Wedbush analyst Tom Nikic reiterated a Neutral rating on VF Corp shares, lowering the price target from $15.5 to $13. Nikic's checks suggest continued business challenges, with Vans being a significant issue. The analyst cut FY24-26 EPS forecasts and noted declining e-commerce traffic for The North Face and Vans. The company's highly-levered balance sheet adds further pressure.
Goldman Sachs analyst reiterated Buy rating on Li Auto with $43.6 PT. Q1 revenue missed estimates, but new launches and sales network expansion expected to drive growth. Stock down nearly 30% in past 12 months.
Target reports first-quarter financial results May 22. Investors and analysts may quickly turn their attention to the future with the company announcing price cuts.
Zoom reported first-quarter revenue of $1.14 billion, beating the consensus estimate of $1.13 billion. The communications company reported adjusted earnings of $1.35 per share, beating analyst estimates of $1.20 per share.
Keysight Technologies, Inc. (NYSE:KEYS) posted better-than-expected second-quarter earnings on Monday. The company posted adjusted earnings of $1.41 per…