All the market-moving Wall Street chatter from Friday

Pelican Press · 2024-09-27T09:51:47+0000

This is the hidden content, please Sign In or Sign Up All the market-moving Wall Street chatter from Friday (This is CNBC Pro’s live coverage of Friday’s analyst calls and Wall Street chatter. Please refresh every 20-30 minutes to view the latest posts.) A casino operator and a PC maker were among the stocks being talked about by analysts on Friday. Deutsche Bank reinstated Dell Technologies as a buy, calling for nearly 14% upside. Meanwhile, Morgan Stanley upgraded Wynn Resorts to overweight from equal weight. Check out the latest calls and chatter below. All times ET. 5:49 a.m.: Morgan Stanley upgrades Wynn Resorts A few key catalysts could send shares of Wynn Resorts higher, according to Morgan Stanley. The investment bank upgraded the stock to overweight from equal weight and hiked its price target by $7 to $104, which implies more than 14% upside from Thursday’s close. Analyst Stephen Grambling thinks the casino operator has an “attractive” risk-reward profile and sees its Las Vegas assets as more stable than its peers. He pointed to greater capital reinvestment into Wynn’s properties in the last five years compared to MGM Resorts and Caesars Entertainment. “We believe WYNN’s continued investment, proximity to recently added attractions, and high-end brand will all support more resilient fundamentals vs. the market,” the analyst wrote in a note to clients. Grambling also said the more details surrounding the company’s UAE project at its upcoming analyst event could drive the stock higher, saying the opportunity is “not appropriately valued” at current trading levels. He also cited a focus on capital returns as another catalyst. While shares have moved marginally lower year to date, they’ve surged more than 18% this month. WYNN mountain 2024-08-30 WYNN month to date — Sean Conlon 5:49 a.m.: Deutsche Bank reinstates Dell Technologies as buy The stars are aligning for Dell Technologies , according to Deutsche Bank. Analyst Matt Niknam resumed coverage of the PC maker with a buy rating and a price target of $144, which implies upside of nearly 14%. “We expect top-line growth to accelerate into the double-digits over the next several quarters, as DELL benefits from a confluence of tailwinds across key segments, where it is a share leader (servers, storage and commercial PCs),” Niknam wrote. “We believe DELL is well positioned to capitalize on the next legs of AI growth/proliferation across enterprises, given its product scale, breadth of services/solutions and go to market footprint,” the analyst added. Dell shares have been on ***** this year, rising 65.4%. DELL YTD mountain DELL year to date — Fred Imbert This is the hidden content, please Sign In or Sign Up #marketmoving #Wall #Street #chatter #Friday This is the hidden content, please Sign In or Sign Up This is the hidden content, please Sign In or Sign Up

By Pelican Press,
September 27, 2024 in World News

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Posted September 27, 2024

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