Americas Morning Research Summary

Barclays' morning summary highlights significant positive earnings and price target revisions for HPE, PANW, and VSXY, alongside an upgraded US auto sales forecast.

Key Takeaways

• 1.Significant price target and EPS estimate increases for major technology firms including Hewlett Packard Enterprise (PT to $67) and Palo Alto Networks (PT to $315).
• 2.U.S. Auto sales remain robust with the 2026 SAAR forecast raised to 15.9mn units from 15.75mn.
• 3.Victoria's Secret & Co. (VSXY) showed massive 1Q26 outperformance, leading to a ~35% raise in FY26 EPS guidance.

Table of Contents

• Summary of Changes
• Company Research
• Industry Research
• QPS Equity Research
• Consumer
• Financial Services
• Healthcare
• Industrials
• Internet & Media
• Power & Utilities
• Retail
• Technology
• Telecommunications
• Derivatives