The Latest Breaking News from Evercore ISI

Morning Markets March S&P 500 futures (ESM2 3) this morning are up +0.57% at a 3-week high, and March Nasdaq 100 E-Mini futures (NQM2 3) are up +0.63% at a 1-week high. U.S. stock index futures this morning are moderately higher as a further easing of the banking turmoil boosts...

Investor optimism has increased considerably in the past few weeks thanks to cooling inflation figures, the Fed’s downshift on monetary tightening, and fading recession fears. Moreover, a strong job report reflects a fairly resilient economy. As the prospects for the global economy are improving, investors could consider buying fundamentally strong…

Analysts led by Mark Mahaney at Evercore ISI reiterated their Outperform rating on Amazon.com Inc (NASDAQ:AMZN) with a target price on the stock of $4,300, implying more than 30% upside.  Amazon remains the investment bank advisory group's top mega-cap long holding. Mahaney and his team highlight four underappreciated elements of the company. Firstly, Amazon's recent…

Benchmark analyst Matthew Harrigan reiterated his Hold rating on Netflix Inc (NASDAQ:NFLX). Harrigan remains cautious on the stock citing elevated global streaming competition and possible overseas member growth fallout from geopolitical uncertainty, even excluding de minimis direct effect from exiting Russia.  Also Read: Evercore ISI Sees 44% Upside In Netflix, Reiterates Rating, Amazon Consummates MGM Deal Post Clean Chit From Regulators…

Evercore ISI analyst Mark Mahaney said his 1,500-respondent U.S. quarterly survey on Netflix Inc (NASDAQ: NFLX) was "modestly positive." 

Apple Inc (NASDAQ:AAPL) recently disclosed acquiring Friday night MLB rights. Fans will be able to tune in to two games on Friday nights during the regular season, available only on Apple TV+. Evercore ISI analyst Amit Daryanani clarified that Apple did not aspire to become another Netflix Inc (NASDAQ:NFLX).  Daryanani lauded Apple's move, which looked…

Evercore ISI analyst Amit Daryanani upgraded the rating on Dell Technologies Inc (NYSE:DELL) to Outperform from In-Line due to several factors, including what he called the company's "very conservative" for its 2023 fiscal year outlook. Daryanani believes Dell will surpass its Q1 FY22 forecasts due to "share gains across [Dell's] PC and infrastructure segments," as…

Evercore ISI analyst Steve Sakwa added Paramount Group Inc (NYSE: PGRE) to the firm's "Tactical Underperform" list.

Evercore ISI analyst Duane Pfenningwerth upgraded Southwest Airlines Co (NYSE:LUV) to Outperform from In-Line with an unchanged price target of $48. Pfenningwerth mentions that some of his recovery hopes have been delivered as leisure demand is recovering "vigorously" as the omicron panic has receded, but fuel prices in the triple digits per barrel merit…