The Latest Breaking News from Raymond James

A whale with a lot of money to spend has taken a noticeably bullish stance on United Parcel Service. Looking at options history for United Parcel Service (NYSE:UPS) we detected 17 strange trades.

 

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Raymond James analyst Simon Leopold downgraded VMware, Inc (NYSE:VMW) from Outperform to Market Perform. The re-rating reflects the expiry of the "Go Shop" period with no other bidders. He expects Broadcom Inc (NASDAQ:AVGO) deal to win approval but will take about a year to close. Leopold views Broadcom's bid of $61 billion, or $142.50 per share…

Raymond James analyst Brian Gesuale initiated coverage of Symbotic Inc. (NASDAQ:SYM), an automation technology company, at Outperform, with a price target of $18, implying an upside of 23%. Symbotic developed an AI software platform and proprietary hardware to provide an end-to-end automation solution for large warehouse and distribution centers. Walmart Inc (NYSE:WMT) is Symbotic’s strategic…

Earlier this week, Raymond James attended Haemonetics Corp's (NYSE:HAE) Investor Day, where the management team presented a new Long-Range Plan (LRP), including some upside on the profitability, outlining each business unit's positioning and pipeline.  According to the analysts, the plan implies an upside to expectations, despite some conservatism and back-end weight. Raymond James rolled…

Raymond James analysts Olivia Tong and Devin Weinstein have upgraded Ulta Beauty Inc (NASDAQ:ULTA) to Strong Buy from Outperform and raised the price target to $485 from $475, implying a 24% upside. The analysts believe the company has good prospects compared to its competitors amidst the volatile macro backdrop. They cited the high household income…

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FedEx Corporation (NYSE: FDX) shares traded higher by 7% on Friday after the conglomerate reported fiscal fourth-quarter earnings that were better than analysts had feared.