Market Surge: AT&T, Texas Instruments & More Shine Amid Earnings and Ratings Boosts
Wednesday, Oct 23, 2024 6:30 pm ET
1min read 1. At&T (NYSE: T)
At&T gained solidly by 4.61%. AT&T will report its Q3 2024 results before market opens on October 23. Wells Fargo, Tigress Financial, and Citigroup maintain buy ratings with price targets of $25, $30, and $24 respectively. Recent insider trading activities have been disclosed in September.
2. Texas Instruments Incorporated (Nasdaq: TXN)
Texas Instruments Incorporated gained solidly by 4.01%. Texas Instruments reported Q3 fiscal 2024 results with revenue at $11.34 billion, down 13.45% year-over-year. Net income exceeded expectations. Baird maintains a neutral rating, target price $175. Benchmark reiterates a buy rating. Automotive chip demand in China remains strong.
3. Verizonmmunications (NYSE: VZ)
Verizonmmunications gained solidly by 3.3%. Verizon reported Q3 fiscal 2024 results with $991.07 billion revenue and $128.35 billion net income, a 12.5% decrease year-over-year. The company is investing $1 billion in US Cellular spectrum assets to enhance its 5G network expansion. Scotiabank maintains its sector performance rating, lowering the target price to $47.
4. Ge Aerospace (NYSE: GE)
Ge Aerospace gained mildly by 2.9%. GE Aerospace released Q3 fiscal 2024 results with net income significantly down 40.49% year-over-year. Revenue reached $278.90 billion. Wells Fargo maintains an "Overweight" rating with a $210 target, while UBS raises its target to $230. Bernstein affirms "Outperform," targeting $225.
5. Corteva (NYSE: CTVA)
Corteva gained mildly by 2.84%. Citigroup initiates coverage on Corteva with a buy rating and a $68.00 price target. B of A Securities also upgrades Corteva to buy with a $67.00 target, while Morgan Stanley maintains an overweight rating at $65.00. Argus Research downgrades Corteva to hold.
At&T gained solidly by 4.61%. AT&T will report its Q3 2024 results before market opens on October 23. Wells Fargo, Tigress Financial, and Citigroup maintain buy ratings with price targets of $25, $30, and $24 respectively. Recent insider trading activities have been disclosed in September.
2. Texas Instruments Incorporated (Nasdaq: TXN)
Texas Instruments Incorporated gained solidly by 4.01%. Texas Instruments reported Q3 fiscal 2024 results with revenue at $11.34 billion, down 13.45% year-over-year. Net income exceeded expectations. Baird maintains a neutral rating, target price $175. Benchmark reiterates a buy rating. Automotive chip demand in China remains strong.
3. Verizonmmunications (NYSE: VZ)
Verizonmmunications gained solidly by 3.3%. Verizon reported Q3 fiscal 2024 results with $991.07 billion revenue and $128.35 billion net income, a 12.5% decrease year-over-year. The company is investing $1 billion in US Cellular spectrum assets to enhance its 5G network expansion. Scotiabank maintains its sector performance rating, lowering the target price to $47.
4. Ge Aerospace (NYSE: GE)
Ge Aerospace gained mildly by 2.9%. GE Aerospace released Q3 fiscal 2024 results with net income significantly down 40.49% year-over-year. Revenue reached $278.90 billion. Wells Fargo maintains an "Overweight" rating with a $210 target, while UBS raises its target to $230. Bernstein affirms "Outperform," targeting $225.
5. Corteva (NYSE: CTVA)
Corteva gained mildly by 2.84%. Citigroup initiates coverage on Corteva with a buy rating and a $68.00 price target. B of A Securities also upgrades Corteva to buy with a $67.00 target, while Morgan Stanley maintains an overweight rating at $65.00. Argus Research downgrades Corteva to hold.
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