Bernstein

In 2014 and 2015, a number of companies launched payment wallets; however, the spotlight shifted away from the wallet wars for most of 2016, Bernstein’s Lisa D. Ellis said in a report. She added that the payment wallet companies are faced with a “chicken vs. egg dilemma,” which...

Tesla Inc (NASDAQ: TSLA) is continuing to disrupt the traditional automotive market. “While we are bullish about Tesla's long-term potential, we have several near-term concerns,” Bernstein’s Daniel Chen said in a report. Initiating coverage of Tesla with a Market Perform...

Tesla Inc (NASDAQ: TSLA) traded up 0.45 percent in after hours activity Wednesday after Bernstein initated coverage of the automaker with a Market Perform rating and a $250 price target. The sentiment closely reflects that of other analysts so far in 2017. According to TipRanks, sell-side...

Colin Davies of Bernstein was surprised by Weatherford International Plc (NYSE: WFT)’s move to appoint Halliburton Company (NYSE: HAL) Chief Financial Officer Mark McCollum as president and CEO. Bernstein expected interim-CEO Krishna Shivram to get the role. Justification For Surprise...

U.S. Nielsen Data for packaged foods revealed a 5.5 percent decline in February sales, representing the second consecutive month of lackluster volumes. The results follow a 1.9 percent decline reported last quarter. Bernstein’s Alexia Howard mentioned the top expectations among packaged food...

Jonas Oxgaard of Bernstein initiated coverage on Agrium Inc. (USA) (NYSE: AGU) with an Outperform rating and price target of $119 on fertilizer recovery and retail expansion. Oxgaard expects potash prices to rise from $250/tonne today to $275/tonne by mid-2018, eventually reaching $300–$325/...

After he oversaw the highly-publicized mega merger that created Kraft Heinz Foods Co (NYSE: KHC) in 2015, Warren Buffett may not be finished with his food shopping just yet. In a new note, Bernstein analyst Ali Dibadj speculates that Kraft Heinz could target PepsiCo, Inc. (NYSE: PEP). Dibadj...

It may seem like an unusual business combination but Kraft Heinz Co (NASDAQ: KHC), most notably known for ketchup and macaroni and cheese, could be eyeing an acquisition of the beverage and snack maker, PepsiCo, Inc. (NYSE: PEP) — at least according to Bernstein's Ali Dibadj. In a research...

Splunk Inc (NASDAQ: SPLK) is undergoing a business and sales transition, which may cause fluctuations in its near-term results. “We believe these are sound long term moves that will drive higher long term revenue growth and would be a buyer on weakness in the stock,” Bernstein’s...

Bernstein’s Stacy Rasgon believes Intel Corporation (NASDAQ: INTC) “is facing structural headwinds as datacenter weakens, quality growth becomes more elusive, and competition increases.” The analyst downgraded the rating on the company from Market Perform to Underperform, while...

Hewlett-Packard split itself into two separate companies on Nov. 2, 2015. The first, Hewlett Packard Enterprise Co (NYSE: HPE), focuses on selling hardware such as servers and data centers, while HP Inc (NYSE: HPQ) focuses on selling individual printers and personal computers to consumers and...

Bernstein analyst Pierre Ferragu believes Cisco Systems, Inc. (NASDAQ: CSCO) can defend and even slowly grow its switching revenues, despite share losses in the high end. Investors are concerned with market share losses of Cisco in switching business, which represents about 30 percent of revenues...

HP Inc (NYSE: HPQ) reported its fiscal first-quarter 2017 EPS in line with expectations and revenue significantly ahead. The revenue beat was driven by strength in PCs, while there are continued concerns surrounding the company’s printing business, Bernstein’s Toni Sacconaghi said in a...

Trevor Stirling of Bernstein detailed in a research report on Wednesday an overview of the U.S. spirits and alcohol market throughout 2016. Highlights From 2016 Here are some of the highlights: Industry volume growth rose 2.4 percent, fell short of the pre-recession average of 3.3 percent. Irish...