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As previously reported yesterday morning, Citi analyst Alicia Yap upgraded Tencent Music Entertainment to Buy from Neutral with a price target of $9.70, up from $8.20. The analyst believes affordable music entertainment subscription ticket size could prove resilient amid the cautious consumption environment. Tencent Music is showing "healthy" sustainable music subscription revenue and margins, the analyst tells investors in a research note. The firm views the company's Q1 report as "solid."
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05/16/23 Tencent Music falls -8.1% 03/21/23 Tencent Music falls -10.0% 02/08/23 Tencent Music announces integration of TME UNI Chart on Billboard's website 01/30/23 Tencent Music falls -8.2% 05/17/23 China Renaissance Tencent Music upgraded to Buy from Hold at China Renaissance 05/17/23 Mizuho Tencent Music price target raised to $11 from $10 at Mizuho 05/17/23 Citi Tencent Music upgraded to Buy from Neutral at Citi 05/17/23 Macquarie Tencent Music upgraded to Neutral from Underperform at Macquarie 05/16/23 Tencent Music reports Q1 EPS 11c, consensus 11c 03/21/23 Tencent Music reports Q4 EPS 11c, consensus 13c 05/17/23 What You Missed On Wall Street On Wednesday 05/17/23 What You Missed On Wall Street This Morning 04/24/23 Street Wrap: Today's Top 15 Upgrades, Downgrades, Initiations 03/21/23 What You Missed On Wall Street On Tuesday 04/17/23 Tencent call volume above normal and directionally bullish 03/29/23 Tencent call volume above normal and directionally bullish 03/23/23 Tencent call volume above normal and directionally bullish 03/09/23 Tencent call volume above normal and directionally bullish
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05/02/23 WalkMe announces availability of WalkMe Discovery 04/11/23 WalkMe achieves FedRAMP Ready Status 03/12/23 WalkMe confirms no material exposure to Silicon Valley Bank shutdown 02/15/23 WalkMe appoints Hagit Ynon as CFO 04/20/23 Wix.com expands integration with Square app 03/27/23 Wix.com announces expanded integration with Meta Platforms 02/14/23 Starboard buys Salesforce, exits Huntsman in Q4 01/05/23 Wix.com's extension of share repurchase program approved by Israeli court 05/16/23 WeWork announces CEO Mathrani to step down, Tolley appointed interim CEO 04/18/23 WeWork discloses continued listing notice from NYSE 03/17/23 WeWork says agreements result in funding and capital commitments of over $1B 03/17/23 WeWork files to delay annual report 05/07/23 Fly Intel: Top five weekend stock stories 05/04/23 Volkswagen confirms FY23 outlook issued on March 3 04/19/23 EU passenger car registrations up 28.8% in March 04/18/23 Cerence selected by Banma to bring conversational AI to China's OEMs 05/16/23 Tesla CEO says we adjust pricing to match demand based on incoming daily data 05/16/23 Tesla CEO says there's some 'good logic' to starting advertising to reach people 05/16/23 Tesla CEO says millions of its current cars can achieve FSD with software update 05/16/23 Tesla's Musk says not considering stepping down as CEO 05/16/23 Tencent Music falls -8.1% 03/21/23 Tencent Music falls -10.0% 02/08/23 Tencent Music announces integration of TME UNI Chart on Billboard's website 01/30/23 Tencent Music falls -8.2% 05/17/23 TJX: Ticket has started to moderate a bit 05/17/23 TJX sees Q2 pretax profit margin 10.6%-10.8% 05/17/23 TJX: Benefit from lower freight costs significantly more than expected 05/17/23 TJX planning shrink 'flat' in FY24 vs. FY23 05/17/23 Target continues to see FY CapEx in $4B-$5B range 05/17/23 Target: Pandemic feels 'further and further behind us' 05/17/23 Target: Did not repurchase any stock in Q1 05/17/23 Target: Sales slowed in March, decelerating further in April $12.11 / +1.605 (+15.28%)
05/17/23 Triumph Group rises 14.2% 05/17/23 Triumph Group rises 13.3% 05/17/23 Triumph Group rises 15.1% 05/15/23 Triumph Group awarded multi-year contract from ITP Aero 04/28/23 Snap falls -18.6% 04/28/23 Snap falls -18.4% 04/27/23 Snap CEO says macro environment continues to be headwind to revenue growth 04/27/23 Snap falls 19% to $8.48 after Q1 results 05/08/23 PayPal reduces FY23 operating margin expansion view to 100bps from 125bps 05/08/23 PayPal CEO says still see many challenging issues 05/08/23 PayPal down 2% despite 'beat and raise' report 04/28/23 PayPal introduces crypto transfers for Venmo customers 05/17/23 ProPetro Holding rises 14.0% 05/17/23 ProPetro Holding announces $100M share repurchase program 02/21/23 ProPetro 'encouraged' by early 2023 results 12/19/22 ProPetro Holding appoints John Mitchell as General Counsel $492.83 / +24.575 (+5.25%)
05/17/23 ServiceNow, Nvidia announce partnership 05/17/23 ServiceNow announces multiyear North American partnership with NHL 05/16/23 ServiceNow to initiate first buyback program for up to $1.5B 05/16/23 ServiceNow announces Employee Growth and Development solution 05/17/23 Manchester United jumps 8% following reports of higher Qatari offer 05/12/23 Manchester United turns red after Times report on Ratcliffe nearing deal 05/11/23 Manchester United sinks 11% after Sun says Ratcliffe preferred bidder 04/17/23 Manchester United falls -13.2% 04/26/23 Lithium Americas CFO Eduard Epshtein retires, Pablo Mercado to succeed 04/20/23 Lithium Americas completes acquisition of Arena Minerals 03/14/23 Lithium Americas awards Aquatech contract for lithium refining process 03/02/23 Lithium Americas commences construction at Thacker Pass 05/17/23 Kyndryl, SAP announce expanded strategic partnership 05/17/23 Kyndryl Holdings falls -8.5% 05/17/23 Kyndryl Holdings falls -14.8% 05/15/23 Greenlight Capital exits positions in Victoria's Secret, Funko 05/16/23 JPMorgan officer Bacon sells $2.3M in company shares 05/11/23 FDIC proposes rule for special assessment on big banks for cost recovery 05/11/23 FDIC proposes largest banks to pay more to replenish Deposit Insurance Fund 05/11/23 PacWest says deposits declined approximately 9.5% during week ended May 5 05/17/23 Jack in the Box: Trends in Q3 remain 'favorable,' momentum continuing 05/17/23 Jack in the Box signs 22-unit commitment in four northern Mexican states 04/25/23 Jack in the Box's Del Taco expands footprint in greater Atlanta market 03/16/23 Del Taco, Samuel Adams Boston Lager enter collaboration 05/17/23 FDA posts briefing documents for AdCom