Shake Shack Reaffirmed Strong Buy At Raymond James With $160 Price Target
Financial Modeling Prep· 2025-09-17 21:23
Group 1 - Raymond James reiterated a Strong Buy rating and a $160 price target on Shake Shack, highlighting compelling valuation and growth prospects [1] - The recent pullback in Shake Shack shares has created an attractive entry point for investors [2] - Analysts noted multiple growth drivers, including sustained comparable sales growth, margin expansion from new processes and equipment, and accelerating unit growth [2] Group 2 - Shake Shack is projected to achieve mid-teens annual unit growth over the next several years, with approximately 360 U.S. locations currently and a total addressable market of 1,500 [2][3] - The stock's EV/EBITDA multiple is in the high teens, considered attractive as it sits at the low end of its historical range of 18x–30x [3] - Raymond James' DCF-based fair value estimate for Shake Shack is $160, indicating potential upside [3]
An investing podcaster says people are making the same 'mistake' about Duolingo they made about Google
Yahoo Finance· 2025-09-17 21:22
Jamie Galvin, cohost of the Stocks and Savings Podcast, said he was bullish on Duolingo despite recent dips.Stocks & Savings Investing podcaster Jamie Galvin told Business Insider his favorite undervalued stock. He said people were wrong to think AI would "kill" language-learning platform Duolingo. "I think people made this mistake about Google 12 months ago," he said. An accountant said he was bullish on Duolingo's stock — despite its fall — and thought people were making the same "mistake" about ...
Barclays Initiates Xencor At Underweight, Sees Limited Upside From Pipeline
Financial Modeling Prep· 2025-09-17 21:22
Core Viewpoint - Barclays has initiated coverage of Xencor Inc. with an Underweight rating and a price target of $6.00, reflecting concerns over the company's internal pipeline despite its history of innovation in antibody technology and successful partnerships [1][2] Company Overview - Xencor Inc. is recognized for its innovative contributions to antibody technology and has established royalty-generating partnerships with companies like AstraZeneca and Incyte, which have provided a steady revenue stream and a robust balance sheet [1] Pipeline and Future Prospects - Analysts have expressed disappointment regarding Xencor's internal pipeline, indicating it has not produced sufficient valuation upside beyond its existing royalty base [2] - The company is expected to release early dose-escalation data for its lead oncology program, XmAb819, later this year, but these results are anticipated to be too preliminary to significantly impact the stock [2]
Citizens Financial Group Announces Prime Rate Change
Businesswire· 2025-09-17 21:22
PROVIDENCE, R.I.--(BUSINESS WIRE)--Citizens Financial Group, Inc. (NYSE: CFG) announced today that Citizens Bank, N.A. has decreased its prime lending rate to 7.25 percent from 7.50 percent, effective Thursday, September 18, 2025. About Citizens Financial Group, Inc. Citizens Financial Group, Inc. is one of the nation's oldest and largest financial institutions, with $218.3 billion in assets as of June 30, 2025. Headquartered in Providence, Rhode Island, Citizens offers a broad range of retail. ...
