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Art Cashin, a prominent Wall Street figure and UBS director of floor operations at the NYSE, has passed away at 83. Known for his insightful market commentary on CNBC for over 25 years and his popular newsletter, Cashin was a beloved personality in the financial community, remembered for his humor and expertise. His career spanned more than six decades, beginning in 1959, and he was a fixture at Bobby Van's Steakhouse, where he shared stories and market insights with friends.
UBS Group raised its target price for Truist Financial shares from $47 to $49, maintaining a "buy" rating, while Citigroup increased its target to $51 with a "neutral" rating. Truist Financial's stock has a consensus target price of $47.17, with 12 analysts rating it as a hold and 11 as a buy. The company recently reported earnings of $0.97 per share, exceeding expectations, and announced a quarterly dividend of $0.52 per share, reflecting a yield of 4.36%.
Lowe's Companies received mixed ratings from analysts, with target prices ranging from $270 to $305. While DA Davidson and JPMorgan Chase & Co. lowered their targets, Mizuho and Oppenheimer raised theirs, reflecting a "Moderate Buy" consensus among analysts. Institutional investors hold 74.06% of the stock, which recently opened at $273.19, down 0.5%.
Elevance Health (NYSE:ELV) reported Q3 earnings of $8.37 per share, missing estimates of $9.66, despite a revenue increase to $44.72 billion. The company announced a quarterly dividend of $1.63 per share, with a yield of 1.62%, and has a "Moderate Buy" rating from analysts, though some have downgraded their price targets.
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art cashin influential wall street figure and cnbc commentator dies at 83
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