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☆ Goldman Sachs downgrades Tesla, citing difficult pricing environment for electric vehicles
▼ + stars: | 2023-06-26 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

Tesla's massive run-up is likely over for now, according to Goldman Sachs. Goldman did raise its price target to $248 from $185, but the new forecast still represents 3.4% downside from Friday's close. Delaney added that Tesla stock will still remain strong as the overall EV market continues to grow. Goldman now joins other major Wall Street shops including Morgan Stanley and Barclays in downgrading Tesla stock over the past week. TSLA YTD mountain Tesla stock has climbed more than 108% this year.

Persons: Goldman Sachs, Goldman, Mark Delaney, Delaney, Morgan Stanley, — CNBC's Michael Bloom Organizations: Tesla, Ford, Barclays

☆ Here are Thursday's biggest analyst calls: Nvidia, Tesla, Chipotle, Chevron, Netflix, Meta, Target and more
▼ + stars: | 2023-06-15 | by ( Michael Bloom | ) www.cnbc.com time to read: +9 min

Bernstein reiterates Target as outperform Bernstein said investors should buy the weakness in Target shares. UBS reiterates Chipotle as buy UBS said the Mexican chain is "well positioned w/ drivers to support transaction and sales growth." RBC reiterates Tesla as outperform RBC raised its price target to $305 per share from $212 and said it's bullish on Tesla's autonomy future. " TD Cowen reiterates Netflix as outperform TD Cowen raised its price target on the stock to $500 per share from $440 and says it's well-positioned. UBS reiterates Chevron as buy UBS said it sees "balance sheet strength & dividend growth" for Chevron.

Persons: Evercore, it's bullish, Emerson, Bernstein, Mizuho, Coinbase, Moody's, Guggenheim, McDonald's, Chipotle, Morgan Stanley, Goldman Sachs, Goldman, Wells, Wells Fargo, Tesla, it's, Oppenheimer, SoFi, Uber, Jefferies, TD Cowen, NFLX, Cowen, Stifel Organizations: ISI, Energy & Materials, Livent, HSBC, Emerson, " Bank of America, P, Bank of America, Citi, American Express Citi, American, Citi Credit Card, Travel & Entertainment, RBC, Nvidia, UBS, Mobile, Diageo, Spirits, Deutsche Bank, JPMorgan, Microsoft, Netflix, Corning, Chevron, Meta, DR Locations: Mexican, Allegiant, Edgewater

☆ Here are Friday's biggest analyst calls: Apple, Amazon, Broadcom, Bowlero, Microsoft, Rivian & more
▼ + stars: | 2023-06-02 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Here are Friday's biggest calls on Wall Street: Bank of America reiterates Broadcom as buy Bank of America raised its price target on the stock to $950 per share from $800 after Broadcom's earnings report on Thursday. "Our new PO of $950 (from $800) represents 21x CY24E EV/FCF as AI accelerates company growth potential. Bank of America reiterates Five Below as buy Bank of America said the discount retailer has "recession resilience." Bank of America upgrades Surgery Partners to buy from neutral Bank of America said the health care company has " favorable long-term tailwinds." Bank of America reiterates Lululemon as buy Bank of America said Lululemon is a "best-in-class growth story."

Persons: it's, Riley FBR, Riley, Piper Sandler downgrades, Piper, Morgan Stanley, Apple, it's bullish, Wells, Stifel, Goldman Sachs, Goldman, 100bps, Frank Klein, Tim Fallon, Tim Bei, Derek Mulvey, RIVN, Lululemon Organizations: Bank of America, Broadcom, Warner Music, JPMorgan, Energy, Surgery Partners, of America, Partners, Amazon, Microsoft, ISI, Barclays, Strategic Finance, Citi, Frontier Citi, LaGuardia, Spirit Airlines, Watch Locations: Valvoline, Biopharma, Agriculture, Normal , IL

☆ Here are Thursday's biggest analyst calls: Target, Tesla, Toast, Chevron, Meta, Toll Brothers and more
▼ + stars: | 2023-06-01 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

JPMorgan downgrades Okta to neutral from overweight JPMorgan Chase said it sees too many macroeconomic pressures for the company. " JPMorgan downgrades Target to neutral from overweight JPMorgan Chase said in its downgrade of the stock it sees a "weakening" consumer. Bank of America initiates Toast as buy Bank of America said the restaurant tech company is "best in class." JPMorgan upgrades Domino's Pizza to overweight from neutral JPMorgan Chase said in its upgrade of Domino's that it's too cheap to ignore. Bank of America reiterates Dick's as buy Bank of America said it's bullish on the company's new store format.

