Wedbush analyst Dan Ives raised his target share price for Telsa Inc. TSLA, + 3.68% to $ 2,000 from $ 1,250 on Friday, making him the highest among analysts on FactSet. “We believe that with demand for the Model 3 acceleration stronger than expectations in China in the summer period, …
Read More »US stocks hit best quarter in two decades as S&P 500 hits 3,100
US stock indices ended higher on Tuesday, crowning the best quarter for Wall Street in about 20 years, after sound economic data helped offset concerns over a COVID-19 surge in USA The S&P 500 SPX, + 1.54% It gained 1.5% to 3,100. The Dow Jones Industrial Average DJIA, + 0.84% …
Read More »US stocks hit best quarter in two decades as S&P 500 hits 3,100
US stock indices ended higher on Tuesday, crowning the best quarter for Wall Street in about 20 years, after sound economic data helped offset concerns over a COVID-19 surge in USA The S&P 500 SPX, + 1.54% It gained 1.5% to 3,100. The Dow Jones Industrial Average DJIA, + 0.84% …
Read More »Wells Fargo may need to cut its dividend by 50%, analyst says
Text size Wells Fargo plans to disclose its pay level when it reports second-quarter results in July. fake pictures With the Federal Reserve stress tests in the rearview mirror, Wall Street has a little more guidance on the path of bank dividends later this year. But the uncertainty remains. The …
Read More »Analyst says Uber deal for Postmates has “solid industrial logic” but may not help price dynamics
Following a report by Uber Technologies Inc. UBER, + 4.89% is considering acquiring food delivery company Postmates for around $ 2.6 billion, Evercore ISI analyst Benjamin Black had a mixed view of the possible deal. “If the deal were approved by regulators, we believe the street would see it as …
Read More »