed away from some of his earlier comments and said they went 'too far.' In the bond market, the yield on the 10-year Treasury eased to 4.41% from 4.47% late Tuesday. Shorter-term yields, which more closely track expectations for what the Fed will do with overnight interest rates, fell more. Wednesday's better-than-expected reading on inflation raised expectations along Wall Street that the Fed could cut its main interest rate at least twice by the end of the year. In other dealings early Thursday, U.S. benchmark crude oil gained 13 cents to $68.28 per barrel. Brent crude, the international standard, picked up 10 cents to $69.87 per barrel. The U.S. dollar slipped to 144.05 Japanese yen from 144.60 yen. The euro rose to $1.1521 from $1.1487.
Globe and Mail
30 minutes ago
- Globe and Mail
Carney's G7 invitation list continues to expand, despite concerns about India's presence
Prime Minister Mark Carney continues to expand the invitation list for the coming Group of Seven summit, as he seeks to build new economic partnerships, though some of his caucus members are raising concerns about India's presence at the table. The Globe and Mail has learned that Saudi Arabia Crown Prince Mohammed bin Salman will not attend next week's G7 gathering in Kananaskis, Alta. – a development that may ease some of the tension inside Mr. Carney's Liberal caucus, as some MPs were also upset about Mr. bin Salman's invitation. The MPs say India and Saudi Arabia are in violation of Mr. Carney's own G7 priority of 'countering foreign interference and transnational crime,' and therefore should not have been invited. A list of attendants of the June 15-17 summit, issued Wednesday by the Prime Minister's Office, includes the leaders of Brazil, South Africa, India, the United Arab Emirates, South Korea, Mexico, Ukraine and Australia; the presidents of the European Commission and World Bank; and the NATO secretary-general. More leaders may still be confirmed. The members of the G7, an informal grouping of some of the world's most advanced economies, are Canada, France, Germany, Italy, Japan, Britain and the United States. The country hosting each year's summit often invites non-member states to attend in recognition of other major economies and the need for global collaboration on major policy priorities. Mr. Carney announced Wednesday that, ahead of the summit, British Prime Minister Keir Starmer will come to Ottawa for bilateral talks. 'Prime Minister Starmer's visit will strengthen the long-standing economic and security partnership between the two nations – and deliver growth and prosperity for our peoples,' Mr. Carney's office said in a statement. The two men previously met in March, on Mr. Carney's first trip abroad as Prime Minister. Liberal MP Sukh Dhaliwal criticizes Modi's G7 invitation in meeting with Carney The G7 summit will mark U.S. President Donald Trump's first visit to Canada since his re-election and imposition of tariffs on this country. Ottawa and Washington continue to negotiate toward a new trade and security deal. Mr. Carney has said the priorities guiding the summit are 'anchored' in building stronger economies. He will be seeking co-ordinated action in three areas: 'protecting our communities and the world,' 'building energy security and accelerating digital transitions,' and securing economic partnerships. Under that first heading, he specifically described tackling foreign interference and transnational crime – a priority that Liberal MPs said Wednesday is out of step with inviting Indian Prime Minister Narendra Modi and Mr. bin Salman. In 2023, Hardeep Singh Nijjar, a Sikh-Canadian advocate for the carving out of an independent state of Khalistan in India, was killed in B.C. Mr. Carney's predecessor, Justin Trudeau, publicly accused India of orchestrating the slaying, though New Delhi has denied the allegation. Four Indian nationals have been charged in the case. The foreign-interference inquiry also cited instances of Indian-state meddling in Canadian democratic processes. Opinion: Carney should know it's way too soon to invite Modi to Canada In 2018, Ottawa imposed sanctions on 17 Saudis for the slaying of dissident journalist Jamal Khashoggi at the Saudi consulate in Turkey. U.S. media later reported that the CIA believes Mr. bin Salman, the Saudi Crown Prince, ordered Mr. Khashoggi's killing – contradicting Riyadh's assertion that he was not involved. Gurbux Saini, a B.C. Liberal MP, said the G7 invitations of Mr. Modi and Mr. bin Salman undermine Canada's reputation. 'It is a damaging thing because we have been known in the world as caring and compassionate people who love human rights, and this is something the Prime Minister is aware of and it has been brought to his attention,' Mr. Saini said on his way into the party's weekly caucus meeting Wednesday. Mr. Carney did not answer questions from reporters Wednesday about the invite to Mr. bin Salman. But last week, Mr. Carney said it made sense for India to be at the table, as it is one of the largest economies in the world and central to global supply chains. He wouldn't comment on the allegations levelled by his predecessor against India, saying 'the rule of law is proceeding as it should,' and that he wasn't going to comment. But he said the invitation to Mr. Modi was extended in the context of continuing dialogue between law enforcement in both countries. Some MPs said Wednesday that, while they understand the imperative of engaging economically and diplomatically with India and Saudi Arabia, there has to be a wider discussion of the issues. 'These are important economic relationships to have,' said Karina Gould, who ran against Mr. Carney for Liberal leadership earlier this year. 'But that being said, as Canada, we also have certain values that are important to us, and when it comes to human rights, when it comes to standing up and protecting Canadian citizens on our soil, but also ensuring that freedom exists around the world, that that's a message that we should be passing along to both Prime Minister Modi as well as the Crown Prince.'
