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Search resuls for: "Goldman Sachs downgrades"


6 mentions found


☆ Goldman Sachs downgrades Western Digital, says stock can tumble nearly 15% in memory industry downturn
  + stars: | 2022-12-15 | by ( Samantha Subin | ) www.cnbc.com   time to read: +1 min
It's time to offload shares of Western Digital as the memory industry faces a severe slowdown, according to Goldman Sachs. Analyst Toshiya Hari downgraded the chip stock to sell from neutral in a note to clients Thursday, citing high inventory and slowing demand in the NAND flash memory business. The stock tumbled nearly 6% before the bell Thursday. Along with the downgrade, Hari trimmed estimates and cut the bank's price target on the stock to $31, implying more than 13% downside from Wednesday's close. In the same note, Hari reiterated Goldman's buy rating on Micron Technology , citing favorable tailwinds in the dynamic access memory, or DRAM business, which creates chips to store data within memory cells.
☆ Here are Monday's biggest analyst calls: Apple, Netflix, Disney, Microsoft, Robinhood, Gap & more
  + stars: | 2022-12-12 | by ( Michael Bloom | ) www.cnbc.com   time to read: +9 min
Stifel names Microsoft a top 2023 pick Stifel said it likes Microsoft's "strong product portfolio" for 2023. Goldman Sachs downgrades Ulta to neutral from buy Goldman said in its downgrade of the stock that it sees difficult comps. Evercore ISI names Netflix a top idea for 2023 Evercore said it sees "robust revenue growth" for Netflix in 2023. " Goldman Sachs upgrades Gap to buy from neutral Goldman said in its upgrade of the stock that it sees accelerated earnings growth. Cowen names Take-Two a top 2023 pick Cowen said the video game maker has a great "long-term track record."
☆ Goldman Sachs downgrades Cheesecake Factory, says traffic could keep falling amid inflationary pressures
  + stars: | 2022-12-12 | by ( Alex Harring | ) www.cnbc.com   time to read: +2 min
Inflationary challenges will bite into Cheesecake Factory 's stock next year, according to Goldman Sachs. Analyst Jared Garber downgraded Cheesecake Factory to sell from neutral. He also lowered his price target for the stock to $29, which reflects a downside of 12.2% over Friday's close. Garber said companies are experiencing a tougher economic backdrop as wages remain sticky and inflation pushes traffic down with consumers restricting spending. The Cheesecake Factory could see traffic decrease further than it already has, with the company currently underperforming the industry, based on a Goldman Sachs analysis.
☆ Here are Wednesday's biggest analyst calls: Tesla, Microsoft, Disney, Amazon, Alphabet & more
  + stars: | 2022-10-26 | by ( Michael Bloom | ) www.cnbc.com   time to read: +6 min
Bank of America downgrades Whirlpool to underperform from neutral Bank of America said there has been a severe drop in appliance demand. Bank of America reiterates Uber as buy Bank of America said it's staying "constructive" on Uber heading into earnings on Nov. 1. Morgan Stanley upgrades Discover to overweight from equal weight Morgan Stanley upgraded the stock on a potential buyback resumption. " Morgan Stanley reiterates Disney as overweight Morgan Stanley said Disney shares already have baked in macro risks. Morgan Stanley reiterates Tesla as overweight Morgan Stanley said it's seeing signs that Tesla is "taking steps to become a bigger player in its own battery supply chain."
☆ Here are Tuesday’s biggest analyst calls: FedEx, McDonald's, Lucid and more
  + stars: | 2022-09-27 | by ( Yun Li | ) www.cnbc.com   time to read: +3 min
Here are Tuesday's biggest calls on Wall Street. Cantor Fitzgerald initiates Lucid Group with an overweight rating The Wall Street firm said Lucid 's luxury and premium electric vehicles are more attractive than its peers. Lucid vehicles are designed to contain a luxurious interior and a compact, efficient exterior that results in more space for the passengers, thus termed the "Space Concept" by LCID. Lucid will compete in the global luxury car market, and the company's initial product, the Lucid Air, began deliveries to customers in 10/2021." Citi puts McDonald's on a 90-day negative catalyst watch The Wall Street firm put McDonald's shares on a 90-day negative catalyst watch in the face of foreign exchange headwinds and overall macroeconomic challenges.
☆ What Cramer is watching Tuesday — market extremely oversold, new signs of housing slowdown
  + stars: | 2022-09-27 | by ( Jim Cramer | ) www.cnbc.com   time to read: +4 min
Counterintuitive: Raymond James says buy homebuilder Lennar (LEN), raises price target to $90 per share from $75, despite surging mortgage rates. Morgan Stanley slashes price target on FedEx (FDX) in half to $125 per share. Citi put Dow stock McDonald's (MCD) on a "negative catalyst watch" and lowers price target to $246 per share from $275. Deutsche Bank raises PepsiCo (PEP) price target to $181 per from $179; keeps hold rating ahead of third-quarter results next month. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
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