Biggest Wall Street Calls
Several major financial institutions have recently made significant calls on various companies, indicating their ratings and price targets for the stocks. UBS has reiterated Apple as neutral, citing a fall in wait times for the iPhone 15 Pro and Pro Max. Loop has upgraded Context Logic to hold from sell as the e-commerce platform seeks strategic alternatives. Wells Fargo initiated Fair Isaac as overweight, highlighting its unique assets in credit scoring. Additionally, Citi downgraded NXP Semiconductors to sell due to concerns about sales declines for the chipmaker.
Bank of America upgraded Fluence Energy to buy, stating that energy storage is the next big thing in renewables. Cantor Fitzgerald downgraded Lucid to neutral after a revision of its annual production guidance. TD Cowen downgraded Estée Lauder to market perform due to concerns about deteriorating conditions in China. Bank of America reiterated Rivian as buy, emphasizing its strong position in the EV market.
Positive Initiations and Upgrades
Susquehanna initiated Marqeta as positive, expressing bullishness on the fintech company for the short and long term. Goldman Sachs upgraded Quanta Services to buy, citing the company’s strong execution. JPMorgan also upgraded Datadog to overweight from neutral, indicating that the worst is behind Datadog and increasing their price target.
Negative Downgrades
Raymond James downgraded Masimo to market perform from outperform due to a lack of visibility for the med-tech company. Mizuho downgraded Datadog to neutral from buy, stating that additional upside looks too modest.
Hot Take
These significant calls from Wall Street institutions provide valuable insights into various companies’ performances and potential future outlooks within their respective industries.
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