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Microsoft To Rally Around 17%? Here Are 10 Other Analyst Forecasts For Friday

Keybanc boosted the price target for Spotify Technology S.A. (NYSE: SPOT) from $180 to $205. Keybanc analyst Justin Patterson maintained an Overweight rating. Spotify shares rose 0.9% to $172.68 in pre-market trading.
byLisa Levin
July 14, 2023
2 minute read
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  • Keybanc boosted the price target for Spotify Technology S.A. (NYSE:SPOT) from $180 to $205. Keybanc analyst Justin Patterson maintained an Overweight rating. Spotify shares rose 0.9% to $172.68 in pre-market trading.
  • Morgan Stanley boosted Boyd Gaming Corporation (NYSE:BYD) price target from $69 to $75. Morgan Stanley analyst Stephen Grambling upgraded the stock from Underweight to Equal-Weight. Boyd Gaming shares rose 1.9% to close at $71.43 on Thursday.
  • Chardan Capital increased the price target for Ouster, Inc. (NYSE:OUST) from $1 to $10. Chardan Capital analyst Brian Dobson upgraded the stock from Neutral to Buy. Ouster shares rose 4.8% to $6.53 in pre-market trading.
  • Raymond James slashed the price target for NOV Inc. (NYSE:NOV) from $29 to $27. Raymond James analyst Praveen Narra maintained an Outperform rating. NOV shares rose 0.1% to $18.50 in pre-market trading.
  • Stephens & Co. raised McDonald’s Corporation (NYSE:MCD) price target from $300 to $325. Stephens & Co. analyst Joshua Long maintained an Overweight rating. McDonald’s shares fell 0.1% to close at $295.22 on Thursday.
  • Needham boosted Coinbase Global, Inc. (NASDAQ:COIN) price target from $70 to $120. Needham analyst John Todaro maintained a Buy rating. Coinbase shares fell 1.1% to $105.80 in pre-market trading.
  • JP Morgan cut AT&T Inc. (NYSE:T) price target from $22 to $17. JP Morgan analyst Philip Cusick downgraded the stock from Overweight to Neutral. AT&T shares fell 1.3% to $14.93 in pre-market trading.
  • UBS boosted Microsoft Corporation (NASDAQ:MSFT) price target from $345 to $400. UBS analyst Karl Keirstead upgraded the stock from Neutral to Buy. Microsoft shares rose 1.6% to close at $342.66 on Thursday.
  • Baird raised the price target for Albany International Corp. (NYSE:AIN) from $101 to $120. Baird analyst Peter Arment upgraded the stock from Neutral to Outperform. Albany International shares rose 1.2% to $92.15 in pre-market trading.
  • HC Wainwright & Co. increased ACADIA Pharmaceuticals Inc. (NASDAQ:ACAD) price target from $28 to $33. HC Wainwright & Co. analyst Andrew Fein maintained a Buy rating. ACADIA Pharmaceuticals shares gained 20.4% to $31.06 in pre-market trading.
  • Stephens & Co. boosted Starbucks Corporation (NASDAQ:SBUX) price target from $103 to $110. Stephens & Co. analyst Joshua Long maintained an Equal-Weight rating. Starbucks shares fell 0.2% to $101.45 in pre-market trading.

 

Check This Out: JPMorgan, Wells Fargo And 3 Stocks To Watch Heading Into Friday

 
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Cannabis Edibles Maker Indiva Reports Record Revenue In 2023, Positive EBITDA And Income From Q4 Operations

By Jelena Martinovic
April 25, 10:07 AM
Canadian cannabis edibles producer Indiva Limited announced on Thursday its financial and operating results for the fourth quarter and fiscal year ended Dec. 31, 2023. For the fourth quarter, the company reported a 53.3% increase year-over-year increase in gross profit before inventory write-down to CA$4.2 million (roughly $3 million). Gross margin before inventory write-down improved to a record 38.5% of net revenue, versus 37.1% in the prior quarter and 29.3% in the prior year's period. Indiva attributed the improvement in gross margin percentage year over year to higher sales, improved operating efficiencies and a positive mix shift toward higher-margin products.

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