Persons: Goldman Sachs, Goldman, Johnson, it's, Salesforce, JPMorgan downgrades, JPMorgan Chase, we've, Horton, PulteGroup, TOST, BorgWarner, Morgan Stanley, Tesla, XOM, Cowen, Phillips, Wedbush, Macquarie, Dick's, it's bullish, DKS Organizations: AAP, Barclays, JCI, RBC, Chevron, JPMorgan, JPMorgan downgrades Target, Deutsche Bank, " Bank of America, Bank of America, Restaurant Association, BorgWarner Deutsche Bank, Citi, Meta, ExxonMobil, UBS, CSX, Garden Entertainment, Knicks, Rangers, Networks Locations: Europe, New York

☆ Here are Friday's biggest analyst calls: Apple, Coinbase, Western Alliance, Playboy, SolarEdge & more
▼ + stars: | 2023-05-05 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Morgan Stanley reiterates Apple as overweight Morgan Stanley said Apple is "delivering under pressure" after its earnings report on Thursday. Guggenheim upgrades Portillo's to buy from neutral Guggenheim said it sees multiple expansion for the restaurant chain. Goldman Sachs downgrades Atlassian to neutral from buy Goldman said the company's "cloud transition [is] likely taking longer than expected." UBS upgrades Shopify to neutral from sell UBS said in its upgrade of Shopify that it sees revenue upside. Jefferies initiates Playboy Group as buy Jefferies said it sees "significant upside" for the adult themed global media and lifestyle company.

☆ Here are Monday's biggest analyst calls: Apple, JPMorgan, Zillow, General Motors, Exxon, Tesla & more
▼ + stars: | 2023-05-01 | by ( Michael Bloom | ) www.cnbc.com time to read: +5 min

Here are Monday's biggest calls on Wall Street: Morgan Stanley upgrades General Motors to overweight from equal weight Morgan Stanley said the auto giant's stock is oversold. Guggenheim initiates Endeavor as buy Guggenheim initiated the sports and entertainment company and says it's "well positioned." Morgan Stanley reiterates Tesla as overweight Morgan Stanley said Tesla's price cuts are the best measure of electric vehicle demand. Morgan Stanley upgrades Logitech to equal weight from underweight Morgan Stanley upgraded the stock mainly on valuation. Guggenheim upgrades Teradata to buy from neutral Guggenheim upgraded the software company based on positive channel checks.

☆ Here are Monday's biggest analyst calls: Tesla, Walmart, First Republic, Nikola, McDonald's & more
▼ + stars: | 2023-04-10 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Monday's biggest calls on Wall Street: Bernstein reiterates Tesla as underperform Bernstein said more price cuts are coming for Tesla. Morgan Stanley reiterates Walmart as overweight Morgan Stanley said its latest survey shows Walmart+ membership is at a record. UBS reiterates McDonald's as buy UBS said the fast food giant is extremely well positioned. UBS upgrades Regions Financial to buy from neutral UBS said in its upgrade of the regional bank that it likes the company's balance sheet. Northcoast upgrades McDonald's to buy from neutral Northcoast said it sees improved profitability for McDonald's .

☆ Goldman Sachs downgrades this commercial real estate stock on difficult macro environment
▼ + stars: | 2023-04-10 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Goldman Sachs thinks commercial real estate giant Cushman & Wakefield will have a tough time navigating the current macro environment. Goldman added that Cushman's interest expenses have also risen considerably as benchmark rates continue to climb. CWK YTD mountain Shares of Cushman and Wakefield have been under immense pressure so far this year, and Goldman Sachs doesn't expect a company recovery this year. Shares of Cushman are down nearly 21% in 2023, as the broader commercial real estate sector faces turmoil. Meanwhile, a tightening of liquidity will continue to pose a challenge to real estate investors, Goldman estimates, which will "more than offsets any tailwinds from potentially lower rates."