to review Intercept's obeticholic acid 05/16/23 Intercept granted FDA ODD for the fixed-dose combination of OCA, bezafibrate 05/16/23 Intercept granted orphan designation for treatment of PBC 04/27/23 Intercept reports cash balance of $435.2M as of March 31 05/16/23 EVgo falls 12% to $5.02 after $125M offering of Class A common stock 04/04/23 EVgo selected for proposed awards of $6.6M from CEC's CALeVIP 2.0 program 03/30/23 EVgo: Buy American government requirements to delay some projects near-term 03/30/23 EVgo:Q4 network throughput increased to 14.4 GWh vs 8.2 GWh last year 05/17/23 eMagin trading resumes 05/17/23 eMagin to be acquired by Samsung Display for $2.08 per share in cash 05/17/23 eMagin trading halted, news pending 05/04/23 eMagin demonstrates WUXGA display using dPd technology 05/17/23 Doximity falls -8.1% 05/16/23 Doximity announces new integration with MEDITECH 05/16/23 Doximity down 3% at $32.89 after Q4 results, FY24 guidance 03/28/23 Doximity falls -6.3% CCO Clear Channel Outdoor 05/16/23 Clear Channel Outdoor 'taking meaningful action' to improve capital structure 05/16/23 Clear Channel Outdoor jumps 4.6% after Legion urges broad strategic review 05/16/23 Legion reports 5.1% active stake in Clear Channel, urges broad strategic review 03/09/23 Clear Channel Outdoor announces sale of Switzerland business receives approval 05/10/23 Matinas says study of oral mRNA delivery didn't show oral preclinical activity 05/08/23 BioNTech sees FY23 CapEx EUR 500M-EUR 600M 05/08/23 BioNTech backs FY23 Covid-19 vaccine revenue ~EUR 5B 04/18/23 FDA clears second bivalent COVID booster for older individuals 05/15/23 Tiger Global buys TSMC, exits AppLovin in Q1 05/10/23 AppLovin jumps 12% to $19.96 after Q1 results, above-consensus guidance 05/01/23 AppLovin expands Google bidding's open beta to all MAX publishers 03/13/23 AppLovin confirms Silicon Valley exposure minimal with less than $2M 05/18/23 Bernstein Target price target lowered to $183 from $186 at Bernstein 05/17/23 Baird Target price target lowered to $190 from $195 at Baird 05/15/23 Raymond James Target price target lowered to $190 from $195 at Raymond James 05/12/23 JPMorgan Target price target lowered to $175 from $205 at JPMorgan 05/17/23 Wedbush Potential advertising campaign 'a major positive' for Tesla, says Wedbush 05/17/23 Bernstein 2024 could be even more challenging for Tesla, says Bernstein 05/15/23 Morgan Stanley BorgWarner assumed at Overweight from Equal Weight at Morgan Stanley 05/12/23 Wedbush New Twitter CEO positive for Tesla shares, says Wedbush 05/18/23 Barclays TJX price target raised to $95 from $93 at Barclays 05/17/23 Goldman Sachs Strong Q1 TJX results 'encouraging', says Goldman Sachs 05/12/23 TD Cowen TJX price target raised to $89 from $88 at TD Cowen 05/09/23 Jefferies Burlington Stores price target lowered to $225 from $260 at Jefferies $492.83 / +24.575 (+5.25%)
05/18/23 Barclays ServiceNow price target raised to $559 from $551 at Barclays 05/17/23 Goldman Sachs Goldman Sachs increasingly positive on ServiceNow after Analyst Day 05/17/23 Piper Sandler Piper says 'don't split hairs,' buy ServiceNow shares 05/17/23 RBC Capital ServiceNow price target raised to $540 from $525 at RBC Capital 03/16/23 Ladenburg eMagin initiated with a Buy at Ladenburg 03/10/23 H.C. Wainwright eMagin price target lowered to $3 from $5 at H.C. Wainwright 05/17/23 Arete Snap upgraded to Buy from Neutral at Arete 04/28/23 Guggenheim Snap price target lowered to $9 from $12 at Guggenheim 04/28/23 Deutsche Bank Snap price target lowered to $8 from $9 at Deutsche Bank 04/28/23 Rosenblatt Snap price target lowered to $9 from $10 at Rosenblatt 05/18/23 Deutsche Bank BioNTech price target lowered to $120 from $135 at Deutsche Bank 05/17/23 Redburn BioNTech upgraded to Buy from Neutral at Redburn 03/30/23 Morgan Stanley BioNTech could be up 20%-30% if PCV readout impresses, says Morgan Stanley 03/28/23 Morgan Stanley BioNTech price target lowered to $150 from $216 at Morgan Stanley 05/18/23 Citi Tencent Music upgraded to Buy from Neutral at Citi (yesterday) 05/17/23 China Renaissance Tencent Music upgraded to Buy from Hold at China Renaissance 05/17/23 Mizuho Tencent Music price target raised to $11 from $10 at Mizuho 05/17/23 Citi Tencent Music upgraded to Buy from Neutral at Citi 05/17/23 BofA AppLovin upgraded to Buy at BofA after Q1 pricing surge 05/17/23 BofA AppLovin upgraded to Buy from Neutral at BofA 05/12/23 Truist AppLovin price target raised to $25 from $20 at Truist 05/11/23 DA Davidson AppLovin price target raised to $32 from $28 at DA Davidson 05/17/23 Piper Sandler WeWork a 'show-me story' after CEO change, says Piper Sandler 05/17/23 Mizuho WeWork downgraded to Neutral from Buy at Mizuho 03/23/23 Mizuho WeWork price target lowered to $1.75 from $9 at Mizuho 03/20/23 BTIG WeWork price target lowered to $3 from $7.50 at BTIG 05/12/23 RBC Capital Volkswagen price target lowered to EUR 160 from EUR 181 at RBC Capital 04/19/23 RBC Capital Volkswagen price target lowered to EUR 181 from EUR 221 at RBC Capital 04/17/23 Barclays Barclays downgrades European auto sector to Negative from Neutral 03/24/23 Stifel Volkswagen downgraded to Hold from Buy at Stifel 12/09/22 Deutsche Bank Manchester United downgraded to Hold from Buy at Deutsche Bank 11/23/22 Jefferies Jefferies expects 'competitive process' for Manchester United 06/02/22 Deutsche Bank Manchester United undervalued after selloff, says Deutsche Bank 04/20/23 Deutsche Bank Lithium Americas price target lowered to $26 from $30 at Deutsche Bank 04/06/23 Piper Sandler Lithium Americas price target lowered to $33 from $36 at Piper Sandler 03/08/23 PI Financial Lithium Americas initiated with a Buy at PI Financial 02/08/23 B. Riley Lithium Americas price target raised to $40 from $39 at B. Riley 05/12/23 Exane BNP Paribas PayPal downgraded to Neutral from Outperform at Exane BNP Paribas 05/11/23 Barclays PayPal price target lowered to $92 from $108 at Barclays 05/10/23 Edward Jones PayPal downgraded to Hold from Buy at Edward Jones 05/10/23 BofA PayPal price target lowered to $90 from $112 at BofA 05/15/23 Jefferies JPMorgan price target lowered to $149 from $152 at Jefferies 05/12/23 Citi State Street, BNY Mellon hurt most from FDIC proposal, says Citi 05/12/23 Evercore ISI JPMorgan price target lowered to $151 from $155 at Evercore ISI 05/02/23 BMO Capital