Thursday big analyst calls from Wall Street like Nvidia

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Thursday big analyst calls from Wall Street like Nvidia

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as overweight Cantor said it sees upside to estimates for the e-commerce giant. “The investment thesis on AMZN is still centered on 1) retail margin expansion, and 2) AWS acceleration.” Cantor Fitzgerald initiates Meta as overweight Cantor said Meta is a top pick at the firm. “We believe the business has plenty of levers to capture share gains and generate healthy top-line growth above a mid-teens CAGR over the next 2-3 years…” Goldman Sachs downgrades Novartis to neutral from buy Goldman downgraded the multinational pharmaceutical company mainly on valuation. “We downgrade our rating on Novartis from Buy to Neutral, driven by solid recent share price performance, earnings upgrades as consensus has caught up to our estimates, and we see limited value driving innovation catalysts in the near-term.” Barclays initiates Travelers as overweight Barclays said the insurance giant has a robust balance sheet. “We came away from our process with Overweight ratings on TRV and CB, where we think the current environment is already more reflected and there is ongoing momentum to the company’s underwriting in the case of TRV and growth in the case of CB.” Bank of America downgrades Zscaler neutral from buy Bank of America downgraded the cloud security company following earnings on Wednesday. ” Zscaler reported a solid 4Q, with 30.3% YoY revenue growth solidly above Street’s 24.7% and billings growth of 26.6% vs. Street’s 24.1%.” Bank of America reiterates Nvidia as buy The firm said Nvidia is a top pick and its valuation ******** “compelling.” “Near-term headwinds provide esp. attractive opportunity.” Wolfe downgrades General Motors to peer perform from outperform After a change in analyst coverage the firm downgraded the stock citing too much uncertainty for GM. “While there is uncertainty from cyclical risks longer-term, we see lower 2H risk (vs. STLA/F) and potential upside from Oct. CMD [capital markets day]. JPMorgan upgrades Xpeng to overweight from neutral JPMorgan upgraded the China electric vehicle company and said it’s bullish on several upcoming new models for Xpev. “Riding on upcoming new model momentum; upgrade to OW.”. KBW upgrades Comerica to outperform from market perform KBW said Comerica is a beneficiary of lower interest rates. “So why now? The clear pivot by the Federal Reserve on the direction of interest rates is a big reason.” RBC downgrades KB Home to underperform from sector perform RBC downgraded the homebuilder after survey checks show weakening trends. “We are downgrading KBH to Underperform from Sector Perform in connection with our updated August RBC Elements pricing data, which showed another month of weaker relative trends for KBH.” Evercore ISI reiterates Broadcom as outperform The firm said it’s bullish heading into earnings on Thursday afternoon. “We like the setup for AVGO , and are buyers into its JulQ print.” Barclays upgrades Nordstrom to equal weight from underweight Barclays upgraded Nordstrom following the proposed take-private transaction. “With the proposed take-private transaction, we are upgrading shares to Equal Weight from Underweight. While there is still some uncertainty around the transaction given the required 2/3 shareholder vote, we believe it is appropriate to step aside on our UW rating.” Bank of America reiterates Apple as buy Bank of America said it’s sticking with the stock heading into its iPhone event on Monday. “If Apple surprises with a compelling demo of Apple Intelligence/third party integrations or with any price increases, we could see the stock fare better than post past events.” JPMorgan downgrades Dollar Tree to neutral from overweight JPMorgan downgraded Dollar Tree following earnings on Wednesday. “2Q Miss & Lower; ‘Core’ Erosion w/ Profitability Concerns; Downgrade to Neutral.” Wells Fargo upgrades Roku to equal weight from underweight Wells said in its upgrade of Roku that it’s getting more constructive on the stock. “Our shorter-term conviction exceeds our LT [long term] conviction given many Platform variables + macro, so we upgrade to Equal Weight with a new valuation of 30x CY24/25 EV/EBITDA.” Needham upgrades Yext to buy from hold Needham said it like the software company’s management. ” Yext mgmt has established a strong & consistent track record of generating incremental leverage in the business model, and we see plenty of room for material incremental margin expansion over the next 12-18 months despite integrating an initially dilutive asset.” Morgan Stanley downgrades Stone and PagSeguro to underweight from equal weight Morgan Stanley downgraded several Brazilian payment companies on Thursday and says it sees “growth & profitability” under pressure. “Downgrading PAGS & STNE to Underweight. Brazil digital payments have reached saturation — merchant acquiring growth & profitability may face serious pressure.” Oppenheimer reiterates Tesla as perform The firm said Tesla is a beneficiary in a *********** controlled administration. “We believe TSLA will continue to pursue a diversified supply chain approach taking advantage of IRA-related manufacturing credits along with sourcing from low-cost regions.” CFRA downgrades Coca-Cola to hold from buy CFRA said in its downgrade of Coca-Cola that it sees better value elsewhere in the firm’s coverage. “With CFRA’s recommended weighting on the Consumer Staples sector remaining at Underweight and soft drink companies facing headwinds from weak consumer spending, which is pressuring both price and volume growth, we now recommend a Hold rating and see better opportunities at current levels.” JPMorgan downgrades China to neutral from overweight The firm downgraded China and said the

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looks too “challenging.” “We downgrade China from OW to Neutral within EM / Asia ex. Japan equities due to a challenging

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: (1) The equity risk premium is difficult to model due to global geopolitical tensions and domestic policies; (2) economic cycles are hard to time given the headwinds to growth from global supply chain relocation, domestic housing market correction, and weak private sector confidence.”

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#Thursday #big #analyst #calls #Wall #Street #Nvidia

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