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Analysts Shift Gears On New Relic Post-Acquisition: From Outperform To Neutral Ratings And Revised Price Targets

Benzinga

Analysts have mixed reactions to New Relic Inc (NYSE: NEWR ) acquisition by Francisco Partners and TPG Inc (NASDAQ: TPG ). RBC Capital Markets analyst Rishi Jaluria downgraded New Relic to Sector Perform from Outperform at a reduced rating of $87 from $95. The analyst slightly revised estimates for revenues and EPS to $1.025.7

Equity 52
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The Rise of “Sell-Side Activism”: Why It’s Happening and How to Respond

Harvard Corporate Governance

They may be more surprised to hear about an emerging trend: an increase in so-called “sell-side activism” in which a company’s sell-side analysts advocate directly for change. These letters go beyond a traditional “sell” rating, instead advocating for specific, sometimes wholesale, changes at the company.

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ESG Ratings: A Compass without Direction

Harvard Corporate Governance

ESG ratings are intended to provide information to market participants (investors, analysts, and corporate managers) about the relation between corporations and non-investor stakeholders interests. Recently, ESG ratings providers have come under scrutiny over concerns of the reliability of their assessments.

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Chesapeake Energy's Strategic Merger with Southwestern Energy Wins Analyst Endorsement: Upgraded Ratings and Anticipated Market Dominance

Benzinga

Mizuho: Analyst Nitin Kumar upgraded CHK to Buy (from Neutral) at an increased price target of $104 (from $96). The analyst expects the much-anticipated merger between CHK and SWN to create a U.S. shale gas powerhouse (~7.9 bcfe/ d production) and generate.

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Uber Could Be Brewing A Plan To Enter Grocery Sector: Instacart Stock Spikes On Acquisition Whispers

Benzinga

Uber Technologies Inc (NYSE: UBER ) is reportedly considering the acquisition of grocery delivery company Instacart, according to a recent analyst report. Mathivanan upgraded Instacart’s rating from Peer Perform to Outperform, setting a target price of $35. This led to a 6.7% increase in the stock price, which reached $25.48.

EBITDA 98
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Google And Apple's Potential AI Partnership Sparks Analyst Optimism, Could Reinforce Google's Leadership in AI Technology

Benzinga

BofA analyst Justin Post reiterated a Buy rating on Alphabet Inc (NASDAQ: GOOG ) (NASDAQ: GOOGL ) Google with a price target of $173. According to reports , Apple Inc (NASDAQ: AAPL ) is discussing licensing the Gemini AI platform with Google for integration into the forthcoming iOS 18 software update.

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3 Catalysts To Drive Growth At Cisco: $28B Splunk Deal Offers 'Great Synergies,' Analyst Says

Benzinga

The Cisco Systems Analyst: Tal Liani upgraded the rating for Cisco Systems from Neutral to Buy, while raising the price target from $55 to $60. However, the current estimates are “adequately low” and growth could accelerate from 2025 onwards, according to BofA Securities.