Earlier this week, the company announced a $3 billion investment over three years in its Data & AI practice. The expansion includes new industry solutions, the AI Navigator for Enterprise platform, a Center for Advanced AI, and doubling their AI talent to 80,000 people. The company is set to report its Q3/23 earnings on June 22. Street estimates stand at $3.01 for EPS and $16.49B for revenues.Shift4 Payments upgraded to Outperform SVB Moffett Nathanson upgraded Shift4 Payments (NYSE:FOUR) to Outperform from Market Perform and raised its price target to $80.00 from $75.00. The upgrade was based on several key factors. Firstly, the firm now believes that Shift4’s rapid volume growth is sustainable in the near-to-medium term, prompting it to raise its GMV forecast by approximately 15%. Additionally, Shift4 demonstrates significantly higher profitability compared to its peers, which is a critical advantage in today’s business landscape. The firm also sees a path toward gradual improvement in Shift4’s FCF conversion. 2 more upgrades HSBC upgraded Emerson Electric (NYSE:EMR) to Buy from Hold and raised its price target to $100.00 from $79.00. Domino’s Pizza (NYSE:DPZ) shares rose around 2% pre-market today after Stifel upgraded the company to Buy from Hold and raised its price target to $350.00 from $320.00. Jump on the biggest news for your portfolio amid a barrage of market headlines: Always be the first to know with
Global banks raise forecast to 4% peak for key ECB rate
Goldman Sachs (NYSE:GS), BNP Paribas (OTC:BNPQY), Uncredited (BIT:CRDI) and RBC Capital Markets had earlier expected the ECB’s terminal rate to peak at 3.75%, following a 25 basis points (bps) hike in July, they said in notes after the central bank meeting. The ECB raised euro zone borrowing costs to their […]