JPMorgan price target raised to $170 from $169 at BMO Capital CCO Clear Channel Outdoor 05/09/23 Wells Fargo Clear Channel Outdoor price target lowered to $1.25 from $1.50 at Wells Fargo 03/31/23 TD Cowen Clear Channel Swiss asset sale 'step in right direction,' says TD Cowen 11/22/22 Citi Clear Channel Outdoor price target lowered to $1.10 from $1.65 at Citi 11/16/22 Barrington Clear Channel Outdoor price target lowered to $2.50 from $3.25 at Barrington 01/19/23 Benchmark ProPetro Holding initiated with a Hold at Benchmark 01/17/23 Citi ProPetro Holding downgraded to Neutral from Buy at Citi 01/10/23 Barclays ProPetro Holding upgraded to Overweight from Equal Weight at Barclays 10/07/22 Piper Sandler ProPetro Holding assumed with an Overweight at Piper Sandler 05/17/23 Raymond James Raymond James downgrades Intercept, expects Ocaliva to get CRL in NASH 05/17/23 Raymond James Intercept downgraded to Market Perform from Outperform at Raymond James 05/17/23 Goldman Sachs Goldman says Intercept briefing documents suggest 'challenging outlook' 05/17/23 Piper Sandler FDA AdCom topics for Intercept meeting 'fair,' says Piper Sandler 05/16/23 Stifel EVgo initiated with a Buy at Stifel 03/31/23 Evercore ISI EVgo price target lowered to $14 from $16 at Evercore ISI 01/26/23 JPMorgan EVgo downgraded to Neutral from Overweight at JPMorgan 10/25/22 TD Cowen EVgo price target lowered to $10 from $12 at Cowen 04/21/23 Scotiabank Kyndryl initiated with Outperform, $22 target at Scotiabank 04/20/23 Scotiabank Kyndryl Holdings initiated with an Outperform at Scotiabank 01/12/23 Susquehanna Kyndryl Holdings initiated with a Neutral at Susquehanna 12/15/22 JPMorgan Kyndryl Holdings price target raised to $13 from $11 at JPMorgan 05/18/23 Citi Jack in the Box price target raised to $102 from $97 at Citi 05/18/23 Credit Suisse Jack in the Box price target raised to $88 from $80 at Credit Suisse 05/18/23 Barclays Jack in the Box price target raised to $99 from $84 at Barclays 05/17/23 Wedbush Jack in the Box's raised guidance realistic, says Wedbush $12.11 / +1.605 (+15.28%)
01/06/23 Baird Triumph Group downgraded on leverage concerns at Baird 01/06/23 Baird Triumph Group downgraded to Neutral from Outperform at Baird 10/12/22 Truist Triumph Group price target lowered to $14 from $20 at Truist 10/10/22 Wolfe Research Triumph Group initiated with an Underperform at Wolfe Research 05/17/23 Evercore ISI Doximity price target lowered to $32 from $33 at Evercore ISI 05/17/23 Canaccord Doximity price target lowered to $40 from $41 at Canaccord 05/01/23 Wells Fargo Doximity downgraded to Equal Weight on slowing ad growth at Wells Fargo 05/01/23 Wells Fargo Doximity downgraded to Equal Weight from Overweight at Wells Fargo 05/18/23 Barclays Wix.com price target raised to $90 from $87 at Barclays 05/04/23 Raymond James Wix.com upgraded to Outperform from Market Perform at Raymond James 04/11/23 Baird Wix.com initiated with a Neutral at Baird 03/21/23 Piper Sandler Wix.com upgraded to Overweight on shift to growth at Piper Sandler 05/18/23 Citi WalkMe price target lowered to $10 from $12 at Citi 05/08/23 BMO Capital WalkMe downgraded to Market Perform from Outperform at BMO Capital 02/16/23 BMO Capital WalkMe price target raised to $13 from $10.50 at BMO Capital 01/12/23 Citi WalkMe downgraded to Neutral from Buy at Citi 05/17/23 WalkMe sees FY23 revenue $65M-$66M, consensus $66.93M 05/17/23 WalkMe sees FY23 revenue $269M-$276M, consensus $273.2M 05/17/23 WalkMe reports Q1 EPS (8c), consensus (11c) 02/15/23 WalkMe sees 2023 revenue $269M-$276M, consensus $287.82M 05/17/23 Wix.com raises FY23 revenue view to $1.52B-$1.54B from $1.51B-$1.54B 05/17/23 Wix.com sees Q2 revenue $380M-$385M, consensus $377.46M 05/17/23 Wix.com reports Q1 EPS 91c, consensus 14c 02/22/23 Wix.com sees FY23 revenue $1.51B-$1.54B, consensus $1.51B 05/16/23 WeWork reaffirms Q2 revenue view $840M-$865M, consensus $866.97M 05/09/23 WeWork sees Q2 revenue $840M-$865M, consensus $872.05M 05/09/23 WeWork reports Q1 EPS (34c), consensus (34c) 02/16/23 WeWork reports Q4 EPS (59c), consensus (41c) 05/04/23 Volkswagen reports Q1 revenue up 22% to EUR 76B 03/03/23 Volkswagen reports FY22 revenue EUR279.2B, up 11.6% 02/07/23 Volkswagen reports preliminary FY adjusted operating profit EUR 22.5B 04/19/23 Tesla reports Q1 EPS 85c, consensus 85c 04/19/23 Notable companies reporting after market close 03/02/23 Aehr Test Systems reiterates annual guidance, comments on Tesla statements 01/25/23 Tesla reports Q4 EPS $1.19, consensus $1.13 05/16/23 Tencent Music reports Q1 EPS 11c, consensus 11c 03/21/23 Tencent Music reports Q4 EPS 11c, consensus 13c 05/17/23 TJX sees 2H24 EPS $1.91-$1.97 05/17/23 TJX sees Q2 revenue $12.3B-$12.4B, consensus $12.46B 05/17/23 TJX narrows FY24 revenue view to $52.7B-$53.2B from $52.5B-$53.2B 05/17/23 TJX raises FY24 adjusted EPS view to $3.39-$3.48 from $3.29-$3.41 05/17/23 Target backs FY23 adjusted EPS view $7.75-$8.75, consensus $8.44 05/17/23 Target sees Q2 adjusted EPS $1.30-$1.70, consensus $1.93 05/17/23 Target reports Q1 adjusted EPS $2.05, consensus $1.76 05/16/23 Notable companies reporting before tomorrow's open $12.11 / +1.605 (+15.28%)
05/17/23 Triumph Group sees FY24 revenue $1.39B-$1.43B, consensus $1.4B 05/17/23 Triumph Group reports Q4 adjusted EPS 39c, consensus 26c 02/01/23 Triumph Group raises FY23 adjusted EPS view to 48c-68c from 40c-60c 02/01/23 Triumph Group reports Q3 adjusted EPS 12c, consensus 11c 04/27/23 Snap internally targets Q2 revenue of $1.00B-$1.09B, consensus $1.1B 04/27/23 Snap not providing Q2 guidance 04/27/23 Snap reports Q1 adjusted EPS 1c, consensus (1c) 04/27/23 Notable companies reporting after market close 05/08/23 PayPal raises FY23 adjusted EPS view to about $4.95, consensus $4.36 05/08/23 PayPal sees Q2 EPS $1.15-$1.17, consensus $1.04 05/08/23 PayPal reports Q1 adjusted EPS $1.17, consensus 98c 05/08/23 Notable companies reporting after market close 02/21/23 ProPetro reports Q4 EPS 12c, consensus 33c $492.83 / +24.575 (+5.25%)
