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The Latest Breaking News from Credit Suisse

Benzinga's Top Ratings Upgrades, Downgrades For February 15, 2022

Upgrades

Benzinga

Credit Suisse's List of Inflation-Boosted Stocks

The last 12 months have been a good time for stocks that benefit from inflation, according to Credit Suisse.

The Street

Here's Why Momentive Shares Are Trading Higher Today

Momentive Global Inc (NASDAQ:MNTV) reported fourth-quarter FY21 revenue growth of 16% year-on-year to $117.3 million, missing the consensus of $120.9 million. Enterprise sales revenue was $40.0 million, an increase of 34% Y/Y. Self-serve revenue was $77.4 million, an increase of 9% Y/Y. Paying users totaled 888,700, an increase of 8% Y/Y. The average…

Benzinga

From analysis to the latest developments in health,
read the most diverse news in one place.

Credit Suisse posts $2.2B loss to end 'challenging year'

Credit Suisse has reported a fourth-quarter loss of $2.2 billion as the top-drawer Swiss bank wrapped up “a year of challenges” marked by bad bets on a hedge fund, set asides for legal costs, and accounting changes due to its acquisition of a U.S. investment bank over 20 years ago

The Independent UK

Wall Street drops as interest rate rises loom after US inflation hits 7.5% – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

Credit Suisse, Citi Cut Jacobs Engineering's Price Target Post Q1 Results

Credit Suisse analyst Jamie Cook lowered the price target on Jacobs Engineering Group Inc (NYSE:J) to $161 (an upside of 25.6%) from $175 and maintained an Outperform rating on the shares. The analyst notes that Jacobs stock closed down 3% after reporting a largely in-line quarter while maintaining the full year 2022 adjusted EBITDA and EPS…

Benzinga

Read How Analysts Reacted to Eaton's Q4 Results

Analysts updated the price target for Eaton Corp PLC (NYSE:ETN) after Q4 results. Baird analyst Mircea Dobre lowered the price target to $167 from $177 and maintained a Neutral rating on the shares. The analyst said its recent shortfall was due to supply chain disruptions and, with current guidance, detects conservativism in Electrical given strong order…

Benzinga

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Credit Suisse faces trial in drug-tied money laundering case

A Swiss criminal court is opening a trial on charges that Credit Suisse failed to do enough to stop money laundering linked to drug trafficking by a Bulgarian criminal organization

The Independent UK

UK house prices hit record high but slowdown looms; eurozone bond yields rise – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

BHP Makes Credit Suisse List of Stocks Helped by Chinese Rebound

Glencore, Rio Tinto, Anglo American, the U.K.'s Prudential and the Netherlands' Prosus also are on the list.

The Street

Analysts Cut Pinterest Price Target Post Q4 Results

Analysts mainly slashed their price targets on Pinterest Inc (NYSE:PINS) post Q4 results. BofA analyst Justin Post lowered the price target on Pinterest to $46 from $57 (87.7% upside) and kept a Neutral rating on the shares. While the company reported better than expected revenue and adjusted EBITDA, users are "still under pressure," said Post, who…

Benzinga

These Three Stocks Are Ready to Take Off, Credit Suisse Says

Health insurance and info tech companies are sitting at 'inflection points' with shares poised for gains of 25% to 100%, bank says.

The Street

Deutsche Bank, Credit Suisse Cut Caterpillar Price Target

Deutsche Bank analyst Nicole Deblase lowered Caterpillar Inc's (NYSE:CAT) price target to $242 from $245 and maintained a Buy rating on the shares. Deblase mentions that the stock sold off post earnings on lower forward earnings estimates. Related: Caterpillar Clocks 23% Revenue Growth In Q4, Beats Analyst Expectations. Credit Suisse analyst Jamie Cook lowered the price target to…

Benzinga

Credit Suisse Cuts Price Target On This Consumer Goods Giant- Read Why

Credit Suisse analyst Kaumil Gajrawala lowered the price target of Colgate-Palmolive Co (NYSE: CL) to $90 from $95 and kept an Outperform rating on the shares, implying a 9.3% upside.

Benzinga

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The Street

Tesla Lifted to Outperform; 'Checks All Boxes,' Credit Suisse Says

Tesla checks all the boxes: growth, industry disruption, environmental approach, and market undervaluation, Credit Suisse says.

Benzinga

Why Tesla Shares Are Trading Higher Today

Tesla, Inc. (NASDAQ: TSLA) shares are trading higher after Credit Suisse upgraded the stock from Neutral to Outperform and maintained a $1025 price target.

Benzinga

Several Analyst Firms Cut Rockwell Automation Price Target After Q1 Results

Analysts lowered the price target for Rockwell Automation (NYSE:ROK) after the Q1 results. JPMorgan analyst Stephen Tusa lowered the price target to $220 from $225 and kept an Underweight rating. Tusa sees an "expensive stock getting too much credit for its realistic growth potential." He expects consensus estimate cuts and a deceleration in Rockwell's growth…

Benzinga

Credit Suisse Downgrades This Cleaning Products Manufacturer - Read Why

Credit Suisse analyst Kaumil Gajrawala downgraded Clorox Co (NYSE:CLX) to Underperform from Neutral with a $160 price target. The analyst thinks a large portion of Clorox's growth during the first phase of the pandemic came from categories that are now declining. If consumption continues to revert toward pre-pandemic levels, $500 million in company sales may…

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news in one place.

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Evening Standard

Credit Suisse warns of trading slowdown and legal costs

CREDIT Suisse, the Swiss bank reeling from the sudden departure of chairman Antonio Horta-Osorio, issued a profit warning today related to legal costs.

AFP

Scandal-plagued Credit Suisse warns profits to take hit

Zurich (AFP) - Credit Suisse warned Tuesday that litigation would hit fourth-quarter profits while its investment bank faces a loss, in the latest blow to the scandal-plagued financial giant.

Benzinga

Credit Suisse Cuts Cloudflare Price Target By 32%

Credit Suisse analyst Phil Winslow upgraded Cloudflare Inc (NYSE:NET) to Outperform from Neutral with a price target of $140, down from $205, implying an upside of 49%. Winslow sees Cloudflare sustain significant revenue growth, within the high 40% to +50% range, for multiple years. Winslow's expectations grew from differentiated serverless architecture, efficient and rapidly expanding…

The Guardian - UK

Credit Suisse boss at Euros on same day he allegedly broke rules to attend Wimbledon

António Horta-Osório resigned last week after bank looked into alleged repeated breaches of Covid rules

The Street

Here's Credit Suisse's List of Stocks Boosted by Inflation

Credit Suisse Wednesday published a list of the S&P 500 stocks it views as benefiting most from inflation.

Evening Standard

CEOs now must make money and save the world

Sir António Horta-Osório has resigned at Credit Suisse after reportedly breaking lockdown rules to visit Wimbledon. His departure as chairman after nine months is surprising in some ways but in banking, he isn’t alone. Jes Staley quit Barclays last year over his historic relationship with Jeffrey Epstein. In 2020, Credit…

Evening Standard

Credit Suisse turns to a Swiss candidate to repair its reputation from latest mishap

Credit Suisse turned to a Swiss candidate for the second time in two years for a top role at the bank as it struggles to repair its reputation after a series of trading and personnel scandals, writes Bloomberg.

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