Workflow
Hospitality
icon
Search documents
Netflix resumed, Starbucks downgraded: Wall Street's top analyst calls
Yahoo Finance· 2026-03-09 13:33
Upgrades - TD Cowen upgraded Iqvia (IQV) to Buy from Hold with a price target of $213, increased from $174, citing no expected revenue headwinds from AI [2] - Wolfe Research upgraded Brinker (EAT) to Outperform from Peer Perform with a price target of $184, noting that the Chili's unit has "earned value credibility" and traffic has outperformed [2] - Scotiabank upgraded Verizon (VZ) to Outperform from Sector Perform with a price target of $54.50, up from $50.25, after positive management meetings indicating strong momentum in subscriber loading and cost improvements [3] - Argus upgraded AutoZone (AZO) to Buy from Hold with a price target of $4,325, driven by expectations of positive year-over-year profit growth starting in Q3 after two quarters of negative earnings growth [4] - Rothschild & Co Redburn upgraded GE Vernova (GEV) to Buy from Sell with a price target of $1,100, up from $560, due to stronger than expected demand and margins in power and utilities [4] Downgrades - Wolfe Research downgraded Starbucks (SBUX) to Peer Perform from Outperform without a price target, indicating a need for evidence of sustained execution despite emerging positive signs [5] - William Blair downgraded Talkspace (TALK) to Market Perform from Outperform without a price target, following the announcement of its acquisition by Universal Health Services (UHS) for $5.25 per share, totaling $835 million [5] - TD Cowen downgraded Western Alliance (WAL) to Hold from Buy with a price target of $83, citing decreased investor tolerance for future credit events despite idiosyncratic exposures [5] - Bernstein downgraded Brown-Forman (BF.B) to Market Perform from Outperform with a price target of $29, down from $37.50, due to anticipated margin pressures from rising costs of barreled whiskey [5] - Citizens downgraded Marriott Vacations (VAC) to Market Perform from Outperform without a price target, suggesting the board should have considered strategic alternatives given a 60% stock decline over the previous CEO's tenure [5]
X @Forbes
Forbes· 2026-03-07 20:00
The $94 Million Alpine Resort Challenging Big Luxury Hotels https://t.co/TzloNSqJYy ...
Sunset World Group Strengthens its Commercial Strategy with New Distribution Channels
Prnewswire· 2026-03-07 00:22
As part of this new phase, the company is also working on creating a Commercial Department designed from the ground up, focused on strengthening alliances with key industry players and expanding its presence across various sales channels. According to Leyva, the market has responded positively to this initiative, which represents a strategic step toward consolidating the company's growth in the short and medium term. CANCUN, QUINTANA ROO, Mexico, March 6, 2026 /PRNewswire/ -- At the Tourism Showcase organiz ...
Concrete Leveling Systems, Inc. Provides Corporate Update
Globenewswire· 2026-03-06 18:17
Company Overview - Jericho Associates, Inc. is a Nevada corporation focused on the acquisition, development, and operation of commercial and Tribal Government projects in the casino gaming, hospitality, entertainment, and leisure industries [2] - Jericho became the gaming and hospitality division of Concrete Leveling Systems, Inc. in March 2017 [2] Current Initiatives - The company is finalizing business terms for two separate Memorandums of Understanding (MOUs) related to its commercial gaming and hospitality initiatives [3] Development Projects - The first MOU pertains to Phase 1A of a potential 113-acre hotel and casino development, which will include restaurants, entertainment venues, and related amenities [4] - Jericho will identify financing resources and develop and operate the casino and hotel resort facilities for Phase 1A, which will feature slot machines, table games, sportsbook operations, restaurants, lounges, and entertainment venues [5] - The second MOU updates a previously disclosed commercial gaming and entertainment development project within an existing 1,100-acre master-planned resort community, which includes various residential and recreational amenities [6] - Jericho will develop and operate a casino and restaurants in this master-planned community, catering to a new internationally-branded resort hotel with 140 guest rooms and 40 condominium units [7] Executive Management Team - The Jericho Executive Management Team has over 140 years of combined specialized knowledge in U.S. domestic and international markets [8] - Anna M. Morrison, CPA, has joined as Chief Financial Officer, bringing over 30 years of experience in financial operations, major acquisitions, and risk management in the gaming and hospitality sectors [8][10] Strategic Outlook - Tribal gaming opportunities are becoming increasingly limited, presenting significant barriers to entry due to complex regulatory environments and political considerations [11] - Certain previously pursued Tribal gaming initiatives have been placed on hold due to external factors such as competing projects and shifting Tribal priorities [12] - Jericho's management continually evaluates current and future gaming opportunities to ensure resources are allocated to the most strategically valuable initiatives [13]
Anthony Scaramucci Says Kraken Evolving Into Something 'Much Bigger' After Crypto Exchange Makes History: They Are 'Quietly' Building
Yahoo Finance· 2026-03-06 16:31
Kraken ranks as the second-largest U.S. cryptocurrency exchange by trading volume, handling $1.99 billion in the past 24 hours, behind Coinbase’s $3.35 billion, according to data from CoinGecko. The trading platform supports over 500 cryptocurrencies, including Bitcoin , Ethereum and Dogecoin .If approved, Kraken would become the third crypto exchange to list on Wall Street, alongside Coinbase Global Inc. and Bullish .The move comes ahead of Kraken's widely anticipated IPO . The exchange set its valuation a ...
