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☆ There's a new top pick on Wall Street emerging in the media space
▼ + stars: | 2024-07-08 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

"Big picture - pricing and margin trajectory reinforces [overweight] thesis, top pick in media & entertainment," wrote Morgan Stanley analyst Benjamin Swinburne, referring to the audio streaming giant. The firm's $370 price target suggests 17% upside from Friday's close, while a $450 bull scenario implies that shares can rally 42%. The analyst also highlighted Spotify's leading product position, solid user growth runway and underappreciated earnings power among the reasons for the bullish thesis. Wells Fargo analyst Steven Cahall reiterated his overweight rating on Spotify and his $400 price target, citing long-term margin potential spurred by price hikes and a "margin accretive dynamic" with labels. The price increases should add 9.3% to year-over-year average revenue per user and offer a 905 million euro lift to 2025 revenues.

Persons: Morgan Stanley, Benjamin Swinburne, Swinburne, Morgan Stanley isn't, Wells, Steven Cahall Organizations: Spotify Technology, Spotify Locations: 2H24, EBITDA

Tuesday started with Nvidia getting more praise from one analyst, and a battery stock downgrade. She has a price target of $40 on shares, which suggests 20.3% upside potential from where shares closed on Monday. The firm initiated the stock with a buy rating and $125 price target, which suggests 7% upside from Monday's close. "3Q brings a narrative change in FREY's outlook with new risks to tech, strategy and funding that's been appropriately discounted by the stock market. He also slashed his price target to $2 from $13, which suggests 14.3% upside from Monday's close.

Persons: Tuesday, Morgan Stanley, Freyr, Paul Matteis, Matteis, Vistagen, — Hakyung Kim, BeautyHealth, Allen Gong, Gong, Benjamin Soff, Soff, Bernstein, Kraft Heinz, Alexia Howard, Howard, Miguel Patricio, Roth, Suji Desilva, Desilva, Morgan Stanley downgrades Freyr Battery Morgan Stanley isn't, that's, FREY, Adam Jonas, Jonas, Vivek Arya, — Fred Imbert Organizations: CNBC, Nvidia, Bank of America, Therapeutics Biotechnology, Vistagen Therapeutics, JPMorgan, Deutsche Bank, Rockstar, Kraft, Kraft Heinz, AMD, Investment, Freyr's, Nvidia Bank of America Locations: U.S, Monday's, Freyr's Norwegian

☆ Morgan Stanley says buy this real estate name focused on sustainability after sell-off
▼ + stars: | 2023-10-17 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +2 min

Hannon Armstrong 's improving fundamentals should lead to a turnaround for the stock, according to Morgan Stanley. Structured as a real estate investment trust, Hannon Armstrong provides renewable energy projects with debt and equity capital. HASI YTD mountain HASI YTD chart The analysts believe the selloff cannot be justified when given the company's strategic business decisions, along with its balance sheet flexibility and move toward an equity self-funding model. Additionally, Morgan Stanley noted that the sustainable investment firm's high cash flow can support steady dividends to come. Morgan Stanley isn't the only firm on Wall Street that likes Hannon Armstrong.

Persons: Hannon Armstrong, Morgan Stanley, Andrew Percoco, Hannon Armstrong's, HASI, Morgan Stanley isn't, Baird, — CNBC's Michael Bloom

☆ A revolution in weight loss treatment may force a reckoning for food and beverage companies
▼ + stars: | 2023-08-13 | by ( Christina Cheddar Berk | ) www.cnbc.com time to read: +10 min

One such prediction came Monday from Morgan Stanley analysts who forecasted a 1.3% drop in calorie consumption in the U.S. by 2035. The shift in behavior is notable because it will affect a sizeable demographic group that represents a disproportionate share of food consumption, the analysts said. In fact, some patients taking these medicines say they have to sometimes force themselves to eat due to a lack of appetite. These types of patterns were seen in consumer research Morgan Stanley conducted in June and July among 300 patients taking these medicines. Keurig Dr Pepper, with its coffee business accounting for about 30% of corporate sales, offers some diversification from at-risk beverage categories, Morgan Stanley said.