CTV News
37 minutes ago
- CTV News
Business is bleak: Urgent calls to resuscitate downtown Victoria
The annual report from the Downtown Vancouver Business Association is calling for urgent action from all three levels of government. Loading the player instance is taking more time than usual Loading the player instance is taking more time than usual It's not pretty, but it's predictable. The Downtown Victoria Business Association's annual report is highlighting myriad issues in the core of B.C.'s capital city, finding hundreds of business owners are interested in setting up shop elsewhere. Of the 627 business owners who responded to a DVBA survey, roughly 300 – or 48 per cent of respondents – said they'd consider closing if they weren't tied to a lease. 'Businesses are in a difficult situation and are no longer able to wait for long-term solutions,' DVBA executive director Jeff Bray said during a press conference on Wednesday. 'This really serves as a wake-up call for all three levels of government to take immediate action.' The challenges raised in the annual report are crime, homelessness, and parking. That won't come as a surprise to many, as downtown businesses have been flagging those issues for years. Oh Sugar, a candy shop on lower Johnson Street, is one of the businesses considering bidding downtown adieu. 'Post-pandemic, we've noticed a lot more… street disorder, crime, mental health issues,' Oh Sugar co-owner Keith Johnson said. 'It doesn't necessarily make financial sense to keep operating in the downtown core with just so much activity happening that's in a negative perspective.' When it comes to cash, about 39 per cent of DVBA survey respondents reported a decline in their net profits. Roughly 27 per cent of respondents saw an improved economic performance and 21 per cent had no change. Possible solutions in the works The DVBA wants the province to provide immediate access to addictions and mental health treatment, potentially using portable trailers as temporary service spaces. 'Get on with not only saving our downtowns but saving lives and providing humane care for people who are clearly struggling on our streets,' Bray said. B.C.'s Health Ministry said it's working urgently to expand mental health and addictions care. The DVBA is advocating for involuntary care for those who are extremely sick, which the province announced it was expanding last fall. It has opened 10 involuntary care beds at the Surrey Pretrial Services Centre and another 18 at Alouette Homes, a mental health facility in Maple Ridge. Also on the DVBA's wish list: increased funding for the justice system. '(A) small number of people (are) committing the majority of the crimes. If they were actually held in custody, you would see an immediate reduction in crime,' Bray said. Last month, the province launched a public safety program aimed at reducing robbery, shoplifting, vandalism, and other non-violent street crimes in high-traffic business areas. The province also noted it has increased the budget for the B.C. Prosecution Service and has funnelled money toward court service enhancements. As for the city's part in all of this, the DVBA is asking for an increased police presence downtown. It also wants to see sidewalk bylaws enforced more strictly, preventing people from camping along city streets. Victoria's mayor said the city is launching a community safety plan soon, which will address both of those concerns. 'I'm not particularly surprised and I'm actually pleased to see that we're sort of harmonious on the fact that we do want to have additional policing,' Marianne Alto said. 'Although I'm not at liberty to go into the details of it yet, you would not be surprised to see some similar concepts in the community safety plan when it's finally released.' The bright side Eleven per cent of downtown storefronts are vacant, up from about 3 per cent in 2019, the DVBA says. That doesn't mean downtown is without new additions. The owners of the Little Plant Shop moved their business from Edmonton to downtown Victoria a year-and-a-half ago. 'We're still building our following here, so we've been making money, but we could definitely be busier. Now that the locals are discovering us, it's picking up,' co-owner Eric Gibson told CTV Vancouver Island. He and his partner were drawn to the core because they wanted to be surrounded by local shops and take advantage of foot traffic. Much of that traffic comes from tourists – an industry that's been thriving in recent months. Depending on the day, Gibson sees between 20 to 200 customers come into the store on Johnson and Broad Street. 'If there were more free parking days, I think we would see more local traffic,' he said. Still, he's optimistic about the future of the business. 'There is a lot of support so far. I think everybody here… loves plants and we have a lot of unusual plants and our expertise kind of sets us apart from the other shops,' he said.
