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Here are Tuesday's biggest calls on Wall Street: UBS downgrades ChargePoint to neutral from buy UBS said it's cautious on the EV charging company's growth outlook. " Citi reiterates Nvidia as buy Citi said it's sticking with its buy rating on shares of Nvidia. " Wells Fargo downgrades Booz Allen Hamilton to equal weight from overweight Wells said investors should wait for a better entry point for the defense contractor. Raymond James upgrades Crocs to strong buy from outperform Raymond James said it sees an attractive entry point for the show company. Wells Fargo reiterates Amazon as overweight Wells said international trends for Amazon remain healthy.
Persons: UBS downgrades ChargePoint, it's, Wells, Booz Allen Hamilton, Bernstein, Raymond James, Crocs, CROX's, Estee Lauder, Jefferies, underperform Jefferies, Evercore, Rivian, Piper Sandler downgrades Shopify, Piper, Piper Sandler, Canaccord, TD Cowen, Datadog, TD, Truist, it's bullish, Ingersoll Rand Organizations: UBS downgrades, UBS, JPMorgan, Apple, Citi, Nvidia, HSBC, RBC, Boeing, Lexeo Therapeutics, Bank of America, Virtu, Logistics, Industry Locations: U.S, DDOG, India, Ingersoll
Here are Wednesday's biggest calls on Wall Street: UBS reiterates Apple as neutral UBS said its checks show wait times for Apple's iPhone Pro and Pro Max have fallen. UBS reiterates Target as buy UBS lowered its price target on the stock to $174 per share from $184 but said it's standing by Target shares. Bank of America upgrades Fluence Energy to buy from neutral Bank of America said the energy storage is the next big thing in renewables. Bank of America reiterates Rivian as buy Bank of America said Rivian is "still in [the] right place/time with right product/strategy." Bank of America reiterates DraftKings as buy Bank of America said it's bullish heading in to DraftKing's investor day next week.
Persons: Pro Max, Wells, Isaac, it's, Cantor Fitzgerald, Cantor, TD Cowen downgrades Estee Lauder, Estee Lauder, Rivian, it's bullish, Goldman Sachs, Goldman, Raymond James downgrades Masimo, Raymond James, DraftKings, Bernstein, Mizuho downgrades Datadog, DDOG, MCHP Organizations: UBS, Apple, Pro, Target, 3Q, Citi, Bank of America, Energy, of America, South Korea Travel, EV, Susquehanna, TAM, Adobe, Mizuho, JPMorgan Locations: China, Europe, Japan, Mainland China, Hainan, MASI, bottoming
It's time to buy Glaukos ahead of some "exciting" product launches, Piper Sandler said. Analyst Matt O'Brien upgraded Glaukos to overweight, saying investors are overlooking the potential in its treatments for glaucoma, corneal disorders and retinal diseases — namely, iDose and iStent. GKOS 1D mountain Glaukos shares 1-day Glaukos shares are outstripping the major benchmarks this year, climbing 52% in 2023, while the S & P 500 is up 11%. Regardless, the analyst's $80 price target suggests shares have further to climb — more than 23% from Tuesday's closing price of $64.82. In particular, he called iDose the "most exciting" launch in midcap medtech, as he expects the treatment will be quickly adopted.
Persons: Piper Sandler, Matt O'Brien, O'Brien, Michael Bloom Locations: midcap
Here are Wednesday's biggest calls on Wall Street: JPMorgan reiterates Netflix as overweight JPMorgan raised its price target on the stock to $470 per share from $380 and says it's bullish on paid sharing. "We are raising our price target from $205 to $220 to reflect increased confidence in this upcoming iPhone cycle and reiterate Apple as an OUTPERFORM and Wedbush Best Ideas List name." Piper Sandler reiterates Amazon as overweight Piper raised its price target on Amazon to $150 per share from $130 and said it sees Amazon Web Services revenue bottoming later this year. Bank of America reiterates Nvidia as buy Bank of America said it sees "sustainable AI growth" for shares of Nvidia. " Jefferies reiterates Topgolf Callaway Brands as buy Jefferies said the combination of PGA and Liv Golf is bullish for Topgolf.
Persons: it's bullish, Wells, Wedbush, Morgan Stanley, Piper Sandler, Piper, We've, YTD, Canaccord, Mobileye, Rosenblatt, it's, Jefferies, Topgolf, Liv, bullish Organizations: JPMorgan, Netflix, Apple, AWS, Computer, Micro, Supermicro, Barclays, Bank of America, Nvidia, Broadcom, Topgolf Callaway Brands, UBS Locations: 2H23, GKOS, Midcap, Edgewater
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