GrubHub (GRUB) stock is facing pressure in online food delivery from rivals led by ride-summoning service Uber, which recently began highlighting its big push into food delivery with a new look on its app. The UberEats app had been buried at the bottom of the site. But starting last week, UberEats is listed prominently next to Uber’s car summoning icon, the latest salvo in the app-based food delivery service wars, wrote Cowen & Co. analyst Kevin
Tesla Motors (TSLA) supplier Mobileye (MBLY) hit an all-time high in the stock market today after Morgan Stanley boosted its price target on the developer of technology for camera-based driver assistance systems from 68 to 80. The analysts also reiterated their outperform rating on Mobileye. Shares were up 5.3% in fast trade after earlier touching an intraday high. The stock has risen nearly 30% since breaking out of a cup-with-handle base in
Apple (AAPL) iPhone unit sales are likely to decline for the first time ever in fiscal 2016, but investors shouldn’t get too hung up about it, Pacific Crest Securities analyst Andy Hargreaves says. Apple stock could remain under near-term pressure because of the potential for iPhone unit sales declines in fiscal 2016, which starts Sept. 27, Hargreaves said in a research report Sunday. But customer loyalty to the iOS platform “should ensure a fairly quick return to growth and sustained (free cash flow) production for several years,” he said. Hargreaves estimates a 12-month fair value price for Apple stock as 139. Apple shares were up 1%, near 117, in afternoon trading in the