Since mid-October, a potentially troubling technical pattern has been developing on the chart of BlackBerry Ltd BBRY 0.79%. A look at a six-month chart of the stock reveals the recognizable bearish “head and shoulders” technical formation that has materialized in the past few weeks. A Bounce-Back 2014 The story of BlackBerry (formerly Research in Motion) is no…
Analysts at Barrington Research on Monday initiated coverage of The Providence Service Corporation PRSC 0.05% by issuing an Outperform rating on the stock and setting a price target of $49. Providence provides home and community-based social service transportation for children. The Numbers Barrington analyst Michael Petusky expects that the human services segment will see margin improvements in upcoming years, and…
According to a recent report, Morgan Stanley analysts believe 2015 and 2016 could be big years for U.S. rail companies Union Pacific Corp UNP 3.44%, CSX Corp CSX 0.81%, and Norfolk Southern Corp NSC 3.54%. Analysts see tight capacity, increasing truck pricing, and inflation as driving forces behind a projected doubling of rail core price growth in 2015.
A recent report by Morgan Stanley looked at the future of eCommerce and what to expect from a growth perspective in the years to come. Analysts predict robust 19 percent growth in the eCommerce space over the next five years due to a litany of positive factors.
A recent Morgan Stanley report offered some insight into what analysts believe Citigroup Inc C 3.15%‘s capital return plan will be in 2015. After an embarrassing rejection of its plan by the Federal Reserve in 2014, the analysis indicates Citigroup could be well-positioned to institute aggressive share buyback and dividend programs next year.
A recent report by Morgan Stanley includes a dreary forecast for farming equipment manufacturers. Analyst Nicole DeBlase predicts below-consensus earnings for industry leaders in 2015 and further declines in 2016. The report identifies five factors putting pressure on agriculture equipment manufacturing in the next two years.
The world of advertising is in the process of a major overhaul. A recent Morgan Stanley report lays out what analysts believe to be the future landscape of the advertising industry. Mobile Is Taking Over Morgan Stanley believes that mobile advertising will account for 60 percent of total online advertising by 2020. Analyst Benjamin Swinburne explains that…
A recent Morgan Stanley report presented analysts’ case for why they believe that generic drug prices will be on the rise in the near future. Reasons for generic drug price inflation include increased FDA regulatory obstacles, consolidation of generic drug producers, and increasing complexity of generic drug production.
Bank of America Corp BAC 3.23% stock has done well in the past six months, surging about 13.5 percent. However, unlike most big names in the financial sector, Bank of America hasn’t made any new 52-week highs since March. A Good Start To The Year Everything was looking rosy for Bank of America in the early months of…
A recent report by Morgan Stanley predicts a greater than 40 percent growth in the Hepatitis C (HCV) market in 2015. Projections indicate that the HCV market could be worth $15 billion in upcoming years, with two-thirds of treatment occurring in the United States. HCV Forerunners Gilead And AbbVie Morgan Stanley projects that Gilead Sciences, Inc.’s GILD 1.93% Harvoni and Sovaldi and AbbVie…