Latest news with #ChristopherRichter
CNBC
19-07-2025
- Automotive
- CNBC
These companies reporting next week have earnings momentum on their side
A few companies that are reporting quarterly results next week could see their shares rise, including General Motors and Charter Communications . Earnings season ramps up next week, as 98 companies in the S & P 500 — or around 20% of the benchmark — are slated to share their most recent quarterly earnings. Telecom and defense names are set to report, while the week's headliners will include big names like Tesla , Alphabet and General Motors . With this in mind, CNBC Pro screened data from FactSet to find the S & P 500 companies reporting earnings next week that might see a post-earnings boost. To be included in the table below, stocks had to meet the following criteria: Have an upside to average price target of at least 20% Have earnings per share estimates revised upwards by at least 10% in the past three and six months One name on the list was General Motors, which next reports on Tuesday. Shares of the automaker are flat in 2025, but consensus price targets call for about 32% upside. Earlier this month, CLSA initiated shares of General Motors at an outperform rating. Analyst Christopher Richter's target price of $68 implies an upside of nearly 28% from Friday's close. "Making the best of a bad situation, GM management senses an opportunity to turn Trump's auto tariffs to its advantage," the analyst wrote. "By holding back on any price hikes that would cover the import duties, GM is successfully turning up the heat on its competitors, especially those based overseas, all of which are loath to attract the wrath of the president. Furthermore, the company will spend US$4bn to move some production back to the USA." Analysts' price targets suggest that telecom stock Charter Communications could rise 30%. The company will post results next Friday. In May, Loop Capital upgraded the stock to a buy rating from hold. Analyst Alan Gould's new price target of $510, raised from $430, corresponds to about 33% upside ahead. As a catalyst, the analyst cited enhanced growth prospects from Charter's anticipated merger with Cox Communications. "The transaction is expected to be accretive, reduce leverage, and deliver scale efficiencies — positioning CHTR as the largest domestic cable operator," Gould wrote. "Additionally, CHTR's Life Unlimited rebrand, which provides a converged broadband/mobile offering as well as customer service guarantees, is showing early traction. Its new video strategy, which provides the ad-tier version of the programmers streaming apps at no extra cost should help mitigate video subscriber losses." Shares of Charter Communications have gained 11% this year. NextEra Energy , up nearly 6% this year, could also get a post-earnings lift next week. The average analyst price target implies a rally of 20% ahead. The company is slated to report earnings next Wednesday. Earlier in July, Wolfe Research added the stock to its Alpha List. "We're adding NEE, as we see an inflection point in a high-quality name trading at a modest premium, as meaningful overhangs are resolving," wrote Wolfe analyst Steve Fleishman. "Top tier growth with a strong balance sheet should sustain long-term." Fleishman's $82 price target is approximately 8% above where the stock closed on Friday.
Khaleej Times
05-02-2025
- Automotive
- Khaleej Times
Nissan may call off merger talks with Honda, says source
Japan's Nissan may call off its merger talks with Honda, and Nissan's board is due to meet in the near future to decide a course of action, according to a person familiar with the matter. Honda, Japan's second-largest car maker, and Nissan, its third-largest, last year said they were in discussions to merge and create the world's third-largest automaker by sales, bulking up in an industry that faces a vast threat from China's BYD and other electric vehicle entrants. But the talks have been complicated by growing differences on both sides, according to two people familiar with the matter, both of whom declined to be identified because they were not authorised to speak to the media. Nissan's board is due to soon meet to discuss calling off the talks after Honda sounded it out about becoming a subsidiary, one of the people said, adding that such an arrangement was a departure from the spirit of discussions originally framed as a merger of equals. The development raises fresh questions about how hard-hit Nissan could ride out its latest crisis without external help. Nissan is in the middle of a turnaround plan, aiming to cut 9,000 employees and 20% of global capacity. Honda, with a market value nearly five times bigger than Nissan, is increasingly worried about its smaller rival's progress on the turnaround plan, said the other person. Japan's