☆ Here are Wednesday's biggest analyst calls: Meta, Charles Schwab, Apple, Spotify, Tesla & more
▼ + stars: | 2023-03-22 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Barclays reiterates Charles Schwab as equal weight Barclays said Street estimates are too high for Charles Schwab. Guggenheim upgrades Spotify to buy from neutral Guggenheim said Spotify shares present an attractive investment opportunity. Barclays upgrades Nike to overweight from equal weight Barclays upgraded the apparel giant after its strong earnings report on Tuesday. " Barclays reiterates Nvidia as overweight Barclays said Nvidia is still the "king" of AI after the company's GTC conference event Tuesday. Goldman Sachs reiterates Tesla as buy Goldman said Tesla is a key beneficiary of the Inflation Reduction Act.

☆ Here are Tuesday's biggest analyst calls: Apple, Meta, Harley-Davidson, Exxon, Amazon, Roblox & more
▼ + stars: | 2023-03-21 | by ( Michael Bloom | ) www.cnbc.com time to read: +5 min

Here are Tuesday's biggest calls on Wall Street: Morgan Stanley upgrades Meta to overweight from equal weight Morgan Stanley said it sees a more "structurally" disciplined company. " Morgan Stanley upgrades Emerson Electric to overweight from neutral Morgan Stanley said shares of the multinational tech company are too attractive to ignore. Morgan Stanley reiterates Apple as overweight Morgan Stanley said Microsoft is a long-term threat to Apple that's worth watching. Morgan Stanley upgrades Harley-Davidson to overweight from equal weight Morgan Stanley said the stock is attractive at current levels. Morgan Stanley reiterates Exxon as overweight Morgan Stanley said it likes the oil and gas giant's robust "competitive positioning."

☆ Here are Tuesday's biggest analyst calls: Apple, Tesla, Dick's, Costco, Snowflake, Meta, Dish & more
▼ + stars: | 2023-02-28 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Tuesday's biggest calls on Wall Street: Mizuho reiterates Tesla as buy Mizuho said it's standing by its buy rating heading into the company's analyst day on March 1. Barclays reiterates Apple as equal weight Barclays said low growth in the App Store is the "new norm" for Apple. Morgan Stand reiterates Dick's as overweight Morgan Stanley said it's standing by its overweight rating heading into Dick's earnings on March 7. Bank of America downgrades Dish to underperform from buy Bank of America said it sees inflationary pressure for the satellite TV company. Deutsche Bank reiterates Salesforce as buy Deutsche Bank said it's standing by shares of Salesforce heading into earnings on Wednesday.

☆ Goldman Sachs downgrades Arconic, cites uncertain demand outlook in Europe
▼ + stars: | 2023-02-28 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

It's time to sell shares of Arconic , according to Goldman Sachs. Analyst Emily Chieng downgraded the aluminum products maker to sell from neutral, citing a weak European demand outlook. ARNC 1D mountain Arconic shares fall premarket Shares of Arconic this year have gained about 4.6% following a roughly 36% slump in 2022. Chieng trimmed the firm's price target to $21 from $23 a share, representing more than 5% downside from Monday's close. Shares fell about 4% premarket.

☆ Goldman Sachs downgrades Yeti as growth slows, consumer demand softens
▼ + stars: | 2023-02-24 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

The growth outlook for Yeti Holdings looks murky in the months ahead, according to Goldman Sachs. Analyst Brooke Roach downgraded shares of the cooler company to neutral from buy, citing a tougher sales backdrop and softening consumer demand that should hinder growth near term. YETI YTD mountain Yeti shares this year The stock fell 2% before the bell Friday. Shares of Yeti are down about 5% this year and have tumbled 57% since Goldman Sachs initiated coverage with a buy rating. Yeti also faces rising competitive pressures in the drinkware market, and higher selling, general and administrative expenses should hamper margin improvement, Roach said.

