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Live Daily Market Updates: US Equities Open Higher

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Analyst Team
Updated: 20 Apr 2022

Latest 14:40
US Equities Open Higher

Dow +0.67%

S&P 500 +0.43%

Nasdaq +0.26%


European stocks are still on the march higher, with the STOXX 50 at +1.8%.

US indices futures are also in the green, with the Dow at +0.48%, the S&P 500 at +0.46%, and the Nasdaq at +0.47%.

Premarket movers:

As Mentioned earlier, Netflix is down significantly premarket after it lost 200k subscribers.

Other stocks such as Walt Disney and Roku fell in sympathy with Netflix.

Procter & Gamble rose 1.1% after it reported earnings that beat analyst expectations.

Lululemon gained after it announced a five-year plan to double revenue.

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Price Target Changes

London-listed price target changes from Tuesday…

Prudential price target reduced to 1,375p from 1,450p at Societe Generale

Diageo’s price target was raised to 4,500p from 4,250p at Societe Generale

Ashmore Group’s price target was lowered to 220p from 255p at JPMorgan

Shell price target increasedto 2,850p from 2,700p at JPMorgan

BP price target raised to 500p from 480p at JPMorgan

Pennon Group’s price target was reduced to 990p from 1,020p at Credit Suisse

888 Holdings price target lowered to 500p from 545p at Berenberg

Tesco’s price target was reduced to 320p from 327p at Berenberg

Marks & Spencer’s price target was lowered to 215p from 265p at Berenberg

Recommendations Countryside price target lowered to 270p from 510p at Berenberg

Compass Group’s price target was raised to 1,750p from 1,720p at Deutsche Bank

Rio Tinto price target raised to 5,600p from 5,300p at RBC Capital

European Open

Good morning…

Yesterday US equities closed higher. However, after the close, Netflix plummeted 22% following its earnings report where it revealed it lost 200,000 subscribers. The streaming giant forecasted it would add 2.5 million during the quarter.

European equities are gaining at the start of the session…

FTSE 100: +0.02%
DAX: +0.38%
CAC 40: +0.47%
Stoxx 50: +0.53%
IBEX 35: +0.47%

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