TD Cowen News & Analysis
4 articles
Market Mood
NVIDIA (NVDA) Reports Earnings, Target Price Raised by TD Cowen
NVIDIA Corporation (NVDA) reported its earnings on May 20, 2026. Following the report, shares declined by 1.43% by the afternoon of May 21. TD Cowen raised its price target for NVDA from $235 to $275 on May 15 while maintaining a Buy rating. Jim Cramer noted that NVIDIA is facing competition from custom AI chips and suggested the company needs to address its market strategy to reassure investors.
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Microsoft (MSFT) Buy Rating Reaffirmed, Azure Growth Highlights
TD Cowen has reiterated its Buy rating on Microsoft (MSFT), citing significant growth in Azure services. This endorsement is crucial as Azure contributes a substantial portion to Microsoft's cloud business revenues. The reaffirmation of their rating suggests confidence in continued market performance for MSFT amidst increasing competition in the cloud sector. Azure's growth could play a vital role in driving MSFT's stock performance in the upcoming quarters.
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ARC Resources (ARX) Rating Downgrade Post Shell Acquisition Announcement
TD Cowen has downgraded ARC Resources (ARX) following Shell's announced acquisition. The downgrade reflects concerns regarding potential impacts on ARC's operational focus and market position. Market reactions may influence trading volumes and investor sentiment as the acquisition progresses. Monitoring the developments surrounding the acquisition will be essential for future evaluations of ARC's stock performance.
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Constellation Brands (STZ) Upgraded by TD Cowen to Buy, Price Target $190
TD Cowen upgraded Constellation Brands (STZ) from Hold to Buy, increasing the price target to $190 from $142. Despite shares declining by about 1% early in trading, the company’s beer guidance for fiscal 2027 includes a conservative estimate of -1% to +1% net sales growth. Year-to-date, STZ shares are up about 21%, following a 9% surge after the April 8 earnings release. The upgrade reflects expectations of improved performance driven by emerging brands and potential boosts from the upcoming World Cup.
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