Barclays analyst Ryan MacWilliams upgraded Twilio Inc (TWLO) to Overweight from Equal Weight with an unchanged price target of $375, implying 36.5 percent upside. The analyst likes the stock setup in fiscal 2022 “on easier compares.” Twilio shares have approached a “more reasonable” valuation versus faster-growth peers since the Q3 earnings report, and investor concerns…
Barclays Raises 2022 Oil Price View on Faster Inventory Drawdown
November 25, 2021
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Barclaysbiden administrationBusiness & Economyeconomyenergy priceMarket WatchMarketsoil barreloil demandOil priceOPECUSUS News
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Barclays raised its 2022 oil price forecasts on Tuesday as it expects a faster-than-expected inventory drawdown and cautious supply response to offset a modest surplus next year. The bank raised its 2022 average price forecast by $3 to $80 and $77 per barrel for Brent and West Texas Intermediate (WTI) respectively. Oil prices fell on…
Barclays Subpoenaed by US Virgin Islands Over Epstein Ties
November 6, 2021
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BarclaysBusiness & EconomyCompaniesCrime and IncidentsJeffrey EpsteinJes StaleyLocal NewsNew YorkNY NewsRegional-Local NewsTiesUKUSUS NewsVirgin IslandsWorld
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NEW YORK—The U.S. Virgin Islands has asked British bank Barclays to hand over information related to the late convicted sex offender Jeffrey Epstein, the bank said on Friday. Barclays received a subpoena in the United States from the U.S. Virgin Islands in February, the bank confirmed. “Barclays has already provided its response to this subpoena…
NTD Business Full Broadcast (Nov. 1)
Barclays CEO stepping down, after British regulators investigate his ties to convicted sex offender Jeffrey Epstein. The White House giving federal contractors more flexibility in enforcing its vaccine mandate. But one trade group says, some companies may just stop doing business with the government instead. And manufacturing slows down across the nation, many businesses saying…
Barclays CEO Resigns Over Probe Into Ties to Jeffrey Epstein
Barclays CEO Jes Staley is stepping down from his role as head of the multinational banking group after British regulators announced preliminary conclusions of a probe into his ties to convicted sex offender and disgraced financier Jeffrey Epstein. In a Nov. 1 statement, Barclays said it was made aware on Oct. 29 of initial findings…
Barclays Third Quarter Profit Doubles Amid Global Merger Frenzy
LONDON—Barclays reported on Thursday a doubling of third-quarter profits, beating market expectations, as it followed Wall Street rivals in reaping bumper investment banking fees from a surge in advisory mandates and equities trading. The British bank posted profit before tax of 2 billion pounds ($2.8 billion) for the July-September period, better than the 1.6 billion…
Analysis: Was Barclays’ Disney Downgrade a Bad Call?
October 19, 2021
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BarclaysBusiness & EconomyCompaniesdowngradeEqual-WeightKannan VenkateshwarMarket WatchMarketsOverweightWalt Disney Co
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News that Barclays analyst Kannan Venkateshwar downgraded Walt Disney Co. from Overweight to Equal-Weight with a price target of $175, down from $210, caught many investors by surprise and caused the stock to sink by 3 percent in Monday’s trading. What Happened Venkateshwar said this downgrade was justified based on a perceived slowing of the…
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