Here are the biggest calls on Wall Street on Thursday: Wells Fargo reiterates Bank of America as overweight Wells Fargo has a price target of $40 to $44 per share for Bank of America. I raised it to . “Q1 2024 EPS was slightly higher due to higher than previously estimated capitalization, partially offset by estimated FDIC charges.” Bernstein renews Apple’s market performance rating Statement Mr. Bernstein said the company’s stock price has become “more constructive,” but he remains steadfast in his market performance assessment. “On the net, AAPL’s year-to-date performance has been relatively poor (-21%), given poor investor sentiment and belief that its fundamental business and financial model is intact. , we are more constructive on AAPL.” HSBC downgrades Bank of America from buy to hold HSBC downgrades Bank of America primarily due to valuation. “We are downgrading Bank of America to Hold and upgrading PNC to Hold. There is a lot to like about Bank of America, but its stock has risen 37% in the past six months, and we are Implied upside room for TP is limited.” Goldman Sachs is neutral on Tesla, saying Goldman likes Tesla stock but “market conditions are putting pressure on earnings.” I insisted again. “We continue to believe that Tesla is well-positioned for long-term growth given Tesla’s strong position in the EV and clean energy markets, but we expect softer EV market conditions in the short term to weigh on earnings. Piper Sandler starts SI-Bone for overweight Piper said the surgical joint treatment company’s stock is in a favorable position. “We are initiating coverage on SIBN with an OW rating and $25 price target.” Evercore ISI upgrades Kimberly-Clark from inline to outperform. It was upgraded. “At yesterday’s Investor Day, for the first time since 2010, Kimberly outlined an ambitious restructuring plan to lift profits and drive growth. We believe the company is financially sound and financially attractive.” Benchmark reiterated NVIDIA’s buy rating.Benchmark said it maintains its buy rating on NVIDIA. “We are a market with strong long-term growth dynamics and long-term thematic trends such as electrification, digitization, factory automation, renewable energy, AI and ML, and data center connectivity that can significantly reduce risk for consumers. Bank of America Reiterates Amazon Acquisition Bank of America said it is bullish on Amazon’s AI investments. “Amazon announced an additional $2.75 billion investment in GenAI startup Anthropic, developer of GenAI chatbot Claude.” Bank of America to acquire Estée Lauder from neutral Rating upgrade Bank of America said it made a “gain” by upgrading the stock’s rating. I hit rock bottom. “We upgrade Estée Lauder (EL) from Neutral to Buy and raise our price target from $160 to $170.” BTIG begins acquisition of CyberArk BTIG is bullish on the cyber company’s stock said. “Buy rating on CYBR, initiates coverage at $317 PT.” TD Cowen says he launches Grindr as an outperform TD Cowen says he’s bullish on the social media dating platform’s stock Ta. “Grindr established itself as the leading LGBTQ+ social dating app through strong brand recognition, even though its technology and product offering were in the relative early stages.” William Blair, Bentley William Blair, who launched and outperformed Systems Systems, said Bentley is “a leading provider of comprehensive infrastructure engineering software.” “Tipping Point in Infrastructure Digitalization, Starts Coverage with Outperform Rating.” HSBC Upgrades Allstate from Hold to Buy He said HSBC is reaching a “sweet spot” in its stock price. “We upgrade everything from hold to buy as rating actions do not appear to be fully reflected in ratings.” Morgan Stanley upgrades Vornado from underweight to equal weight. His Morgan Stanley The real estate investment trust was upgraded due to the “Upgrade VNO to EW. Rising leverage may limit further upside in NY REIT.” JP Morgan reiterates its position as overweight on DraftKings. He said you should buy the drop. “While we have collected feedback from many investors regarding the spate of negative headlines, we remain of the view and general sentiment that today’s decline in DKNG stock is largely overdone.” JP Morgan Reiterates Overweight on AbbVie JPMorgan said AbbVie is best positioned to outperform going forward. “Overall, immunology remains one of the most important growth drivers for large pharma groups, with upside to consensus estimates for most major products in the space, particularly ABBV and REGN. Citi reiterates its buy stance on Boeing.Citi lowered its price target on the company from $263 to $252 per share, but said it maintains a buy rating on the company. “In our view, the fundamental outlook for civil aerospace and Boeing remains unchanged. Demand for new aircraft remains strong, and only two major competitors are able to meet it.” KeyBank reiterates Robinhood overweight status KeyBank raises Robinhood price target from $15 to $22 per share. “Our estimates have increased across the board as we model higher levels of trading activity and net deposits than originally expected, with much of that reduced to operating income given higher fixed costs.” Oppenheimer reiterates Tesla’s performance rating Oppenheimer said Tesla is a leader in self-driving mobility, although he sticks to his stock price performance rating. “While we continue to view TSLA as a clear leader in the commercialization of self-driving technology and believe the company has a significant data advantage relative to its peers, The incremental challenge of integrating corner cases will continue to prove slow to resolve.”The company is leveraging neural networks and AI technology to mature its systems. ” Mones Crespi Hard downgrades Palantir from Neutral to Sell His Mones downgraded the stock primarily based on valuation. “With this unprecedented generative AI hype cycle behind us, we see Palantir surging in 2023 and continuing its upward trajectory into 2024, giving the company a very high valuation. Barclays reiterates Meta overweight Barclays says Meta is one of its favorite stocks heading into earnings. “Our priorities for Q1 results are META and GOOGL in the mega-caps, SNAP and PINS in the mid-caps, and we are bullish on the digital ad group as a whole.”
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