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☆ UBS says to sell Caterpillar, citing sluggish growth outlook
  + stars: | 2023-03-10 | by ( Hakyung Kim | ) www.cnbc.com   time to read: +2 min
"We don't think there is enough cyclical momentum to justify the current valuation," Fisher wrote. "While we don't think the cycle is over, we don't expect substantial earnings growth (or upward estimate revisions) for 2024-25." "Backlog growth has been decelerating and appears set to roll over, and end market momentum is flattening in parts of construction and oil & gas," Fisher added. "After 27% EPS growth in 2022, we expect growth to slow to 16% in 2023E, and 4% in 2024, with 2025 roughly flat. Residential building, which accounts for roughly a quarter of the company's construction segment, has been stalling, Fisher added.
☆ Here are Thursday's biggest analyst calls: Apple, Tesla, Target, Goldman Sachs, Meta, FedEx & more
  + stars: | 2023-03-09 | by ( Michael Bloom | ) www.cnbc.com   time to read: +12 min
Bank of America reiterates Goldman Sachs as buy Bank of America said the investment bank is "best-in-class." Bank of America reiterates Taiwan Semiconductor as buy Bank of America said the semiconductor company has "strong AI potential." Evercore ISI reiterates Meta as a top pick Evercore named Meta a top pick, noting it still likes the company's business model. " Evercore ISI reiterates Meta as a top pickEvercore named Meta a top pick, noting it still likes the company's business model. Oppenheimer reiterates Meta as outperformOppenheimer said it's standing by its outperform rating on Meta.
☆ Here are Monday's biggest analyst calls: Tesla, Alphabet, Apple, Nvidia, Best Buy, Zillow & more
  + stars: | 2023-02-27 | by ( Michael Bloom | ) www.cnbc.com   time to read: +7 min
Goldman Sachs upgrades Nomad Foods to buy from neutral Goldman said it sees an "attractive investment opportunity" to invest in the frozen food company. Goldman Sachs upgrades Willis Towers Watson to buy from neutral Goldman said it sees a robust turnaround for the insurance company. Barclays reiterates Tesla as overweight Barclays said it's standing by its buy rating heading into Tesla's investor event on March 1. Raymond James upgrades Frontier to strong buy from outperform Raymond James upgraded the cable company after its "impressive" earnings report. UBS reiterates Apple as buy UBS said its survey checks show Apple is the preferred brand in both the U.S. and China.
☆ Top Wall Street analysts expect these stocks to thrive despite macro pressures
  + stars: | 2023-02-26 | by ( Tipranks.Com Staff | ) www.cnbc.com   time to read: +6 min
To help with the process, here are five stocks chosen by Wall Street's top pros, according to TipRanks, a platform that ranks analysts based on their track records. Drbul reiterated a buy rating on Walmart and a price target of $165. He reiterated a buy rating and increased his price target to $175 from $155. Following the fourth-quarter results, BTIG analyst Peter Saleh reiterated a buy rating and "Top Pick" designation on CHEF, with a price target of $48. Power maintained a buy rating on Datadog and a $100 price target.
☆ Analysts bail on Lyft after latest earnings, say Uber is cementing its place as leader
  + stars: | 2023-02-10 | by ( Sarah Min | ) www.cnbc.com   time to read: +4 min
Lyft shares fell more than 30% during Friday premarket trading as traders weighed a weaker-than-expected forecast from the ridesharing company in its most recent earnings report. LYFT 1D mountain Lyft shares tumble For market observers on Wall Street, that was hardly a good enough explanation. As of Thursday's close, Lyft shares jumped more than 47%, following a 74% drop in 2022. While the analyst did not have a price target available, his previous target in January was $24 for the stock. Lastly, Loop Capital's Rob Sanderson downgraded Lyft to hold from buy, and dropped the price target to $10 from $17.
☆ Tesla or Ford? Analysts name their favorite stock as the EV race heats up
  + stars: | 2023-02-06 | by ( Weizhen Tan | ) www.cnbc.com   time to read: +4 min
Ford's EV sales – currently at 3.6% of its monthly total sales – have been a major focus of Wall Street. Amid talk of an EV pricing war , who will win: Tesla, or Ford? Ford Bank of America in a Jan. 30 note called both Ford and Tesla's decision to cut prices "odd." Tesla Most analysts seem to be more optimistic on Tesla at present. For Tesla, analysts have an average price target upside of 1.8%, and 65% have a buy rating on the stock.