Asahi Shimbun newspaper earlier reported that the merger could be called off. Shares of both carmarkers rose on Wednesday, with Honda up more than 2% and Nissan up 1.6% against a slight decline in Tokyo's Nikkei 225 index. Spokespeople for both companies on Wednesday did not comment on whether merger talks were off, but said they would make an announcement in mid-February, as previously flagged. "The news saying that Nissan did not want to be a Honda subsidiary appears to highlight that control was a contentious issue," said Christopher Richter, senior Japan autos analyst at brokerage CLSA. "Without being able to have control, Honda appears to be walking away." DISRUPTION Nissan has been hit harder than some other carmakers by the shift to EVs, having never fully recovered after years of crisis sparked by the arrest and ouster of former Chairman Carlos Ghosn in 2018. The tie-up talks have coincided with the disruption posed by potential tariffs from U.S. President Donald Trump. Tariffs against Mexico would be more painful for Nissan than for Honda or Toyota, according to analysts. Nissan's long-term alliance partner Renault had said it would be open in principle to the merger with Honda. The French automaker owns 36% of Nissan, including 18.7% through a French trust. Nissan and Honda had initially said they planned to decide the direction of the integration by the end of January, but that was later pushed back to mid-February. Sources told Reuters last month that Nissan's smaller alliance partner Mitsubishi Motors, which had considered joining the merger, might not do so.
Zawya
05-02-2025
- Automotive
- Zawya
Nissan may call off merger talks with Honda, source says
TOKYO - Japan's Nissan may call off its merger talks with Honda, and Nissan's board is due to meet in the near future to decide a course of action, according to a person familiar with the matter. Honda, Japan's second-largest car maker, and Nissan, its third-largest, last year said they were in discussions to merge and create the world's third-largest automaker by sales, bulking up in an industry that faces a vast threat from China's BYD and other electric vehicle entrants. But the talks have been complicated by growing differences on both sides, according to two people familiar with the matter, both of whom declined to be identified because they were not authorised to speak to the media. Nissan's board is due to soon meet to discuss calling off the talks after Honda sounded it out about becoming a subsidiary, one of the people said, adding that such an arrangement was a departure from the spirit of discussions originally framed as a merger of equals. The development raises fresh questions about how hard-hit Nissan could ride out its latest crisis without external help. Nissan is in the middle of a turnaround plan, aiming to cut 9,000 employees and 20% of global capacity. Honda, with a market value nearly five times bigger than Nissan, is increasingly worried about its smaller rival's progress on the turnaround plan, said the other person. Japan's Asahi Shimbun newspaper earlier reported that the merger could be called off. Shares of both carmarkers rose on Wednesday, with Honda up more than 2% and Nissan up 1.6% against a slight decline in Tokyo's Nikkei 225 index. Spokespeople for both companies on Wednesday did not comment on whether merger talks were off, but said they would make an announcement in mid-February, as previously flagged. "The news saying that Nissan did not want to be a Honda subsidiary appears to highlight that control was a contentious issue," said Christopher Richter, senior Japan autos analyst at brokerage CLSA. "Without being able to have control, Honda appears to be walking away." DISRUPTION Nissan has been hit harder than some other carmakers by the shift to EVs, having never fully recovered after years of crisis sparked by the arrest and ouster of former Chairman Carlos Ghosn in 2018. The tie-up talks have coincided with the disruption posed by potential tariffs from U.S. President Donald Trump. Tariffs against Mexico would be more painful for Nissan than for Honda or Toyota, according to analysts. Nissan's long-term alliance partner Renault had said it would be open in principle to the merger with Honda. The French automaker owns 36% of Nissan, including 18.7% through a French trust. Nissan and Honda had initially said they planned to decide the direction of the integration by the end of January, but that was later pushed back to mid-February. Sources told Reuters last month that Nissan's smaller alliance partner Mitsubishi Motors, which had considered joining the merger, might not do so. (Reporting by Maki Shiraki and Daniel Leussink; additional reporting by Rocky Swift; Writing by David Dolan; Editing by Sam Holmes, Lisa Shumaker, Jamie Freed and Sonali Paul)
