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Wells Fargo reiterates Nvidia as overweight Wells increased its price target on Nvidia to $1,150 per share from $970. Jefferies upgrades Boston Beer to buy from hold Jefferies said in its upgrade of the beverage company that it sees "multiple expansion." Bank of America reiterates Apple as buy Bank of America said it's sticking with its buy rating on shares of Apple. JPMorgan upgrades Planet Fitness to overweight from neutral JPMorgan said in its has increased confidence in Planet Fitness' growth. JPMorgan upgrades Vtex to overweight from neutral JPMorgan said it sees an attractive entry point for the software-as-a-service company.
Persons: Tesla, Goldman Sachs, Goldman, it's, Wells, ests, Jefferies, Beer, Roth, Morgan Stanley, GXO's, Baird, Oppenheimer, Edwards Organizations: Barclays, Oncology, Fulcrum Therapeutics, ISI, Nvidia, Jefferies, Boston Beer, GXO Logistics, Bank of America, Apple, HSBC, Citi, Weatherford, Energy, JPMorgan, LT, Fortrea Holdings, Edison International, RBC, North, Deutsche Bank, Amazon, Deutsche, Western Digital, Seagate Locations: China, North America
Here are Monday's biggest calls on Wall Street: Bernstein reiterates Apple as market perform Bernstein said it's concerned about disappointing iPhone revenues for Apple. Guggenheim upgrades AutoZone to buy from neutral Guggenheim said it sees "operational improvement" for the auto parts retailer. KeyBanc upgrades Visa and Mastercard to overweight from sector weight KeyBanc upgraded several credit card stocks on Monday and said it sees "growth durability." "Bank stocks face another year of uncertainty with revenue forecasts challenged, provisions for credit on the rise, and capital return mostly sidelined ahead of a recession." Bank of America names Ferrari a top 2023 pick Bank of America said the luxury car company has pricing power.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWarehouses are stocked ahead of the holiday season, says GXO's Malcolm WilsonMalcolm Wilson, the CEO of GXO Logistics Europe, joins 'The Exchange' to discuss warehouse supply ahead of the holiday season, labor availability for seasonal workers, and consumer spending confidence.
Logistics CEOs told Insider the picture going into peak season is less clear than in past years. "The consumer is going to have much more choice and availability," Malcolm Wilson, CEO of logistics firm GXO, told Insider. But no one knows if the customers will show up or not," Rubin told Insider. A "smooth" peak isn't necessarily a bad peak — what's almost certain though is that it will look bad compared to last year. "When I look at our customer base, what I see is a degree of optimism about the future, they're continuing to invest," Wilson told Insider.
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