☆ Here are Monday's biggest analyst calls: Apple, Tesla, Amazon, Netflix, Spotify, Disney, Uber & more
  + stars: | 2023-02-06 | by ( Michael Bloom | ) www.cnbc.com   time to read: +7 min
Wells Fargo upgrades Spotify to overweight from equal weight Wells said the stock is coming off of "margin probation." Bernstein upgrades Diageo to outperform from market perform Bernstein said shares of the spirits company are compelling at current levels. " Wells Fargo reiterates Tesla as equal weight Wells said the industry dynamic surrounding EV pricing remains "challenged." Raymond James downgrades PayPal to market perform from outperform Raymond James said in its downgrade of PayPal that market share losses are growing. Cowen initiates Dick's as outperform Cowen said its survey checks show that Dick's continues to gain market share.
☆ Here are Monday's biggest analyst calls: Tesla, Apple, Netflix, Amazon, Chevron, Meta, Shopify & more
  + stars: | 2023-01-30 | by ( Michael Bloom | ) www.cnbc.com   time to read: +8 min
Morgan Stanley upgrades Colgate-Palmolive to overweight from equal weight Morgan Stanley said in its upgrade of Colgate that it sees an attractive entry point. "We upgrade shares from Neutral to Buy as we see the last of tough comparables for SHOP subsiding entering '23." Bank of America reiterates Meta as neutral Bank of America says it's cautious heading into Meta earnings on Wednesday. Berenberg upgrades Tesla to buy from hold Berenberg said in its upgrade of Tesla that "factory innovations support long-term margins." Morgan Stanley reiterates Southwest Airlines as overweight Morgan Stanley says it's sticking with shares of the airline.
☆ Analysts love these stocks that are flush with cash — giving one over 75% upside
  + stars: | 2023-01-22 | by ( Weizhen Tan | ) www.cnbc.com   time to read: +3 min
"We prefer companies generating cash rather than those that need capital to grow. The higher the free cash flow yield, the better a company's position to meet its debt obligations. A company with a high free cash flow is also able to access cash more quickly in the event of an emergency or opportunity. Using FactSet data, CNBC Pro screened for stocks that boast lots of cash and could be well positioned for a rocky year. U.S.-listed Chesapeake Energy Corporation was the only energy stock to appear on the screen, with its free cash flow yield at nearly 14%.
☆ China's exports seen cooling further in December on weak global demand, COVID woes: Reuters poll
  + stars: | 2023-01-12 | by ( ) www.reuters.com   time to read: +2 min
Imports are expected to have fallen at a slower pace at 9.8% over December, after a fall of 10.6% in November. With many of China's trade partners on the verge of going into recession, external demand is cooling, only adding to the pressure Chinese policymakers are under to stem the economic fallout of the spread of COVID. "The trade outlook could be a top threat to China's growth ambition next year," said analysts at Citi in a note. "We are concerned about the external demand amid global recession risks... our base case is a modest decline of exports in 2023E," they added. Reporting by Joe Cash; polling by Veronica Khongwir and Susobhan Sarkar; Editing by Raju GopalakrishnanOur Standards: The Thomson Reuters Trust Principles.
☆ Know what's in your ETFs: Wild divergence in retail funds to start 2023
  + stars: | 2023-01-11 | by ( Jesse Pound | ) www.cnbc.com   time to read: +3 min
At the same time, several online retail stocks have boomed, thanks in part to China abandoning its zero Covid policy. That has created a large gap between some retail ETFs, with broader funds lagging behind those with an e-commerce focus. For example, the Amplify Online Retail ETF (IBUY) and ProShares Online Retail ETF (ONLN) gained 7.7% and 8.1%, respectively in the first five trading days of the year. IBUY YTD mountain Online retail ETFs like IBUY are off to a fast start in 2023. Any reversal there could push retail ETFs that also hold more traditional "brick-and-mortar" stores, back into the lead.
☆ 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.
☆ Oppenheimer says buy Coinbase, a 'long-term survivors' in the crypto world
  + stars: | 2023-01-10 | by ( Samantha Subin | ) www.cnbc.com   time to read: +1 min
The long-term trajectory looks attractive for Coinbase , even as the company grapples with a "crisis of confidence" amid FTX's implosion, according to Oppenheimer. "While painful near term, Coinbase can be one of the few long-term survivors in this space, which we think makes it attractive," wrote analyst Owen Lau in a note to clients Monday. Coinbase shares seesawed before the bell, attempting to build on a 15% jump Monday. "With COIN trading at only 2.3x 2023E revenue versus 8.0x for comparable high-growth fintech stocks, we believe the stock is trading at a depressed multiple," Lau wrote. "COIN's near-term trading outlook is challenging, but interest income, consolidation, diversification, staking and crypto adoption continue to provide tailwinds longer-term."
