The bank initiated coverage of the food and beverage stock with an outperform rating.
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Thursday’s big stock stories: What’s likely to move the market in the next trading session
The Dow slid more than 600 points after the Federal Reserve raised rates for the first time since 2023. Tune in to CNBC for Stephen Curry on Thursday.
Investors react to Fed hike and market sell-off: Brace for ‘higher for longer’ rates
The 12-0 decision to raise rates Wednesday signaled to investors that the Fed is now in complete alignment in tackling inflation.
Jeff Gundlach says the Fed should have hiked rates by more to fight rising inflation
The Fed should have hiked rates by half percentage point rather than a quarter, the investor told CNBC.
Now that the Fed raised rates, where to score the best yields on your cash
From money market funds to Treasury bills, where experts are stashing their cash — and some of the yields they’re finding.
Intel is leading chip gains. A top analyst sees the stock hitting $200 in two years
Intel could hit as much as $200 per share in two years as it continues to strike lucrative deals with top chipmakers, per Melius Research.
Hyperscaler debt signals warning sign, Apollo cautions
Credit default swaps for companies building data centers are getting pricier, and it’s not because banks are hedging more of their bets.
Growth stocks are still attractive compared to value even as rates rise, charts show
Todd Gordon breaks down the technical outlooks for growth and value stocks ahead of the key Fed decision.
The Fed is expected to raise rates. There’s a bearish trade to be made on this homebuilder
Tony Zhang breaks down how he’s trading this homebuilder stock.
Bizarre volatility bet in the options pits is a head scratcher ahead of Fed rate decision
The biggest trade in options on the Cboe VIX Index Tuesday was an unusual $6 million purchase of deep, deep in-the-money-puts.