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The Latest Breaking News from Credit Suisse

Why Are Accolade Shares Down Over 40% Today

Accolade Inc (NASDAQ:ACCD) shares plunged almost 50% after disappointing Q4 FY22 earnings and FY23 guidance. Q4 FY22 revenue increased 58% Y/Y to $93.8 million, beating the consensus of $91.57 million. The company reported a wider net loss of $(34.56) million compared to $(4.73) million a year ago. EPS loss came at $(0.51)…

Benzinga

Apple Analysts See Production Issues As Transitory, Recommend Buying On Weakness Following Q2 Results

Apple Inc (NASDAQ: AAPL) reported better-than-expected second-quarter earnings and revenues.

Benzinga

Benzinga's Top Ratings Upgrades, Downgrades For April 29, 2022

Upgrades

Benzinga

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Benzinga's Top Ratings Upgrades, Downgrades For April 28, 2022

Benzinga

Credit Suisse Maintains Outperform Rating for Alphabet: Here's What You Need To Know

Credit Suisse has decided to maintain its Outperform rating of Alphabet (NASDAQ:GOOGL) and lower its price target from $3450.00 to $3400.00. Shares of Alphabet are trading down 3.63% over the last 24 hours, at $2286.75 per share.

Benzinga

Benzinga's Top Ratings Upgrades, Downgrades For April 26, 2022

Upgrades According to Susquehanna, the prior rating for Boyd Gaming Corp (NYSE:BYD) was changed from Neutral to Positive. At the moment, the stock has a 52-week-high of $72.72 and a 52-week-low of $50.38. Boyd Gaming closed at $64.20 at the end of the last trading period.

Benzinga

Credit Suisse Lists Reason Behind Its Bullishness On Amazon Ahead Of Q1

Credit Suisse reiterated its Outperform rating on Amazon.com Inc (NASDAQ:AMZN), leaving its price target unchanged at $4,100 (38.3% upside) ahead of its Q1 FY22 results. Amazon had spent more money on e-commerce-focused CapEx in the last two years than it has in the prior decade preceding the pandemic, with greater willingness to own fulfillment/transport…

Benzinga

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Credit Suisse Slashed Price Targets On Google, Meta Ahead Of Quarterly Earnings

Credit Suisse analyst Stephen Ju slashed the price targets on two Big Tech companies ahead of their quarterly earnings.

Benzinga

'Modestly Better': 4 IBM Analysts React To Impressive Earnings Report

IBM (NYSE: IBM) shares traded higher by 7.7% on Wednesday after the company reported a first-quarter earnings beat as it continues to restructure its company.

Benzinga

Tesla Q1 Earnings Preview: What Investors Should Know Heading Into Today's Print

Tesla, Inc. (NASDAQ: TSLA) is in the spotlight on Wednesday, as the electric vehicle manufacturer prepares to release its first-quarter financial scorecard.

Benzinga

Credit Suisse issues profit warning caused by jump in legal costs

The bank, beset by a string of controversies, has put aside an extra 600m Swiss francs for unspecified cases

The Guardian - UK

L’Oreal First-Quarter Sales up 13.5%

Cosmetics group L'Oreal reported better than expected first-quarter sales growth on Tuesday, citing strong demand in the US, Europe and mainland China as consumers brushed off concerns about inflation and snapped up high-end beauty products. Sales for the first three months of 2022 rose 13.5% on a like-for-like basis to…

Asharq Al-Awsat

Here's Why Credit Slashed Its Price Target On PayPal

Credit Suisse slashed its price target for PayPal Holdings Inc (NASDAQ:PYPL) to $155 from $190 (55.5% upside) and reiterated Outperform. The re-rating followed model updates and increased levels of uncertainty stemming from multiple factors. Also Read: Read Barclays' Take On Visa, Mastercard, PayPal Amid Present Macro Environment The factors included CFO departure, inflationary pressures on…

Benzinga

Travel Stocks Like Delta Air Are Seen as Inflation Beaters

Meanwhile, Credit Suisse and JPMorgan offered lists of stocks that can thrive in inflationary times like the present.

The Street

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Benzinga

Credit Suisse Gains Conviction On Luminar, Thanks To Volvo, Mercedes, Nvidia

Credit Suisse analyst Dan Levy initiated coverage of Luminar Technologies Inc (NASDAQ:LAZR) with an Outperform rating and a $22 price target (51% upside). The analyst is optimistic about Luminar, as he believes the company is the "best of breed in the rapidly growing" mobility LiDAR market. Its commercial progress reflects a moat in LiDAR…

Benzinga

Credit Suisse Maintains Outperform Rating for Ross Stores, Raises Price Target To $125

Credit Suisse has decided to maintain its Outperform rating of Ross Stores (NASDAQ:ROST) and raise its price target from $118.00 to $125.00. Shares of Ross Stores are trading up 3.27% over the last 24 hours, at $100.01 per share.

Investors Business Daily

Discount Play Rallies On Price-Target Hike, Signs Customers Are 'Trading Down'

Ross Stores rallied after receiving a price-target hike from Credit Suisse, which called the ROST stock a top pick.

The Guardian - UK

EU sanctions Alisher Usmanov’s sister

Saodat Narzieva held 27 secret Swiss bank accounts linked to the Russian oligarch

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Tribune News Service

Economía venezolana podría crecer en 20% este año, pronostica Credit Suisse

Apr. 7—La economía venezolana podría alcanzar un crecimiento de 20% este año de concretarse las expectativas de que el crudo del país sudamericano sea utilizado para sustituir los barriles rusos que dejaron de ser adquiridos por Estados Unidos como consecuencia de la invasión de Ucrania, pronosticó el jueves Credit Suisse.

Benzinga

KPMG Says Woodside Investors To Benefit From $40B Merger With BHP Petroleum Arm: Reuters

According to an independent expert, Woodside Petroleum Ltd's (OTC: WOPEY) merger agreement with BHP Group Ltd's (NYSE: BHP) petroleum arm is in the best interest of its shareholders, valuing the c

Benzinga

Credit Suisse Is Bullish On This Data Center Operator Amid Odds - Read Why

Credit Suisse analyst Sami Badri initiated coverage of Cyxtera Technologies Inc (NASDAQ:CYXT) with an Outperform rating and a $15 price target. The price target implied an upside of 20% from current levels. Cyxtera is a data center operator in the retail colocation segment, previously a part of Lumen's portfolio. Cyxtera's occupancy rate of 70.9% lagged the…

Benzinga

Credit Suisse Initiates Coverage On Few Building Products Companies

Credit Suisse analyst Daniel Oppenheim initiated coverage on a few building products companies. The analyst believes strong housing turnover, significant home equity and confidence in home values, and age of housing stock to drive further growth for building products companies.

Benzinga

Benzinga's Top Ratings Upgrades, Downgrades For April 5, 2022

Upgrades

Benzinga

Are Investors Bullish On Chinese Stocks Again?

A raft of regulations targeting a number of sectors — from technology to real estate and education — have hammered Chinese stocks late last year and into 2022, and although many economists remain bullish on Chinese stocks’ potential, Beijing’s relationship with the Kremlin is now weighing on investor appetite for…

Benzinga

Zoltan Poszar On Bretton Woods III: The Credit Suisse Wonderkind Talks About The New World Evolving In The Wake Of Russia's Invasion Of Ukraine

Alexander Bobrov/Pexels

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