☆ Amazon, Charles Schwab and Domino's: These are some of analysts' top picks for 2023
  + stars: | 2023-01-08 | by ( Fred Imbert | ) www.cnbc.com   time to read: +5 min
Despite the uncertainty surrounding the market to start the new year, Wall Street analysts see several stocks they like going forward. CNBC Pro combed the top 2023 picks from nine research firms to find the most common stocks between them. AMZN 1Y mountain Amazon in past year Another top pick shared among several analysts is brokerage Charles Schwab . "We like Schwab going into 2023 because of the downside protection and multiple avenues of upside it offers," wrote JPMorgan's Kenneth Worthington. Domino's Pizza , meanwhile, was named a top pick at Bank of America and BTIG after a tough year.
☆ Bank of America unveils the most 'attractive' must-own stocks for 2023
  + stars: | 2023-01-07 | by ( Michael Bloom | ) www.cnbc.com   time to read: +6 min
Bank of America analysts said this week there are several stocks every investor must own for 2023. CNBC Pro combed through Bank of America research to find its top stocks to own this year. Bank of America says China reopening is a positive catalyst likely to send Starbucks shares higher. Shares are up more than 25% over the last six months and Bank of America calls Tapestry one of its best ideas for 2023. Tapestry "Tapestry remains a top pick given our view of its sustainable pricing power and solid capital return plan.
☆ Wall Street analyst calls on Thursday including Tesla & Amazon
  + stars: | 2023-01-05 | by ( Michael Bloom | ) www.cnbc.com   time to read: +9 min
Barclays names Starbucks a top 2023 pick Barclays said the coffee giant is a "best-in-class" stock for 2023. UBS names Chipotle a top 2023 pick UBS said the Mexican chain restaurant is defensive in a "tough macro." Bank of America downgrades PNC to underperform from neutral Bank of America said shares of PNC are trading at a premium. Bank of America downgrades Ally Financial to underperform from buy Bank of America said Ally is most exposed to auto loans. Bank of America reiterates Amazon as buy Bank of America said Amazon layoffs are "not a positive signal, but good for sentiment."
☆ Bank of America downgrades logistics stock XPO, cites worsening outlook for smaller freight loads
  + stars: | 2023-01-03 | by ( Sarah Min | ) www.cnbc.com   time to read: +1 min
Analyst Ken Hoexter downgraded shares of XPO to neutral from buy, and lowered his price target, saying the logistics company will have to contend with a tougher outlook for less-than-truckload shipping. "We target XPO shipments/day to fall 3% year-year in 4Q22e and 2023e," Hoexter wrote. "LTL volumes are increasingly challenged, evident in ODFL and SAIA mid-quarter updates where daily tonnage for Oct/Nov was -9%/-7% and -8%/-9% year-year, respectively. FedEx also saw accelerating declines in LTL volumes (see F2Q23 Note) with shipments down 11% in Nov from -3% in June." The analyst roughly halved his price target, down to $35 from $60, implying shares have just 5% upside from Friday's closing price.
☆ Here are Tuesday's biggest analyst calls: Apple, Tesla, Hostess, Home Depot, Rivian, Netflix & more
  + stars: | 2022-12-20 | by ( Michael Bloom | ) www.cnbc.com   time to read: +9 min
Here are Tuesday's biggest calls on Wall Street: Atlantic Equities names Coca-Cola as a top 2023 pick Atlantic Equities said it sees "category momentum" for shares of the beverage giant. JPMorgan reiterates Apple as overweight JPMorgan cut its price target on Apple to $190 per share from $200 due to supply chain challenges concerns. JPMorgan names Amazon as a top 2023 pick JPMorgan said Amazon is the "most diversified mega-cap across revs/profit & has numerous large growth opportunities." JPMorgan resumes DuPont as overweight JPMorgan resumed coverage of the stock and said it sees several positive catalysts ahead. JPMorgan names Bank of America a top 2023 pick JPMorgan said it likes the stock due to a "lower share of nonprime consumer loans."
☆ UBS says shares in this global airline are set to soar by 55%
  + stars: | 2022-12-07 | by ( Ganesh Rao | ) www.cnbc.com   time to read: +2 min
Shares of London-listed airline easyJet are set to soar by 55% over the next year, according to UBS. The Swiss investment bank raised its price target to £6 ($7.34) a share after hiking its forecasts for passenger traffic and profitability at the pan-European airline. EasyJet's shares were trading at £3.87 on Tuesday afternoon, about 70% below its pre-pandemic levels. A recent decline in global oil prices and the dollar index works favorably for easyJet, analysts at UBS said. UBS forecasts the airline will reach 91% of its 2019 passenger volumes next year and return to pre-pandemic levels in 2026.
