Double Coin and CMA recently entered a strategic partnership with the Independent Tire Dealer Group (ITDG), which represents more than 780 independent tire and auto service locations across North America. ...
Citi senior analyst Jim Suva raised his price target on shares of Apple to a ‘street-high’ of $400 from $310, on the belief that Apple shares could trade higher for five reasons, including the upcoming 5G launch and the company’s wearables business. Suva joins The Final Round to discuss....
Vaccine maker Moderna (MRNA) is on everyone’s radar, with shares rocketing from the $20 level in January to over $60 today. Moderna stock got another small boost yesterday after the inventor of a leading coronavirus vaccine proposal was reported to be nearing a deal to sell its vaccine to Israel. Citing unnamed sources within the Israeli Health Ministry, news site Ynet.com noted that with Phase 2 clinical trials of the vaccine -- mRNA-1273 -- nearly complete, Israel is already "in final negotiations" to buy supplies of the vaccine for distribution to its populace. Which is great news, but here's the thing: Moderna stock was in fact already primed to go higher even before the Israeli news was announced.Over the weekend, you see, investment bank J.P. Morgan released an update on a recent discussion it had with Moderna CEO Stephane Bancel and CFO David Meline. In that note, J.P. Morgan analyst Cory...
With computing and cloud stocks that are capitalizing on the work-from-home economy rallying, an analyst at Morgan Stanley is of the view that it's time to rotate out of them -- and into semionductor stocks that are levered to a rebound in consumer spending.The Semiconductor Analyst Analyst Joseph Moore made the following changes to the ratings of the stocks in his coverage universe:Intel Corporation (NASDAQ: INTC) shares were downgraded from Overweight to Equal-weight with a price target upped from $61 to $65.NVIDIA Corporation (NASDAQ: NVDA) was downgraded from Overweight to Equal-weight, with a price target raised from $363 to $380.Qorvo Inc (NASDAQ: QRVO) was upgraded from Equal-weight to Overweight with a price target hiked from $91 to $130.Lam Research Corporation (NASDAQ: LRCX) was upgraded from Equal-weight to Overweight with a price target increased from $253 to $334.QUALCOMM, Inc. (NASDAQ: QCOM) was upgraded from Equal-weight to Overweight and the price target was...
(Bloomberg) -- Only 19 months after the Camp Fire erupted in the tinderbox mountains of Northern California, PG&E Corp., the power utility behind the deadliest conflagration in the state’s history, is poised to emerge from bankruptcy with its safety still in question.As the state braces for another fire season, the judge overseeing PG&E’s Chapter 11 case said Tuesday he would approve its $59 billion turnaround plan. Moments earlier, its chief executive officer pleaded guilty on behalf of the company to involuntary manslaughter, brining its criminal case from the deadly blaze close to an end. And on Wall Street, PG&E moved forward with plans to sell bonds to fund its restructuring.The quick series of events conclude a tumultuous chapter for PG&E. Yet it’s exiting bankruptcy facing many of the same challenges as it did the day it filed. Efforts to strengthen its finances and safety procedures are still underway, and the long-term...
