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Revenues

TFII

YELL

BMO Capital Markets analyst Fadi Chamoun has reiterated the Market Perform rating on TFI International Inc. (TFII), raising the price target to $125 from $105. This is due to the potential restructuring of Yellow Corporation (YELL), which could result in lower industry capacity and freight diversion to other LTL networks. TFII is expected to benefit from this disruption, with potential valuation up to $150 in a YELL bankruptcy scenario. However, TFII's FY23 revenues are expected to fall 13.2% to $7.65 billion, with adjusted EPS slumping 17.6% to $6.61.

Portfolio Pulse from Nabaparna Bhattacharya

July 25, 2023 | 6:33 pm

WSO

Mizuho Securities analyst Brett Linzey initiated coverage on Watsco Inc (NYSE:WSO) with a Neutral rating and a price target of $360. Linzey believes WSO has a strong market position, including a large residential replacement market and a strong foothold in the Sunbelt region. He expects the company to continue gaining market share and invest in e-commerce and technology enhancement. However, he is cautious about potential adverse changes in weather, weak consumer confidence, and residential replacement cycling off-peak. Linzey expects revenues and adjusted EPS of $7.52 billion and $14.50 for 2023 and $7.85 billion and $15.00 for 2024, respectively.

Portfolio Pulse from Lekha Gupta

July 25, 2023 | 6:08 pm

TTD

Needham analyst Laura Martin has reiterated a Buy rating on The Trade Desk, Inc. (NASDAQ:TTD) and raised the price target to $100 from $80. TTD is the largest AdTech company under the analyst's coverage and is expected to benefit from the latest Generative AI trends. The company has been growing its revenues by more than 20% per year, and this trend is expected to continue through 2025. The analyst also praised TTD's strength in EBITDA margins, which have expanded from 32% in 2019 to 42% in 2022.

Portfolio Pulse from Nabaparna Bhattacharya

July 25, 2023 | 5:50 pm

FOUR

Mizuho Securities analyst Dan Dolev has initiated coverage on Shift4 Payments Inc (NYSE:FOUR) with a 'Buy' rating and a price target of $80. Dolev sees a potential for $150 billion in gateway-only volumes to be converted into end-to-end volumes at little additional cost, which could result in 4x better economics and an incremental gross profit contribution of 25-30bps. However, he assumes only 40% of this will be realized by 2025, driving an estimated incremental gross profit of $150-200 million. Dolev expects FOUR's revenue to reach $952 million in 2023 and $1.21 billion in 2024.

Portfolio Pulse from Lekha Gupta

July 25, 2023 | 4:35 pm

ABG

Asbury Automotive Group reported worse-than-expected Q2 revenue results, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 4:13 pm

CLF

Cleveland-Cliffs reported better-than-expected Q2 revenue results, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 4:09 pm

IPAR

Inter Parfums reported better-than-expected Q2 revenue results and raised its FY23 revenue guidance, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 4:03 pm

AMZN

MELI

MSFT

PYPL

UBER

PayPal Holdings Inc (NASDAQ:PYPL) has been focusing on increasing its operational efficiency with the help of AI, which has already improved the productivity of one of its code development teams by 30%. The company has also formed partnerships with Microsoft Corporation (NASDAQ:MSFT) and Amazon.com (NASDAQ:AMZN) to allow customers to pay in multiple ways. Despite slower revenue growth in 2022 due to post-pandemic crash, PayPal's revenue grew 9% in Q1 2023. The company is also an equity holder of Uber Technologies (NYSE:UBER) and Mercado Libre (NASDAQ:MELI).

Portfolio Pulse from Upwallstreet

July 25, 2023 | 1:55 pm

UL

Unilever reported a year-over-year increase in its first half earnings per share (EPS) and revenue, leading to a rise in its share price.

Portfolio Pulse from Bill Haddad

July 25, 2023 | 1:48 pm

MNSO

MINISO's new store in Times Square, New York, has broken the company's sales records for both first-day and first-month sales. The store recorded over 60,000 consumer visits in its inaugural month, approximately eight times higher than the average sales of the other nearly 80 stores in the United States. The success of the store reflects a significant growth of MINISO's profitability in the US market. The company attributes the remarkable sales performance to the popularity of its diverse range of products, including IP licensed products and original designs. MINISO plans to expand its presence to over 100 locations across the US by the end of 2023.

Portfolio Pulse from Happy Mohamed

July 25, 2023 | 1:12 pm