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The Latest Breaking News from Wolfe Research

Benzinga's Top Ratings Upgrades, Downgrades For April 5, 2022

Analysts Slash Their PTs On Oracle As They Did Not Buy Its Growth Story

Analysts Slash Their PTs On Oracle As They Did Not Buy Its Growth Story

Analysts slashed their price targets on Oracle Corp (NYSE:ORCL) post Q3 results. Piper Sandler analyst Brent Bracelin downgraded to Underweight from Neutral with a PT of $70 (8.7% downside), down from $100. Bracelin found it challenging to reach double-digit organic growth next year, sustaining a cloud shift considering more than 70% of revenue came from the…

This Tesla Competitor Targets 10% EV Market Share By 2030

This Tesla Competitor Targets 10% EV Market Share By 2030

Amazon.com Inc (NASDAQ:AMZN) backed Rivian Automotive Inc (NASDAQ:RIVN) is "making progress" in raising EV production at its Normal, Illinois, assembly plant, CEO R.J. Scaringe said, Reuters reports from Wolfe Research conference. The Tesla Inc (NASDAQ:TSLA) competitor aims to win a 10% share in the EV market by 2030. Scaringe said Rivian had replaced some chipsets in certain…

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Rivian "Absolutely Making Progress" On Production Ramp-Up: CEO

Talking at Wolfe Research conference, Rivian CEO RJ Scaringe said the plant in Normal, Illinois "is starting to ramp nicely."

Analyst Sees Downside Ahead For United: Should Traders Buy This Rival Airline Stock Instead?

United Airlines Holdings Inc (NASDAQ: UAL) is moving higher with the rest of the airlines Tuesday as slowing COVID-19 cases add to reopening optimism. Wolfe Research assumed coverage on the airlines today, but the analyst firm highlighted United as the laggard of the group.

Benzinga's Top Ratings Upgrades, Downgrades For January 21, 2022

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