☆ Here are Tuesday's biggest analyst calls: Apple, Disney, Meta, Alphabet, Tyson Foods, Target & more
▼ + stars: | 2023-02-07 | by ( Michael Bloom | ) www.cnbc.com time to read: +5 min

Here are Tuesday's biggest calls on Wall Street: Citi reiterates Disney as buy Citi said it's bullish heading into Disney earnings Wednesday. Goldman Sachs downgrades Tyson Foods to neutral from buy Goldman downgraded the poultry company after its earnings report on Monday and said it sees cyclical headwinds for Tyson. Jefferies reiterates Target as buy Jefferies said it sees "comp sales upside" ahead for Target. Wells Fargo initiates iRhythm Technologies as overweight Wells initiated the digital health care cardio company and said it sees upside and share gains. Goldman Sachs reiterates Pinterest as buy Goldman said it's standing by shares of Pinterest after its earnings report on Monday.

☆ Goldman Sachs downgrades Tyson Foods, says poultry stock's trajectory is uncertain after latest earnings
▼ + stars: | 2023-02-07 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

Analyst Adam Samuelson downgraded the food producer to neutral from buy after Tyson's latest quarterly report showed significant underperformance across the company — particularly its chicken segment. The company's reported earnings per share of 85 cents for its first fiscal quarter. "Put together, we see a more uncertain trajectory for Chicken segment profitability into FY24 and have less confidence in the business returning to previously articulated 6-8% normalized margins," the analyst added. Tyson shares fell 4.6% on Monday after the company announced its quarterly earnings. TSN 1Y mountain TSN in past 12 months —CNBC's Michael Bloom contributed to this report.

☆ Goldman Sachs downgrades Funko, cites risks to toymaker's long-term growth plans
▼ + stars: | 2023-02-01 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

Goldman Sachs thinks it's time to dump Funko 's stock as the toymaker has little room for error to execute its long-term growth plans. Analyst Stephen Laszczyk downgraded the stock to sell from neutral and set his price target to $8.50, presenting a 30% downside from Tuesday's close. Laszczyk added that other headwinds for Funko include continued pressure on its margins stemming from the company's limited execution on direct-to-consumer retail and international expansion. Funko shares have rallied 10.9% this year, though they are down 31.5% in the past 12 months. Laszczyk also downgraded Hasbro to neutral from buy, noting there's upside for the company, but not until it deleverages its balance sheet.

☆ Here are Wednesday's biggest analyst calls: Apple, Amazon, Target, AMD, Exxon, Snap, Nike & more
▼ + stars: | 2023-02-01 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Morgan Stanley reiterates PayPal as overweight Morgan Stanley said it's standing by shares of PayPal but that Apple Pay is a formidable competitor for the company. Morgan Stanley initiates Rocket Pharmaceuticals as overweight Morgan Stanley said in its initiation of Rocket Pharmaceuticals that it likes the company's pipeline. Morgan Stanley reiterates Amazon as overweight Morgan Stanley said it's bullish on Amazon's Buy with Prime service for merchants. Morgan Stanley reiterates Walmart as overweight Morgan Stanley said growth remains strong for the Walmart's subscription service, Walmart+. " Morgan Stanley reiterates McDonald's as overweight Morgan Stanley said the fast food giant is well positioned for 2023 after it reported strong earnings on Tuesday.

☆ Here are Friday's biggest analyst calls: Intel, Apple, Amazon, McDonald's, Tesla, Sunrun, Meta & more
▼ + stars: | 2023-01-27 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

Citi reiterates Apple as buy Citi says it's sticking with its buy rating heading into earnings next week. We maintain our Buy rating." Citi reiterates Intel as neutral Citi says it's standing by its neutral rating on the stock, but that Intel's earnings report on Thursday was "bad news." Wells Fargo reiterates Amazon as overweight Wells says it's standing by its buy rating heading into Amazon earnings on February 2. Argus reiterates Tesla as buy Argus says it's sticking with its buy rating after the company's earnings report earlier this week.

☆ Here are Friday's biggest analyst calls: Tesla, Apple, Amazon, AMC, Netflix, Caterpillar & more
▼ + stars: | 2023-01-13 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Friday's biggest calls on Wall Street: Bank of America upgrades Caterpillar to buy from neutral Bank of America said in it sees a multiyear growth story for the industrial giant. Guggenheim downgrades Tesla to sell from neutral Guggenheim said numbers are too optimistic ahead of Tesla 's earnings later this month. Deutsche Bank downgrades Logitech to hold from buy Deutsche said it's concerned about weakening PC demand trends. Bank of America reiterates Alphabet as buy Bank of America said it's standing by its buy rating on the stock, but that it sees further headcount reductions this year. Bank of America names Netflix a top pick Bank of America said Netflix is one of the best positioned media company's for the permanent shift to streaming.

