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Uber Can Find 'Workable Solution' In California, Analyst Says In Upgrade
Friday, August 21, 2020 - 11:16am | 368Read More...While low ride volumes and increased regulations will remain headwinds in the near-term, Uber Technologies Inc (NYSE: UBER) is well-positioned to tackle these challenges and capitalize on the structural trends toward ride-sharing and delivery, according to Daiwa Capital Markets. The Uber...
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China Under Fire: 'Black Swan' Becomes Realty
Wednesday, November 9, 2016 - 10:43am | 368Read More...Donald Trump winning the 2016 U.S presidential election was considered a "black swan" scenario: something that represents “a low probability but high-impact event,” Daiwa Capital Markets’ Kevin Lai said in a report. He added that this has serious implications for China. China...
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Ford Gets An Upgrade: Lack Of Recall Costs, Higher Seasonal Production To Benefit Q4
Monday, October 31, 2016 - 10:00am | 319Read More...Ford Motor Company (NYSE: F) beat Q3 2016 expectations, and Daiwa Capital’s Jairam Nathan believes there is no meaningful downside risk to the stock. Nathan upgraded the rating on the stock from Underperform to Neutral, with a price target of $12. Ford reported its non-GAAP EPS for Q3...
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Market Sentiment Improving On Alibaba Thanks To Robust Results, Investor Day And Company Focus
Wednesday, September 28, 2016 - 11:01am | 359Read More...Daiwa Capital Markets reiterated its Buy rating on Alibaba Group Holding Ltd (NYSE: BABA) on improving market sentiment and raised the price target by $15 to $125, implying a potential return of 15.4 percent. "In our view, accelerating core e-commerce revenue growth and the top-of-the-class...
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NetEase Scores Upgrade To Buy From Daiwa
Wednesday, September 21, 2016 - 11:33am | 292Read More...Daiwa Capital Markets has upgraded NetEase Inc (ADR) (NASDAQ: NTES) from Buy to Outperform based on multiple catalysts. Analysts John Choi and Alex Liu also boosted the price target from $235 to $290 on the expectation of better revenue growth in the second half of the current year. The brokerage...
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Daiwa Downgrades GM To Neutral, Says Global Performance Is Unstable
Friday, July 22, 2016 - 2:55pm | 307Read More...Daiwa Capital Markets' Automobile analyst Jairam Nathan downgraded shares of General Motors Company (NYSE: GM) in a research report on Thursday on expectations the automaker's earnings will decline from its current levels through 2017. Related Link: General Motors Shares See Downside Following...
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JinkoSolar Didn't Exactly Kill Earnings, But It's Doing Better Than SolarCity
Wednesday, March 2, 2016 - 11:34am | 344Read More...Daiwa’s Scott Chui maintained an Outperform rating on JinkoSolar Holding Co., Ltd. (NYSE: JKS), with a price target of $28.50. Strong 2015 Results The company reported its FY2015 results on March 1, with net profit rising 2 percent year-on-year and the adjusted net profit broadly in-...
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MGM-Macau VIP Revenue At 5 Year Low
Saturday, July 4, 2015 - 10:01am | 242Read More...In a report published Friday, Daiwa Capital Markets analyst Jamie Soo maintained an Outperform rating on MGM China Holdings Ltd (OTC: MCHVF) (HKG: 2282). The stance on the overall Macau gaming industry was maintained at Neutral. MGM China is a leading player in Macau's gaming industry and its...
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Apple's A-Series Chips Could Bolster Taiwan Semiconductor's Revenue
Tuesday, December 17, 2013 - 5:03pm | 612Read More...Taiwan Semiconductor Manufacturing Company (NYSE: TSM) could enjoy a healthy 2014, thanks to Apple (NASDAQ: AAPL). The Cupertino, California-based tech giant is reportedly shifting a chunk of its A-series processor production from Samsung (OTC: SSNLF) to TSMC. According to the Taipei Times (...
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UPDATE: Daiwa Capital Markets Downgrades Spreadtrum Communications to Underperform Ahead of Earnings Call
Friday, May 3, 2013 - 8:34am | 153Read More...In a report published Friday, Daiwa Capital Markets analyst Eric Chen downgraded the rating on Spreadtrum Communications (NASDAQ: SPRD) from Buy to Underperform, and lowered the price target from $21.90 to $19.60. In the report, Chen noted, “According to our market research, we believe Spreadtrum...
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UPDATE: Daiwa Capital Markets Downgrades Spreadtrum Communications to Underperform
Tuesday, September 25, 2012 - 12:47pm | 119Read More...Daiwa Capital Markets lowered its rating on Spreadtrum Communications (NASDAQ: SPRD) but raised its price target from $18.24 to $18.40. Daiwa Capital Markets noted, "Spreadtrum's share price has risen by 49% in the past five months on the street's high expectations for its TD-SCDMA handset-IC...
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UPDATE: Daiwa Capital Markets Downgrades Trina Solar to Hold Post Q2 Profit Warning
Wednesday, August 1, 2012 - 11:26am | 115Read More...Daiwa Capital Markets reduced its rating on Trina Solar (NYSE: TSL) from Outperform to Hold and cut its price target from $9.50 to $5. Daiwa Capital Markets noted, "Trina issued its 2Q12 guidance on 24th May, and we are surprised it missed its 2Q12 shipment guidance by 25% in five weeks. We...
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Benzinga's Top Downgrades With Color for May 24, 2012
Thursday, May 24, 2012 - 9:44am | 363Read More...Listed below are today's Top pre-market Downgrades at Benzinga: Brean Murray Carret Downgrades NetApp (NASDAQ: NTAP) to Hold: Brean Murray Carret notes, "We're moving to Hold from Buy for now as the July Q revenue softness we spoke of in our preview is substantially greater than we'd envisioned...
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UPDATE: Daiwa Capital Markets Downgrades Suntech Power to Sell on Structural Weakness
Thursday, May 24, 2012 - 9:03am | 122Read More...Daiwa Capital Markets reduces its rating on Suntech Power (NYSE: STP) from Hold to Sell and reduces its price target from $3 to $1.50. Daiwa Capital Markets comments, "We are cutting our 2012 and 2013 revenue forecasts by 20% and 30%, respectively, due to lower shipment and ASP assumptions, and...
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UPDATE: Daiwa Capital Markets Reiterates Buy Rating, Lowers PT for VanceInfo Technologies
Wednesday, May 16, 2012 - 10:31am | 125Read More...In a flash report published earlier today, Daiwa Capital Markets reiterated its Buy rating for VanceInfo Technologies Inc. (NYSE: VIT), but lowered its price target from $20.00 to $15.70. Daiwa Capital said in its report “VanceInfo recorded strong revenue growth of 50% YoY for 1Q12 and sees demand...