04/26/23 ServiceNow reports Q1 adjusted EPS $2.37, consensus $2.04 04/26/23 Notable companies reporting after market close 01/25/23 ServiceNow reports Q4 EPS 2.28, consensus $2.02 01/25/23 Notable companies reporting after market close 03/30/23 Manchester United sees FY23 revenue GBP 590M- GBP 610M 03/30/23 Manchester United reports Q2 EPS GBP3.85 vs loss of GBP (.86) last year 12/08/22 Manchester United reports Q2 adjusted EBITDA GBP 23.6M vs. GBP 11.2M y/y 03/31/23 Lithium Americas reports Q4 EPS (70c), consensus (22c) 05/16/23 Kyndryl Holdings sees FY24 revenue $16.0B-$16.4B, consensus $16.47B 05/16/23 Kyndryl Holdings reports Q4 EPS ($3.24), consensus ($1.03) 02/07/23 Kyndryl sees FY23 revenue $16.8B-$17B, consensus $16.45B 02/07/23 Kyndryl reports Q3 EPS (47c), consensus (82c) 04/14/23 JPMorgan reports Q1 EPS $4.10, consensus $3.41 04/13/23 Notable companies reporting before tomorrow's open 01/13/23 JPMorgan reports Q4 EPS $3.57, consensus $3.07 01/12/23 Notable companies reporting before tomorrow's open 05/17/23 Jack in the Box raises FY23 operating EPS view to $5.90-$6.10 from $5.25-$5.65 05/17/23 Jack in the Box reports Q2 operating EPS $1.47, consensus $1.22 04/27/23 Intercept reports Q1 EPS (77c), consensus (65c) 03/02/23 Intercept reports Q4 EPS (50c), consensus (16c) 01/11/23 Intercept sees FY22 net sales of $343M, up 10% y/y 05/09/23 EVgo backs FY23 revenue view $105M-$150M, consensus $139.67M 05/09/23 EVgo reports Q1 EPS (18c), consensus (21c) 03/30/23 EVgo sees FY23 revenue $$105M - $150M, consensus $153.66M 03/30/23 EVgo reports Q4 EPS (6c), consensus (16c) 05/11/23 eMagin reports Q1 EPS (3c) vs 0c last year 03/09/23 eMagin reports Q4 EPS 1c vs. (3c) last year 01/12/23 eMagin sees Q4 revenue $8.1M-$8.3M vs. $7.2M last year 05/16/23 Doximity sees FY24 revenue $500M-$506M, consensus $507.1M 05/16/23 Doximity sees Q1 revenue $106.5M-$107.5M, consensus $112.1M 05/16/23 Doximity reports Q4 EPS 20c, consensus 17c 02/09/23 Doximity guides initial FY24 revenue of 'greater than' $500M, consensus $519.4M CCO Clear Channel Outdoor 05/09/23 Clear Channel Outdoor reports Q1 revenue $545.44M, consensus $541.83M 02/28/23 Clear Channel Outdoor sees FY23 revenue $2.58B-$2.7B, consensus $2.58B 02/28/23 Clear Channel Outdoor sees Q1 revenue $540M-$565M, consensus $533.76M 02/28/23 Clear Channel Outdoor reports Q4 revenue $709.16M, consensus $705.5M 05/08/23 BioNTech reports Q1 EPS EUR 2.05 vs. EUR 14.24 last year 03/27/23 BioNTech reports Q4 EPS EUR 9.26 vs. EUR 12.18 last year 05/10/23 AppLovin sees Q2 revenue $710M-$730M, consensus $696.8M 05/10/23 AppLovin reports Q1 EPS (1c), consensus 7c 05/10/23 Notable companies reporting after market close 02/08/23 AppLovin sees Q1 revenue $685M-$705M, consensus $682.2M
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05/02/23 WalkMe announces availability of WalkMe Discovery 04/11/23 WalkMe achieves FedRAMP Ready Status 03/12/23 WalkMe confirms no material exposure to Silicon Valley Bank shutdown 02/15/23 WalkMe appoints Hagit Ynon as CFO 04/20/23 Wix.com expands integration with Square app 03/27/23 Wix.com announces expanded integration with Meta Platforms 02/14/23 Starboard buys Salesforce, exits Huntsman in Q4 01/05/23 Wix.com's extension of share repurchase program approved by Israeli court 05/16/23 WeWork announces CEO Mathrani to step down, Tolley appointed interim CEO 04/18/23 WeWork discloses continued listing notice from NYSE 03/17/23 WeWork says agreements result in funding and capital commitments of over $1B 03/17/23 WeWork files to delay annual report 05/07/23 Fly Intel: Top five weekend stock stories 05/04/23 Volkswagen confirms FY23 outlook issued on March 3 04/19/23 EU passenger car registrations up 28.8% in March 04/18/23 Cerence selected by Banma to bring conversational AI to China's OEMs 05/16/23 Tesla CEO says we adjust pricing to match demand based on incoming daily data 05/16/23 Tesla CEO says there's some 'good logic' to starting advertising to reach people 05/16/23 Tesla CEO says millions of its current cars can achieve FSD with software update 05/16/23 Tesla's Musk says not considering stepping down as CEO 05/16/23 Tencent Music falls -8.1% 03/21/23 Tencent Music falls -10.0% 02/08/23 Tencent Music announces integration of TME UNI Chart on Billboard's website 01/30/23 Tencent Music falls -8.2% 05/17/23 TJX: Ticket has started to moderate a bit 05/17/23 TJX sees Q2 pretax profit margin 10.6%-10.8% 05/17/23 TJX: Benefit from lower freight costs significantly more than expected 05/17/23 TJX planning shrink 'flat' in FY24 vs. FY23 05/17/23 Target continues to see FY CapEx in $4B-$5B range 05/17/23 Target: Pandemic feels 'further and further behind us' 05/17/23 Target: Did not repurchase any stock in Q1 05/17/23 Target: Sales slowed in March, decelerating further in April $11.96 / +1.455 (+13.85%)
05/17/23 Triumph Group rises 13.3% 05/17/23 Triumph Group rises 15.1% 05/15/23 Triumph Group awarded multi-year contract from ITP Aero 05/10/23 Triumph Group, Moog enter 787 MRO agreement 04/28/23 Snap falls -18.6% 04/28/23 Snap falls -18.4% 04/27/23 Snap CEO says macro environment continues to be headwind to revenue growth 04/27/23 Snap falls 19% to $8.48 after Q1 results 05/08/23 PayPal reduces FY23 operating margin expansion view to 100bps from 125bps 05/08/23 PayPal CEO says still see many challenging issues 05/08/23 PayPal down 2% despite 'beat and raise' report 04/28/23 PayPal introduces crypto transfers for Venmo customers 05/17/23 ProPetro Holding announces $100M share repurchase program 02/21/23 ProPetro 'encouraged' by early 2023 results 12/19/22 ProPetro Holding appoints John Mitchell as General Counsel 12/06/22 ProPetro Holding executes contract with independent Permian operator $493.01 / +24.76 (+5.29%)
05/17/23 ServiceNow announces multiyear North American partnership with NHL 05/16/23 ServiceNow to initiate first buyback program for up to $1.5B 05/16/23 ServiceNow announces Employee Growth and Development solution 05/16/23 ServiceNow announces launch of Finance, Supply Chain Workflows 05/17/23 Manchester United jumps 8% following reports of higher Qatari offer 05/12/23 Manchester United turns red after Times report on Ratcliffe nearing deal 05/11/23 Manchester United sinks 11% after Sun says Ratcliffe preferred bidder 04/17/23 Manchester United falls -13.2% 04/26/23 Lithium Americas CFO Eduard Epshtein retires, Pablo Mercado to succeed 04/20/23 Lithium Americas completes acquisition of Arena Minerals 03/14/23 Lithium Americas awards Aquatech contract for lithium refining process 03/02/23 Lithium Americas commences construction at Thacker Pass 05/17/23 Kyndryl Holdings falls -14.8% 05/15/23 Greenlight Capital exits positions in Victoria's Secret, Funko 02/23/23 Delta in extended pact with IT infrastructure firm Kyndryl for IT resiliency 02/14/23 Greenlight buys Tenet, exits Intel in Q4 $137.07 / +2.755 (+2.05%)
