Selected highlights of the day

CPA

• JP Morgan analyst Fernando Abdalla raised his price target on Copa Holdings from $105 to $132.

PNR

• Mizuho analyst Brett Linzey upgraded Pentair from Neutral to Buy and raised his price target from $44 to $60.

 

Lennar Corporation

Declared a cash dividend of $0.375 per share, to be distributed on February 10th, 2023.

•  RBC Capital analyst Mike Dahl cut his rating from Sector Perform to Underperform and lowered his price target to $76 from $79.

CMRE

• Stifel analyst Benjamin Nolan cut maritime giant Costamare from Buy to Hold and lowered his price target to $11 from $12.5.

SUNL

In July 2021, Sunlight Financial Holdings completed its business combination with Spartan Acquisition Corp II and became a publicly traded company. However, less than two years later, the firm disclosed large losses from a $30-33 million impairment charge on September 28, 2022. That led a shareholder to sue on behalf of investors who bought SUNL securities between January 2021 and September 2022. The suit alleges a violation of the Securities Exchange Act of 1934. The company markets itself as a provider of residential solar solutions.

• Credit Suisse analyst Maheep Mandloi downgraded from Outperform to Neutral and cut his price target from $4 to $1.6.

Tesla, in order to qualify for US tax credits have several models got price drops

Rear wheel drive Model 3 from $44k to $50k (6%). Performance version dropping 20% from $63K to around 54K; long range model Y also experienced a fall in pricing about 20%, going from roughly 66K to 53k. The performance variant too upended expectations with its reduced rate plummeting 70 thousand dollars all the way down closer towards 57 thousand.

• Analyst Colin Langan of Wells Fargo lowered his stock forecast $230 to $130 with an Equal-Weight rating.

MRNA

Daiichi Sankyo announced on Friday that it has submitted a domestically-developed mRNA vaccine for review by Japan’s regulatory authorities. The vaccine, known as DS-5670 and intended to be used as a booster shot, was tested in approximately 5. 000 Japanese adults who achieved levels of COVID antibodies at least equivalent to those from other such vaccines. Its development is also being continued so the Omicron strain can additionally be targeted – supplanting current dependency on imports from U.S.-based Pfizer Inc and Moderna.

AAPL

Despite receiving a pay cut of nearly $3 million. Tim Cook’s compensation still remains one of the highest among US CEOs. Though 64% approved his remuneration in Apple’s say-on-pay vote this year – significantly lower than 95% support given for their 2020 fiscal year.

• Analyst Barton Crockett of Rosenblatt downgraded the price target to $165 while still maintaining a Buy rating.

AMZN

• Goldman Sachs analyst Eric Sheridan is keeping the retailer at a Buy rating but reducing his price target from $165 to $145.

A federal labor official has also ruled in favor of unionization for workers at Amazon’s Staten Island facility. The ruling denies an appeal filed by the e-commerce giant. It sets in motion efforts toward employee representation at one of America’s most highly valued companies.

 

 

Wishing you a happy long weekend.

 

The AnaChart team