Top Analyst Upgrades and Downgrades (KAVL,CZR,PLUG,BBY,BA)
Bank of America downgraded Caesars Entertainment, Inc. (NASDAQ:CZR) and Penn Entertainment, Inc. (NASDAQ:PENN) gaming industry faces a growth slowdown. Caesars and Penn shares have plummeted 44% and 32% this year, respectively, with Bank of America’s fresh targets suggesting a modest upside for both stocks from Tuesday’s close. Bank of America downgrades Best Buy (NYSE:BBY), says stock could fall nearly 20% as inflation hurts spending.
Analyst Manav Gupta initiated coverage of the hydrogen fuel cell maker Plug Power Inc. (NASDAQ:PLUG)
a buy rating and $26 price target, suggesting shares can jump more than 84% from Tuesday’s close, driven in part by Plug’s competitive green hydrogen offering. A resurgence in air travel, and the need for new aircraft to meet growing demand, should benefit The Boeing Company (NYSE:BA) the new year, according to Goldman Sachs.
We would also like to drive your attention toward Kaival Brands Innovations Group (NASDAQ:KAVL).
On Dec 7th, Kaival Brands Innovations Group, Inc. KAVL announced that Kaival Marking Services (“KMS”), the third-party vendor responsible for executing Kaival Brands’ marketing and sales strategies, has hired Dean Simmons, a former Vice President of Sales of Swisher International, in preparation for an expected resurgence of revenue growth following a pivotal legal victory for Bidi Vapor this past summer. Eric Mosser, President and Chief Operating Officer of Kaival Brands, stated, “We applaud KMS on strengthening their robust and accomplished marketing and sales team by securing top talent in the industry. KMS’s hiring of Mr. Simmons brings Kaival Brands more ability to rapidly grow sales, so we look forward to all that Dean will achieve towards the goals set before KMS and contribute to our overall success.”“Adding Dean will allow KMS to maximize its market penetration potential quickly with several new retail customers that have been waiting to sell BIDI® Stick,” said Russell Quick, President of KMS, Jacksonville Beach, Fla. “Dean’s extensive leadership background in OTP, as well as his connections with top accounts here in the U.S., make him a valuable asset to our growing sales team.”
Recently, on November 15th, Kaival Brands Innovations Group, Inc. KAVL announced it has reached a three-year extension agreement with QuikfillRx, LLC, the third-party vendor responsible for executing Kaival Brands’ marketing and sales strategies. As part of the agreement, QuikfillRx, LLC will be rebranded as Kaival Marketing Services (“KMS”) to more properly reflect the commitment of KMS to the success of Kaival Brands. (1)
On Sep 12th, Kaival Brands Innovations Group, Inc. KAVL announced its financial results for the fiscal 2022 third quarter ended July 31, 2022. Revenues were $3.8 million in the third quarter of the fiscal year 2022, compared to $3.2 million in the same period of the fiscal year 2021. The company further stated that the revenues increased in the third quarter of fiscal 2022, as compared to the second quarter of fiscal 2022 and that it expects this trend to continue as renewed distribution ramps up and sales (2). Read more (Source 2).
2023 can be the breakout period for growth for Kaival Brands Innovations Group, Inc. KAVL. With an energized and focused KAVL team determined to turn ambition into marketing and financial success, paying attention to KAVL, and especially to the reasons why it can be a breakout star, maybe a wise and actionable investment consideration. And, knowing that millions of people want and hundreds of companies need the types of products KAVL sells, it could be a timely one, as well. As always, conduct your own due diligence and follow traders’ vigilance.
For more info on KAVL, please watch the video below. Learn more about Kaival Brands at: https://ir.kaivalbrands.com/overview/default.aspx.
Source 1: https://finance.yahoo.com/news/kaival-brands-prepares-support-growth-131500981.html
Source 2: https://finance.yahoo.com/news/kaival-brands-reports-fiscal-2022-121500835.html
Source 3: https://finance.yahoo.com/news/kaival-marketing-services-hires-former-131500488.html
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