All the market-moving Wall Street chatter from Thursday

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All the market-moving Wall Street chatter from Thursday

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on the chipmaker, according to Raymond James. The firm upgrade Lattice Semiconductor to outperform from market perform with a $50 per share price target. Raymond James’ forecast calls for 19.6% upside from Wednesday’s close. Shares have pulled back more than 39% in 2024. “Like its peers, LSCC is facing post-pandemic cyclical headwinds, which are nearing an end,” analyst Srini Pajjuri wrote Thursday. “Looking ahead, the company stands to benefit from cyclical recovery, ongoing content gains in servers, and new product ramps.” — Brian Evans 5:53 a.m.: Seaport Research downgrades Disney Disney’s parks business won’t bring investors joy for a while, according to Seaport Research Partners. Analyst David Joyce downgraded the media giant to neutral from buy. The frim doesn’t have a price target on shares. In June, however, its price target was $120, which implies upside of nearly 40% from Wednesday’s close. “Reticent as we are to shut the barn door after the investors have fled, at this point with the Parks slowing … and the DTC profitability having arrived but likely not generating as much as hoped in F2025 due to tech spending on UI features and ad capabilities, we are downgrading DIS shares to Neutral (from Buy) in this risk-off market,” Joyce said. “While there are encouraging positives that initially (briefly) cheered investors with this F3Q24 report … we think it may take a couple/few quarters to see more encouraging consumer and profit trends – with which we could be more constructive on DIS shares,” he added. Disney shares took a hit Wednesday , losing 4% as disappointment from the company’s park division overshadowed excitement around better-than-expected fiscal third-quarter results. Year to date, the stock is down 4.8%. DIS YTD mountain DIS year to date — Fred Imbert

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