Evercore ISI

It is the year of the retail investor, and listed shipowners, like other public companies, have seen a wave of newcomers buy their stock. Shipowners are happy. They need all the buyers they can get to boost their tepid trading liquidity. Retail buyers of shipping stocks are not so happy. In the...

Kroger Co (NYSE: KR) has seen a large increase in demand amid the coronavirus pandemic and what will be the "new normal" once the pandemic passes is anyone's guess, Kroger CEO Rodney McMullen said during a recent Evercore ISI hosted "fireside chat." What Happened Kroger...

Square Inc (NYSE: SQ) shares are down more than 52% in the past month, but the stock got a much-needed Wall Street upgrade on Monday. The Square Analyst Evercore ISI analyst Rayna Kumar upgraded Square from Underperform to In Line, but cut her price target from $57 to $39. The Square Thesis Kumar...

Twitter Inc (NYSE: TWTR) is likely bracing for a brewing boardroom battle, according to a Friday Bloomberg report.  Elliott Management, the hedge fund founded by Paul Singer, has taken a considerable stake in Twitter, Bloomberg reported, citing people familiar with the matter. The...

ViacomCBS Inc. (NASDAQ: VIAC) could be a "content powerhouse in an era of peak content," Evercore ISI said in resuming coverage of the newly recombined media company with a bullish take. The Analyst Evercore ISI's Vijay Jayant resumed coverage of ViacomCBS, in their now-combined form...

Twitter Inc (NYSE: TWTR) shares have fallen 35% from their 2019 high, but one team of analysts thinks things could still get worse. The Rating Evercore ISI analysts Kevin Rippey and Benjamin Black downgraded Twitter to Underperform and reduced their price target from $42 to $25. The Thesis For a...

Streaming music company Spotify Technology SA (NYSE: SPOT) should be able to match the Street's user and revenue estimates, according to Evercore ISI, but three main concerns prompted the sell-side to downgrade the stock Monday.  The Analyst Kevin Rippey downgraded Spotify from...

The ride-hailing industry is on a path to profitability sooner than some may think, with a huge untapped market left to capture, Evercore ISI said Thursday. The firm started coverage of the industry with bullish takes on the two main players: Uber Technologies Inc (NYSE: UBER) and LYFT...

The first-quarter beat delivered by Parsley Energy Inc (NYSE: PE) has largely de-risked 2019, and there is now greater confidence in the company’s outlook, according to Evercore ISI.  The Analyst Stephen Richardson upgraded Parsley Energy from In Line to Outperform and raised...

Heading into Spotify Technology SA (NYSE: SPOT)'s fourth-quarter earnings report Feb. 6, the streaming music company is "playing an uncertain tune" and investors are encouraged to "remain off the dance floor," according to Evercore ISI.  The Analyst Evercore ISI's...

Tesla Inc (NASDAQ: TSLA) surged Wednesday after posting a major bottom-line beat and its first profitable quarter in two years. “Tesla flexed is model leverage muscles in [Q3], exhibiting a dramatic swing from negative to positive on a number of key metrics,” according to Nomura. ...

Snap Inc (NYSE: SNAP) faces minimal encouraging catalysts in the near-term while user migration towards rival platforms will continue, Evercore ISI said in one of two new bearish reports. The Analysts Evercore ISI's Anthony DiClemente maintains an Underperform rating on Snap's stock with a...

Satellite radio provider Sirius XM Holdings Inc (NASDAQ: SIRI) invested $480 million in Pandora Media Inc (NYSE: P) last year. Sirius was was likely "impressed" with Pandora's performance, and Monday's announcement of a complete acquisition "makes sense," according to...

Shares Seagate Technology PLC (NASDAQ: STX) have seen an "excellent run" in 2018, but industry-wide HDD headwinds now warrants a bearish stance on the stock, according to Evercore. The Analyst Evercore ISI's C.J. Muse downgraded Seagate from In Line to Underperform with a price target...

The state of California last week passed SB 901, a piece of legislation that includes language that reduced the wildfire liability risk for PG&E Corporation (NYSE: PCG). Wall Street is taking notice, and PG&E stock received a pair of upgrades. The Analysts Bank of America analyst Julien...