Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Goldman Sachs downgrades"


12 mentions found


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 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.
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.
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 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.
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. "
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.
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."
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.
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 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.
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.
Total: 12