An apparel giant and a major electronics and appliances retailer were among the stocks being talked about by analysts on Monday.
Morgan Stanley lowered its price target on Nike. Meanwhile, UBS upgraded Best Buy to buy from neutral. Check out the latest calls and chatter below. All times ET. 6 a.m.: UBS upgrades Best Buy, forecasts outperformance ahead UBS thinks a potential forthcoming appliance upgrade cycle as well as new product offerings could lift Best Buy stock. Analyst Michael Lasser upgraded the retailer to buy from neutral and raised his price target to $106 per share from $85.
Even if this rises to 83, and BBY comps up 3% next year, it could drive EPS of $7.30+ ," the analyst added. — Brian Evans 6 a.m.: Morgan Stanley trims Nike price target Morgan Stanley is taking a slightly cautious stance on Nike ahead of the company's earnings report later this month. The bank reiterated its overweight rating on shares but trimmed its price target to $114 from $116.
Stock Markets Nike Inc Dow Jones Industrial Average Best Buy Co Inc Business News
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
The Best Running Shoes for Men to Wear This Summer — Shop Hoka, Nike, Adidas and MoreShop sneaker styles from Nike, Hoka, Adidas, Brooks and more — perfect for summer runs outside.
Read more »
The Best Running Shorts for Men to Wear in 2024: Nike, lululemon, Under Armour and MoreTake your runs to the next level of comfort and speed with these shorts from your favorite brands.
Read more »
The Best Walking Shoes for Men to Wear This Summer — Hoka, Nike, Allbirds, Brooks and MoreTreat yourself to new sneakers this summer from our favorite brands: Nike, Hoka, Allbirds and more.
Read more »
Best Nike Shoes For Women 2024: The Trendiest Women's SneakersThe Nike Dunk High is an '1980s classic silhouette that started out as a shoe designed for basketball courts but has since gained popularity as a street style essential. Sneaker heads will appreciate the padded, high-top collar that adds an old-school flair.
Read more »
Daily Dinger: Best MLB Home Run Picks Today (Target Christian Yelich on Monday)MLB player prop preview for Monday, June 10th, featuring Christian Yelich, Ryan Jeffers and Jeremy Pena.
Read more »
Logitech’s best gaming mouse is on sale for its best price to dateThe Logitech G Pro X Superlight 2 is down to $136.75 right now. You can also score discounts on Marvel’s Spider-Man 2 and a pair of bass-heavy Sony headphones.
Read more »