Morgan Stanley Maintains Overweight on Donaldson, Raises Price Target to $70
Morgan Stanley analyst Dillon Cumming maintains Donaldson (NYSE:DCI) with a Overweight and raises the price target from $66 to $70.
Earnings Scheduled For March 1, 2023
Companies Reporting Before The Bell
• Globalstar (AMEX:GSAT) is expected to report quarterly loss at $0.01 per share on revenue of $38.75 million.
Stocks That Hit 52-Week Lows On Thursday
During Thursday's session, 108 stocks hit new 52-week highs.
Donaldson Q1 Adj. EPS $0.75 Beats $0.71 Estimate, Sales $847.30M Beat $827.04M Estimate
Donaldson (NYSE:DCI) reported quarterly earnings of $0.75 per share which beat the analyst consensus estimate of $0.71 by 5.63 percent. This is a 22.95 percent increase over earnings of $0.61 per share from the same
Investor Optimism Improves Despite Nasdaq Settling Lower
The CNN Money Fear and Greed index showed an improvement in sentiment among investors followings signs that China’s government may begin to ease its strict COVID-19 restrictions amid protests in the country.
The S&P 500 and Nasdaq Composite settled lower for a third session in a row on Tuesday after recording sharp losses in the previous session.
Hormel Foods, Salesforce And 3 Stocks To Watch Heading Into Wednesday
With US stock futures trading higher this morning on Wednesday, some of the stocks that may grab investor focus today are as follows:
Earnings Scheduled For November 30, 2022
Companies Reporting Before The Bell
• Seadrill (NYSE:SDRL) is expected to report earnings for its third quarter.
• Build-A-Bear Workshop (NYSE:BBW) is likely to report earnings for its third quarter.
Solaris Biotech And Wildtype Announce Agreement For Large-Scale Bioreactors For Cultivated Seafood Production NOTE: Solaris Has Been A Part Of Donaldson Company And Its Expansion Into Life Sciences
Solaris and Wildtype signed an agreement to collaboratively develop a new generation of bioreactors to foster large-scale production of cultivated seafood.
Bioreactors are one of the most important pieces of equipment
Baird Maintains Outperform on Donaldson, Lowers Price Target to $59
Baird analyst Richard Eastman maintains Donaldson (NYSE:DCI) with a Outperform and lowers the price target from $61 to $59.
Fear & Greed Index Drops But Remains In ‘Neutral’ Zone
The CNN Money Fear and Greed index remained in the "neutral" zone, but moved lower following another drop in the US stocks on Tuesday.
Each of the 11 S&P 500 sectors closed in negative zone, with the energy sector dropping around 3.4%, as crude oil prices dipped more than 5% on Tuesday.