Category: Oppenheimer
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Oppenheimer sees more favorable setup for consumer staples stocks By Investing.com
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Oppenheimer analysts see a more favorable setup for consumer staples stocks as the market anticipates a rate cut from the Federal Reserve. “Fed easing has historically been positive for consumer staples stocks, and the group has generally outperformed during periods of low 10-year Treasury yields,” Oppenheimer wrote. Their analysis shows…
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Palo Alto Networks target raised by Oppenheimer on strong FY24 By Investing.com
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Oppenheimer saw its price target on Palo Alto Networks (NASDAQ:NASDAQ:) increase from $390.00 to $410.00, while the company maintained an outperform rating on the stock. This adjustment comes after Palo Alto Networks delivered a strong performance at the end of its fiscal 2024, beating estimates with strong platform sales. Palo…
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Gossamer Bio a new outperform at Oppenheimer on seralutinib for PAH
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George Clerk Oppenheimer launched Gossamer Bio into an outperformance expressing optimism about seralutinib, an inhaled tyrosine kinase inhibitor for the treatment of pulmonary arterial hypertension (PAH). The company has a price target of $9 (~984% upside based on June 24 close). Analyst Andreas Argyrides said that the safety of the…
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Modine stock upgraded by Oppenheimer on growth drivers By Investing.com
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On Thursday, Oppenheimer maintained an outperform rating on Modine Manufacturing (NYSE:) stock and increased its price target to $110 from $105. The revision follows Modine’s mixed Q4 FY2024 results and FY2025 guidance compared to consensus expectations. Despite early trading lows on Wednesday, the company’s shares rose due to several factors…