The Latest Breaking News from Raymond James

Abbott Clocks Q1 COVID-19 Test Sales Of $3.3B, Reaffirms FY22 EPS Outlook

Abbott Laboratories (NYSE:ABT) has reported Q1 FY22 adjusted EPS of $1.73, up 31.1% Y/Y, better than the consensus of $1.47 and the management guidance of $1.50. Q1 sales of $11.9 billion increased 13.8% on a reported basis and 17.5% on an organic basis, beating the consensus of $11.02 billion. Worldwide sales, excluding…

Benzinga · Apr 20, 2022

Raymond James Lists Key Takeaways From Qualtrics' Proxy Filing

Qualtrics International Inc's (NASDAQ:XM) April 15 proxy filing also disclosed new ACV and retention metrics pertinent to investors, Raymond James observed.  Qualtrics added $365.1 million in new software ACV billings in 2021, effectively aligning with the target performance level of $365.0 million.  Total research services billing of $160.1 million also were effectively in-line…

Benzinga · Apr 18, 2022

Raymond James Says Coupa Beat Oracle and SAP In Software Market Share Gains

Raymond James observed Gartner's report that saw Coupa Software Inc (NASDAQ: COUP) gain ~135 points of software market share in procurement, with a growth of 35%, more than double the industry average at ~16%.

Benzinga · Apr 18, 2022

Raymond James Cuts Copa's Price Target By 4%

Raymond James analyst Savanthi Syth lowered the price target on Copa Holdings (NYSE:CPA) to $110 (an upside of 42%) from $115 while maintaining the Strong Buy rating on the shares. Copa is a Panamanian holding company consisting of Copa Airlines and Copa Colombia. The analyst revised the forecast to reflect higher fuel price forecasts, particularly…

Benzinga · Apr 13, 2022

This Is What Whales Are Betting On Marathon Petroleum

A whale with a lot of money to spend has taken a noticeably bearish stance on Marathon Petroleum. Looking at options history for Marathon Petroleum (NYSE:MPC) we detected 15 strange trades.

Benzinga · Apr 8, 2022

Fastly Shares Pop On Takeover Speculation

Fastly Inc (NYSE:FSLY) is surging on a speculative rumor that it could be a takeover target by Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL). A company like Google could acquire Fastly to improve its content delivery network, the Deal.com reported. Fastly operated a content delivery network to help entities provide faster and more reliable online content. Fastly reported…

Benzinga · Apr 8, 2022

Benzinga's Top Ratings Upgrades, Downgrades For April 6, 2022

Upgrades

Benzinga · Apr 6, 2022

10 Biggest Price Target Changes For Wednesday

Raymond James reduced the price target on Intercontinental Exchange, Inc. (NYSE: ICE) from $161 to $157. Intercontinental Exchange shares rose 0.2% to $130.79 in pre-market trading.

Benzinga · Apr 6, 2022

Benzinga's Top Ratings Upgrades, Downgrades For April 5, 2022

Upgrades

Benzinga · Apr 5, 2022

Raymond James Remains Bullish On This Vehicle Manufacturer - Read Why

Raymond James analyst Joseph Altobello raised the price target on BRP Inc (NASDAQ: DOOO) to C$146 from C$137 and kept a Strong Buy rating on the shares.

Benzinga · Mar 28, 2022