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The Latest Breaking News from RBC Capital

Analysts Continue To See Upside In Salesforce Post Q2 Beat Despite Challenging Macros

Salesforce, Inc (NYSE:CRM) clocked 22% revenue growth to $7.72 billion in Q2, beating consensus. The EPS of $1.19 topped the consensus. The board approved a buyback of up to $10 billion. The Q3 and FY guidance were below the consensus. Mizuho analyst Gregg Moskowitz reiterated a Buy and cut the price target from $245 to $235.…

Benzinga's Top Ratings Upgrades, Downgrades For August 22, 2022

Benzinga's Top Ratings Upgrades, Downgrades For August 22, 2022

Benzinga's Top Ratings Upgrades, Downgrades For August 3, 2022

Benzinga's Top Ratings Upgrades, Downgrades For August 3, 2022

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Benzinga's Top Ratings Upgrades, Downgrades For July 6, 2022

RBC Capital: This Dividend Stock Has Strong Growth Potential

RBC Capital analysts recommend buying Pactiv Evergreen (PTVE) amid these uncertain macroeconomic conditions because of its dividend payments and growth potential. So, let’s discuss what makes the stock a solid investment now….

RBC Capital Cuts Verisk Analytics Price Target By ~8%

RBC Capital analyst Ashish Sabadra lowered the price target for Verisk Analytics, Inc. (NASDAQ:VRSK) to $210 from $227 while maintaining the Outperform rating on the shares. The analyst expects 2Q22 revenues modestly below consensus as the tailwinds from strong insurance premium growth, international travel, and a potential uptick in auto insurance are more than offset…

RBC Capital Maintains Underperform Rating for Enerpac Tool Group: Here's What You Need To Know

RBC Capital has decided to maintain its Underperform rating of Enerpac Tool Group (NYSE:EPAC) and lower its price target from $19.00 to $18.00. Shares of Enerpac Tool Group are trading down 0.86% over the last 24 hours, at $18.34 per share.

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Analysts Hailed CarMax's Q1 Performance While Highlighting Concerns

Analysts Hailed CarMax's Q1 Performance While Highlighting Concerns

Analysts lauded CarMax Inc's (NYSE:KMX) Q1 beat while also pointing out the macro concerns. RBC Capital analyst Steven Shemesh maintained CarMax with an Outperform and raised the price target from $104 to $108 in a note titled, "F1Q'23 Follow-Up – Navigating Volatility Well." KMX's results were broadly in line with expectations, Shemesh noted. He expected the inflationary…

RBC Capital Slashes Price Targets Of Meta, Alphabet, Pinterest, Amazon - Read Why

RBC Capital Slashes Price Targets Of Meta, Alphabet, Pinterest, Amazon - Read Why

RBC Capital analyst Brad Erickson dove in deep with SMB-focused advertising agencies for near-term spending feedback and the ever-evolving competitive landscape across different ad channels.

Read How Analysts Reacted To Darden Restaurants' Q4 Results

Read How Analysts Reacted To Darden Restaurants' Q4 Results

Wedbush analyst Nick Setyan lowered the price target on Darden Restaurants Inc (NYSE:DRI) to $122 (3% upside) from $140 and kept a Neutral rating on the shares. The analyst noted that FY23 guidance is predicated on normalization in inflation trends in the second half and has lowered his FY23 EPS estimate to $7.60 from $8.41…

RBC Capital Maintains Outperform Rating for Accenture: Here's What You Need To Know

RBC Capital Maintains Outperform Rating for Accenture: Here's What You Need To Know

RBC Capital has decided to maintain its Outperform rating of Accenture (NYSE:ACN) and lower its price target from $435.00 to $357.00. Shares of Accenture are trading up 2.58% over the last 24 hours, at $293.21 per share. A move to $357.00 would account for a 21.75% increase from the current…

Benzinga's Top Ratings Upgrades, Downgrades For June 23, 2022

Benzinga's Top Ratings Upgrades, Downgrades For June 23, 2022

RBC Capital Updates Ratings On Homebuilders & Building Products Sector As Housing Demand Declines

RBC Capital Updates Ratings On Homebuilders & Building Products Sector As Housing Demand Declines

RBC Capital analyst Mike Dahl further reduces estimates and price targets for Homebuilders & Building Products companies as housing demand declines. The analyst expects further deterioration after the most recent jump in rates (+50 bps past 2 weeks and +270 bps YTD).

