The Latest Breaking News from Credit Suisse

 

Credit Suisse has decided to maintain its Outperform rating of Alphabet (NASDAQ:GOOGL) and lower its price target from $3450.00 to $3400.00. Shares of Alphabet are trading down 3.63% over the last 24 hours, at $2286.75 per share.

Tesla, Inc. (NASDAQ: TSLA) is in the spotlight on Wednesday, as the electric vehicle manufacturer prepares to release its first-quarter financial scorecard.

The bank, beset by a string of controversies, has put aside an extra 600m Swiss francs for unspecified cases

Cosmetics group L'Oreal reported better than expected first-quarter sales growth on Tuesday, citing strong demand in the US, Europe and mainland China as consumers brushed off concerns about inflation and snapped up high-end beauty products. Sales for the first three months of 2022 rose 13.5% on a like-for-like basis to…

Credit Suisse slashed its price target for PayPal Holdings Inc (NASDAQ:PYPL) to $155 from $190 (55.5% upside) and reiterated Outperform. The re-rating followed model updates and increased levels of uncertainty stemming from multiple factors. Also Read: Read Barclays' Take On Visa, Mastercard, PayPal Amid Present Macro Environment The factors included CFO departure, inflationary pressures on…

Meanwhile, Credit Suisse and JPMorgan offered lists of stocks that can thrive in inflationary times like the present.

Credit Suisse analyst Dan Levy initiated coverage of Luminar Technologies Inc (NASDAQ:LAZR) with an Outperform rating and a $22 price target (51% upside).  The analyst is optimistic about Luminar, as he believes the company is the "best of breed in the rapidly growing" mobility LiDAR market. Its commercial progress reflects a moat in LiDAR…

Credit Suisse has decided to maintain its Outperform rating of Ross Stores (NASDAQ:ROST) and raise its price target from $118.00 to $125.00. Shares of Ross Stores are trading up 3.27% over the last 24 hours, at $100.01 per share.