Accenture, Darden Restaurants, FactSet and more

Accenture, Darden Restaurants, FactSet and more

Check out the companies making headlines before the bell: Accenture (ACN) – The consulting firm’s shares fell 3.3% in the premarket after its quarterly revenue beat forecasts but earnings were impacted by the cost of its Russia exit. Accenture raised its full-year revenue forecast but cut the top end of its projected earnings range due … Read more

Major bank earnings and a hot inflation report could impact markets in a short holiday week

Major bank earnings and a hot inflation report could impact markets in a short holiday week

A trader on the NYSE, March 11, 2022. Source: NYSE Markets will face what could be a hot inflation report over the next week and a series of gains from the major banks to kick off the earnings season. JPMorgan Chase and BlackRock will begin publishing their financial sector first quarter results on Wednesday, with … Read more

Rite Aid stock plummets. Why This Analyst Believes The Stock Could Drop As Much As $1.

Rite Aid stock plummets.  Why This Analyst Believes The Stock Could Drop As Much As .

Font size A person walks into a Rite Aid store Mario Tama/Getty Images Rite help Shares plunged Thursday after Deutsche Bank lowered its price target for the stock to a new low in Wall Street ahead of the pharmacy retailer’s earnings report next week. Shares fell 24.4% to $6.39 on Thursday. The stock has lost … Read more

Rite Aid shares plunge after Deutsche Bank cuts target to $1, warns of ‘dramatic negative inflection point’

Rite Aid shares plunge after Deutsche Bank cuts target to , warns of ‘dramatic negative inflection point’

Shares of Rite Aid Corp. plunged to a 2 1/2-year low on Thursday after Deutsche Bank analyst George Hill issued a dire warning that the drugstore chain’s equity could be worthless. Hill downgraded Rite Aid’s stock RAD, -24.23% to sell, after being on hold for the past two years. He lowered his price target from … Read more