--Salesforce price target lowered to $179 from $189 at Citi
--Nuscale Power initiated with an Equal Weight at Wells Fargo 06:21 SMR Wells Fargo analyst Neil Kalton initiated coverage of Nuscale Power with an Equal Weight rating and $17 price target. NuScale's small modular reactor technology appears to be several years ahead of the competition, the analyst notes. As such, the company appears well-positioned to capitalize on the powerful and parallel global trends toward decarbonization and electrification, Kalton argues. However, he believes that the current share price adequately reflects the risk/reward considering NuScale's still unproven ability to commercialize the VOYGR technology, competitive threats, and his lingering uncertainty as to whether nuclear can truly gain traction.
--Teladoc, Amwell rise after Amazon says will shut down Amazon Care 06:11 AMZN, TDOC, AMWL Amazon (AMZN) told employees in an email on Wednesday that it is shutting down Amazon Care, which offers virtual visits nationwide and was planning to have in-person primary and urgent health care services in 20 cities this year, according to The New York Times' Karen Weise. "Although our enrolled members have loved many aspects of Amazon Care, it is not a complete enough offering for the large enterprise customers we have been targeting, and wasn't going to work long-term," Neil Lindsay, the senior vice president of Amazon Health Services, is quoted as having said in an email to employees that was shared with The New York Times. Shares of Teladoc Health (TDOC) are up $1.53, or 5%, to $35.19 in pre-market trading following the news while shares of Amwell (AMWL) are up roughly 5% to $4.63 as well.