Seaport Entertainment Group Inc.(SEG) - 2025 Q4 - Earnings Call Transcript
2026-03-05 14:32
Seaport Entertainment Group (NYSEAM:SEG) Q4 2025 Earnings call March 05, 2026 08:30 AM ET Company ParticipantsJason Wilkes - Senior VP of FinanceLenah Elaiwat - CFOMatt Partridge - President and CEOPatrick Stadelhofer - Portfolio ManagerConference Call ParticipantsMatthew Edner - VP and Equity Research AnalystOperatorGreetings, and welcome to the Seaport Entertainment Group Fourth Quarter and Full Year 2025 Earnings Call. At this time, all participants are in a listen-only mode. A question-and-answer sessio ...
Seaport Entertainment Group Inc.(SEG) - 2025 Q4 - Earnings Call Transcript
2026-03-05 14:32
Seaport Entertainment Group (NYSEAM:SEG) Q4 2025 Earnings call March 05, 2026 08:30 AM ET Company ParticipantsJason Wilkes - Senior VP of FinanceLenah Elaiwat - CFOMatt Partridge - President and CEOPatrick Stadelhofer - Portfolio ManagerConference Call ParticipantsMatthew Edner - VP and Equity Research AnalystOperatorGreetings, and welcome to the Seaport Entertainment Group fourth quarter and full year 2025 earnings call. At this time, all participants are in a listen-only mode. A question-and-answer sessio ...
X @Forbes
Forbes· 2026-03-05 04:00
Arash Azarbarzin, the new CEO of Viceroy Hotels & Resorts, shares his journey from the kitchen to the C-suite and how the leadership principles he learned are guiding the brand’s next phase of growth. https://t.co/XWAWit9Cie (📸: Viceroy Hotel & Resorts) https://t.co/788HCqW9wg ...
Caesars Down 21% This Past Year as One Investor Cuts $95 Million Stake Completely
Yahoo Finance· 2026-03-03 19:06
On February 17, 2026, HG Vora Capital Management reported selling its entire 3,500,000-share stake in Caesars Entertainment (NASDAQ:CZR). What happened According to an SEC filing dated February 17, 2026, HG Vora Capital Management sold its entire holding of 3,500,000 shares in Caesars Entertainment (NASDAQ:CZR). The quarter-end position value decreased by $94.59 million as a result. What else to know The CZR position was previously 12.8% of the fund's AUM as of the prior quarter. Top holdings after ...
Dow plunges 300 points while oil prices, Lockheed Martin jump amid Iran attacks, ‘uncertainty in the air'
New York Post· 2026-03-02 15:26
Market Reaction - US stocks experienced a significant decline, with the Dow Jones Industrial Average falling 311 points (0.6%), and both the S&P 500 and Nasdaq also sinking [1][5] - Gold futures increased by 1.9% to $5,348.50 as investors sought safe-haven assets amid rising uncertainty [1] - The volatility index on Wall Street reached its highest level of the year, indicating increased market anxiety [1] Oil and Defense Sector - US crude prices surged by 7.4% due to concerns that heightened tensions could disrupt oil shipments, as Iran is the fourth-largest oil producer in OPEC [3] - Container shipping operations in the Strait of Hormuz were temporarily suspended, a critical route for oil transport, which saw approximately 20.9 million barrels of oil transported daily in 2023 [4] - Defense stocks saw a notable increase, with Lockheed Martin rising by 3.1%, Northrop Grumman and RTX each up by 3.2%, and drone maker AeroVironment surging over 15% [7] Travel Industry Impact - The travel sector faced significant disruptions, marking the largest travel interruptions since the pandemic, leading to thousands of flight cancellations [8] - Major airlines such as United Airlines, American Airlines, and Delta saw stock declines of 3.2%, 4.7%, and 1.9%, respectively [8] - Hotel and travel booking companies, including Marriott International, Hilton Hotels, Airbnb, Expedia, and Booking Holdings, also experienced stock drops ranging from 1.5% to 3.4% [8]