The FTSE 100 Index pulled back this week as the US-Iran war continued and after the UK published a hot consumer inflation report. It dropped to £10,365 from this month's high of £10,687.
Barclays held its Equal Weight rating on Tesla (NASDAQ:TSLA | TSLA Price Prediction) stock with a $360 price target following the company's first-quarter report.
The FTSE 100 Index pulled back for three consecutive days as companies exposed to the ongoing US-Iran war slipped and as the UK published a strong inflation report. It also dropped as market participants waited for the upcoming UK corporate earnings.
Qualcomm (NASDAQ:QCOM | QCOM Price Prediction) drew a fresh bearish call from Barclays, which reinstated coverage with an Underweight rating and a $130 price target on Wednesday.
Seagate Technology (NASDAQ:STX | STX Price Prediction) stock just earned a vote of confidence from Barclays, with analyst Tom O'Malley upgrading the stock to Overweight from Equal Weight and raising his price target to $625 from $425.
Eagle Global Advisors LLC grew its holdings in shares of Barclays PLC (NYSE: BCS) by 71.9% during the undefined quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 253,653 shares of the financial services provider's stock after buying an additional 106,133 shares during the quarter. Eagle Global Advisors
Hertz Global Holdings (NASDAQ:HTZ) stock is down 9% in midday trading on Tuesday, sliding from $7.81 to $7.11.
Barclays is moving ahead with its plans in Saudi Arabia, despite the war in Iran, Barclays Group Chief Executive C.S. Venkatakrishnan said Thursday (April 16).
Alibaba (NYSE:BABA | BABA Price Prediction) stock is drawing renewed Wall Street attention after Barclays trimmed its price target to $186 from $190 while maintaining an Overweight rating on the shares.
Barclays has picked out IAG and Ryanair as its preferred names in Europe's airline sector and argued that elevated fuel costs are doing more than squeezing margins. They are beginning to redraw the competitive map.
Marvell Technology (NASDAQ:MRVL | MRVL Price Prediction) stock got a fresh vote of confidence on Thursday when Barclays raised its rating to Overweight, signaling that the firm sees meaningful runway ahead for one of the semiconductor sector's most AI-exposed names.
Coinbase Global (NASDAQ:COIN | COIN Price Prediction) stock received an Underweight rating from Barclays on Wednesday as the firm initiated coverage with a $140 price target.