Bernstein

Here’s a summary of recent analyst coverage on Healthcare: Bernstein on HCA Holdings Inc (NYSE: HCA): Market Perform, $88 Price Target Bernstein on UnitedHealth Group Inc (NYSE: UNH): Outperform, $142 Price Target Morgan Stanley on Cepheid (NASDAQ: CPHD): Equal Weight, $30 Price Target...

The Apple Inc. (NASDAQ: AAPL) Worldwide Developers Conference (WWDC) 2016 began on June 13 in San Francisco and Bernstein analyst A.M. (Toni) Sacconaghi offered his key takeaways of the event. Sacconaghi said Apple's announcements were in line with investor and blog expectations. The Cupertino,...

At its annual developer conference, Apple Inc. (NASDAQ: AAPL) announced its much awaited “Apple Pay for Safari.” Bernstein’s Lisa D. Ellis maintained an Outperform rating on the company, with a price target of $135. Until now, Apple Pay had only been available for iPhones and...

Allergan plc Ordinary Shares (NYSE: AGN), Alcon, Shire PLC (ADR) (NASDAQ: SHPG) and, to a lesser extent, Bausch & Lomb are the active buyers of ophthalmology products/companies, according to a note from Bernstein citing venture capitalist Emmett Cunningham. Of note, Alcon is a subsidiary of...

Bernstein's Mark Moerdler downgraded Marketo Inc (NASDAQ: MKTO) to Market Perform with a price target of $37.00. The rating change came after Marketo agreed to be acquired by Vista Equity Partners for $35.25 per share in cash. "The deal is forecasted to close in the 3rd quarter," said Moerdler. The...

While describing the three “dreamy” businesses that Amazon.com, Inc. (NASDAQ: AMZN) has created, CEO Jeff Bezos listed Prime as one of these businesses. Bernstein’s Carlos Kirjner maintained an Outperform rating on the company, with a price target of $1,000. Prime Value...

Bernstein’s A.M. (Toni) Sacconaghi, Jr. believes Apple Inc. (NASDAQ: AAPL) is “seeing both cyclical and secular headwinds from a strong iPhone 6 pull-forward coupled with a maturing high-end smartphone market.” Sacconaghi maintains an Outperform rating on the company, with a price...

Bernstein’s Toni Sacconaghi commented in a report that if he were Tim Cook, he would accelerate new product development as well as try to migrate from a transactional hardware revenue model to a subscription-based financial model. Sacconaghi has an Outperform rating on Apple Inc. (NASDAQ...

In the past, Amazon.com, Inc. (NASDAQ: AMZN)’s explosive growth had been good news for shippers United Parcel Service, Inc. (NYSE: UPS) and FedEx Corporation (NYSE: FDX). However, as Amazon grows, it will continue to be become less reliant upon FedEx and UPS. No Need To Worry, Says Bernstein...

Following the Monsanto Company (NYSE: MON) rejection of the acquisition bid from Bayer AG (ADR) (OTC: BAYRY), Bernstein conducted an investor survey to gain a better understanding of the current situation. Bernstein’s Jonas Oxgaard maintains an Underperform rating and price target of $80 on...

Bernstein maintains its Market-Perform rating on Ross Stores, Inc. (NASDAQ: ROST), saying that while execution mistakes drove a slight comp miss, the company's off-price momentum remains intact. Ross Stores reported first-quarter EPS of $0.73 in line with consensus. Comparable store sales growth of...

Paypal Holdings Inc (NASDAQ: PYPL) held its first Investor Day after spinning off from eBay Inc (NASDAQ: EBAY), focusing mainly on product strategy and its efforts to make the company a broad, agnostic payments platform. For the medium-term, the company still sees FX-adj. TPV (total payment...

Bernstein's Toni Sacconaghi laid out the case earlier this week for a scenario in which Apple Inc. (NASDAQ: AAPL) could see its stock exceed a $1 trillion valuation. Sacconaghi was a guest on "Bloomberg GO" Thursday to defend his uber-bullish call at a time when Apple's stock...

Google (Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL))'s I/O conference is a closely watched event by both techies and investors. IN addition to unveiling new and upcoming products, features and services, the conference sometimes provides indications of Google's priorities and long-term strategy....