05/16/23 JPMorgan officer Bacon sells $2.3M in company shares 05/11/23 FDIC proposes rule for special assessment on big banks for cost recovery 05/11/23 FDIC proposes largest banks to pay more to replenish Deposit Insurance Fund 05/11/23 PacWest says deposits declined approximately 9.5% during week ended May 5 05/17/23 Jack in the Box: Trends in Q3 remain 'favorable,' momentum continuing 05/17/23 Jack in the Box signs 22-unit commitment in four northern Mexican states 04/25/23 Jack in the Box's Del Taco expands footprint in greater Atlanta market 03/16/23 Del Taco, Samuel Adams Boston Lager enter collaboration 05/17/23 FDA posts briefing documents for AdCom to review Intercept's obeticholic acid 05/16/23 Intercept granted FDA ODD for the fixed-dose combination of OCA, bezafibrate 05/16/23 Intercept granted orphan designation for treatment of PBC 04/27/23 Intercept reports cash balance of $435.2M as of March 31 05/16/23 EVgo falls 12% to $5.02 after $125M offering of Class A common stock 04/04/23 EVgo selected for proposed awards of $6.6M from CEC's CALeVIP 2.0 program 03/30/23 EVgo: Buy American government requirements to delay some projects near-term 03/30/23 EVgo:Q4 network throughput increased to 14.4 GWh vs 8.2 GWh last year 05/17/23 eMagin trading resumes 05/17/23 eMagin to be acquired by Samsung Display for $2.08 per share in cash 05/17/23 eMagin trading halted, news pending 05/04/23 eMagin demonstrates WUXGA display using dPd technology 05/17/23 Doximity falls -8.1% 05/16/23 Doximity announces new integration with MEDITECH 05/16/23 Doximity down 3% at $32.89 after Q4 results, FY24 guidance 03/28/23 Doximity falls -6.3% CCO Clear Channel Outdoor 05/16/23 Clear Channel Outdoor 'taking meaningful action' to improve capital structure 05/16/23 Clear Channel Outdoor jumps 4.6% after Legion urges broad strategic review 05/16/23 Legion reports 5.1% active stake in Clear Channel, urges broad strategic review 03/09/23 Clear Channel Outdoor announces sale of Switzerland business receives approval 05/10/23 Matinas says study of oral mRNA delivery didn't show oral preclinical activity 05/08/23 BioNTech sees FY23 CapEx EUR 500M-EUR 600M 05/08/23 BioNTech backs FY23 Covid-19 vaccine revenue ~EUR 5B 04/18/23 FDA clears second bivalent COVID booster for older individuals 05/15/23 Tiger Global buys TSMC, exits AppLovin in Q1 05/10/23 AppLovin jumps 12% to $19.96 after Q1 results, above-consensus guidance 05/01/23 AppLovin expands Google bidding's open beta to all MAX publishers 03/13/23 AppLovin confirms Silicon Valley exposure minimal with less than $2M 05/15/23 Raymond James Target price target lowered to $190 from $195 at Raymond James 05/12/23 JPMorgan Target price target lowered to $175 from $205 at JPMorgan 05/01/23 Loop Capital Ulta Beauty price target raised to $550 from $520 at Loop Capital 04/24/23 Piper Sandler Bed Bath & Beyond Chapter 11 positive for Target, Walmart, says Piper Sandler 05/17/23 Wedbush Potential advertising campaign 'a major positive' for Tesla, says Wedbush 05/17/23 Bernstein 2024 could be even more challenging for Tesla, says Bernstein 05/15/23 Morgan Stanley BorgWarner assumed at Overweight from Equal Weight at Morgan Stanley 05/12/23 Wedbush New Twitter CEO positive for Tesla shares, says Wedbush 05/12/23 TD Cowen TJX price target raised to $89 from $88 at TD Cowen 05/09/23 Jefferies Burlington Stores price target lowered to $225 from $260 at Jefferies 05/02/23 BofA Bed Bath closures an opportunity for Burlington, Ross and TJX, says BofA 02/23/23 Baird TJX price target raised to $90 from $88 at Baird $493.01 / +24.76 (+5.29%)
05/17/23 Piper Sandler Piper says 'don't split hairs,' buy ServiceNow shares 05/17/23 RBC Capital ServiceNow price target raised to $540 from $525 at RBC Capital 05/17/23 Guggenheim ServiceNow price target raised to $518 from $511 at Guggenheim 05/17/23 JPMorgan ServiceNow thesis unchanged despite trimmed targets, says JPMorgan 03/16/23 Ladenburg eMagin initiated with a Buy at Ladenburg 03/10/23 H.C. Wainwright eMagin price target lowered to $3 from $5 at H.C. Wainwright 05/17/23 Arete Snap upgraded to Buy from Neutral at Arete 04/28/23 Guggenheim Snap price target lowered to $9 from $12 at Guggenheim 04/28/23 Deutsche Bank Snap price target lowered to $8 from $9 at Deutsche Bank 04/28/23 Rosenblatt Snap price target lowered to $9 from $10 at Rosenblatt 05/17/23 Redburn BioNTech upgraded to Buy from Neutral at Redburn 03/30/23 Morgan Stanley BioNTech could be up 20%-30% if PCV readout impresses, says Morgan Stanley 03/28/23 Morgan Stanley BioNTech price target lowered to $150 from $216 at Morgan Stanley 03/28/23 Canaccord BioNTech price target raised to $203 from $191 at Canaccord 05/17/23 China Renaissance Tencent Music upgraded to Buy from Hold at China Renaissance 05/17/23 Mizuho Tencent Music price target raised to $11 from $10 at Mizuho 05/17/23 Citi Tencent Music upgraded to Buy from Neutral at Citi 05/17/23 Macquarie Tencent Music upgraded to Neutral from Underperform at Macquarie 05/17/23 BofA AppLovin upgraded to Buy at BofA after Q1 pricing surge 05/17/23 BofA AppLovin upgraded to Buy from Neutral at BofA 05/12/23 Truist AppLovin price target raised to $25 from $20 at Truist 05/11/23 DA Davidson AppLovin price target raised to $32 from $28 at DA Davidson 05/17/23 Piper Sandler WeWork a 'show-me story' after CEO change, says Piper Sandler 05/17/23 Mizuho WeWork downgraded to Neutral from Buy at Mizuho 03/23/23 Mizuho WeWork price target lowered to $1.75 from $9 at Mizuho 03/20/23 BTIG WeWork price target lowered to $3 from $7.50 at BTIG 05/12/23 RBC Capital Volkswagen price target lowered to EUR 160 from EUR 181 at RBC Capital 04/19/23 RBC Capital Volkswagen price target lowered to EUR 181 from EUR 221 at RBC Capital 04/17/23 Barclays Barclays downgrades European auto sector to Negative from Neutral 03/24/23 Stifel Volkswagen downgraded to Hold from Buy at Stifel 12/09/22 Deutsche Bank Manchester United downgraded to Hold from Buy at Deutsche Bank 11/23/22 Jefferies Jefferies expects 'competitive process' for Manchester United 06/02/22 Deutsche Bank Manchester United undervalued after selloff, says Deutsche Bank 04/20/23 Deutsche Bank Lithium Americas price target lowered to $26 from $30 at Deutsche Bank 04/06/23 Piper Sandler Lithium Americas price target lowered to $33 from $36 at Piper Sandler 03/08/23 PI Financial Lithium Americas initiated with a Buy at PI Financial 02/08/23 B. Riley Lithium Americas price target raised to $40 from $39 at B. Riley 05/12/23 Exane BNP Paribas PayPal downgraded to Neutral from Outperform at Exane BNP Paribas 05/11/23 Barclays PayPal price target lowered to $92 from $108 at Barclays 05/10/23 Edward Jones PayPal downgraded to Hold from Buy at Edward Jones 05/10/23 BofA PayPal price target lowered to $90 from $112 at BofA $137.07 / +2.755 (+2.05%)
