Here’s the biggest voice on Wall Street on Friday: Bank of America reiterates intention to buy Meta Bank of America says Meta is bullish on adding Broadcom CEO to board of directors Stated. “On February 14th, Meta announced that it had added Broadcom CEO Hock Tan to its board of directors.” Bank of America Reiterates Nvidia as a Buy Bank of America expects stock price to increase ahead of next week’s earnings However, he said there was a possibility of a decline. “While we reiterate our buy/high pick on NVDA ahead of its February 2021 earnings call, we wouldn’t be surprised if there is a notable but brief pullback in the stock’s recent parabolic rise. ” Goldman Sachs upgrades Informatica to neutral acquisition Goldman said it is becoming bullish on the software company’s stock. “Informatica has had good results with his LTM, but [last 12 months] At least in part due to consistent execution against Cloud ARR [annual recurring revenue] Despite widespread weakness in the IT spending environment and strong operational discipline over the past 18 months, we have achieved our goals and are on track to strengthen our alignment with similar revenue and FCF growth companies over the next two to three years. , we believe there is room for further re-evaluation in CY24. ” Cowen upgrades GCM to outperform market over Grosvenor TD says alternative investment firm is too attractive to ignore in upgrading GCM ” Upgrade argument – Favorable changes in a number of key fundamentals and hierarchy KBW upgrades Coinbase from underperformer to market performer KBW upgraded Coinbase after Thursday’s earnings report. “Solid earnings for the quarter were ultimately much stronger than expected heading into year-end due to retail engagement.” BMO Names Trade Desk Leading Firm BMO says the ad tech company’s earnings report is ” “This is a quarterly forecast to silence the bears,” he said. TTD is best positioned for his two megatrends in the digital advertising sector in 2024. 1) Eliminating third-party advertising cookies in Google Chrome, and 2) Capturing a surge in ad spending related to the US presidential election. ” Baird upgrades UPS from Neutral to Outperform Baird said in upgrading UPS that the risks and rewards are too attractive to ignore. “We are upgrading UPS to Outperform and like the risk/reward profile.” JP Morgan will begin coverage of the car wash company primarily with a neutral rating, and will “initiate coverage of Mr. Car Wash (MCW) with a neutral rating and a December 2024 price target of $9.50,” Wells said.・Fargo has launched a similar-sized super micro, Wells said. “The company is benefiting from AI, but the stock is fairly valued at this point,” he said, adding, “Supermicro’s breadth of building block portfolio and engineering-first culture will continue to position it as first to market.” I hope that he will continue to establish himself as a leader in the field.” generation. Daiwa downgraded Arm from outperform to neutral He said Daiwa downgraded semiconductor companies primarily on valuation. With Softbank/Others owning over 90%, the stock price may continue to rise. I’m very positive about Arm positioning, but I’m looking for a better re-entry point. ” Loop initiates Nvidia as a buy Loop initiates Nvidia with a high street price target of $1200 per share. ” As we believe, we initiate Nvidia as a buy, with the stock at $1200 (63 % increase) In addition to the significant upside to market expectations for FY2024/2025 and FY2025/2026, we believe the company will be the front end of Gen AI foundation building across GPU computing and hyperscale in 3-5 years. It means that you are in. ” TD Cowen Upgrades PVH to Outperform Market TD said the consensus forecast was too low for the maker of brands like Tommy Hilfiger, adding, “The consensus is that PVH will improve its CK and Tommy businesses.” “We are underestimating the emergence of faster inventory turns, higher margins, and a capital allocation narrative that could significantly improve capital.” UBS Downgrades Newell Brands from Buy to Neutral UBS said the consumer and commercial products maker’s visibility has declined. “We downgrade Newell Brands from Buy to Neutral at NTM.” [next twelve months] The price target has increased to $8.50, implying approximately 6% upside from current levels.” Raymond James Downgrades Carvana from Market Perform to Underperform Raymond James primarily based on valuation. “We downgrade CVNA from a market perform rating to an underperform rating.” “It doesn’t take into account quarterly results, it takes into account recent stock performance.” “Our more constructive stance stems from two main points: 1) After a difficult period for the U.S. furniture industry post-COVID-19, demand trends have adjusted and are nearing the bottom; U.S. furniture sales could approach 2015/2016 levels in 2023. “2) Management’s recent cost reduction initiatives should position Wayfair to significantly grow EBITDA as demand recovers.” RBC launches Biohaven, outperforms RBC, and the company described it as a “state-of-the-art” biotechnology company. Oppenheimer Downgrades Nike’s Earnings to Outperform He Oppenheimer said he was concerned about Nike’s performance in the coming quarters being “underperforming.” That said, as we carefully reconsider NKE’s near-term outlook, we find it increasingly likely that the company’s revenue trends will continue to be weak and below target over the next several quarters. It’s becoming more and more of a concern. underlying uneven consumer demand, stagnant product innovation, and the entry of modest competition in some categories; Morgan Stanley once again calls Tesla overweight Morgan Stanley said it supports Tesla but has “no place to hide.” “In the pure world of EVs, there was no place to hide.” Guggenheim downgrades SunPower from neutral to sell He said Guggenheim remains concerned about the solar company’s financial condition. “Following yesterday’s announcement of SPWR’s rescue financing package, we downgrade our investment recommendation from neutral to sell at $1 PT.” Bank of America downgrades Dropbox from buy to underperform Bank of America America said “the bullish theory paid off” for data storage companies. “Double Downgrade DBX from Buy to Underperform.” Bank of America Upgrades Celebrite to Neutral Buy He said Bank of America believes the digital intelligence company’s business trends have stabilized. He expressed the view that this is happening. “We are upgrading Cellebrite from Neutral to Buy and raising the PO from $9 to $12. Jefferies upgrades América Mobil to buy status Jefferies said Latin American carriers are becoming “cash cows.” “AMX | (Re)Join the Head of the Dollar Box. Upgrade and Buy.” Barclays Reiterates Netflix as Equal Weight, Barclays maintains the company’s equal weight rating on the stock, and says that growth is “There is a possibility that there will be a significant slowdown in the future,” he said. “Netflix core growth, excluding the impact of paid sharing, may have been very low last year.” JPMorgan Downgrades Bloom Energy Rating from Overweight to Neutral JPMorgan downgrades Bloom Energy to Neutral after earnings report・Downgraded Energy. “BE reported fourth-quarter results that were below expectations.FY24 operating margin guidance was in line with our expectations, but the revenue outlook was well below consensus, and we have heard from recent bearish buy-side conversations. Morgan Stanley Reiterates Overweight on Eli Lilly Morgan Stanley raises its price target from $805 to $950 per share, raising the possibility that the company could become the first $1 trillion company He said that there is. “We reiterate our OW rating on LLY, which sees upside to expectations over 2025 (and update our bull scenario, which relies on LLY’s oral GLP-1), and argue why this stock continues to merit a premium P/E ratio. A comparison of 2019 estimates and historical pharmaceutical stocks.” Oppenheimer downgrades Roku from Outperform Oppenheimer downgrades the stock following Thursday’s earnings, and the stock remains range-bound He said there is a tendency to “We downgrade ROKU from Outperform to Perform and remove our $100 price target as we expect the stock to remain rangebound until the company delivers sustained high-teens growth in platform revenue. ”
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