Wall Street research firm Cowen lowered its price target on Tesla from $200 to $180 on Friday, saying data suggests deliveries during the quarter could fall below expectations, even with Tesla’s “typical end of quarter frantic push.” Analyst Jeff Osborne is lowering his Model 3 delivery forecast from 55,000 to 47,500 and his Model S
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So close, and yet so far. That sums up the state of the markets recently, with investors jittery over the sudden chill surrounding U.S.-China relations. In an about-face on the trade dispute, President Trump conceded that tariffs on Chinese goods may remain for a “substantial period of time.” Simultaneously, this hurts the broader markets but
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Disney’s (NYSE:DIS) acquisition of 21st Century Fox closed on Mar. 19 at 9 p.m. Disney stock dropped the next day, and the one after that as investors chose ambivalence over irrational exuberance. Source: Shutterstock CEO Bob Iger was more subdued about Disney’s $71 billion acquisition that makes it one of the biggest content creators on
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Dual-class stocks to buy are in the news again. Lyft, the ride-hailing app, is looking to go public. On March 18, the company filed an amended preliminary prospectus with the SEC that suggests it will offer almost 31 million of its Class A shares between $62 and $68 a share, valuing it at $23 billion or
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Check out the companies making headlines midday Friday: Tiffany — Shares of Tiffany rose 3.41 percent after the jewelry retailer reported mixed fourth-quarter results. The retailer reported earnings of $1.67, 7 cents higher than expected, and revenues of $1.321 billion, missing estimates by $11 million. Tiffany also reported a 1 percent drop in worldwide sales,
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