☆ JPMorgan double downgrades Royal Caribbean Group, says it's 'more vulnerable' to macro pressures
  + stars: | 2022-12-06 | by ( Sarah Min | ) www.cnbc.com   time to read: +2 min
Sell shares of Royal Caribbean Group as they could fall 20% from here, JPMorgan said Tuesday. Analyst Daniel Adam double downgraded shares to underweight from overweight, and slashed his price target, saying that Royal Caribbean is "more vulnerable" to macro pressures than its peers because of its future capital commitments. To be sure, Royal Caribbean has some advantages, including an 18% share of the cruise market that is expected to have a better setup heading into 2023. Shares of Royal Caribbean are down roughly 22% this year. The analyst's December 2023 price target of $47, cut from the December 2022 price target of $106, suggests roughly 20% downside from Monday's closing price.
☆ Roku's 'lack of profitability' justifies a discount to its peers, KeyBanc says in downgrade
  + stars: | 2022-11-29 | by ( Samantha Subin | ) www.cnbc.com   time to read: +1 min
Roku faces a challenging road to profitability, according to KeyBanc Capital Markets. The firm downgraded shares of the beaten-up streaming stock to sector weight from overweight in a note to clients Monday. Patterson noted that Roku's 2023 and 2024 enterprise value-to-sales multiples of 1.9 times and 1.6 times are well below peer expectations and historic averages of 3.7 times and 3.2 times, respectively. "However, we believe share losses and lack of profitability warrant a discount vs. peers," he said. The firm adjusted fourth-quarter estimates and 2022 to 2024 revenue, gross profit and EBIDTA estimates to reflect its sentiment shift.
☆ 'Compelling' and 'attractive': These stocks are firing on all cylinders, JPMorgan says
  + stars: | 2022-11-19 | by ( Michael Bloom | ) www.cnbc.com   time to read: +7 min
Analysts at JPMorgan said this week there's a whole host of stocks that they say are flying under the radar. CNBC Pro combed through top JPMorgan research to find some unique stocks that are just too compelling to ignore. At the same time, Allstate's low stock valuation is "compelling," with a "depressed multiple on depressed earnings." With visibility improving, now's the time to buy the stock, JPMorgan concluded. ... .Our positive view reflects an expected recovery in margins & ALL's compelling valuation.
☆ This under-the-radar cooler stock is ‘bear proof,’ Canaccord Genuity says
  + stars: | 2022-11-17 | by ( Samantha Subin | ) www.cnbc.com   time to read: +1 min
Investors should utilize the sharp pullback in Yeti 's stock to buy into a company with "solid fundamentals" at a steep discount, according to Canaccord Genuity. Analyst Brian McNamara initiated coverage of the cooler and drinkware maker with a buy rating in a note to clients Wednesday, saying the stock is as "bear-proof as its coolers" and calling the company an "iconic global lifestyle brand with staying power." Shares of Yeti have underperformed since the start of the year, falling 48% compared with a roughly 18% drawback in the S & P 500 . The firm's $58 price target suggests shares could rebound about 35% from Wednesday's close. "Despite its first 'miss & cut' as a public company with Q2 results and a potential risk that an incoming CFO could lower the bar, we believe market expectations are overly conservative," McNamara wrote.
☆ Here are Thursday's biggest analyst calls: Apple, Tesla, Meta, Alphabet, GM, Walmart, Coinbase & more
  + stars: | 2022-11-10 | by ( Michael Bloom | ) www.cnbc.com   time to read: +7 min
Here are Thursday's biggest calls on Wall Street: JPMorgan downgrades Roblox to neutral from overweight JPMorgan downgraded the stock after Roblox's earnings report, noting it now sees "modest" sales growth. Bank of America downgrades Silvergate to neutral from buy Bank of America said that Silvergate is losing it's first mover advantage. Bank of America downgrades Upstart to underperform from neutral Bank of America downgraded the consumer lending company and cited a tough macro environment. JPMorgan downgrades Vacasa to neutral from overweight JPMorgan said in its downgrade of the vacation booking company that trends appear soft. Bank of America reiterates Meta as neutral Bank of America said it's encouraged by the new "cost focus" at Meta as the company cuts jobs.
☆ Goldman says these 'attractive stocks' still have more room to run
  + stars: | 2022-11-05 | by ( Michael Bloom | ) www.cnbc.com   time to read: +7 min
Graphic Packaging Holding "Unique defensive growth at a discount," Goldman said recently of the commercial packaging materials company. Shares of Graphic Packaging are up almost 17% this year, and analyst Adam Samuelson said the stock remains attractive and compelling. Samuelson said Graphic Packaging is underappreciated by investors in that it's differentiated itself from competitors with its strong mix of cash flow and compounding earnings. Graphic Packaging is also a beneficiary of what Samuelson calls a "$12.5 billion market opportunity" as businesses and consumers shift from plastic to paper. Cintas "Healthy F1Q results, with attractive and resilient growth outlook for uniform rentals driven by pricing and no-programmer market.
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