RBC Capital Says This Dystrophy Stock 'Is Worth A Look'

RBC Capital Says This Dystrophy Stock 'Is Worth A Look'

RBC Capital says Edgewise Therapeutics Inc's (NASDAQ:EWTX) interim results from the ARCH study of EDG-5506 in Becker Muscular Dystrophy (BMD) improve reward/risk into October functional readout at 15 mg, which can help further de-risk the asset into the phase 2 BMD and Duchenne muscular dystrophy (DMD) studies. The analysts believe stable patient NSAAs in October…

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Benzinga's Top Ratings Upgrades, Downgrades For June 22, 2022

10 Biggest Price Target Changes For Wednesday: Verizon, PayPal, Kellogg, Dow, Bed Bath & Beyond, Booking And More

RBC Capital cut Verizon Communications Inc. (NYSE: VZ) price target from $57 to $54. Verizon shares fell 0.9% to $50.22 in pre-market trading.

RBC Capital Maintains Outperform Rating for Olin: Here's What You Need To Know

RBC Capital has decided to maintain its Outperform rating of Olin (NYSE:OLN) and lower its price target from $83.00 to $76.00. Shares of Olin are trading down 9.08% over the last 24 hours, at $52.02 per share. A move to $76.00 would account for a 46.11% increase from the current…

RBC Shares Its Insight On Fintechs, Apple Buy Now Pay Later, Ultimate Winners

RBC Capital analyst Daniel. R. Perlin looked forward to the Fintech Conference on June 14. Investor feedback was generally constructive, with most investors focused on which names in its universe have the higher probability for positive revisions in 2H/22 versus names at risk.

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RBC Capital Maintains Outperform Rating for DocuSign: Here's What You Need To Know

RBC Capital has decided to maintain its Outperform rating of DocuSign (NASDAQ:DOCU) and lower its price target from $85.00 to $80.00. Shares of DocuSign are trading down 24.11% over the last 24 hours, at $66.30 per share. A move to $80.00 would account for a 20.66% increase from the current…

RBC Capital Maintains Sector Perform Rating for Casey's General Stores: Here's What You Need To Know

RBC Capital has decided to maintain its Sector Perform rating of Casey's General Stores (NASDAQ:CASY) and lower its price target from $250.00 to $238.00. Shares of Casey's General Stores are trading down 4.01% over the last 24 hours, at $197.97 per share.

RBC Says Verastem Interim Analysis In Ovarian Cancer Reinforces Enthusiasm

With the anticipation of a 2Q program update, Verastem Oncology (NASDAQ:VSTM) announced that its interim analysis findings for the RAMP 201 program for recurrent low-grade serous ovarian cancer (LGSOC) continue evaluation in both monotherapy and combination regimens. With incremental updates from ASCO, reiterated KOL enthusiasm, and more updates are upcoming in 2022 on a…

Here's What Analysts Had To Say About GitLab Post Q1 Beat

Analysts acknowledged GitLab Inc's (NASDAQ:GTLB) Q1 beat by re-rating the stock. RBC Capital analyst Matthew Hedberg maintained GitLab with an Outperform and raised the price target from $64 to $66. GitLab reported a solid start to the year as execution continued in its third quarter as a public company, Hedberg noted. Revenue growth again accelerated while RPO…

Here's How RBC Capital Views Cyxtera

RBC Capital analyst Jonathan Atkin maintained Cyxtera Technologies Inc (NASDAQ:CYXT) with an Outperform and raised the price target from $14 to $16. Atkin's recent fireside chat and meetings with CFO Carlos Sagasta at RBC's Global Communications Infrastructure conference touched on multiple financial, strategic, and operating topics. Atkins updated his model and increased the price target…

RBC Capital Cuts BRP's Price Target By ~13%

RBC Capital analyst Joseph Spak

Benzinga's Top Ratings Upgrades, Downgrades For June 6, 2022

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