05/15/23 Jefferies JPMorgan price target lowered to $149 from $152 at Jefferies 05/12/23 Citi State Street, BNY Mellon hurt most from FDIC proposal, says Citi 05/12/23 Evercore ISI JPMorgan price target lowered to $151 from $155 at Evercore ISI 05/02/23 BMO Capital JPMorgan price target raised to $170 from $169 at BMO Capital CCO Clear Channel Outdoor 05/09/23 Wells Fargo Clear Channel Outdoor price target lowered to $1.25 from $1.50 at Wells Fargo 03/31/23 TD Cowen Clear Channel Swiss asset sale 'step in right direction,' says TD Cowen 11/22/22 Citi Clear Channel Outdoor price target lowered to $1.10 from $1.65 at Citi 11/16/22 Barrington Clear Channel Outdoor price target lowered to $2.50 from $3.25 at Barrington 01/19/23 Benchmark ProPetro Holding initiated with a Hold at Benchmark 01/17/23 Citi ProPetro Holding downgraded to Neutral from Buy at Citi 01/10/23 Barclays ProPetro Holding upgraded to Overweight from Equal Weight at Barclays 10/07/22 Piper Sandler ProPetro Holding assumed with an Overweight at Piper Sandler 05/17/23 Piper Sandler FDA AdCom topics for Intercept meeting 'fair,' says Piper Sandler 04/28/23 Raymond James Intercept price target raised to $31 from $28 at Raymond James 04/10/23 Piper Sandler Piper ups Intercept target, sees 'significant share gains' 03/05/23 Raymond James Intercept price target raised to $28 from $26 at Raymond James 05/16/23 Stifel EVgo initiated with a Buy at Stifel 03/31/23 Evercore ISI EVgo price target lowered to $14 from $16 at Evercore ISI 01/26/23 JPMorgan EVgo downgraded to Neutral from Overweight at JPMorgan 10/25/22 TD Cowen EVgo price target lowered to $10 from $12 at Cowen 04/21/23 Scotiabank Kyndryl initiated with Outperform, $22 target at Scotiabank 04/20/23 Scotiabank Kyndryl Holdings initiated with an Outperform at Scotiabank 01/12/23 Susquehanna Kyndryl Holdings initiated with a Neutral at Susquehanna 12/15/22 JPMorgan Kyndryl Holdings price target raised to $13 from $11 at JPMorgan 05/15/23 Oppenheimer Jack in the Box price target raised to $108 from $96 at Oppenheimer 05/10/23 OTR Global Jack in the Box upgraded to Positive from Mixed view at OTR Global 03/31/23 Loop Capital Loop Capital starts Jack in the Box at Buy, sees comps 'recovering nicely' 03/30/23 Loop Capital Jack in the Box initiated with a Buy at Loop Capital $11.96 / +1.455 (+13.85%)
01/06/23 Baird Triumph Group downgraded on leverage concerns at Baird 01/06/23 Baird Triumph Group downgraded to Neutral from Outperform at Baird 10/12/22 Truist Triumph Group price target lowered to $14 from $20 at Truist 10/10/22 Wolfe Research Triumph Group initiated with an Underperform at Wolfe Research 05/17/23 Evercore ISI Doximity price target lowered to $32 from $33 at Evercore ISI 05/17/23 Canaccord Doximity price target lowered to $40 from $41 at Canaccord 05/01/23 Wells Fargo Doximity downgraded to Equal Weight on slowing ad growth at Wells Fargo 05/01/23 Wells Fargo Doximity downgraded to Equal Weight from Overweight at Wells Fargo 05/04/23 Raymond James Wix.com upgraded to Outperform from Market Perform at Raymond James 04/11/23 Baird Wix.com initiated with a Neutral at Baird 03/21/23 Piper Sandler Wix.com upgraded to Overweight on shift to growth at Piper Sandler 03/21/23 Piper Sandler Wix.com upgraded to Overweight from Neutral at Piper Sandler 05/08/23 BMO Capital WalkMe downgraded to Market Perform from Outperform at BMO Capital 02/16/23 BMO Capital WalkMe price target raised to $13 from $10.50 at BMO Capital 01/12/23 Citi WalkMe downgraded to Neutral from Buy at Citi 11/16/22 BMO Capital WalkMe price target lowered to $10.50 from $14 at BMO Capital 05/17/23 WalkMe sees FY23 revenue $65M-$66M, consensus $66.93M 05/17/23 WalkMe sees FY23 revenue $269M-$276M, consensus $273.2M 05/17/23 WalkMe reports Q1 EPS (8c), consensus (11c) 02/15/23 WalkMe sees 2023 revenue $269M-$276M, consensus $287.82M 05/17/23 Wix.com raises FY23 revenue view to $1.52B-$1.54B from $1.51B-$1.54B 05/17/23 Wix.com sees Q2 revenue $380M-$385M, consensus $377.46M 05/17/23 Wix.com reports Q1 EPS 91c, consensus 14c 02/22/23 Wix.com sees FY23 revenue $1.51B-$1.54B, consensus $1.51B 05/16/23 WeWork reaffirms Q2 revenue view $840M-$865M, consensus $866.97M 05/09/23 WeWork sees Q2 revenue $840M-$865M, consensus $872.05M 05/09/23 WeWork reports Q1 EPS (34c), consensus (34c) 02/16/23 WeWork reports Q4 EPS (59c), consensus (41c) 05/04/23 Volkswagen reports Q1 revenue up 22% to EUR 76B 03/03/23 Volkswagen reports FY22 revenue EUR279.2B, up 11.6% 02/07/23 Volkswagen reports preliminary FY adjusted operating profit EUR 22.5B 04/19/23 Tesla reports Q1 EPS 85c, consensus 85c 04/19/23 Notable companies reporting after market close 03/02/23 Aehr Test Systems reiterates annual guidance, comments on Tesla statements 01/25/23 Tesla reports Q4 EPS $1.19, consensus $1.13 05/16/23 Tencent Music reports Q1 EPS 11c, consensus 11c 03/21/23 Tencent Music reports Q4 EPS 11c, consensus 13c 05/17/23 TJX sees 2H24 EPS $1.91-$1.97 05/17/23 TJX sees Q2 revenue $12.3B-$12.4B, consensus $12.46B 05/17/23 TJX narrows FY24 revenue view to $52.7B-$53.2B from $52.5B-$53.2B 05/17/23 TJX raises FY24 adjusted EPS view to $3.39-$3.48 from $3.29-$3.41 05/17/23 Target backs FY23 adjusted EPS view $7.75-$8.75, consensus $8.44 05/17/23 Target sees Q2 adjusted EPS $1.30-$1.70, consensus $1.93 05/17/23 Target reports Q1 adjusted EPS $2.05, consensus $1.76 05/16/23 Notable companies reporting before tomorrow's open $11.96 / +1.455 (+13.85%)
