The Latest Breaking News from Baird

Analysts boosted their price targets on Broadcom Inc (NASDAQ:AVGO) post Q1 FY22 results. Baird analyst Tristan Gerra raised the price target on Broadcom from $690 to $700 (21% upside) and kept an Outperform.  The analyst said strong demand continues and will likely accelerate year-over-year this quarter, driven by enterprise IT, hyper-scale and cloud, switches upgrades…

Analysts lowered their price target on Domino's Pizza Inc (NYSE:DPZ) following the company's Q4 results. Citi analyst Sergio Matsumoto lowered the price target to $480 (18% upside) from $540 and kept a Neutral rating on the shares. The analyst cited forecast decreases and market conditions for the reduced price target. Barclays analyst Jeffrey Bernstein lowered…

Analysts mainly slashed their price targets on Pinterest Inc (NYSE:PINS) post Q4 results. BofA analyst Justin Post lowered the price target on Pinterest to $46 from $57 (87.7% upside) and kept a Neutral rating on the shares.  While the company reported better than expected revenue and adjusted EBITDA, users are "still under pressure," said Post, who…

Wells Fargo analyst Matthew Akers lowered L3Harris Technologies Inc's (NYSE:LHX) price target to $240 (an upside of 15%) from $254 and maintained an Overweight rating on the shares.  Akers notes the stock trades at a discount to its defense peers despite his belief that it is a portfolio well-matched to Department of Defense spending priorities…

Baird cut the price target on Tabula Rasa HealthCare, Inc. (NASDAQ: TRHC) from $24 to $11. Tabula Rasa HealthCare shares fell 2% to $10.57 in pre-market trading.

RBC Capital analyst Ashish Sabadra upgraded Equifax Inc. (NYSE:EFX) to Outperform from Sector Perform and raised the price target to $300 (an upside of 25%), from $294. The analyst notes that the company's mortgage exposure has now been baked into investor expectations following the stock's relative underperformance compared to peers. Related: Baird Upgrades Equifax, Views Current…

Analysts mostly hailed Visa Inc's (NYSE:V) Q1 FY22 results by raising their price targets on the stock. Raymond James analyst John Davis raised the price target to $281 from $265 (36.3% upside) and maintained an Outperform.  Visa's Q1 print included better than expected results across the board as well as an increased FY22 outlook that should send…

Baird analyst Jeffrey Meuler upgraded Equifax Inc. (NYSE:EFX) to Outperform from Neutral and lowered the price target to $281 (an upside of 25%), from $290. The analyst cites the company's "exceptional" employment/income verification business, a "very good business" as one of three global credit bureaus and its modernized tech stack. Meuler mentions the cyclical outlook…