Broadcom Stock Faces Valuation Test as Fiscal Q3 Earnings Approach
Broadcom stock is in the spotlight as it prepares to publish its financial results. Here's what to expect when the numbers come out
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BMO Capital Maintains Market Perform on Evercore, Lowers Price Target to $338
BMO Capital analyst Brennan Hawken maintains Evercore (NYSE:EVR) with a Market Perform and lowers the price target from $390 to $338.
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U.S. Treasury Secretary Scott Bessent's Plan to Calm the Bond Market Could Have Unintended Consequences for Fed Chair Kevin Warsh
Treasury Secretary Scott Bessent announced an expansion of the Treasury's bond repurchase program from $2 billion to at least $4 billion of longer-dated bonds to ease long-term yields. However, this move could undermine Fed Chair Kevin Warsh's hawkish stance on inflation control, potentially creating confusion about whether the Treasury or Fed is driving monetary policy. The expanded program may weaken the dollar and lead to higher inflation, while also making it difficult for Warsh to justify raising interest rates.
UBS Maintains Neutral on Evercore, Raises Price Target to $359