Insider Scoop: Wall Street’s Latest Calls
Hey crypto reader! Are you looking for the latest insights into what Wall Street is saying about various stocks? Look no further! Here’s a breakdown of the most recent upgrades, downgrades, and initiations from top financial institutions:
Analyst Recommendations
- Piper Sandler: Upgraded Rivian to overweight from neutral, urging investors to buy the dip in EV company shares.
- Bank of America: Reiterated Adobe as a buy despite disappointing Q1 results.
- Citi: Upgraded Thor Industries to buy from neutral, citing a favorable event path for the RV company.
- Morgan Stanley: Downgraded Republic Services to equal weight from overweight, seeing a more balanced risk/reward.
Stock Upgrades
- Citi: Initiated Pure Storage as a buy, highlighting the company as an AI beneficiary in data storage.
- UBS: Upgraded Paccar and Cummins to buy from neutral, emphasizing undervaluation and growth potential in truck and engine products.
Stock Reiterations
- Morgan Stanley: Reiterated Microsoft as a buy, recognizing it as a cybersecurity leader with broadening platform capabilities.
- Baird: Reiterated Nvidia as outperform, anticipating positive catalysts ahead of the company’s GTC event.
Bearish Calls
- JPMorgan: Reiterated Coinbase as neutral despite raising price target, citing Ethereum use cases as potential earnings driver.
- Guggenheim: Upgraded Snowflake to neutral from sell, noting partner sentiment improvement for the stock.
Fresh Initiations and Updates
- Piper Sandler: Upgraded DoorDash to neutral from underweight on improving fundamentals.
- Citi: Reiterated Apple as buy ahead of WWDC for potential AI catalyst in smartphone demand.
New Ratings and Revisions
- Morgan Stanley: Upgraded nCino to equal weight under weight based on improving revenue growth projections for the software company.
- Bank of America: Reiterated Amazon as a buy, optimistic about upcoming Spring Sales event impact on revenues.
Earnings Expectations
- Citi: Raised price target on Micron to $150 per share from $95 and maintained bullish stance heading into earnings week.
- Piper Sandler: Named Stellantis a top pick in auto industry due to strong performance and best-in-class margins.
Closing Thoughts 🚀
You’re now up-to-date with Wall Street’s latest calls on various stocks. Remember to do your own research before making any investment decisions based on these recommendations. Happy trading!
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