Wednesday’s biggest voices on Wall Street: Morgan Stanley reiterates its overweight rating on Tesla Morgan Stanley maintains overweight rating on Tesla, but other automakers also use AI He said it was only a matter of time before it started. “In our view, as Tesla becomes more clearly ‘tied’ to AI, investors will ask the question, ‘Can a single-digit P/E company like GM or Ford have any cards in their hands?’ Piper Sandler reiterated Nvidia’s overweight rating ahead of Wednesday afternoon’s earnings call, with Piper saying “the fundamentals remain intact.” [near term]”We see limited downside to the stock as investors will want to maintain or add to their positions for Blackwell’s 2H growth.” Morgan Stanley Reiterates Meta as Overweight Morgan Stanley said it will be a “monetization opportunity” as users adopt the company’s Reels product. “Further adoption of Meta: Reels is a positive sign for monetization opportunities.” Morgan Stanley Reiterates Dell as Top Pick Morgan Stanley said Dell remains its favorite stock. “We believe Dell is a strong player in the PC OEM market. [original equipment manufacturer] and ODM [original design manufacturer] “We believe Lenovo and Dell are best positioned for AI PCs, with both companies being ‘Top Picks’ for their respective coverage of Greater China high-tech hardware and US IT hardware.” JMP JMP reiterates Coinbase is outperforming the market JMP says “political tides” are shifting This is positive for Coinbase’s stock price. “The political tide on digital assets appears to be shifting, and if it persists it will be an important catalyst for Coinbase and others. Oppenheimer reiterates Costco’s outperformance,” Oppenheimer said in May. Bank of America reiterated its bullish outlook heading into Costco’s earnings on the 30th, “maintaining our Outperform rating and increasing PT to $850 from $805.” Alphabet, which is acquiring Bank of America, said after the company’s annual marketing live event that it stands firm on its acquisition rating, saying it “remains positive about expanding Gen-AI integration across the Google ecosystem, which will increase the “We can expect higher rates and increased advertising spending.” Oppenheimer reiterates that Chipotle is outperforming Oppenheimer raised his price target to $3,485 per share from $3,300. ” CMG’s menu prices and pricing relative to competitors have improved since the October 2023 survey, highlighting the company’s solid price/value. Goldman Sachs upgrades Shopify to Buy from Neutral He said Goldman sees an attractive entry point for Shopify stock, saying, “We have a 30% upside to our latest 12-month price target of $74. “We are upgrading Shopify from Neutral to Buy.” Piper Sandler upgrades Kraft Heinz from neutral to overweight Piper says the food company has “improved visibility,” adding, “We will upgrade to OW, which will gradually improve visibility of KHC’s turnaround in services.” Morgan Stanley reiterated that it is overweight McDonald’s, saying it sides with the fast food chain. “We’re still holding on to the stock. There’s still potential for some short-term pain, but on a relative basis we still think MCD can perform in a more competitive environment.” Benchmark Brunswick He reiterated that UBS remains bullish on the company’s stock. “We are buying coverage of Brunswick Corporation (BC) and starting with a price target of $100. UBS says it likes the software company’s margin expansion, so we are starting to buy JFrog. We are starting our coverage of JFrog as a buy and see 1) a path forward for sustained 20%+ sales growth, and 2) SaaS in the low 30s. [software as a service] UBS launches acquisition of Elastic UBS said it is bullish on the service search company’s software stock. “We initiate coverage of Elastic with a buyout rating and a $135 price target.” Rosenblatt reiterates Atlanta Braves Holdings as a buy Rosenblatt says the sports company is likely to be sold. Despite the reports, he maintained a buy rating on the stock. “Despite John Malone’s May 17 dump on Sportico, Atlanta Braves Holdings’ merger-driven price target remains, and sale speculation subsides.” Deutsche Bank, Waste Entering Administration Deutsche Bank said it was bullish on the waste management company’s stock, saying “WM’s industry-leading capabilities allow it to deliver solid and predictable results.” Morgan Stanley Downgrades Box’s Rating from Overweight to Equal Weight He said Morgan Stanley expects too many negative factors for cloud companies going forward. “Given the lack of near-term catalysts, lingering macro challenges impacting Box’s seat-based model, continued currency headwinds weighing on growth, and a persistently hyper-competitive landscape, we remain on the sidelines. All of this makes multiple expansions and positive estimate revisions unlikely for NT.” Oppenheimer downgraded Generac, which outperformed Generac, which Oppenheimer downgraded, primarily on valuation. demonstrate. “As the stock has broken above the $145 PT, we are moving from an Outperform to a Perform rating.” Morgan Stanley Downgrades International Flavors from Overweight to Equal Weight Morgan Stanley Downgrades International Flavors from Overweight to Equal Weight With the flavor downgrade, he said he sees “limited upside” for fragrance and flavor companies. “The $100 price target has limited upside and does not significantly exceed FY24 Adjusted EBITDA consensus or guidance, so we move to equal weight. Jefferies upgrades Prudential and Lincoln National to Hold Buy Jefferies said he is becoming more bullish on several stocks. “PRU needs to appeal to large-cap investors, while LNC needs to appeal to investors focused on big value opportunities and turnaround stories.” Needham upgrades Stryker from Hold to Buy Needham said he expects “significant margin improvement” for the medical technology company, adding: “New product launches and SYK capital. “We expect a combination of equipment backlogs to result in an upside to consensus.” Morgan Stanley Reiterates Ferrari Overweight, Says Morgan Stanley Maintains Overweight Rating on Ferrari “I clearly believe that,” he said. “It’s demonstrating the qualities that should be valued as a luxury company, not just an auto OEM, and at the high end of its luxury peers.”Goldman Sachs Reiterates Microsoft as a Buy said it maintains a buy rating on the tech giant. This is his Microsoft Build conference. “After participating in Microsoft Build Day 1, we are increasingly positive that MSFT remains in an industry-leading position to shape the adoption of GenAI across the technology stack,” Bank of America said. , when downgrading Garmin, said the company’s valuation was “too high” and said, “Until there is evidence for an aggressive consensus EPS target of 2025E, valuations appear too high and could decline in the near term.” There is a gender,” he said. Bank of America echoes Goldman Sachs, saying Bank of America is “not done running” on the investment banking giant’s stock. The firm raised Goldman’s price target to a high of $525 per share from $478. “Our conversations indicate an appetite for investors to add exposure to equities in the event of a pullback. Reassessing market multiples and increasing potential for upside to EPS estimates could lead to higher allocation multiples. will raise the PO to $525 (from $478).”
CHOOSE LANGUAGE
SELECT LANGUAGE BELOW
