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The Latest Breaking News from BofA Securities

This Analyst Sees 4 Near-Term Risks For Overstock

Overstock.com Inc’s (NASDAQ: OSTK) revenues through 2022 are likely to be under much more pressure than earlier anticipated throughout this year, according to BofA Securities.

Benzinga

BofA's Key Takeaways From Coca-Cola Earnings

Coca-Cola Co (NYSE: KO) reported its first-quarter organic growth higher than BofA and Street estimates, and this growth was led by higher volumes, according to BofA Securities.

Benzinga

How E2open Is Riding The Supply Chain Wave, BofA Says

E2open Parent Holdings Inc’s (NYSE: ETWO) shares are likely to re-rate in case SaaS (software as a service) revenue growth continues, according to BofA Securities.

Benzinga

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Pricing Drove Procter & Gamble's Sales Growth Beat: BofA Analysis

Although Procter & Gamble Co (NYSE: PG) exceeded expectations by reporting more than 10% organic sales growth for the first quarter, the company’s margins contracted, according to BofA Securities.

Benzinga

Why BofA Cut Netflix Target Price By 50%

Netflix Inc (NASDAQ: NFLX) reported negative net subscriber additions for the first quarter, at -203,000 versus guidance of 2.5 million and Street expectations of 2.6 million, according to BofA Securities.

Benzinga

BofA Downgrades Chemical Stocks Archer Daniels, Bunge

Both Archer-Daniels-Midland Co (NYSE: ADM) and Bunge Ltd (NYSE: BG) seem to be nearing peak earnings, with a likely contraction in soybean crush margins over the next couple of years, according to BofA Securities.

Benzinga

Why Nektar Shares Are Down Almost 35%

Shares of Nektar Therapeutics (NASDAQ: NKTR) have come under pressure after the company “announced the discontinuation of the remaining clinical development programs of bempeg + nivo (Opdivo) in collaboration with Bristo,” according to BofA Securities.

Benzinga

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Oil Stock Momentum Shifting From E&Ps To Refiners: What Company Is BofA Securities' Top Pick?

The U.S. refiners, rather than E&Ps, is where there is the “greatest potential for continued absolute outperformance,” according to BofA Securities.

Benzinga

BofA On PayPal CFO Departure, Company's New Strategy

Although there were execution issues at PayPal Holdings Inc (NASDAQ: PYPL), the departure of John Rainey as CFO was unexpected and shares declined by 2% in after-hours trading on Tuesday, according to BofA Securities.

Benzinga

Warner Bros. Discovery Will Hit The Ground Running, BofA Says

Warner Bros. Discovery (NASDAQ: WBD) has a strong management team and is getting ready to execute on multiple levels, according to BofA Securities.

Benzinga

BofA Says Paramount+ Momentum Continues Into 1Q

Paramount Global’s (NASDAQ: PARA) first-quarter results are likely to reflect continued momentum and investments in streaming, according to BofA Securities.

Benzinga

Fund Managers Pessimistic Over Global Growth Expectation, Survey Suggests: Reuters

As per a monthly survey by investment bank BofA Securities, optimism among fund managers over global economic growth has hit an all-time low. Concerns regarding possible stagflation have risen to the highest since August 2008. In the survey, 71% of survey respondents were pessimistic regarding the expectations for global growth in…

Benzinga

Why BofA Downgrades Fortune Brands, Masco Despite Demand For Building Products

Industry checks indicate that demand for building products was “exceptionally strong” in the first quarter of 2022 and will continue to be strong through the second quarter due to “lean channel inventory and robust contractor backlogs,” according to BofA Securities.

Benzinga

What Is PayPal 3.0 — And How Does It Affect Investors?

PayPal Holdings Inc (NASDAQ: PYPL) is undertaking several growth initiatives that could shape its future, according to BofA Securities. The PayPal Holdings Analyst: Jason Kupferberg maintained a Neutral rating on PayPal Holdings, with an unchanged price target of $118.

Benzinga

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BofA Reinstates Coverage Of EA & Take Two

While the COVID-driven joiner-churn in the interactive media sector is likely to have subsided, increases in gamer budgets may persist, according to BofA Securities.

StockNews.com

Palo Alto Networks vs. Fortinet: Which Cybersecurity Stock is a Better Buy?

Today I'll analyze and compare Palo Alto Networks (PANW) and Fortinet (FTNT) to determine which cybersecurity stock is currently a better investment.

Benzinga

BofA On Exxon's Record Earnings Guidance

Exxon Mobil Corp’s (NYSE: XOM) latest 8-K filing for the first quarter of 2022 indicates another robust sequential earnings growth, according to BofA Securities.

Benzinga

BofA Downgrades First Solar On Lack Of Pricing Power

Although there are several tailwinds for First Solar, Inc. (NASDAQ: FSLR), U.S. policy challenges have “consistently failed” to drive pricing power for the company, according to BofA Securities.

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Benzinga

Xponential Fitness Shares Slip On Secondary Equity Offering By Existing Shareholders

Xponential Fitness Inc (NYSE:XPOF) commenced an underwritten public offering of 4.5 million shares of the company’s Class A common stock by certain existing stockholders, affiliates of Snapdragon Capital Partners. Underwriters granted a 30-days option to purchase up to an additional 675,000 shares. Xponential will not receive any proceeds from the sale of the…

Benzinga

Qualtrics International Analyst: Leadership Position Justifies Premium Valuation

Qualtrics International Inc (NASDAQ: XM) is widely considered the pioneer of the XM — experience management —market, which is vast, estimated at more than $60 billion, and encompasses employee, customer, brand and product experience, according to BofA Securities.

Benzinga

BofA Upgrades Southwest Gas After Share Issuance

Southwest Gas Holdings Inc (NYSE: SWX) has announced the issuance of 5.5 million shares of common stock at a public offering price of $74 per share plus a 30-day underwriters’ option to purchase another 825,000 shares or around $468 million in gross proceeds, according to BofA Securities.

Benzinga

Why 2022 Is Off To A Good Start For Harley Davidson

Harley-Davidson Inc (NYSE: HOG) is likely to have a good year in 2022, with rising fuel prices supporting higher demand for motorcycles, which continues to exceed supply, according to BofA Securities.

Benzinga

BofA Downgrades Honest Company On Q4 Miss, Guidance

Honest Company Inc’s (NASDAQ: HNST) fourth-quarter earnings significantly missed the consensus estimates and management guided to a 15% decline in sales for the first quarter of 2022 and to flat sales and gross margins for fiscal 2022, according to BofA Securities.

Benzinga

Why This Arcos Dorados Analyst Is Turning Bullish After Q4 Earnings

Arcos Dorados Holdings Inc (NYSE: ARCO) reported stronger-than-expected sales and achieved an impressive gross margin recovery in its fourth-quarter report, with “better operating leverage on leaner cost structures,” according to BofA Securities.

Benzinga

Logitech International Offers 'A Strong Track Record," BofA Says

Logitech International SA (NASDAQ: LOGI) is likely to generate a compounded annual growth rate of 8% in revenues and 10% in EBITDA between fiscal 2022 and 2026, according to BofA Securities.

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