The Latest Breaking News from Wolfe Research

Wolfe Research analyst Alex Zukin initiated coverage of Snowflake (NYSE:SNOW) with an Outperform rating and a $250 price target.  The price target implies a 33.8% upside. Zukin saw the potential for Snowflake "to become the 4th hyperscaler" after Amazon.com Inc (NASDAQ:AMZN), Amazon Web Services, Microsoft Corp's (NASDAQ:MSFT) Azure, and Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) Google's Cloud. Zukin saw Snowflake growing…

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Wolfe Research downgraded its rating of Kinder Morgan (NYSE:KMI) to Underperform with a price target of $18.00, changing its price target from $17.00 to $18.00. Shares of Kinder Morgan are trading down 1.08% over the last 24 hours, at $19.27 per share.

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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…

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…

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

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.