Bernstein

Nike Inc (NYSE: NKE) reported a strong earnings beat in its fiscal fourth- quarter, which initially sent shares above its 52-week high. But shareholders late to buy the stock could still see returns from current levels. The Analyst Bernstein's Jamie Merriman maintains an Outperform rating on...

The bullish case for two regional banks, SunTrust Banks, Inc. (NYSE: STI) and M&T Bank Corporation (NYSE: MTB), can now be made after a pullback in both stocks, according to Bernstein. The Analyst Bernstein's John McDonald upgraded SunTrust Banks from Market Perform to Outperform with...

Kinder Morgan Inc (NYSE: KMI) announced the sale in May of its TransMountain Pipeline system and expansion project to the Canadian government for the U.S. dollar equivalent of $3.38 billion. The Analyst Bernstein analyst Jean Ann Salisbury upgraded shares of Kinder Morgan from Market-...

Intel Corporation (NASDAQ: INTC) got some love from Wall Street after its most recent quarterly report, but one Wall Street analyst said the software company has too many structural issues for investors to own the stock long-term.  The Analyst Bernstein analyst Stacy Rasgon downgraded Intel...

Advanced Micro Devices, Inc. (NASDAQ: AMD) shares have climbed 62 percent year-to-date. Yet AMD’s fundamental performance may not be as rosy as the market seems to think, according to Bernstein.  The Analyst Bernstein analyst Stacy Rasgon on June 20 reiterated a Market Perform...

Tesla Inc (NASDAQ: TSLA)’s “services and other” gross margins have dropped from positive 5 percent in late 2016 to negative 45 percent early this year. One analyst said the numbers and narrative don’t add up. The Rating Bernstein analyst Toni Sacconaghi Jr. maintained a...

Investors are holding “false hope of a takeout” for AMC Networks Inc. (NASDAQ: AMCX), Bernstein analyst Todd Juenger said in a scathing note Thursday. “The market is treating all these stocks as takeout candidates. There's no identifiable moment in time when that will change,...

Petrochemical producer Westlake Chemical Corporation (NYSE: WLK) has multiple tailwinds ahead that could generate upside potential of 40 percent for investors, according to Bernstein. The Analyst Bernstein's Jonas Oxgaard initiated coverage of Westlake with an Outperform rating and $150...

FedEx Corporation (NYSE: FDX) reported Tuesday after the close with above-consensus non-GAAP earnings per share and in-line revenue for the fiscal fourth quarter. The Analyst Bernstein analyst David Vernon maintained an Outperform rating on FedEx with a $296 price target. The...

Adobe Systems Incorporated (NASDAQ: ADBE)'s fiscal second-quarter print came in better than expected Thursday afternoon. Here's how the sell side reacted. The Analysts Pivotal Research Group's Brian Wieser maintained Adobe at Hold with a price target lifted from $...

Shares of NXP Semiconductors (NASDAQ: NXPI) and QUALCOMM, Inc. (NASDAQ: QCOM) were volatile Friday on conflicting reports about the companies’ proposed merger. What Happened The South China Morning Post reported late Thursday that Chinese regulators approved Qualcomm’s acquisition of...

First Data Corp (NYSE: FDC) hosted its investor day Tuesday morning, and the presentation was mostly cheered by Street analysts. The Analysts Bernstein's Harshita Rawat maintained an Outperform rating on First Data with a price target lifted from $22 to $24. Morgan Stanley's...

Taiwanese semiconductor foundry United Microelectronics Corp (ADR) (NYSE: UMC) has won Bernstein's approval due to its capital return program. The company's foundry business makes integrated circuit wafers for fabless semiconductor companies. The Analyst Analyst Mark Li upgraded...

The Street’s been bullish on Broadcom Inc (NASDAQ: AVGO) over the past month, and the quarter’s adjusted bottom-line and top-line beats only strengthened their conviction. Charter Equity, Bernstein, Credit Suisse and Jefferies raised their estimates on the company following Thursday...

The Permian basin space is becoming overcrowded, resulting in a situation where survival and growth are increasingly difficult, according to Bernstein.  The Permian basin is a large oil-producing basin situated in the western part of Texas and the southeastern part of New Mexico, and comprises...