European stocks are still mostly lower with only the Dax up +0.05%. The FTSE is at -0.43% ahead of the US open.
US index futures are pointing to a positive open with the Dow at +0.14%, the S&P 500 at +0.17%, and the Nasdaq at +0.11%
Moderna stock rose premarket after beating earnings and revenue estimates.
CVS also gained after it reported earnings, beating analyst estimates and raising guidance.
Meanwhile, Lyft fell significantly after it missed earnings per share estimates when it reported after the close Tuesday. It did, however, beat revenue forecasts.
Airbnb also reported after the closing bell yesterday, but it beat Wall Street expectations and has risen premarket.
-Boohoo shares plunged 18.2% despite its FY 2022 revenues surging.
-The fashion company’s annual loss triggered the decline.
-Boohoo swung to a loss due to massive capital investments and rising costs
On Tuesday, the company’s price target was cut to 140p from 230p at Deutsche Bank
Aston Martin Lagonda (LON: AML) shares started the day broadly unchanged on the back of two pieces of news. Firstly, the Q1 results for 2022which saw it report a loss of £47 million, and secondly the tossing overboard of the current CEO and replacement.
However, shares are now up over 10%.
Price Target Changes From Tuesday…
Boohoo’s price target cut to 140p from 230p at Deutsche Bank
Nordic Semiconductor price target trimmed to 250p from 300p at Deutsche Bank
Standard Chartered price target raised to 800p from 620p at Deutsche Bank
Glencore price target lowered to 620p from 623p at Morgan Stanley
Reckitt Benckiser’s price target was increased to 5,900p at RBC Capital
Reckitt Benckiser’s price target boosted to 9,300p from 9,100p at Barclays
Reckitt Benckiser’s price target was lifted to 8,000p from 7,700p at UBS
Drax Group’s price target raised to 1,150p from 925p at RBC Capital
Spectris price target decreased to 3,650p from 3,980p at Barclays
Rotork price target cut to 345p from 405p at Barclays
Jupiter Fund price target lowered to 185p at Citi
Man Group price target raised to 275p at Citi
Schroders price target trimmed to 3,400p from 3,500p at JPMorgan
Auto Trader Group price target reduced to 586p from 601p at JPMorgan
A positive Tuesday has been followed by a lower start to the day on Wednesday with the FTSE 100 down in early trading…
FTSE 100: -0.25%
CAC 40: -0.09%
Stoxx 50: -0.17%
IBEX 35: -0.18%
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