Top Wall Street Banks Rake In ECM Revenue as IPO Volume Recovers
  • January 21, 2025

Top Wall Street Banks Rake In ECM Revenue as IPO Volume Recovers

(Bloomberg) -- Wall Street’s biggest banks anticipate there’s more to come from the boom in equity deal activity seen through the end of 2024, after clocking a sharp rise in their underwriting revenue.Most Read from BloombergTexas HOA Charged With Discrimination for Banning Section 8 RentersHow Sanctuary Cities Are Preparing for Another Showdown With TrumpWhat LA’s Fires Mean for the City’s Housing ShortageDeadly Landslide of Garbage Displays Uganda's Missed OpportunityNY’s Hochul Calls for Law

Qorvo Could Achieve $9.63 EPS By 2026 With Activist Involvement, Morgan Stanley Upgrades Stock
  • January 21, 2025

Qorvo Could Achieve $9.63 EPS By 2026 With Activist Involvement, Morgan Stanley Upgrades Stock

Morgan Stanley analyst Joseph Moore upgraded Qorvo, Inc. (NASDAQ:QRVO) to Overweight from Equal-Weight, raising the price forecast to $106 from $90. Moore notes that he has seen value in Qorvo stock and attempted to capture it through upgrades, but the results have been only modest. The analyst also highlighted challenges in the radio frequency space, particularly with pressure on the Chinese business, which increases concentration in other areas. Per Moore, while the radio frequency market serv