The Latest Breaking News from B of A Securities

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Accolade Inc (NASDAQ:ACCD) shares plunged almost 50% after disappointing Q4 FY22 earnings and FY23 guidance. Q4 FY22 revenue increased 58% Y/Y to $93.8 million, beating the consensus of $91.57 million. The company reported a wider net loss of $(34.56) million compared to $(4.73) million a year ago. EPS loss came at $(0.51)…

B of A Securities upgraded its rating of Grocery Outlet Holding (NASDAQ:GO) to Buy with a price target of $37.00, changing its price target from $23.00 to $37.00. Shares of Grocery Outlet Holding are trading up 2.27% over the last 24 hours, at $33.81 per share.

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B of A Securities has decided to maintain its Buy rating of Raytheon Technologies (NYSE:RTX) and raise its price target from $115.00 to $130.00. Shares of Raytheon Technologies are trading up 0.04% over the last 24 hours, at $99.23 per share.

 

B of A Securities downgraded its rating of Overstock.com (NASDAQ:OSTK) to Neutral with a price target of $38.00, changing its price target from $85.00 to $38.00. Shares of Overstock.com are trading down 5.79% over the last 24 hours, at $31.74 per share.

 

Analysts updated ratings and price target for Halliburton Company (NYSE:HAL) after Q1 results. Citi analyst Scott Gruber raised the price target to $48 (an upside of 19.6%) from $44 while maintaining the Buy rating on the shares. Gruber states that expectations for HAL were high coming into the quarter. The analyst utilizes 38% increments in…

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