Wall Street Calls: Upgrades and Downgrades Deutsche Bank Upgrades Li Auto to Buy Deutsche Bank has upgraded Li Auto, a Chinese auto company, from Hold to Buy. The bank finds the stock compelling, especially after its 32% decline since late November. Deutsche Bank sees a promising future for Li Auto driven by a robust product…
JPMorgan Healthcare Conference to Influence Wall Street Next Week Next week, Wall Street investors should pay attention to JPMorgan’s market-moving healthcare conference in San Francisco for key insights. The conference, taking place from Monday to Thursday, is a significant gathering of major industry CEOs who will share earnings guidance and updates on clinical trial research….
Wall Street’s Biggest Calls of the Day Goldman Sachs: Upgrades Shoals to Buy Goldman Sachs has upgraded solar company Shoals from neutral to buy. The firm finds the company very attractive, citing potential for gross margin upside and an attractive valuation. Wells Fargo: Initiates WillScot as Outperform Wells Fargo has initiated coverage on mobile trailer…
Monday’s Biggest Calls on Wall Street Wells Fargo: Reiterates Meta as Overweight Wells Fargo maintained its overweight rating on Meta and lowered its price target to $372 per share from $389. The company believes Meta’s improved cost discipline and capital allocation warrant a modest premium. They are confident in the stock ahead of earnings later…
Biggest Calls on Wall Street Barclays Initiates Supermicro as Overweight Barclays has initiated Supermicro, an information technology company, as overweight. According to Barclays, Supermicro is well positioned for artificial intelligence. The company is expected to capture the rising AI server opportunity with more share gains ahead due to its superior design capability and strong AI…
Macy’s exceeds expectations with quarterly sales Macy’s, the popular retailer, has surpassed Wall Street’s expectations for quarterly sales. However, despite this success, the company remains cautious about consumer spending in the upcoming months. Macy’s has maintained its conservative full-year guidance due to declining sales. The company predicts a decrease of 6% to 7.5% in comparable…
Wall Street’s Biggest Calls Jefferies: Reiterates Apple as Buy Jefferies expects a “quiet quarter” for Apple’s earnings report on Aug. 3. The company believes that iPhone and services are the driving forces behind Apple’s stock. Wells Fargo: Reiterates Netflix as Overweight Wells Fargo is bullish on Netflix heading into its earnings report. The company anticipates…
Friday’s Biggest Calls on Wall Street Friday’s Biggest Calls on Wall Street Bank of America downgrades SoFi Technologies to neutral from buy The downgrade follows SoFi’ s recent rally. “While we agree the payment moratorium expiry is a positive, we now see the positive fundamental aspects of the story as largely priced in.” Read more…
Snowflake: Navigating Near-Term Headwinds, But Poised as Long-Term AI Winner Short-Term Challenges Snowflake should emerge as a long-term artificial intelligence winner despite a host of near-term snowstorms, Wall Street analysts think. The cloud stock dropped more than 16% last Thursday after the company shared product revenue guidance that fell short of consensus expectations and results…
More and more people are saying that the steady rise in US stock prices will stop. Goldman Sachs, Morgan Stanley, and Citigroup strategists have all sent out new messages about how bad shocks could end the winning streak. As a result of the pandemic, the spread of the delta form of the Corona virus, the…
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