Here are the loudest voices on Wall Street on Friday: Bernstein outperformed Howmett Aerospace and said he was bullish on the aerospace company's stock. “Howmet Aerospace (HWM) has a $67 target and starts with an outperformance. We believe Howmet has further upside potential even after the stock outperforms in 2023.” Bank・Bank of America reiterates its buy rating on Nvidia Bank of America said it maintains a buy rating on the company's stock. “In our view, NVDA's solid FCF generation creates options that will help address these concerns and increase the trading multiple to the historical median of 35x to 40x. Upgrades Elanco to Buy from Hold Stifel said in the Elanco upgrade.'' “In fact, we believe the party has just begun and should last for several years. ” Mr. Jeffries opens the door for IBM, as Mr. Jeffries said, “There is a limit to the upside'' of IBM stock. “IBM is growing revenue below its software competitors despite lower profit margins. UBS upgrades Bootburn to acquire from neutral position.” UBS believes the stock is undervalued. He said there was. “Boot is a growth company, but the market values it otherwise.” This is likely to change by EOY. [end of year]JPMorgan upgrades Kymera from neutral to overweight JPMorgan said the biotech company has “best-in-class” pipeline potential. “Despite its early stage, we have completed our research and development days with Kymera and are highly encouraged by our pipeline expansion efforts, delivering the best results possible.” RBC opens Snowflake as Outperform RBC says it's bullish on long-term growth opportunities “While we open with an OP rating and $230 PT on SNOW, we're bullish KBW Reiterates Coinbase Underperforms KBW Says SEC Approval of Spot Bitcoin ETF Is Too Uncertain for Coinbase Stock “Impact on COIN: Direct Proceeds from Spot ETF Approval Opportunity is modest.'' Stifel named Wynn, Royal Caribbean and Bowlero as top candidates, saying holding these three stocks would allow investors to “capture the Macau/LV Strip/Cruise upside opportunity.'' Stated. (Market capitalization of over $2 billion in 2024) are Wynn Resorts Limited (WYNN), Royal Caribbean Group (RCL), and Bowlero Corporation (BOWL).'' Bank of America reiterates that Sunrun is a buy. Claim Bank of America says it supports solar power stocks. “Having doubled since early November on growth optimism, the next bogey could potentially meet RUN's sustainable cash generation target of $200 million to $500 million by the end of 2024. Morgan Stanley supports Apple after research shows App Store growth. “December Q App Store growth (+10% year over year) exceeded our forecast by 6 percentage points and suggests a 160bps upside compared to our service forecast,” Stanley said at Apple. UBS reiterates its overweight position in Boeing, naming Boeing as top candidate “See Q4 FCF Beat and $5B-7B 2024 Inline Guidance, Possible Positive Update on China Delivery Timing, Further Discussion on MAX” BTIG Downgrades PayPal to Neutral from Buy BTIG said it was concerned about consistent revenue growth when downgrading the stock. “Following recent PYPL scope assumptions, we downgrade the stock to neutral.” The process of returning the company to consistent and profitable revenue growth is not a FY24, but a multi-year endeavor. Needham Adds On Holding to Conviction List Needham said the company is bullish on the shoe company. “We highlight ONON as a Top Pick of 2024 and add it to the Needham Convict List.” Deutsche Bank Reiterates Will to Acquire Costco Deutsche Bank Says Study Finds Costco Remains “Best in Class” He said that it was shown. “61% of respondents with club memberships are COST members. Additionally, retailers are often the second choice among members with multiple memberships.” Bank of America, Knife River Bank of America said the construction materials company was undervalued, saying, “KNF's stock price is up 70% since the spinoff, but relative to peers and recent transactions in the same sector. It continues to trade at a discount.” Jefferies Downgrades Palantir's Rating from Hold to Underperform He said Jefferies said the stock is “AI overvalued.” “PLTR – AI is overhyped and downgraded to underperforming.'' Barclays upgrades Leidos Holdings from equal weight to overweight He said Barclays expects the engineering firm's growth to accelerate . “We expect growth to re-accelerate on strong recent bookings as the stock continues to trade near historical lows relative to its peers, with a CEO change and reorganization.” Stevens, Overweight Repeating Chipotle Stevens said Chipotle Mexican Grill stock is a top pick for 2024. I'll nominate it as the best idea.” Bank of America, Salesforce, Microsoft, ServiceNow are top candidates Bank of America said in a Friday memo that Salesforce, Microsoft and ServiceNow are top ideas for 2024. Stated. … . MSFT – AI is expected to drive incremental growth in core Azure and Office franchises and drive continued return to scale/FCF growth … . NOW – AI and Continuous consolidation has the potential to further enhance best-in-class growth in the large IT and custom apps market. ” Bank of America names Exxon and Chevron as top candidates He said Bank of America favors the oil giant in 2024. “With tailwinds from recent M&A, we see the emergence of ‘big oil’ with the highest risk adjustment, led by XOM and CVX.” '' Needham names DoorDash as top candidate Needham said the stock is a top candidate for 2024, saying, “DASH has performed well post-pandemic, with frequent advances such as the introduction of DashPass to drive booking growth.'' It was going well.” Wells Fargo upgrades Carnival from equal weight to overweight He said Wells was the cruise line's favorite idea in 2024. “CCL: Demand is solid with FY24 2/3 results, materials will be 2x deleveraged in FY24, and we like this 10%.” Pullback after F4Q report. Oppenheimer downgrades McDonald's to outperforming company's performance He said Oppenheimer believes McDonald's stock lacks a catalyst at the moment. “We are unable to identify any new catalysts to the consensus model following significant double-digit EPS revisions in 2023.” UBS repeats CrowdStrike acquisition, UBS says cyber firm is top candidate Stated. “We reiterate our Buy rating and raise PT to $300, and we continue to view CRWD as one of the best-positioned stocks in the cyber space.”
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