Menu

Meta, JPMorgan, West Pharmaceutical And More: CNBC’s ‘Final Trades’

Avi Kapoor 4 weeks ago

MarketsMediaTrading IdeasLong IdeasNews

CNBC traders picked WST, JPM, META and IYE; analysts raised WST and META targets, while JPM missed Q3 earnings and revenue estimates.

On CNBC’s “Halftime Report Final Trades,” Joseph M. Terranova, senior managing director for Virtus Investment Partners, said he likes West Pharmaceutical Services, Inc. (NYSE:WST).

Supporting his view, TD Cowen analyst Brendan Smith, on Tuesday, maintained West Pharmaceutical with a Buy rating and raised the price target from $410 to $420.

Joshua Brown, co-founder and CEO of Ritholtz Wealth Management, picked JPMorgan Chase & Co. (NYSE:JPM).

On the earnings front, JPMorgan, on Tuesday, reported weaker-than-expected third-quarter earnings and revenue. JPMorgan reported adjusted earnings of $5.75 per share, missing the consensus estimate of $5.90. Managed revenue rose 8% year over year to $50.91 billion, below analysts’ expectations of $51.26 billion.

Don’t forget to check out our premarket coverage here

Rob Sechan, CEO of NewEdge Wealth, named Meta Platforms, Inc. (NASDAQ:META) as his final trade.

Lending support to his choice, Truist Securities analyst Youssef Squali, on Tuesday, maintained Meta with a Buy and raised the price target from $763 to $1,000, while Pivotal Research analyst Jeffrey Wlodarczak maintained the stock with a Buy and boosted the price target from $790 to $930.

Shannon Saccocia, Neuberger, recommended iShares U.S. Energy ETF (NYSE:IYE).

Price Action:

  • West Pharmaceutical shares gained 1.2% to close at $371.82 on Tuesday.
  • JPMorgan fell 0.9% to settle at $331.43 on Tuesday.
  • Meta shares rose 2.6% to close at $762.50 during the session.
  • iShares U.S. Energy ETF gained 1.9% on Tuesday.

Photo via Shutterstock

Read the original