Bernstein

Bernstein said in a note that it sees no relief for U.S. restaurants as higher minimum wages and tighter labor markets loom for 2017. The firm believes the probability of rollbacks on healthcare mandates may provide restaurants less relief than investors may hope for from the new administration...

Bernstein maintains its Outperform rating on Oracle Corporation (NYSE: ORCL) ahead of its second-quarter results, scheduled for December 15. Analyst's Take Analyst Mark Moerdler expects Oracle's cloud revenue to more than offset the decline in new license sales and forex headwind. “[I]...

Contrary to recent concerns, Cruise lines appear well-positioned to withstand a moderate increase in oil prices in the near term, and the greater risk seems to be increased share price volatility caused by “oil-related headlines or a sustained increase in oil prices in the absence of a...

The period of subsidized growth in e-commerce seems to be nearing its end, which has “significant implications” for delivery companies like United Parcel Service, Inc. (NYSE: UPS) and FedEx Corporation (NYSE: FDX), as well as online retailers like Amazon.com, Inc. (NASDAQ: AMZN),...

Bernstein said the departure of Siggi Olafsson is negative for Teva Pharmaceutical Industries Ltd (ADR) (NYSE: TEVA), as investors may fear the move is reflective of deeper malaise. ADRs of Teva were down 3.89 percent in Tuesday’s pre-market hours. Olafsson's Departure Teva announced that...

The Department of the Army has denied an easement for the Dakota Access Pipeline (DAPL) to cross Lake Oahe, and an alternative routing may need to be considered for the project. Energy Transfer Partners LP (NYSE: ETP) released a statement in which it termed the denial as an “overt and...

Starbucks Corporation (NASDAQ: SBUX) shares are under pressure following the announcement that current CEO Howard Schultz will step down and hand over the reins to chief operations officer Kevin Johnson in April. Schultz will now become executive chairman and will focus on the company’s...

Expectations are for Apple Inc. (NASDAQ: AAPL)'s iPhone 8 to involve a major redesign and upgrade, with the main enhancement being a flexible edge-to-edge OLED display. Apple may need to raise the price of this model “to avoid margin compression,” Bernstein’s Toni Sacconaghi said...

Starbucks Corporation (NASDAQ: SBUX) announced Thursday chief operating officer Kevin Johnson would replace Howard Schultz as the CEO of the company, effective April 3, 2017. Bernstein’s Sara H. Senatore maintains an Outperform rating on the company with a price target of $65. Change In...

Casino investors are taking profits on Thursday following positive monthly gaming revenue numbers from both Las Vegas and Macau. The numbers out of both gaming hubs confirm that strong underlying revenue growth is behind gambling stocks’ recent outperformance. Las Vegas Strip revenue climbed...

While mentioning that there were no indications from the companies of a possible deal between Walt Disney Co (NYSE: DIS) and Netflix, Inc. (NASDAQ: NFLX), Bernstein’s Todd Juenger commented in a report that such a deal would be “a huge, dilutive, transformational event.” TV...

Bernstein’s Pierre Ferragu believes concerns regarding “cloud cannibalization” have subsided in recent quarters, with F5 Networks, Inc. (NASDAQ: FFIV) returning to product growth with 9 percent sequential change as compared to typical seasonality of 5 percent reported for the...

Following the 2 percent decline in Visa Inc (NYSE: V) shares since November 22, when the company announced its U.S. debit routing rule changes, Bernstein’s Lisa D. Ellis recommends buying the dip. Ellis maintains an Outperform rating on the company, with a price target of $97. Why Buy The Dip...

Hewlett Packard Enterprise Co (NYSE: HPE) reported mixed results for its fourth quarter, and its first quarter EPS forecast missed consensus at the mid-point. Hewlett Packard Enterprises reported fourth-quarter revenue at $12.48 billion, below the consensus forecast of $12.82 billion, due to weak...