In addition to a third-quarter miss, Deutsche Bank sees “meaningful downside risk” to Tesla ‘s 2024 consensus expectations due to limited volume growth next year. Analyst Emmanuel Rosner cut his price target on the stock by $15 to $285, which suggests shares can gain 16.7% from Tuesday’s closing price. He maintained his buy rating, however.…

The Levi Strauss & Co. label is seen on jeans in a store at the Woodbury Common Premium Outlets in Central Valley, New York, U.S., February 15, 2022.  Andrew Kelly | Reuters Check out the companies making headlines in premarket trading. Sirius XM — Shares of the media company fell roughly 2% in premarket trading.…

The Binance logo is displayed on a screen in San Anselmo, California, June 6, 2023. Justin Sullivan | Getty Images Cryptocurrency exchange Binance said on Wednesday it will sell its Russia business to newly-launched exchange CommEX, becoming the latest company to pull out of Moscow since the country began its war against Ukraine. Binance, the…

Toymaker Mattel can shine even as the environment for consumer companies looks shaky, according to Morgan Stanley. Analyst Megan Alexander initiated Mattel with an overweight rating, calling it a top pick, and assigned the the stock a price target of $27. That suggests the stock could gain 27.2% over the next 12 months. Alexander noted…

Washington, D.C. – March 17, 2023: President Joe Biden and House Speaker Kevin McCarthy speak outside the Annual Friends of Ireland Luncheon at the U.S. Capitol. Drew Angerer | Getty Images News | Getty Images The U.S. is in a weaker position now than when S&P downgraded its sovereign credit rating in 2011, according to…

Market Movers rounded up the latest reactions on Amazon from investors and analysts. The pros discussed the e-commerce giant as the Federal Trade Commission announced it was suing the company on antitrust charges. Amazon is accused of illegally maintaining “monopoly power” to artificially raise prices, degrade quality for shoppers and stifle competition. Amazon’s stock closed…

A customer uses an ATM at a Wells Fargo Bank in San Bruno, California, on April 14, 2023. Justin Sullivan | Getty Images Check out the companies making headlines in midday trading. Cintas — Shares fell 4.8% after the company reported its 2024 fiscal first-quarter earnings. The corporate apparel company posted $3.70 in earnings per…

Neel Kashkari, President and CEO of the Federal Reserve Bank of Minneapolis, attends an interview with Reuters in New York City, New York, U.S., May 22, 2023.  Mike Segar | Reuters Minneapolis Federal Reserve President Neel Kashkari thinks there’s nearly a 50-50 chance that interest rates will need to move significantly higher to bring down…

Signage outside a Chase bank branch in San Francisco, California, on Monday, July 12, 2021. David Paul Morris | Bloomberg | Getty Images Chase UK, the British challenger bank brand of JPMorgan, has blocked customers in the U.K. from purchasing crypto assets. The company said in a statement Tuesday that, starting Oct. 16, Chase UK…

Although bank stock investors are wading through a period of uncertainty and jittery sentiment, Oppenheimer has a positive outlook on certain stocks. “Fortunately, the fundamentals are generally still stable and generally favorable,” Oppenheimer analyst Chris Kotowski said in a Tuesday note about the U.S. banking industry. “Asset quality is normalizing but remains excellent, fees and…