Wednesday’s top stock calls like Nvidia

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Wednesday’s top stock calls like Nvidia

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ecosystem that can help drive higher usage and incremental ad spend. Maintain Buy.” Oppenheimer reiterates Chipotle as outperform Oppenheimer raised its price target on the stock to $3,485 per share from $3,300. ” CMG’s relative menu pricing vs. competition has improved since our October-’23 study, highlighting its robust price/value as an ongoing traffic driver.” Goldman Sachs upgrades

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to buy from neutral Goldman said it sees a compelling entry point for shares of

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. “We upgrade

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from Neutral to Buy with 30% upside to our updated 12-month price target of $74.” Piper Sandler upgrades Kraft Heinz to overweight from neutral Piper said it has “better visibility” for the food products company. “We upgrade to OW with incrementally better visibility on KHC’s upside in Foodservice, helped by its new innovation in time-saving (and labor-saving) dispensers, which we expect can drive incremental revenues within existing relationships and some incremental distribution.” Morgan Stanley reiterates McDonald’s as overweight Morgan Stanley said it’s standing by the fast-food chain. “We remain OW the shares – near term pain still possible, but on a relative basis we still think MCD can ******** in a more competitive environment.” Benchmark reiterates Brunswick as buy UBS said it’s bullish on shares of the marine company. “We are initiating coverage on Brunswick Corporation (BC) with a Buy and $100 price target. UBS initiates JFrog as buy UBS said it likes the software company’s margin expansion. “We initiate coverage of JFrog with a Buy rating, 1) seeing a path to durable 20%+ topline growth, 2) high 30s SaaS [software as a service] growth, and 3) continued margin expansion.” UBS initiates Elastic as buy UBS said it’s bullish on shares of the software as a service search company. “We initiate coverage on Elastic with a Buy rating and $135 price target. Rosenblatt reiterates Atlanta Braves Holdings as buy Rosenblatt said it’s sticking with its buy rating despite reports that the sports company is for *****. “We maintain a merger-driven price target for Atlanta Braves Holdings, despite a brush-back pitch from John Malone to Sportico on May 17 talking down ***** speculation.” Deutsche Bank initiates Waste Management as buy Deutsche said it’s bullish on shares of the waste management company ” WM’s industry leading capabilities enable it to deliver solid, predictable results.” Morgan Stanley downgrades Box to equal weight from overweight Morgan Stanley said it sees too many negative catalysts ahead for the cloud company. “We step to the sidelines given lack of near-term catalysts, prolonged macro challenges impacting Box’s seat-based model, continued FX headwinds pressuring growth, and constant competitive overhang – all making NT multiple-expansion and positive estimate revisions less likely.” Oppenheimer downgrades Generac to perform from outperform Oppenheimer downgraded Generac mainly on valuation. “We are moving to a Perform rating from Outperform, with shares having breached our $145 PT.” Morgan Stanley downgrades International Flavors to equal weight from overweight Morgan Stanley said in its downgrade of International Flavors that it sees “limited upside” for the fragrance and flavors company. “Move to Equal-weight as there is now limited upside to our $100 Price Target and we are no longer materially ahead of FY24 Adj EBITDA consensus and guidance. Jefferies upgrades Prudential and Lincoln National to buy from hold Jefferies said it’s getting more bullish on several insurance stocks on Wednesday. “We feel PRU should appeal to large cap investors, while LNC should attract those focused on deep value opportunities / turnaround stories. Both Buy ratings are contra-consensus.” Needham upgrades Stryker to buy from hold Needham said it sees “significant margin improvement” for the medtech company. “We expect new product launches combined with SYK’s capital equipment backlog to allow it to deliver upside to consensus revenue estimates and overcome any potential recon market slowdown.” Morgan Stanley reiterates Ferrari as overweight Morgan Stanley said it’s standing by its overweight rating on the automaker. “As we discussed in our ‘Lessons from Luxury’ note earlier this month, we believe RACE clearly displays the attributes to be valued as a luxury company rather than as an automotive OEM – and at the high-end of luxury peers.” Goldman Sachs reiterates

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as buy Goldman said it’s sticking with its buy rating on the tech giant following day 1 of it’s

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Build conference. “After attending

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Build Day 1, we leave increasingly constructive that MSFT continues to be in an industry-leading position that can shape the adoption of GenAI across the tech stack.” Bank of America downgrades Garmin to underperform from neutral Bank of America said in its downgrade of Garmin that the watch tech company has a valuation that’s “too rich.” “Until we see a case for the aggressive 2025E consensus EPS target, valuation appears too rich with potential downside in the near-term.” Bank of America reiterates Goldman Sachs as buy Bank of America says the “run not done” yet on shares of the investment banking giant. The firm raised its price target on Goldman to a street high $525 per share from $478. “Our conversations indicate investor appetite to add exposure to the stock on any pullbacks. Raise PO to $525 (from $478) on higher assigned multiples driven by re-rating in market multiples and increased probability for upside to our EPS forecast.”

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Goldman Sachs Group Inc,Garmin Ltd,Elastic NV,Brunswick Corp,Jfrog Ltd,Costco Wholesale Corp,McDonald's Corp,International Flavors & Fragrances Inc,Liberty Media Corp,Liberty Media Corp,Box Inc,Alphabet Inc,Coinbase Global Inc,Tesla Inc,Stryker Corp,Prudential Financial Inc,Kraft Heinz Co,Meta Platforms Inc,Lincoln National Corp,Generac Holdings Inc,

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Inc,

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Inc,Chipotle ******** Grill Inc,NVIDIA Corp,Dell Technologies Inc,Waste Management Inc,Ferrari NV,Ferrari NV,Investment strategy,Breaking News: Markets,Markets,Breaking News: Investing,business news
#Wednesdays #top #stock #calls #Nvidia

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