NY Cocoa Recovers Early Losses as ICE Inventories Fall
Nasdaq· 2025-09-17 21:21
Core Viewpoint - Cocoa prices are experiencing mixed trends due to varying supply and demand dynamics, influenced by weather conditions in West Africa and inventory levels in the U.S. [2][4] Supply Factors - Recent rain in West Africa has eased dry conditions, potentially boosting cocoa output, while NY cocoa prices rose as U.S. port inventories fell to a 4.5-month low of 2,048,998 bags [2] - The Ivory Coast's cocoa exports have slowed, with shipments at 1.82 million metric tons (MMT) for the marketing year, a 5.8% increase from last year but down from a larger 35% increase seen in December [4] - Quality concerns regarding the Ivory Coast's mid-crop cocoa, attributed to late rain, are supporting prices, with the average estimate for this year's mid-crop at 400,000 MT, down 9% from last year's 440,000 MT [8] - Nigeria's cocoa production is projected to decline by 11% year-on-year to 305,000 MT for the 2025/26 crop year, which may support cocoa prices [9] Demand Factors - Weak global cocoa demand is negatively impacting prices, with European cocoa grindings down 7.2% year-on-year and Asian grindings down 16.3% year-on-year, marking the smallest Q2 in eight years [10] - Chocolate maker Lindt & Sprüngli AG lowered its margin guidance due to a larger-than-expected decline in first-half chocolate sales, while Barry Callebaut AG also reduced its sales volume guidance, projecting a decline in full-year sales volume [5] Market Outlook - The International Cocoa Organization (ICCO) revised its 2023/24 global cocoa deficit to 494,000 MT, the largest in over 60 years, while forecasting a global surplus of 142,000 MT for 2024/25, marking the first surplus in four years [12] - Ghana's cocoa production is expected to increase by 8.3% year-on-year to 650,000 MT for the 2025/26 crop year, which may exert downward pressure on cocoa prices [11]
Inflation fears surge to highest since ‘liberation day' as Fed cuts rates
MarketWatch· 2025-09-17 21:21
The bond market is less confident than Jerome Powell. ...
Stifel Lowers FedEx Price Target Ahead of Q1 Earnings
Financial Modeling Prep· 2025-09-17 21:20
Core Viewpoint - Stifel has reduced its price target for FedEx to $308 from $315 while maintaining a Buy rating, citing macroeconomic pressures and consumer caution as potential challenges ahead of the company's fiscal first-quarter 2026 earnings [1]. Group 1: Market Challenges - Macroeconomic pressures, tariff uncertainty, and changes to the de minimis import rule are expected to negatively impact shipping volumes [1]. - Consumer caution may dampen the peak shipping season, further affecting demand [1]. Group 2: Cost-Cutting Initiatives - FedEx's Network 2.0 initiative presents cost-cutting opportunities, with clearer progress anticipated in the upcoming quarter [2]. - Successful execution of this initiative could help mitigate or even exceed the challenges posed by demand fluctuations [2]. Group 3: Valuation and Future Outlook - Despite the variability in earnings outcomes, FedEx's current valuation indicates an attractive risk-reward profile [3]. - There is potential for upside from an expected upcycle within the next 12 months and the planned spin-off of FedEx Freight in 2026 [3].
UNITED NATURAL FOODS INVESTIGATION CONTINUED BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn Swick & Foti, LLC Continues to Investigate the Officers and Directors of United Natural Foods, Inc. – UNFI
Globenewswire· 2025-09-17 21:20
NEW YORK and NEW ORLEANS, Sept. 17, 2025 (GLOBE NEWSWIRE) -- Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC (“KSF”), announces that KSF has continued its investigation into United Natural Foods, Inc. (“United Natural” or the “Company”) (NYSE: UNFI). In March 2023, the Company disclosed year-over-year declines of $6 million in gross profit and over 71% in net income and earnings per diluted share for its fiscal 2023 second quarter, despit ...
Wedbush's Ives Sees 'Bright Green Light' for Tech Stocks
Yahoo Finance· 2025-09-17 21:19
Dan Ives, Wedbush Securities managing director and global head of technology research, says the Federal Reserve's rate cut cycle will "turbocharge" the rally in tech stocks. Speaking with Romaine Bostick on "Bloomberg The Close," Ives says tech stocks could be up another 10% between now and the end of the year. ...
Boeing secures $124.7 million U.S. Air Force contract modification (BA:NYSE)
Seeking Alpha· 2025-09-17 21:18
The Boeing (NYSE:BA) has been awarded a $124.7 million undefinitized contract action modification to previously awarded for the F-15 Japan Super Interceptor Program. The modification brings the total cumulative face value of the contract to $1.22 billion from $1.19 billion. ...