Companies to Watch: mixed quarter at Sanofi, Starbucks downgraded, concerns for PayPal
Here are the companies Yahoo Finance is watching today.
A mixed quarter at pharma giant Sanofi (Sdollar charge after a blockbuster hemophilia treatment fell short. Still the CEO says they remain "confident in the growth outlook for the year."
New caution for investors in Starbucks (SBUX) after its blowout quarter. JPMorgan has downgraded the stock to Neutral and set a $91 price target. Analysts there called the stock's current valuation "beyond a stretch." Baird has also downgraded the stock to Neutral but set a $98 dollar price target.
PayPal (PYPL) is also getting a rare downgrade. Analysts at Guggenheim have cut the stock to a Sell saying 2020 could be a tough year for the company. They say Brexit, regulatory changes and losing a deal with eBay could all weigh on PayPal's results. Guggenheim's price target for PayPal is now $104 a share.
Video streaming is coming to your Tesla (TSLA). Elon Musk says his line-up of electric cars will soon be able to stream video from Netflix (NFLX) and YouTube (GOOGL). Previously Tesla unveiled games that drivers can play when the car is parked, but there’s not yet a timeline for when the steaming services will be available.
Disney (DIS) is on a hot streak. The entertainment company has already set the record for the highest-grossing year for a studio ever, and there are still five months left in 2019. Since January, Disney has brought in $7.67 billion at the worldwide box office, thanks to films like Avengers: Endgame, Aladdin, Captain Marvel and The Lion King.
