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Shares of cosmetics company e.l.f. Beauty (NYSE:ELF)
jumped 2.2% in the morning session after investment firm Piper Sandler initiated coverage on the stock with an optimistic "Overweight" rating and a $150 price target, alongside news of a new partnership with the Tottenham Hotspur Women's football team.
Shares of telehealth company Hims & Hers Health (NYSE:HIMS) jumped 4.9% in the morning session after it continued a rally from the previous day fueled by strong revenue guidance and supportive analyst actions.
Deutsche Bank analysts have raised concerns about the market cap of Nvidia Corporation (NASDAQ: NVDA), suggesting that it may be contributing to a potential bubble in the U.S. equities market.
Shares of cosmetics company e.l.f. Beauty (NYSE:ELF)
jumped 2.5% in the afternoon session after it experienced a technical rebound in the absence of fresh positive news and followed a recent analyst downgrade. The move counters sentiment from the previous day when Deutsche Bank lowered its rating on the stock from "Buy" to "Hold." The bank cited that the company's valuation left less room for upside after a sharp run-up in the stock, with shares up about 25% since early August. The analyst also noted that social media commentary around the makeup company has turned "increasingly critical in recent weeks." Despite the downgrade, Deutsche Bank did raise its price target on the shares to $128 from $121, indicating a belief in the long-term growth outlook, particularly with overseas expansion. However, with no new fundamental drivers, today's price action suggests investors may be looking past the recent ratings change.
Shares of cosmetics company e.l.f. Beauty (NYSE:ELF)
fell 1.6% in the morning session after Deutsche Bank downgraded the stock to 'Hold' from 'Buy'. The brokerage cited that social media commentary around the makeup company has turned "increasingly critical in recent weeks." Despite the lowered rating, the bank raised its price target on the shares to $128 from a previous $121. However, investors appeared to focus more on the downgrade. The negative sentiment reflects concerns that shifting consumer opinions online could present a headwind for the company's growth.
Constellation Brands now expects fiscal 2026 comparable earnings per share (EPS) between $11.30 and $11.60, compared with the prior forecast of $12.60 to $12.90.
Shares of cosmetics company e.l.f. Beauty (NYSE:ELF)
jumped 4.2% in the morning session after the stock continued to rally following a positive analyst outlook.
Xpeng’s five-year American journey has been marked by soaring IPO highs, sharp corrections, and steady delivery growth that’s kept it in the race with Nio and Li Auto, even as Tesla’s scale continues to tower over the sector.
The financial world is abuzz with anticipation as the Federal Reserve signals a strong likelihood of an interest rate cut in September 2025. This potential move, heavily influenced by recent remarks from Federal Reserve Chair Jerome Powell, has already sent ripples through global markets, sparking optimism among investors and prompting