Persons: you've, Morgan Stanley, Pamela Kaufman, Read, Campbell, Mondelez, Eli Lilly's Mounjaro, Morgan Stanley's, Morgan, John David Rainey, We've, we're, Rainey, Dara Mohsenian, Eric Serotta, Dr Pepper Organizations: Hostess Brands, Hershey, Nordisk's Ozempic, Centers for Disease Control, Food and Drug Administration, Novo Nordisk, Industry, Lawmakers, Walmart Locations: U.S, Cava

☆ Stanley Black & Decker's turnaround is in full swing, and we're raising our price target
▼ + stars: | 2023-08-01 | by ( Jeff Marks | ) www.cnbc.com time to read: +6 min

With gross margins improving and earnings growth inflecting next year, we're sticking with the stock and looking to add to our position on potential pullbacks. As a result, we're raising our price target to $110 a share, up from $100. Taken together, the company's adjusted gross margins were 23.6%, down from last year's 27.9% rate. That's why we were pleased to see adjusted gross margins expand 50 basis points from the first quarter. This midpoint now factors in a "modestly lower" organic-growth rate, offset by stronger gross margins.

Persons: Stanley Black, Decker, it's, Stanley, Stanley isn't, Jim Cramer's, Jim Cramer, Jim, David Paul Morris Organizations: Revenue, Refinitiv, Stanley, Management, CNBC, Bloomberg, Getty Locations: Emeryville , California

☆ Top Tesla bull says the EV stock could see a setback after its breathless 115% rally
▼ + stars: | 2023-06-23 | by ( George Glover | ) www.businessinsider.com time to read: +3 min

Well-known Tesla bull Adam Jonas slashed his rating for the stock Thursday. Shares have jumped 115% year-to-date – and the Morgan Stanley analyst isn’t alone in advising investors to take some profits from that rally. "While the team has defended the Tesla [overweight] rating all year, I did not see this rally coming." But Morgan Stanley isn't the only bank to have slashed its Tesla rating this week. Read more: Tesla stock's dazzling rally is thanks to CEO Elon Musk's renewed focus on the EV maker, activist investor says

Persons: Adam Jonas, Morgan Stanley, isn’t, —, Jonas, Tesla, that'll, Musk, Linda Yaccarino, Morgan Stanley isn't, Dan Levy, Read, Elon Musk's Organizations: Service, Elon Musk's, EV, Ford, Barclays Locations: China

☆ Prepare for more stock-market jitters after the debt-ceiling deal, Morgan Stanley warns
▼ + stars: | 2023-05-30 | by ( George Glover | ) www.businessinsider.com time to read: +3 min

The debt-ceiling deal could drive up stock-market uncertainty, according to Morgan Stanley. Investors should brace themselves for a rise in uncertainty in the aftermath of the 11th-hour debt-ceiling compromise, according to Morgan Stanley. Morgan Stanley's Tirupattur said the Treasury would also likely issue a flurry of bills in a bid to raise more cash once a debt-ceiling deal has been voted through Congress. Investors snapping up these short-term bonds could "drain liquidity in the system" for stocks and other assets, Tirupattur wrote. Read more: Wall Street is bracing for stock market chaos as the debt-ceiling face-off drags on

☆ UBS likes these high-quality dividend stocks to weather a downturn
▼ + stars: | 2023-02-22 | by ( Fred Imbert | ) www.cnbc.com time to read: +2 min

UBS screened the S & P 1,500 for stocks that have a forward dividend of more than 2% and strong relative dividend growth expectations over the next six months. Here are eight stocks that made UBS' list. Discover Financial made the list, with a forward dividend of 2.2%. The name with the highest forward dividend yield on the list is billboard operator Lamar Advertising at 4.67%. Other names that made UBS' list include PepsiCo , Qualcomm , Broadcom , Ralph Lauren and ConocoPhillips .

☆ Morgan Stanley downgrades Chipotle, slashes price target on worries about foot traffic
▼ + stars: | 2023-01-17 | by ( Carmen Reinicke | ) www.cnbc.com time to read: +3 min

Morgan Stanley has grown more cautious on fast-casual name Chipotle after its data showed waning foot traffic. The firm downgraded shares from overweight to equal weight and cut its price target to $1,664 from $1,847 in a Tuesday note. Traffic slump In the future, Morgan Stanley will look to be more constructive on the name but sees it as more balanced today. "We think CMG remains well-positioned, but it doesn't necessarily have an edge on value." Pricing promos Chipotle may have some room to use promotional pricing in 2023 given their solid margins, but Morgan Stanley isn't sure they should take the opportunity.

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