2020-04-22 07:29:32 LMT Lockheed Martin
04/22/20 04/2207:29 04/22/2007:29 | Lockheed Martin price target lowered to $425 from $475 at ArgusArgus analyst John Eade lowered the firm's price target on Lockheed Martin to $425 from $475 to reflect his expectation of market valuations being depressed during the pandemic. The analyst is keeping a Buy rating on the shares however and believes that the recent weakness offers a buying opportunity. Eade cites accelerating government spending on defense, supporting earnings and cash flow growth over the next several quarters. Eade also notes Lockheed Martin's international revenue diversification, which is now 25% of sales, and he expects the ongoing geopolitical tension to benefit sales. |
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Moderna to provide 13M doses of COVID vaccine to Philippines »
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Moderna
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Atea Pharmaceuticals presents Phase 1 results for AT-527 »
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Ridgeback, Merck announce findings from Phase 2a trial of COVID therapeutic »
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Woolworths Group upgraded to Buy from Neutral at Goldman Sachs »
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Nippon Steel upgraded to Conviction Buy from Buy at Goldman Sachs »
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Nippon Steel
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Kobe Steel upgraded to Neutral from Sell at Goldman Sachs »
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Larsen & Toubro upgraded to Conviction Buy from Buy at Goldman Sachs »
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Larsen & Toubro
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Opening Day: InnovAge rises, Oscar Health slips on first trading day »
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Super Micro Computer participates in a conference call with Northland »
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Super Micro Computer
Conference call with CFO… Conference call with CFO Weigand will be held on March 12 at 12 pm. Webcast Link ShowHide Related Items >><<
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Accuray participates in a conference call with Northland »
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Cconference call with… Cconference call with President & CEO Levine and CCO Winter will be held on March 15 at 12 pm. Webcast Link ShowHide Related Items >><<
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Cisco, Qualcomm offer solid yield, dividend growth, Barron's says »
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It's hard to find… It's hard to find attractive yields with dividend growth among tech stock but Broadcom (AVGO), Cisco (CSCO), Qualcomm (QCOM) and Texas Instruments (TXN) offer both, Lawrence Strauss writes on this week's edition of Barron's. Reference Link ShowHide Related Items >><<
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Vertex underperformance after drug setback a buying opportunity, Barron's says »
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Lowe's can win reopening, stock a buy, Barron's says »
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MyTheresa stock might be cheapest thing it sells, Barron's says »
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Mytheresa stock -… Mytheresa stock - technically an American depositary share of parent company MYT Netherlands Parent - was recently trading just below its $26 initial-public-offering price after having jumped to $36 shortly after the debut, Nicholas Jasinski writes in this week's edition of Barron's. The stock could recover those losses and more in the coming months, the author contends, noting that while luxury buyer might have been slower to adopt e-commerce, the overall luxury market is growing by about 7% annually. Reference Link ShowHide Related Items >><<
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Initiation
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Cloopen initiated with a Neutral at Goldman Sachs »
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Goldman Sachs analyst… Goldman Sachs analyst Tina Hou initiated coverage of Cloopen Group Holding with a Neutral rating and $16.20 price target, implying 9% downside. Cloopen is China's largest multi-capability cloud-based communications solution provider by revenues with with 12,000 active customers as of Q3, Hou tells investors in a research note. The analyst likes Cloopen's "ample" market opportunities and "comprehensive" product offering, but believes current valuations already reflect the stock's long-term growth potential. ShowHide Related Items >><<
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Initiation
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Adagene initiated with a Buy at Goldman Sachs »
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Goldman Sachs analyst… Goldman Sachs analyst Ziyi Chen initiated coverage of Adagene with a Buy rating and $29 price target, which represents 26% upside. Adagene is a pre-revenue biotech company with a proprietary antibody drug discovery platform, Chen tells investors in a research note. The analyst believes Adagene has the potential to "revolutionize antibody drug discovery" if its dynamic precision library platform is fully validated. Chen sees "multiple value-driving catalysts" in 2021. ShowHide Related Items >><<
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Charged: GM-backed Cruise said to be in talks to acquire Voyage »
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Ellington Financial reports estimated book value per share of $18.06 on Feb 28 »
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The company announced its… The company announced its estimated book value per common share of $18.06 as of February 28. This estimate includes the effect of the previously announced monthly dividend of 10c per common share, payable on March 25 to holders of record on February 26, with an ex-dividend date of February 25. ShowHide Related Items >><<
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Okta CEO: Really excited about the execution of the company »
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In an interview on… In an interview on CNBC's Mad Money, Todd McKinnon said Okta's (OKTA) combination with Auth0 gives customers great choice and flexibility. "It's not a small company, it's scaling," he said. "If you look at the SolarWinds (SWI) incident, it's clear that everything in the office must be secure," he added. ShowHide Related Items >><<
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SPDR Gold Shares holdings fall to 1,069.26MT from 1,078.30MT »
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This is the 3rd… This is the 3rd consecutive decrease in holdings and the lowest level since May 1st, 2020. ShowHide Related Items >><<
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First Solar's Hambro sells 10,000 common shares »
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In a regulatory filing,… In a regulatory filing, First Solar director George A. Hambro disclosed the sale of 10,000 common shares of the company on March 3 at a price of $80.67 per share. ShowHide Related Items >><<
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