UBS Maintains Neutral on Cracker Barrel Old, Raises Price Target to $46
UBS analyst Dennis Geiger maintains Cracker Barrel Old (NASDAQ:CBRL) with a Neutral and raises the price target from $37 to $46.
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US stock futures up, focus on GM, Cracker Barrel, 3M earnings. STLD reports mixed results, NOC expected to release earnings.
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UBS analyst Dennis Geiger maintains Cracker Barrel Old (NASDAQ:CBRL) with a Neutral and raises the price target from $37 to $46.
Cracker Barrel expects Q4 earnings and revenue declines; its $1 annual dividend requires 6,000 shares (~$262,560) for $500 monthly income.
Cracker Barrel expects Q4 EPS to fall to 16 cents, with revenue declining to $845.6M; new CEO David Deno takes over as analysts remain mixed.
General Motors and Ford are entering the defense business to diversify revenue and improve profit margins. GM Defense is expected to generate nearly $700 million in revenue this year with a projected 30%+ compound annual growth rate and 12-15% operating margins, significantly higher than traditional automotive margins. This strategic pivot aims to change investor perception of automakers as low-margin businesses.
General Motors (GM) closed at $83.95, up 2.13% in the latest session, outperforming the S&P 500's 1.49% gain. However, the stock has declined 6.52% over the past month. The company is expected to report Q3 EPS of $3.41 (up 21.79% YoY) with revenue of $48.42 billion (down 0.35% YoY). GM trades at a Forward P/E of 6.13, significantly below the industry average of 16.81, and carries a Zacks Rank of #3 (Hold).