Bernstein

Monsanto Company (NYSE: MON) has received an unsolicited, non-binding proposal to be acquired by Bayer. Bernstein’s Jeremy Redenius maintained an Underperform rating for Monsanto, with a price target of $80. Commenting that the deal appears to be “a big financial stretch,”...

General Electric Company (NYSE: GE) may have made the shift to digitization just in time to ride the huge industrial Internet of Things (IOT) wave in coming years. According to Bernstein analyst Steven Winoker, GE’s cloud-based data analytics ecosystem could be a huge growth driver in coming...

Apple Inc (NASDAQ: AAPL)’s stock has always traded at a relatively low multiple for such a profitable company. The stock’s current PE ratio sits at just 10.4. Bernstein analyst Toni Sacconaghi believes he knows why the market discounts Apple and has a creative potential solution to...

TJX Companies Inc (NYSE: TJX) reported impressive global comps of 7 percent for 1Q17. Bernstein’s Anne-Charlotte Windal maintained an Outperform rating for the company, while raising the price target from $82 to $83. TJX’s total comps included +6 percent comps from its US Marmawxx...

Investors seem to have developed a love-hate relationship with Apple Inc. (NASDAQ: AAPL) and its stock. Or, as CNBC's Jim Cramer puts it, "Apple stock is the worst loved piece of paper in the universe." Speaking during his daily "Mad Money" segment, Cramer pointed out there may be a disconnect...

Bernstein’s Jean Ann Salisbury believes that if the merger between Energy Transfer Equity LP (NYSE: ETE) and Williams Companies Inc (NYSE: WMB) is successfully completed, the share price of the latter would rise. Salisbury maintains an Outperform rating on Williams Companies, with a price...

The global oil market may be rebalanced well before many investors expect. According to Bernstein analyst Bob Brackett, oil-levered E&Ps will be some of the major beneficiaries once the oil market reaches equilibrium in the second half of this year. “We believe that robust demand...

According to a Bloomberg report, Bayer AG (ADR) (OTC: BAYRY) “is exploring a potential bid for U.S. competitor” Monsanto Company (NYSE: MON). Bernstein’s Jeremy Redenius maintained an Outperform rating on Bayer with a price target of €125, while maintaining an...

After a wild ride for MLP investors over the past couple of years, Bernstein has initiated coverage on the space. Analyst Jean Salisbury has some good news and bad news for MLP investors. Good News First, the good news is that bankruptcy fears in the space have been overblown. Even at oil prices...

As Amazon.com, Inc. (NASDAQ: AMZN) launched Video Direct to compete with YouTube, let's see what makes YouTube, the prized asset of Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL), unbeatable in its space. However, the advent of Amazon Video Direct has also brought to the spotlight another potential...

The latest estimates of the financial impact of the Fort McMurray Canadian wildfires suggest that the fires could cause up to C$10 billion in damages. Bernstein analyst Thomas Seidi took estimates made by leading Canadian property insurer Intact via satellite imagery and extrapolated the results...

Bernstein analyst Anne-Charlotte Windal believes Gap Inc (NYSE: GPS) has not only reported disappointing sales for April, but indicated that the sales were more painful than expected. The most important figure was that April comparable store sales growth fell shy of the consensus for all three of...

On CNBC's Mad Money last week, when Jim Cramer spoke to Apple Inc. (NASDAQ: AAPL) CEO Tim Cook, several investors asked whether Cook’s media appearances presaged stock performance. Bernstein’s Toni Sacconaghi said that, having analyzed the correlation between CEO Tim Cook's...

Twenty-First Century Fox Inc (NASDAQ: FOXA) reported mixed results for Q3. Bernstein’s Todd Juenger maintained an Outperform rating for the company, with a price target of $35. 21st Century Fox reported its FQ3 operating income ahead of expectations, driven mostly by Film and a little by...