All the market-moving Wall Street chatter from Thursday

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All the market-moving Wall Street chatter from Thursday

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due to weakness in China. The company also said its CEO will leave the company in 2025. According to Wolfmeyer, China estimates appear “reasonable” although uncertainties linger. She also highlighted stride in Estee Lauder’s efforts to regain share in Western markets, adding that investors should view the CEO transition as a positive. “Now, we do acknowledge shares could stay largely unchanged until we receive that new CEO announcement and get more visibility into 2H, but with our 12-month view, the downside looks limited, and the risk/reward looks increasingly favorable,” she added. Wolfmeyer upped her price target to $114 from $95 a share, reflecting about 25% upside from Wednesday’s close. Shares rose 2% before the bell but have slumped more than 37% this year. EL YTD mountain EL year to date — Samantha Subin 5:43 a.m.: KeyBanc bullish on Nvidia ahead of earnings KeyBanc isn’t worried about a delay to Nvidia’s Blackwell chips ahead of earnings. “Supply chain feedback is indicating performance issues, and a resulting chip respin with the Blackwell tile is resulting in a one-quarter delay but is not expected to have any impact to near-term results and guidance,” analyst John Vinh wrote. “We believe modest expectations for Blackwell shipments in FQ3 have been backfilled with higher Hopper bookings. We expect NVDA to report beat/raise results, in which upside will be driven by strong demand for Hopper GPUs,” he added. Vinh reiterated his overweight rating on Nvidia and a price target of $180, which implies upside of 40% from Wednesday’s close. Nvidia is set to report earnings Aug. 28. Shares are up nearly 160% in 2024. NVDA YTD mountain NVDA year to date — Fred Imbert

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