According to an analyst at Evercore ISI, Expedia Group stock has more room to grow compared to Airbnb shares, which have seen solid gains this year. Expedia Upgraded to Outperform Mark Mahaney, in a research note, upgraded shares of Expedia (ticker: EXPE) to Outperform from In Line. He also increased his price target on the stock to $200 from $135. Mahaney stated that the … [Read more...] about Expedia Group Stock Has Room for Growth, Airbnb Shares Have Limited Upside
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Market Update: Positive Signals in U.S., Mixed Performance in Europe, and Declines in Asia
U.S. Futures Show Positive Signs U.S. futures for the S&P 500 and Dow Jones Industrial Average are indicating a positive start, with gains of 0.2% and 0.1% respectively. However, it's important to note that changes in futures do not always reflect actual movements after the opening bell. Mixed Performance in European Markets European markets displayed a mixed performance in … [Read more...] about Market Update: Positive Signals in U.S., Mixed Performance in Europe, and Declines in Asia
Biofrontera Resolves Dispute with Maruho, Shares Rise
Shares of Biofrontera, a dermatology-focused biopharmaceutical company, saw a boost after announcing a resolution to an ongoing dispute with pharmaceutical company Maruho. In a securities filing released on Wednesday, Biofrontera disclosed that it had entered into a confidential settlement agreement and share transfer agreement with Maruho. The dispute between the two companies … [Read more...] about Biofrontera Resolves Dispute with Maruho, Shares Rise
Big Oil Poised for Rebound in 2024, Says Analyst
Oil prices and stocks have taken a hit in recent months, but one analyst predicts a rebound in 2024. Peter Low of Redburn Atlantic highlights three companies, Shell, BP, and Exxon Mobil, as potential winners that could deliver a 20% or higher return for shareholders. The Outlook for Shell, BP, and Exxon Mobil Low had already rated Shell as a Buy, but he recently upgraded his … [Read more...] about Big Oil Poised for Rebound in 2024, Says Analyst
Hugo Boss Shares Fall on Preliminary Earnings Below Expectations
At 0855 GMT, shares in Hugo Boss were down 10% at EUR59.54, following the release of the company's preliminary earnings report. While the German premium-fashion company saw an increase in earnings before interest and taxes (EBIT) for the fourth quarter, the results fell short of analysts' expectations. The company reported an EBIT of 121 million euros ($132.5 million) for Q4, … [Read more...] about Hugo Boss Shares Fall on Preliminary Earnings Below Expectations
