Priya Nigam - Spark Newswire

1 minute read

Apple App Store Settlement Reveals Updates: How Did A BofA Analyst React?

Today, 2:15 PM

Although Apple Inc.’s (NASDAQ: AAPL) App Store changes are still pending court approval, they will resolve a class-action suit from U.S. developers, according to BofA Securities.

AAPL

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Morgan Stanley Warns Of Further Downside to Nordstrom Stock

By Priya Nigam

Today, 2:15 PM

Nordstrom, Inc’s (NYSE: JWN) revenue recovery journey is likely to be prolonged and cost inflation is expected to exert margin pressure, according to Morgan Stanley.

JWN

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BofA Initiates Praxis Precision Medical At Buy

By Priya Nigam

Today, 2:15 PM

Praxis Precision Medicines Inc’s (NASDAQ: PRAX) lead asset has demonstrated encouraging data for central nervous system diseases and has a broad pipeline that targets both prevalent and rare disorders, according to BofA Securities.

PRAX

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BofA Evaluates MeridianLink On 4 Ms, Initiates At Buy

By Priya Nigam

Today, 2:15 PM

MeridianLink, Inc. (NYSE: MLNK) does well in the four-M framework for software investing, which includes market, competitive moat, management strength and margin potential, according to BofA Securities.

MLNK

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Uber Analyst: Prop 22 Court Ruling A ‘Sentiment Setback’

By Priya Nigam

Today, 2:15 PM

A California judge ruled Proposition 22, the state's gig worker law, as unconstitutional on Friday. Although an appeal is imminent, the ruling is a “sentiment setback” both for the gig economy industry and Uber Technologies Inc (NYSE: UBER), according to BofA Securities.

UBER

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BofA Announces Double Downgrade On Mercury Systems

By Priya Nigam

Today, 2:15 PM

Mercury Systems Inc (NASDAQ: MRCY) reported a 3% decline in organic earnings for the fiscal fourth quarter and announced disappointing guidance for fiscal 2022, citing the timing of awards, administration changes and customer execution issues as the reasons, according to BofA Securities.

MRCY

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WR Berkley’s Stock Has Reached Historic Trough, BofA Says

By Priya Nigam

Today, 2:15 PM

Shares of WR Berkley Corp (NYSE: WRB) are trading close to the troughs last seen in 2013-2014, according to BofA Securities. The WR Berkley Analyst: Joshua Shanker upgraded WR Berkley from Underperform to Neutral and raised the price target from $80 to $86.

WRB

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Clarivate Is In Early Stages Of Turnaround, BofA Says

By Priya Nigam

Today, 2:15 PM

Clarivate Plc’s (NYSE: CLVT) turnaround strategies are likely to lead to accelerated growth and more consistent performance, according to BofA Securities. The Clarivate Analyst: David Chu initiated coverage of Clarivate with a Buy rating and $28 price target.

CLVT

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Apple App Store Growth Starting To Decelerate, BofA Says

By Priya Nigam

Today, 2:15 PM

Growth in Apple Inc’s (NASDAQ: AAPL) global app store revenues started to slow in the fiscal fourth quarter, given tough comparisons and continued economic reopening, according to BofA Securities.

AAPL

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BofA Downgrades Parsons On Execution Uncertainties

By Priya Nigam

Today, 2:15 PM

Parsons Corp’s (NYSE: PSN) disappointing second-quarter results and unexpected guidance reduction raise concerns around the execution of the company’s margin and M&A integration strategies, according to BofA Securities.

PSN