05/17/23 Triumph Group sees FY24 revenue $1.39B-$1.43B, consensus $1.4B 05/17/23 Triumph Group reports Q4 adjusted EPS 39c, consensus 26c 02/01/23 Triumph Group raises FY23 adjusted EPS view to 48c-68c from 40c-60c 02/01/23 Triumph Group reports Q3 adjusted EPS 12c, consensus 11c 04/27/23 Snap internally targets Q2 revenue of $1.00B-$1.09B, consensus $1.1B 04/27/23 Snap not providing Q2 guidance 04/27/23 Snap reports Q1 adjusted EPS 1c, consensus (1c) 04/27/23 Notable companies reporting after market close 05/08/23 PayPal raises FY23 adjusted EPS view to about $4.95, consensus $4.36 05/08/23 PayPal sees Q2 EPS $1.15-$1.17, consensus $1.04 05/08/23 PayPal reports Q1 adjusted EPS $1.17, consensus 98c 05/08/23 Notable companies reporting after market close 02/21/23 ProPetro reports Q4 EPS 12c, consensus 33c $493.01 / +24.76 (+5.29%)
04/26/23 ServiceNow reports Q1 adjusted EPS $2.37, consensus $2.04 04/26/23 Notable companies reporting after market close 01/25/23 ServiceNow reports Q4 EPS 2.28, consensus $2.02 01/25/23 Notable companies reporting after market close 03/30/23 Manchester United sees FY23 revenue GBP 590M- GBP 610M 03/30/23 Manchester United reports Q2 EPS GBP3.85 vs loss of GBP (.86) last year 12/08/22 Manchester United reports Q2 adjusted EBITDA GBP 23.6M vs. GBP 11.2M y/y 03/31/23 Lithium Americas reports Q4 EPS (70c), consensus (22c) 05/16/23 Kyndryl Holdings sees FY24 revenue $16.0B-$16.4B, consensus $16.47B 05/16/23 Kyndryl Holdings reports Q4 EPS ($3.24), consensus ($1.03) 02/07/23 Kyndryl sees FY23 revenue $16.8B-$17B, consensus $16.45B 02/07/23 Kyndryl reports Q3 EPS (47c), consensus (82c) $137.07 / +2.755 (+2.05%)
04/14/23 JPMorgan reports Q1 EPS $4.10, consensus $3.41 04/13/23 Notable companies reporting before tomorrow's open 01/13/23 JPMorgan reports Q4 EPS $3.57, consensus $3.07 01/12/23 Notable companies reporting before tomorrow's open 05/17/23 Jack in the Box raises FY23 operating EPS view to $5.90-$6.10 from $5.25-$5.65 05/17/23 Jack in the Box reports Q2 operating EPS $1.47, consensus $1.22 04/27/23 Intercept reports Q1 EPS (77c), consensus (65c) 03/02/23 Intercept reports Q4 EPS (50c), consensus (16c) 01/11/23 Intercept sees FY22 net sales of $343M, up 10% y/y 05/09/23 EVgo backs FY23 revenue view $105M-$150M, consensus $139.67M 05/09/23 EVgo reports Q1 EPS (18c), consensus (21c) 03/30/23 EVgo sees FY23 revenue $$105M - $150M, consensus $153.66M 03/30/23 EVgo reports Q4 EPS (6c), consensus (16c) 05/11/23 eMagin reports Q1 EPS (3c) vs 0c last year 03/09/23 eMagin reports Q4 EPS 1c vs. (3c) last year 01/12/23 eMagin sees Q4 revenue $8.1M-$8.3M vs. $7.2M last year 05/16/23 Doximity sees FY24 revenue $500M-$506M, consensus $507.1M 05/16/23 Doximity sees Q1 revenue $106.5M-$107.5M, consensus $112.1M 05/16/23 Doximity reports Q4 EPS 20c, consensus 17c 02/09/23 Doximity guides initial FY24 revenue of 'greater than' $500M, consensus $519.4M CCO Clear Channel Outdoor 05/09/23 Clear Channel Outdoor reports Q1 revenue $545.44M, consensus $541.83M 02/28/23 Clear Channel Outdoor sees FY23 revenue $2.58B-$2.7B, consensus $2.58B 02/28/23 Clear Channel Outdoor sees Q1 revenue $540M-$565M, consensus $533.76M 02/28/23 Clear Channel Outdoor reports Q4 revenue $709.16M, consensus $705.5M 05/08/23 BioNTech reports Q1 EPS EUR 2.05 vs. EUR 14.24 last year 03/27/23 BioNTech reports Q4 EPS EUR 9.26 vs. EUR 12.18 last year 05/10/23 AppLovin sees Q2 revenue $710M-$730M, consensus $696.8M 05/10/23 AppLovin reports Q1 EPS (1c), consensus 7c 05/10/23 Notable companies reporting after market close 02/08/23 AppLovin sees Q1 revenue $685M-$705M, consensus $682.2M
Upgrade
China Renaissance analyst…
China Renaissance analyst Yiwen Zhang upgraded Tencent Music Entertainment to Buy from Hold with a $10.60 price target following the Q1 report.
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05/16/23 Tencent Music falls -8.1% 03/21/23 Tencent Music falls -10.0% 02/08/23 Tencent Music announces integration of TME UNI Chart on Billboard's website 01/30/23 Tencent Music falls -8.2% 05/17/23 Mizuho Tencent Music price target raised to $11 from $10 at Mizuho 05/17/23 Citi Tencent Music upgraded to Buy from Neutral at Citi 05/17/23 Macquarie Tencent Music upgraded to Neutral from Underperform at Macquarie 05/17/23 HSBC Tencent Music price target raised to $8.40 from $7.70 at HSBC 05/16/23 Tencent Music reports Q1 EPS 11c, consensus 11c 03/21/23 Tencent Music reports Q4 EPS 11c, consensus 13c 04/24/23 Street Wrap: Today's Top 15 Upgrades, Downgrades, Initiations 03/21/23 What You Missed On Wall Street On Tuesday 03/21/23 What You Missed On Wall Street This Morning 03/21/23 Fly Intel: Pre-market Movers 04/17/23 Tencent call volume above normal and directionally bullish 03/29/23 Tencent call volume above normal and directionally bullish 03/23/23 Tencent call volume above normal and directionally bullish 03/09/23 Tencent call volume above normal and directionally bullish
Recommendations
Mizuho raised the…
Mizuho raised the firm's price target on Tencent Music Entertainment to $11 from $10 and keeps a Buy rating on the shares. The company reported strong results, beating expectations on revenue by 2% and adjusted net income by 15%, the analyst tells investors in a research note. The firm is "encouraged" by strong revenue per user growth in music subscription, which it says indicates improved consumer sentiment post-reopening.
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05/16/23 Tencent Music falls -8.1% 03/21/23 Tencent Music falls -10.0% 02/08/23 Tencent Music announces integration of TME UNI Chart on Billboard's website 01/30/23 Tencent Music falls -8.2% 05/17/23 Citi Tencent Music upgraded to Buy from Neutral at Citi 05/17/23 Macquarie Tencent Music upgraded to Neutral from Underperform at Macquarie 05/17/23 HSBC Tencent Music price target raised to $8.40 from $7.70 at HSBC 04/24/23 Mizuho Tencent Music initiated with a Buy at Mizuho 05/16/23 Tencent Music reports Q1 EPS 11c, consensus 11c 03/21/23 Tencent Music reports Q4 EPS 11c, consensus 13c 04/24/23 Street Wrap: Today's Top 15 Upgrades, Downgrades, Initiations 03/21/23 What You Missed On Wall Street On Tuesday 03/21/23 What You Missed On Wall Street This Morning 03/21/23 Fly Intel: Pre-market Movers 04/17/23 Tencent call volume above normal and directionally bullish 03/29/23 Tencent call volume above normal and directionally bullish 03/23/23 Tencent call volume above normal and directionally bullish 03/09/23 Tencent call volume above normal and directionally bullish
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Citi upgraded Tencent…
Citi upgraded Tencent Music to Buy from Neutral with a $9.70 price target.
