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Tag: analysts

Big restaurant chains are recovering faster, analysts say

Big restaurant chains have largely recovered from the coronavirus pandemic, but the rest of the industry is taking longer to bounce back, according to a Bank of America study. Analysts Gregory Francfort and JonMichael Shekian used aggregated transaction data from Bank of America credit and debit card holders to analyze consumers’ restaurant spending habits. On July 1, …

Big restaurant chains are recovering faster, analysts sayRead More

Multiple analysts hike Amazon targets, saying it gained lots of new customers during the pandemic

Jeff Bezos, founder and CEO of Amazon, smiles as he speaks during the Economic Club of Washington’s Milestone Celebration event in Washington, DC, on September 13, 2018. Saul Loeb | AFP | Getty Images (This story is for CNBC Pro subscribers only).  Two Wall Street shops hiked their price targets for Amazon on Friday, saying …

Multiple analysts hike Amazon targets, saying it gained lots of new customers during the pandemicRead More

Analysts recommend buying Nike on coronavirus weakness: ‘Multi-year buying opportunity’

Nike shoes are displayed at a Nike Store in San Francisco, California. Justin Sullivan | Getty Images Analysts on Wall Street recommend buying the recent dip in Nike’s stock, which is getting hit on worries about the impact of the coronavirus epidemic. UBS upgraded shares of Nike to buy from neutral and JPMorgan added the …

Analysts recommend buying Nike on coronavirus weakness: ‘Multi-year buying opportunity’Read More

As Chipotle’s stock slides, analysts ask if its valuation has peaked

Shares of Chipotle Mexican Grill fell 5% on Wednesday, despite crushing earnings estimates and reporting its highest same-store sales growth in more than two years. Analysts are pointing to the stock’s high valuation. In the last year, Chipotle has soared 81% to $788 per share, giving it a market value of $22 billion. The average …

As Chipotle’s stock slides, analysts ask if its valuation has peakedRead More