Diamond Member Pelican Press 0 Posted April 17, 2024 Diamond Member Share Posted April 17, 2024 Stocks to buy Wednesday like Nvidia & Tesla Here are Wednesday’s biggest calls on Wall Street: Barclays reiterates Tesla as equal weight Barclays lowered its price target on Tesla to $180 per share from $225 and said it sees a negative catalyst heading into earnings. “Facing an investment thesis pivot and a sea of uncertainty, this Tesla call is extra highly anticipated; expect negative catalyst.” Mizuho initiates Royal Caribbean as buy Mizuho said the cruise company has a “differentiated” offering. ” RCL has a unique mix of quality ship assets, as well as differentiated destinations, the combination of which drives upside potential to estimates.” Citi upgrades Hancock Whitney to buy from neutral Citi said the regional bank holding company is undervalued. “With the market unfairly pricing in a dour credit This is the hidden content, please Sign In or Sign Up across the regional bank space, we are stepping off the sidelines and upgrading HWC to Buy.” Raymond James initiates GE Vernova as outperform Raymond James said it’s bullish on shares of the stock. “Combining strengths across a broad spectrum of conventional and renewable generation, as well as grid technology, Vernova is involved in practically everything. Diversification has both advantages and drawbacks.” HSBC upgrades Danaher to buy from hold HSBC said in its upgrade of the life sciences company that it sees a “biotech funding recovery.” “We upgrade Danaher to Buy from Hold as a quality proxy for the Biotech funding recovery.” Wells Fargo upgrades Omnicom to overweight from equal weight Wells said it’s bullish on shares of the media company. “We also think OMC can rerate as, in our experience, Agency data points become themes and those themes impact the multiples.” Loop reiterates Apple as hold Loop said China is still a major issue for Apple. “Issues remain in China and globally frankly. In China, AAPL has been heavily discounting iPhones, and we are seeing a similar aggressive discount program in several other ****** locales.” Wells Fargo reiterates This is the hidden content, please Sign In or Sign Up as overweight Wells raised its price target on the stock to $480 per share from $460. “Also continue to see MSFT as the best way to play AI, another 2H catalyst.” TD Cowen upgrades Elf Beauty to buy from hold TD Cowen said it sees robust revenue growth for the beauty company. ” ELF could double revenues over the next 3 years, yielding low-to-mid 20s annual growth rate through digital community marketing leadership, awareness flywheel, skincare & international expansion.” Jefferies downgrades Urban Outfitters to underperform from buy Jefferies said in its downgrade of the stock that it sees slowing traffic. “We have some concern regarding URBN’ s near-term positioning due to slowing foot traffic data, promotional headwinds, and increased competition.” Barclays reiterates Broadcom as overweight Barclays raised its price target on Broadcom to $1,500 per share from $1,405. “Ultimately we come away with a valuable second opinion on the future of AI and a greater appreciation for the company’s many ways to win.” Morgan Stanley reiterates Nvidia as overweight Morgan Stanley said it’s bullish heading into earnings in late May. ” NVDA continues to see strong spending trends in AI, with upward revisions in demand from some of the newer customers such as Tesla and various sovereigns.” Wells Fargo reiterates Goldman Sachs as overweight Wells said it gives a “gold star” to Goldman coming out of earnings. “Overall capital markets revenue was up 14% YoY (best of top 5 U.S. banks), driven by higher IB [investment banking] and trading.” Maxim initiates Apple as buy Maxim said shares of Apple are fairly valued. “We are initiating coverage of Apple ( AAPL) with a Hold rating and $178 12-month price target based on applying the average forward P/E multiple of 25.9 from a comparable list of big-tech companies to our FY25 EPS estimate of $6.89.” Maxim initiates This is the hidden content, please Sign In or Sign Up as buy Maxim said it’s bullish on shares of the e-commerce giant. “We are initiating coverage of This is the hidden content, please Sign In or Sign Up (AMZN) with a Buy and 12-month $218 price target based on applying a 17.5x EV/EBITDA multiple to our 2025 forecast.” Truist upgrades Strategic Education to buy from hold Truist said the educational services company is in an attractive sector. “We are upgrading Strategic Education (STRA) to Buy from Hold and increasing our PT to$125 from $110.” Morgan Stanley upgrades Antero Resources to overweight from equal weight Morgan Stanley said the hydrocarbon exploration company has “attractive leverage to rising gas prices.” “With this note, we upgrade Antero Resources to Overweight as we see the company providing attractive leverage to rising gas prices and leading exposure to the growing LNG fairway in the Gulf Coast.” Raymond James upgrades Commerce Bancshares to outperform from market perform Raymond James upgraded the regional bank following its earnings report. “We are upgrading CBSH shares to Outperform from Market Perform following the release of impressive 1Q results that led us to raise our EPS estimates.” Guggenheim upgrades Group 1 Automotive to buy from neutral Guggenheim said investors should buy the dip on the auto dealership company. “Upgrading GPI to BUY from NEUTRAL, best positioned dealer to navigate current landscape somehow trading at lowest multiple.” Benchmark initiates Canoo as buy Benchmark said the electric vehicle company has the ability to “fund growth.” “We are initiating coverage of GOEV with a Buy rating and $5 target price.” Loop reiterates This is the hidden content, please Sign In or Sign Up as buy Loop said it’s bullish heading into earnings on Thursday. “We believe NFLX’s improving engagement is primarily due to an easing competitive environment as traditional media companies have raised prices, scaled back content investment, and resumed licensing content to NFLX.” Jefferies initiates Nuvalent as buy Jefferies said the biotech company is “best-in-class.” ” NUVL leverages strong expertise in structure-based chemistry and deep understanding of unmet pts needs to develop potentially ;best-in-class’ small molecule targeted ******* therapy.” Truist reiterates This is the hidden content, please Sign In or Sign Up as buy Truist raised its price target on the stock to $216 per share from $195. “We remain constructive on AMZN ahead of 1Q24 earnings slated for 4/30, expecting a beat based on 1) our tracking of NA sales using the Truist Card Data; 2) positive checks into the ads business.” This is the hidden content, please Sign In or Sign Up Nuvalent Inc,Goldman Sachs Group Inc, This is the hidden content, please Sign In or Sign Up .com Inc,Broadcom Inc, This is the hidden content, please Sign In or Sign Up Corp,Hancock Whitney Corp,Tesla Inc, This is the hidden content, please Sign In or Sign Up ,Commerce Bancshares Inc,Antero Resources Corp,GE Vernova Inc,Royal Caribbean Cruises Ltd,Urban Outfitters Inc,Danaher Corp,Omnicom Group Inc,NVIDIA Corp,Strategic Education Inc,Group 1 Automotive Inc,Canoo Inc, This is the hidden content, please Sign In or Sign Up Inc,elf Beauty Inc,Investment strategy,Breaking News: Markets,Markets,Breaking News: Investing,business news #Stocks #buy #Wednesday #Nvidia #Tesla This is the hidden content, please Sign In or Sign Up For verified travel tips and real support, visit: https://hopzone.eu/ 0 Quote Link to comment https://hopzone.eu/forums/topic/17256-stocks-to-buy-wednesday-like-nvidia-tesla/ Share on other sites More sharing options...
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