☆ Goldman Sachs downgrades Lockheed Martin, says shares could fall 28% if government reduces defense spending
▼ + stars: | 2023-01-13 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Goldman Sachs sees potential pressure to Lockheed Martin 's stock if the U.S. tries to rein in spending. Defense stocks could suffer if defense budgets, valuations or their earnings come off the near all-time highs they are currently running near, he said. Poponak downgraded Lockheed Martin to sell from neutral, nothing that the company is particularly vulnerable to any changes in government budgets with 75% exposure. Beyond changes to the government budget, Poponak expects financial losses from halted deliveries of its F-35 jets due to a December incident that is still being investigated. Inflation will also limit organic growth in the coming years, he said, leading to a mid-2020s recovery just to where Lockheed Martin performed in 2021.

☆ Goldman Sachs downgrades defense stocks, cuts Lockheed, Northrop Grumman, Raytheon
▼ + stars: | 2023-01-13 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGoldman Sachs downgrades defense stocks, cuts Lockheed, Northrop Grumman, RaytheonThe "Halftime Report" traders debate the biggest analyst calls of the day.

☆ Here are Wednesday's biggest analyst calls: Apple, Tesla, Netflix, Amazon, Salesforce, Levi's & more
▼ + stars: | 2023-01-11 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

Bank of America downgrades Coinbase to underperform from neutral Bank of America said it sees too many headwinds for the crypto exchange. Goldman Sachs downgrades Jefferies to neutral from buy Goldman said it sees a "backlog decline" for the investment bank company. Bank of America upgrades Toll Brothers and Pulte Group to buy from neutral Bank of America upgraded several homebuilders, citing compelling valuations. "We upgrade PulteGroup to Buy (from Neutral), Toll Brothers to Buy (from Neutral), and Lennar to Neutral (from Underperform). Bank of America upgrades Dow to neutral from underperform Bank of America said it's taking a more "offensive" approach to the stock.

☆ Goldman Sachs downgrades this stock as auto market faces a tough macro outlook, names Tesla a top pick
▼ + stars: | 2023-01-11 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Shares of Keysight Technologies look poised for a reset as both the auto and communications infrastructure industries face a difficult macro environment ahead, according to Goldman Sachs. Analyst Mark Delaney downgraded shares of the electronic design and test solutions company that supplies products to the industries like autos, to neutral from buy. He cited increased exposure to a dwindling communications infrastructure market and the company's premium valuation relative to peers. "We expect a slowdown in telecom/communications infrastructure capex given the weaker macroeconomic backdrop, which could negatively impact Keysight's business in our opinion," Delaney wrote in a Tuesday note. Delaney also named General Motors and Tesla as his favored picks in 2023, noting that both companies are leading the way in autonomy.

☆ Here are Monday's biggest analyst calls: Apple, Tesla, Amazon, Netflix, Alibaba, Meta, Uber & more
▼ + stars: | 2023-01-09 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

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.

☆ Here are Thursday's biggest analyst calls: Tesla, Amazon, Nike, Nio, Verizon, Disney, Snap & more
▼ + stars: | 2022-12-15 | by ( Michael Bloom | ) www.cnbc.com time to read: +9 min

Guggenheim names Nike a top 2023 pick Guggenheim said Nike's brand remains "healthy and strong." Bank of America names Amazon a top 2023 pick Bank of America said Amazon is a "share gainer" that will continue in 2023. " Morgan Stanley upgrades Verizon to overweight from equal weight Morgan Stanley said Verizon shares are "historically" attractive. Morgan Stanley downgrades AT & T to equal weight from overweight Morgan Stanley said it sees a more balanced risk/reward. Morgan Stanley downgrades Lockheed Martin to equal weight from overweight Morgan Stanley said it sees more "limited upside" for shares of the defense company. "

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