Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our analyst ratings page.Considering buying SNPS stock? Here’s what analysts think: Read This Next: Photo via ShutterstockLoading...Loading... ...

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page.Considering buying NVDA stock? Here’s what analysts think: Read This Next: Photo via ShutterstockLoading...Loading... ...

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our analyst ratings page.Considering buying FCX stock? Here’s what analysts think: Photo via ShutterstockLoading...Loading... ...

Earnings Report - Advance Auto Parts is set to release its second-quarter earnings results on August 14, with analysts expecting earnings of 58 cents per share, a decrease from 75 cents per share in the same period last year [1] - The projected quarterly revenue is $1.97 billion, down from $2.68 billion a year earlier [1] Debt Offering - On July 28, Advance Auto Parts announced the pricing of upsized senior notes totaling $1.95 billion, maturing in 2030 and 2033 [2] Stock Performance - Following the announcement of the debt offering, Advance Auto Parts shares increased by 4.6%, closing at $61.81 [2] Analyst Ratings - Wells Fargo analyst Zachary Fadem maintained an Equal-Weight rating and raised the price target from $35 to $45 [4] - Evercore ISI Group analyst Greg Melich maintained an In-Line rating and increased the price target from $56 to $58 [4] - Citigroup analyst Steven Zaccone maintained a Neutral rating and raised the price target from $49 to $60 [4] - DA Davidson analyst Michael Baker maintained a Neutral rating and increased the price target from $47 to $65 [4] - Goldman Sachs analyst Kate McShane downgraded the stock from Neutral to Sell, reducing the price target from $48 to $46 [4]

Core Viewpoint - Amazon.com Inc. experienced a significant drop of over 10% in its stock price following its Q2 earnings report, which, while showing solid performance, did not meet expectations for future guidance [1][2] Group 1: Stock Performance and Market Reaction - The stock entered a technical correction after a 45% rally since April, with the recent pullback coinciding with a broader market slowdown [1][2] - Despite the initial drop, signs indicate that bearish momentum is waning, suggesting a potential bullish turnaround for Amazon [2][12] - The stock has shown resilience, holding above its post-earnings low, indicating strong buying interest at lower levels [3][4] Group 2: Analyst Sentiment and Forecasts - Analyst sentiment remains overwhelmingly bullish, with a 12-month price forecast averaging $262.45, representing a 16.82% upside from the current price of $224.66 [6] - Analysts from Goldman Sachs and Cowen have reiterated their Buy ratings, contributing to a positive outlook for the stock [6][7] - Price targets from analysts suggest potential upside reaching up to $280, indicating nearly 30% growth from current levels [7] Group 3: Business Fundamentals and Market Conditions - Amazon's key business units, including AWS and advertising, continue to outperform, supported by favorable macro conditions for big tech [8][9] - The recent sell-off appears to be a healthy profit-taking phase rather than a sign of fundamental weakness, as the market has digested the weaker guidance from the earnings report [10] - The overall market sentiment remains risk-on, which typically benefits high-quality stocks like Amazon [10] Group 4: Price Levels and Future Targets - A critical support level for Amazon's stock is identified at $220, which, if maintained, could lead to a target of $235 and potentially $240, with further upside towards $280 [5][11] - The ability to hold above $220 is crucial for the stock's next upward movement, as bears struggle to regain control without new catalysts [12]

American Airlines Group Inc. AAL will release earnings results for the first quarter, before the opening bell on Thursday, April 24. Let's have a look at how Benzinga's most-accurate analysts have rated the company in the recent period. Considering buying AAL stock? Here's what analysts think: Analysts expect the Fort Worth, Texas-based company to report quarterly loss at 67 cents per share, versus a year-ago loss of 34 cents per share. American Airlines projects to report quarterly revenue at $12.56 billio ...

The Boeing Company BA will release earnings results for the first quarter, before the opening bell on Wednesday, April 22. Analysts expect the Arlington, Virginia-based company to report a quarterly loss at $1.30 per share, versus a year-ago loss of $1.13 per share in the year-ago period. Boeing projects to report quarterly revenue at $19.79 billion, compared to $16.57 billion a year earlier, according to data from Benzinga Pro. Boeing recently finalized an agreement to sell parts of its Digital Aviation So ...

Financial Results - Exxon Mobil Corporation is set to release its first-quarter financial results on April 3, with expected earnings of $1.70 per share, a decrease from $2.06 per share in the same period last year [1] - The company projects quarterly revenue of $86.09 billion, up from $83.08 billion a year earlier [1] Management Changes - Karen T. McKee, president of ExxonMobil Product Solutions Company, will retire effective May 1, with Matt Crocker named as her successor [2] - Exxon Mobil shares fell by 0.3% to close at $118.67 on the day of the announcement [2] Analyst Ratings - Morgan Stanley analyst Devin McDermott maintained an Overweight rating, lowering the price target from $141 to $138 [6] - Wells Fargo analyst Roger Read also maintained an Overweight rating, reducing the price target from $136 to $135 [6] - Truist Securities analyst Neal Dingmann maintained a Hold rating, raising the price target from $117 to $119 [6] - Piper Sandler analyst Ryan Todd maintained an Overweight rating, cutting the price target from $138 to $127 [6] - TD Cowen analyst Jason Gabelman maintained a Buy rating, increasing the price target from $127 to $132 [6]