Schneider Electric price target raised to EUR 135 from EUR 128 at Barclays » 13:3401/1501/15/21
Barclays analyst Shane…
Barclays analyst Shane McKenna raised the firm's price target on Schneider Electric to EUR 135 from EUR 128 and keeps an Overweight rating on the shares.
Activision's 'COD: Black Ops: Cold War' best-selling game of 2020, says NPD » 10:5401/1501/15/21
ATVI, NTDOY, OTGLY, SNE, MSFT, UBSFY, CCOEY, TCEHY, EA, TTWO
NPD analyst Mat…
NPD analyst Mat Piscatella said that Activision's (ATVI) "Call of Duty: Black Ops: Cold War" was the best-selling game of both December as well as 2020, while "Call of Duty: Modern Warfare" was 2020's 2nd best-seller. "Call of Duty" ranked as the best-selling gaming franchise in the U.S. market for a record 12th consecutive year. Nintendo's (NTDOY) "Animal Crossing: New Horizons" was 2020's 3rd best-selling title, and the 6th best-selling game of December. In 2020 the title achieved the highest physical dollar sales for a Nintendo published game in a calendar year since Wii Fit Plus in 2010. CD Projekt's (OTGLY) "Cyberpunk 2077" debuted as the #2 best-selling game of December, and the 19th best-selling game of 2020, despite the lack of digital tracking. Sony's (SNE) "The Last of Us: Part II" finished 2020 as the year's 6th best-selling title overall. "The Last of Us: Part II" now ranks as the 3rd best-selling Sony published game in U.S. history in dollar sales, trailing only "Marvel's Spider-Man" and 2018's "God of War." Half of the top 20 best-selling games of December 2020 were published by Nintendo, Piscatella said. Other companies in the video game software space include Microsoft (MSFT), Ubisoft (UBSFY), Capcom (CCOEY), Tencent (TCEHY), Electronic Arts (EA), and Take-Two (TTWO). Reference Link
December video game spending grew 25% y/y to $7.7B, says NPD » 10:5101/1501/15/21
SNE, MSFT, ATVI, TTWO, GME, NTDOY, EA, UBSFY
NPD analyst Mat…
NPD analyst Mat Piscatella said that December 2020 consumer spending across video game hardware, content and accessories reached a December record $7.7B, 25% higher when compared to a year ago. Full year spending also set a new record, totaling $56.9B, 27% higher than 2019. Hardware dollar sales reached $1.35B in December 2020, an increase of 38% when compared to a year ago, and the highest total for a Decemeber month since the $1.37B achieved in December 2013. Annual hardware dollar sales totaled $5.3B, 35% higher than 2019, and the most since $5.6B was reached in 2011. The Nintendo Switch (NTDOY) was the best-selling hardware platform in units and dollars for both December and the 2020 year. Annual dollar sales of Switch hardware were the 2nd highest for a platform in U.S. history. Only the 2008 dollar sales of Nintendo Wii were higher. Sony's (SNE) PlayStation 5 finished 2020 as the #2 best-selling console in dollar sales, while PlayStation 4 ranked 2nd in units sold. PlayStation 5 set a new dollar sales record for PlayStation hardware through each platform's first December. Publicly traded companies in the space include Activision Blizzard (ATVI), Electronic Arts (EA), GameStop (GME), Microsoft (MSFT), Sony (SNE), Nintendo (NTDOY), Take-Two (TTWO) and Ubisoft (UBSFY). Reference Link
NXP Semiconductors price target raised to $209 from $165 at Truist » 09:2901/1501/15/21
Truist analyst William…
Truist analyst William Stein raised the firm's price target on NXP Semiconductors to $209 from $165 and keeps a Buy rating on the shares as part of a broader research note on semis. The analyst also selects the stock as one of his "highest conviction value" ideas for 2021, highlighting the company for its "idiosyncratic growth" in automotive applications, Internet of Things, and mobile.
Caterpillar price target raised to $200 from $160 at Jefferies » 08:4001/1501/15/21
Jefferies analyst Stephen…
Jefferies analyst Stephen Volkmann raised the firm's price target on Caterpillar to $200 from $160 and keeps a Hold rating on the shares. The December stimulus package, and the increased odds of additional stimulus under Democratic control of Congress, should provide additional tailwinds to growth in industrials, said Volkmann, who raised estimates and prices targets across his machinery coverage.
FCA announced as first OEM to implement Amazon's new Alexa Custom Assistant » 08:0201/1501/15/21
FCA (FCAU) will be the…
FCA (FCAU) will be the first automaker to implement Amazon's (AMZN) Alexa Custom Assistant into its vehicles, making it fast and easy to create intelligent voice experiences for FCA products. The Alexa Custom Assistant solution is built directly on the Alexa technology stack within FCA's Uconnect system and can be tailored to each FCA brand personality and customer need with a unique wake word, voice, skills and capabilities. This innovative technology also introduces the unique capability of two in-vehicle voice assistants to simultaneously cooperate and fulfill customer requests. This allows the FCA intelligent assistant to act as the product specialist with features and capabilities specific to the vehicle, while Alexa helps the customer with weather, smart home control, music and more. FCA has already begun the planning process for the integration of the Alexa Custom Assistant in its future models.
Wipro chosen by Fiat Chrysler to establish first global digital hub in India » 07:2401/1501/15/21
Wipro (WIT) announced…
Wipro (WIT) announced that it has been chosen as a strategic technology services partner by Fiat Chrysler Automobiles (FCAU) to establish its first global digital hub in Hyderabad, India. This digital hub, called FCA ICT India, will support FCA's information and communication technology operations to focus on delivering premium mobility services and help FCA achieve its goal to enhance customer centricity through digital transformation. As part of this engagement, Wipro will source and build a talent pool of more than 1000 skilled consultants and technologists for FCA ICT India who will help develop capabilities around futuristic technologies. The hub will showcase world-class high-performance engineering skills and digital best practices. FCA ICT India will be built from the ground up to meet FCA's specific needs and growth agenda in the region. Wipro's global expertise in the automobile sector will enable FCA to acquire the best talent and achieve digital transformation at scale.
Caterpillar price target raised to $200 from $165 at Barclays » 06:5201/1501/15/21
Barclays analyst Adam…
Barclays analyst Adam Seiden raised the firm's price target on Caterpillar to $200 from $165 and keeps an Equal Weight rating on the shares. The U.S. machinery and construction sector isn't yet fully priced for perfection, but after a 25% outperformance since November 1, "it's certainly closer," Seiden tell investors in a research note.
STMicroelectronics price target raised to EUR 40 from EUR 36 at Barclays » 15:4101/1401/14/21
Barclays analyst Andrew…
Barclays analyst Andrew Gardiner raised the firm's price target on STMicroelectronics to EUR 40 from EUR 36 and kept an Overweight rating on the shares.
Infineon price target raised to EUR 33 from EUR 28 at Barclays » 15:2501/1401/14/21
Barclays analyst Andrew…
Barclays analyst Andrew Gardiner raised the firm's price target on Infineon to EUR 33 from EUR 28 and kept an Equal Weight rating on the shares.