Goldman Sachs analyst Lizzie Dove gives Aramark a Buy rating with a $33 target, predicting an upcoming pricing growth inflection. Dove notes that ARMK's significant growth in net new business and shifts towards outsourcing post-COVID signal strong revenue potential.
January 17, 2:54 PM
Mizuho analyst James Lee maintains a bullish outlook on Trip.com Group with a $55 price target, highlighting outbound travel as a key growth driver. Despite uncertain top-line growth in China, Lee predicts a strong rebound in outbound flight capacity and demand in FY24, expecting expanded margin multiples and a robust recovery in revenue and profitability for Trip.com.
Joby Aviation’s Revs Up: Partners With Atlantic Aviation For eVTOL Infrastructure In New York And Southern California
January 17, 12:46 PM
Joby Aviation Inc (NYSE:JOBY), a pioneer in eVTOL aircraft, is joining forces with Atlantic Aviation to electrify aviation infrastructure in New York and Southern California, setting the stage for Joby's air taxi service launch. This collaboration will activate key sites with Joby's Global Electric Aviation Charging System (GEACS), facilitating quiet, emissions-free air taxis alongside conventional aircraft.
January 17, 12:09 PM
Tesla has reportedly halted deliveries of its Model 3 in Australia due to a breach of Australian motor vehicle regulations. Tesla communicated to its Australian customers that the delivery halt, effective from January 17, 2024, is linked to a technical compliance matter.
January 17, 11:03 AM
Albemarle expects its 2024 capital expenditures to be $1.6 billion - $1.8 billion, down from approximately $2.1 billion in 2023.
January 17, 8:33 AM
Sean 'Diddy' Combs and Diageo officially end their collaboration on Cîroc vodka and DeLeón tequila, resolving their legal battle. Combs has withdrawn all of his allegations about Diageo.
January 17, 7:17 AM
Hyundai Motor Company reportedly divests its Chongqing factory in China, underscoring strategic adjustments in the world's largest auto market amid a shift towards electric vehicles.
January 17, 6:30 AM
Small- and medium-sized businesses that join Hilton for Business gain access to discounted rates across Hilton's portfolio of nearly 7,400 properties both on the website and on the Hilton Honors app.
New Leadership and Digital Marketing Tactics Set to Boost Dutch Bros Long-Term Growth: Analyst Upgrades Stock
January 16, 5:22 PM
BROS' shift in strategy, including a focus on paid media and product innovations, is viewed positively by the analyst for accelerating consumer awareness in new markets. The company's revised go-to-market strategy, encompassing increased paid advertising and a new development approach, is expected to enhance new store volumes and reduce cannibalization at existing units, paving the way for stronger performance in FY25 and beyond.