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05/16/23 Tencent Music falls -8.1% 03/21/23 Tencent Music falls -10.0% 02/08/23 Tencent Music announces integration of TME UNI Chart on Billboard's website 01/30/23 Tencent Music falls -8.2% 05/17/23 Macquarie Tencent Music upgraded to Neutral from Underperform at Macquarie 05/17/23 HSBC Tencent Music price target raised to $8.40 from $7.70 at HSBC 04/24/23 Mizuho Tencent Music initiated with a Buy at Mizuho 01/19/23 86 Research Tencent Music downgraded to Hold from Buy at 86 Research 05/16/23 Tencent Music reports Q1 EPS 11c, consensus 11c 03/21/23 Tencent Music reports Q4 EPS 11c, consensus 13c 04/24/23 Street Wrap: Today's Top 15 Upgrades, Downgrades, Initiations 03/21/23 What You Missed On Wall Street On Tuesday 03/21/23 What You Missed On Wall Street This Morning 03/21/23 Fly Intel: Pre-market Movers 04/17/23 Tencent call volume above normal and directionally bullish 03/29/23 Tencent call volume above normal and directionally bullish 03/23/23 Tencent call volume above normal and directionally bullish 03/09/23 Tencent call volume above normal and directionally bullish
Upgrade
Macquarie upgraded…
Macquarie upgraded Tencent Music Entertainment to Neutral from Underperform with a price target of $7.40, up from $5.10. The company reported "solid" Q1 results, with online music contributing to over half of total revenue, the analyst tells investors in a research note. The firm anticipates steady growth for both Tencent's music paying subscribers and average revenue per user, which could drive a 6% revenue increase in 2023. It believes much of the downside risks have now been baked into market expectations and the stock's current valuation.
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05/16/23 Tencent Music falls -8.1% 03/21/23 Tencent Music falls -10.0% 02/08/23 Tencent Music announces integration of TME UNI Chart on Billboard's website 01/30/23 Tencent Music falls -8.2% 05/17/23 HSBC Tencent Music price target raised to $8.40 from $7.70 at HSBC 04/24/23 Mizuho Tencent Music initiated with a Buy at Mizuho 01/19/23 86 Research Tencent Music downgraded to Hold from Buy at 86 Research 12/01/22 Morgan Stanley Tencent Music upgraded at Morgan Stanley with sustainable growth ahead 05/16/23 Tencent Music reports Q1 EPS 11c, consensus 11c 03/21/23 Tencent Music reports Q4 EPS 11c, consensus 13c 04/24/23 Street Wrap: Today's Top 15 Upgrades, Downgrades, Initiations 03/21/23 What You Missed On Wall Street On Tuesday 03/21/23 What You Missed On Wall Street This Morning 03/21/23 Fly Intel: Pre-market Movers 04/17/23 Tencent call volume above normal and directionally bullish 03/29/23 Tencent call volume above normal and directionally bullish 03/23/23 Tencent call volume above normal and directionally bullish 03/09/23 Tencent call volume above normal and directionally bullish
Recommendations
HSBC analyst Charlene Liu…
HSBC analyst Charlene Liu raised the firm's price target on Tencent Music to $8.40 from $7.70 and keeps a Hold rating on the shares post the Q1 results. Social entertainment remains a sales drag, but the company's music outlook has improved on new revenue channels, the analyst tells investors in a research note.
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05/16/23 Tencent Music falls -8.1% 03/21/23 Tencent Music falls -10.0% 02/08/23 Tencent Music announces integration of TME UNI Chart on Billboard's website 01/30/23 Tencent Music falls -8.2% 04/24/23 Mizuho Tencent Music initiated with a Buy at Mizuho 01/19/23 86 Research Tencent Music downgraded to Hold from Buy at 86 Research 12/01/22 Morgan Stanley Tencent Music upgraded at Morgan Stanley with sustainable growth ahead 12/01/22 Morgan Stanley Tencent Music upgraded to Overweight from Equal Weight at Morgan Stanley 05/16/23 Tencent Music reports Q1 EPS 11c, consensus 11c 03/21/23 Tencent Music reports Q4 EPS 11c, consensus 13c 04/24/23 Street Wrap: Today's Top 15 Upgrades, Downgrades, Initiations 03/21/23 What You Missed On Wall Street On Tuesday 03/21/23 What You Missed On Wall Street This Morning 03/21/23 Fly Intel: Pre-market Movers 04/17/23 Tencent call volume above normal and directionally bullish 03/29/23 Tencent call volume above normal and directionally bullish 03/23/23 Tencent call volume above normal and directionally bullish 03/09/23 Tencent call volume above normal and directionally bullish
Hot Stocks
Tencent Music is down…
Tencent Music is down -8.1%, or -65c to $7.32.
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03/21/23 Tencent Music falls -10.0% 02/08/23 Tencent Music announces integration of TME UNI Chart on Billboard's website 01/30/23 Tencent Music falls -8.2% 01/30/23 Tencent Music falls -10.0% 04/24/23 Mizuho Tencent Music initiated with a Buy at Mizuho 01/19/23 86 Research Tencent Music downgraded to Hold from Buy at 86 Research 12/01/22 Morgan Stanley Tencent Music upgraded at Morgan Stanley with sustainable growth ahead 12/01/22 Morgan Stanley Tencent Music upgraded to Overweight from Equal Weight at Morgan Stanley 05/16/23 Tencent Music reports Q1 EPS 11c, consensus 11c 03/21/23 Tencent Music reports Q4 EPS 11c, consensus 13c 04/24/23 Street Wrap: Today's Top 15 Upgrades, Downgrades, Initiations 03/21/23 What You Missed On Wall Street On Tuesday 03/21/23 What You Missed On Wall Street This Morning 03/21/23 Fly Intel: Pre-market Movers 04/17/23 Tencent call volume above normal and directionally bullish 03/29/23 Tencent call volume above normal and directionally bullish 03/23/23 Tencent call volume above normal and directionally bullish 03/09/23 Tencent call volume above normal and directionally bullish
Earnings
Reports Q1 revenue…
Reports Q1 revenue $1.02B, consensus $985.62M. "We started 2023 with great momentum as our strategic emphasis on quality growth propelled a strong increase in our online music revenues. We are pleased to see that the revenue size of our online music services has now caught up with social entertainment services for the first time. This signifies that our long-term commitment to developing a sustainable online music business model is bearing fruit. Our total revenues experienced healthy growth in the first quarter, while our focus on efficiency optimization also drove robust net profit growth," said Mr. Cussion Pang, Executive Chairman of TME. "We are glad to achieve a record-high online music paying ratio and expand ARPPU for the fourth consecutive quarter. The broad appeal of our innovative advertising formats and expanded monetization toolbox have been driving our performance. During the quarter, we deepened partnerships with top music labels and artists to further enrich both our iconic music catalogues and vertical content offerings. We continued to foster creativity and nurture artists through a rich variety of support programs, stage performances and monetization opportunities, all of which are dedicated to amplifying the influence of musicians and their works. Furthermore, to capitalize on the public's growing demand for in-person activities, we kept exploring innovative means of interaction and monetization, while broadening our presence in the offline entertainment realm via TME Live, our online-merge-offline performance brand. Looking ahead, we will continue to prioritize high-quality growth and business development that create long-term value for our stakeholders and promote the healthy, vibrant advancement of the music industry."
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