Bernstein

Bernstein is bearish on natural gas and analyst Jean Ann Salisbury sees evidence the firm’s bearish thesis has already begun playing out in the market. Bernstein is calling for natural gas prices of $2.50/mmbtu as soon as mid-2018. The Bearish Thesis According to Salisbury, each part of the...

Tesla Inc (NYSE: TSLA) falling short of its production goals in the third quarter has Wall Street analysts weighing in on the company's "production bottlenecks." In the third quarter, Tesla produced 260 Model 3 vehicles and delivered just 220, against its Aug. 2 forecast of over 1,500 units....

Amazon.com, Inc. (NASDAQ: AMZN) is expected to take a big step into pharmacy ━ because it can. “We think that Amazon will enter the retail pharmacy industry, in large part because this is a large and disruptable market,” Bernstein analyst Lance Wilkes said in a Thursday note. But its...

Every quarter, Netflix, Inc. (NASDAQ: NFLX) investors wait on the edge of their seats for the company to update its subscriber count number. In fact, Netflix stock tends to trade more in reaction to subscriber count than earnings or revenue. However, at some point, every investor must focus on the...

In a note released Wednesday, Bernstein discussed the various permutations and combinations concerning M&A involving Paypal Holdings Inc (NASDAQ: PYPL). The firm noted that its early July upgrade of PayPal was based on a predicted strategic acquisition it will likely make in the coming...

Red Hat Inc (NYSE: RHT) shares jumped more than 4.2 percent Tuesday after the company’s second-quarter earnings report topped market expectations. A number of Wall Street analyst weighed in on Red Hat following the report. Here’s a rundown of what they had to say. Voices From The Street...

Apple Inc. (NASDAQ: AAPL) investors hoping that the unveiling of the new iPhone 8 and iPhone X this month would propel the stock to new all-time highs have been sorely disappointed. Instead, Apple stock is now down more than 7 percent since Apple’s iPhone event on Sept. 12. 4 Pressing...

Bernstein upgraded shares of AstraZeneca plc (ADR) (NYSE: AZN), giving four reasons for its optimistic assessment. All the same, the firm also harped on two controversies surrounding the company. As such, Bernstein upgraded shares of AstraZeneca from Market Perform to Outperform and lifted its...

The 15-percent pullback in Mondelez International Inc (NASDAQ: MDLZ) shares from a high of $47 in early June was likely an overreaction to a combination of industry-wide and one-time, company-specific issues, according to a Bernstein note. The firm said it sees a buying opportunity at around $40...

Tesla Inc (NASDAQ: TSLA) investors consider the company the leading name in driverless vehicle technology. However, Bernstein analyst Max Warburton believes the driverless technology gap between Tesla and its German counterparts is smaller than most people realize. According to Warburton, Tesla...

Bernstein said in a note Monday it believes both TJX Companies Inc (NYSE: TJX) and Ross Stores, Inc. (NASDAQ: ROST) can continue to grow despite competition. The firm initiated coverage of both TJX Companies and Ross Stores at Outperform, with price targets at $88 and $74, respectively. At the...

Amid an industrywide coverage initiation, Bernstein analyst Jamie Merriman has placed a Market Perform rating on Lululemon Athletica inc. (NASDAQ: LULU) with a $66 price target. While the athleisure innovator faced a challenging start to 2017 from issues largely stemming from e-commerce, “we...

Coach Inc (NYSE: COH) has pulled off a three-year turnaround and now turns its attention to integrating its Kate Spade acquisition, prompting one analyst to predict double-digit earnings growth with a compound annual growth rate of 10 percent over the next five years. Bernstein analyst Jamie...

In its initiation note on U.S. softlines and specialty retail stocks, Bernstein said it sees 13-percent downside for the shares of Michael Kors Holdings Ltd (NYSE: KORS) versus the current share price. Accordingly, the firm initiated coverage of Michael Kors at Underperform with a $37 price...