Nio's Q1 results showed a 7% YOY decline in revenues and 201% growth in gross profits. Analysts remain neutral, as the company's margins continue to be under pressure even as deliveries and revenues ramp.
Oppenheimer initiates coverage on IFF at Outperform rating with $116 price target. Analyst sees potential for shareholder base shift and ongoing growth. Estimated EPS of $3.94 in FY24, $4.28 in FY25, and $4.61 in FY26. Investors can gain exposure through MVAL and IVEG.
Stifel analyst upgrades Sunoco LP to Buy and maintains price target of $62.00. Believes upcoming guidance could boost unit price, estimates EBITDA of $1.48B in FY24 and $1.79B in FY25.