-- Quanta Services price target raised to $108 from $95 at DA Davidson 08:41 PWR DA Davidson analyst Brent Thielman raised the firm's price target on Quanta Services to $108 from $95 but keeps a Neutral rating on the shares. The analyst is positive on the company's Blattner deal, saying the acquisition adds leadership positions in wind and solar as it is responsible for 35% of U.S. wind installations and ranked 2nd in U.S. solar installations. Thielman adds that he expects Blattner to become a vehicle for growth/consolidation, but at current levels, he sees valuation as fair.
--Ooma price target raised to $27.50 from $24 at B. Riley 08:23 OOMA B. Riley analyst Josh Nichols raised the firm's price target on Ooma to $27.50 from $24 and reiterates a Buy rating on the shares following the "strong" Q2 results. The analyst believes Ooma's "higher-value" business revenue is on track to surpass 50% of subscription and services revenue by the end of the current fiscal year while maintaining a 5% EBITDA margin floor.
Audi unveils Grandsphere electric concept 06:52 AUDVF Audi is announced yesterday it is presenting the Audi grandsphere concept study at IAA 2021. Like a first class flight, the 5.35 m long grandsphere sedan combines the luxury of private travel in the greatest of comfort with a comprehensive onboard experience offering. Level 4 automated driving makes new dimensions of freedom possible: in this mode, the interior turns into a spacious sphere of experience without a steering wheel, pedals, or displays. And the front seats become a first class lounge with maximum space, more open views, and access to all the functions of a holistic digital ecosystem that the Audi grandsphere is integrated into. As the second of three "sphere" concept cars from the brand with the four rings, the Audi grandsphere has a special place. That is because the technologies and design features assembled in it are expected to turn up again in future Audi series. The Audi grandsphere concept illustrates the brand's claim that it is becoming a trendsetter at the top of the automotive industry for technological transformation and completely new, holistic mobility offerings. The electrically driven roadster Audi skysphere concept debuted in August 2021 - it was a spectacular vision of an automatically driving GT that transforms into a self-driving sports car with a variable wheelbase. These two concept cars - as well as the Audi urbansphere, which will appear as the third part of the trio in 2022 - are linked by their overall concept, which is derived from their ability to drive automatically at level 4. Audi is working with CARIAD, the Volkswagen Group's global software think tank, toward introducing new ideas in technology in the second half of the decade. Level 4: it is designed to change the interior space of the traditional driver-oriented cockpit and passenger seats into a spacious lounge as soon as the steering wheel and pedals are reduced. At the same time, it opens up new levels of freedom for all the passengers. That is because the Audi grandsphere not only frees the driver from the tasks of driving whenever possible, but at the same time also offers everyone onboard a wide range of options to use that freedom for individually varied experiences: communication or relaxation, work or withdrawal into a private sphere as desired. The Audi grandsphere concept transforms from being strictly an automobile into an "experience device."