Latest news with #Jefferies
Business Insider
33 minutes ago
- Business
- Business Insider
Walmart Stock (WMT) Wilts as U.S. Summer Shoppers Eat Upmarket
Americans rediscovering the finest things in life when it comes to food has left Walmart (WMT) with a sour taste in its mouth. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Posh Nosh According to a new research report from Scott Marks, analyst at Jefferies, demand for premium food during June helped boost sales at rival Amazon's (AMZN) Whole Foods stores. However, it was less fruitful news for Sprouts Farmer Market (SFM) which experienced a slight deceleration. The Jefferies report added that grocery sales generally did well with Target (TGT) declines 'easing further' and Walmart and Kroger (KR) seeing growth acceleration. There was less good cheer for Walmart, however, with Sam's Club suffering as discount demand slid during the month. Walmart's stock dropped 0.6% given the importance of grocery to the company's overall revenue. Further, Target's app downloads and app usage metrics got worse in June, leading it to hold on to its rankings near the bottom of retailers on both fronts. Inflation Challenge Returning to Kroger, Jefferies said new management at the company had helped 'increase focus on the consumer and efficiency' including in its e-commerce channels. The figures come at an important time for the U.S. consumer who is being battered by higher inflation and general concerns over the state of the domestic and global economy. A lot of this pressure has come from President Trump's tariff policies forcing retailers like Walmart – known for its focus on value – to hike prices. It may come as a surprise then to Walmart that consumers are now instead flocking to premium sellers like Whole Foods, rather than discount. But with inflation once more on the rise it could be a different picture in July. Is WMT a Good Stock to Buy Now? On TipRanks, WMT has a Strong Buy consensus based on 28 Buy ratings. Its highest price target is $120. WMT's stock consensus price target is $111.33 implying a 16.85% upside.
Business Insider
2 hours ago
- Business
- Business Insider
Bytes Technology upgraded to Buy from Hold at Jefferies
Jefferies analyst Charles Brennan upgraded Bytes Technology (BYITY) to Buy from Hold with a 380 GBp price target The company's annual general meeting statement was 'undeniably weak', but the growth slowdown should be temporary and the fundamental health of Microsoft (MSFT) should underpin a future recovery for Bytes, the analyst tells investors in a research note. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Business Insider
3 hours ago
- Business
- Business Insider
Thule Group price target raised to SEK 335 from SEK 320 at Jefferies
Jefferies raised the firm's price target on Thule Group (THUPY) to SEK 335 from SEK 320 and keeps a Buy rating on the shares. The company's Q2 results mark a turning point in the 2025 narrative, with front-loaded margin pressure now behind us and a more constructive setup emerging for the second half, the analyst tells investors in a research note. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Mint
4 hours ago
- Business
- Mint
Indias Volatility Index Dips on Easing Tariff Concerns, Rate Cut Hopes
(Bloomberg) -- Before the trading day starts we bring you a digest of the key news and events that are likely to move markets. Today we look at: Good morning, this is Chiranjivi Chakraborty, an equities reporter in Mumbai. Local traders are set to start the day on the backfoot following the selloff on Wall Street and a choppy trend in regional markets. Till India's trade deal with the US is sealed, big moves could likely be limited to companies announcing quarterly numbers. Tech Mahindra's results later in the day will be closely watched after underwhelming numbers from TCS and HCL Technologies have further soured the outlook for the IT sector. Volatility cools on tariff relief, rate cut hopes India's 30-day ahead volatility — often called the fear index — has declined to its lowest level since April 2024, reflecting growing investor belief that President Donald Trump's tariff threats are largely rhetorical and aimed at negotiating. Meanwhile, local sentiment is getting a lift after the RBI Governor signaled Tuesday that the central bank will continue to cut interest rates if inflation eases or growth slows. Expanding valuations, shrinking returns Valuations in the BSE 500 index have stretched since June 20, according to analysts at Ambit. They point out that around 43% of the index's stocks trade at more than five times their price-to-sales ratio, compared with about 31% seen during the peak of the 2007 bull market. As a result, median returns have started to shrink. Ambit also warns that inflows into mutual funds may come under pressure, especially as returns from some of the largest small- and mid-cap funds begin to moderate. Ola's long journey to recovery After losing over $5 billion in market value from its peak, Ola Electric's latest quarterly results brought some relief. But the e-scooter maker needs to deliver on the bullish tone struck during its recent earnings call. HSBC analysts see a pragmatic approach in the company's outlook and execution strategy, but warn that most of the potential gains are already priced in. Analyst opinions are split: three recommend buying, three suggest selling, and two advise holding. The consensus points to a modest 6% return over the next year. Three great reads from Bloomberg today: HCL Technologies may have delivered a weaker-than-expected first-quarter performance, but there's still reason for optimism. According to Jefferies, the company's newfound status as the top revenue earner in the IT sector could help it maintain a valuation premium over larger rivals such as Infosys and Tata Consultancy Services. What's more, HCL has raised its growth outlook for fiscal 2026 to 3%-5% — the highest among India's top five IT services firms, Jefferies adds. To read India Markets Buzz every day, follow Bloomberg India on WhatsApp. Sign up here. --With assistance from Ashutosh Joshi, Alex Gabriel Simon and Kartik Goyal. More stories like this are available on
Business Insider
5 hours ago
- Business
- Business Insider
Campbell Soup (CPB) Gets a Hold from Jefferies
Jefferies analyst Scott Marks CFA maintained a Hold rating on Campbell Soup today and set a price target of $31.00. The company's shares closed today at $30.41. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. According to TipRanks, Marks CFA is a 2-star analyst with an average return of 2.3% and a 50.00% success rate. Marks CFA covers the Consumer Defensive sector, focusing on stocks such as JM Smucker, Campbell Soup, and Flowers Foods. The word on The Street in general, suggests a Hold analyst consensus rating for Campbell Soup with a $35.47 average price target, a 16.64% upside from current levels. In a report released on July 9, Wells Fargo also maintained a Hold rating on the stock with a $32.00 price target. Based on Campbell Soup's latest earnings release for the quarter ending April 27, the company reported a quarterly revenue of $2.48 billion and a net profit of $66 million. In comparison, last year the company earned a revenue of $2.37 billion and had a net profit of $133 million
