The analyst slashed his price target to $255 from $350, implying upside of about 16%.
NYSE says Tuesday’s trading glitch due to ‘manual error’
The day after a major trading glitch at the New York Stock Exchange open, the NYSE has issued a statement on what happened.
DCG-owned crypto exchange Luno axes 35% of staff, citing market turbulence
London-based crypto exchange Luno informed employees Wednesday of the redundancies at 12 p.m. GMT in a live-streamed town hall.
Here are Wednesday’s biggest analyst calls: Tesla, Amazon, Robinhood, Microsoft, Sunrun, Block & more
Here are Wednesday’s biggest calls on Wall Street.
Goldman Sachs upgrades Philip Morris, cites expansion in U.S. with smoke-free alternatives
The analyst said the rollout of a line of smoke-free and electronic cigarette products in the U.S. will drive growth for the company.
Why the $7,500 EV tax credit may be tougher to get starting in March
The IRS expects to issue guidance on the clean vehicle credit in March. Experts think the rules around car batteries will limit who can get the credit.
Boeing posts quarterly loss as labor and supply strains overshadow increase in jet demand
Boeing’s orders and deliveries rose last year as travel rebounded.
Homosexuality not a crime, Pope Francis says
Pope Francis criticized legislation that criminalizes homosexuality, urging Catholic bishops to welcome LGBTQ people into the church.
Stocks making the biggest moves premarket: Boeing, News Corp, AT&T, Microsoft and more
German recession ‘very unlikely’ given brighter business sentiment, Ifo head says
Ifo President Clemens Fuest told CNBC that lower energy prices and the end of gas rationing fears were key drivers of optimism.