Here are Friday’s biggest calls on Wall Street: Oppenheimer initiates Beazer Home at outperform Oppenheimer said shares of the homebuilder are compelling. “We are initiating coverage of Beazer Homes (BZH) with an Outperform rating and $37 price target.” Morgan Stanley reiterates Costco as overweight Morgan Stanley raised its price target on the stock to $855 per share from $780 following earnings. “We view COST as among the best compounding growth stories in Retail.” Wells Fargo reiterates Nvidia as overweight Wells said it’s standing by shares of Nvidia. “Our Overweight rating is based on our positive stance on Nvidia’s competitive positioning in gaming GPUs and expanding growth opportunities in data center, [high performance computing], and emerging / expanding AI opportunities (autonomous vehicles, healthcare, robotics, etc.).” Seaport upgrades Wynn to buy from hold Seaport said investors should buy the dip in shares of the casino company. “While Wynn has fared somewhat better than some of its peers (i.e., LVS and MGM), the decline is unwarranted, in our view, with Wynn having delivered strong Q1 results in Macau and showed continued resilience in Las Vegas.” Bank of America reiterates Apple as buy Bank of America says it’s bullish on an Apple AI iPhone. “We maintain our Buy rating on Apple for its multi-year upgrade cycle, gross margin upside and secular services growth. Wells Fargo upgrades Edison International to overweight from equal weight Wells says regulatory outcomes are improving for the California utility. “We upgrade EIX to OW and increase our [sum of the parts]-based PT to $86/sh from $72.” Jefferies reiterates Tesla as hold Jefferies said that Tesla’s auto advantage is shrinking for now. “A stagnant Tesla is a lesser threat to other OEMs until EV demand accelerates again.” Bank of America reiterates Qualcomm as buy Bank of America raised its price target on the stock to $245 per share from $180. “Qualcomm is well-positioned in large computing market.” Bank of America reiterates Dell as buy Bank of America said it’s sticking with its buy rating on the stock following earnings. “We reiterate Buy given that we are still in the early stages of AI adoption with continued strong pipeline and momentum around AI servers, where we think DELL will be able to capture higher AI margins over time.” JPMorgan upgrades Hormel to neutral from underweight JPMorgan said it sees a more balanced risk/reward for shares of the maker of Spam. “In addition, we believe most of Hormel’s core businesses are improving thanks to better innovation and higher ad spending. Retail segment sales were soft this quarter but some of the volume decline came from lower-margin whole bird turkeys and contract.” Wolfe upgrades Fifth Third to outperform from peer perform Wolfe called the Cincinnati-based regional bank a “steady” performer. ” FITB is a stable operator that we expect will block and tackle its way to generating the greatest alpha in our Regional Banks coverage over the next 12 months.” New Street initiates PayPal at buy New Street says it’s bullish on shares of PayPal. “Almost nine months in, new CEO Alex Chriss is looking to pivot PayPal to value (from price) and better leverage its unique two-sided (consumer/merchant) advantages it has over competitors, Adyen, Stripe & evenApple Pay.” Citi initiates Lionsgate at buy Citi said it’s bullish on shares of the movie company. “We are initiating coverage on Lionsgate Studios with a Buy rating and a $14 target price. LION has a long, successful track record as a pure play content company.” UBS upgrades Bilibili to buy from neutral UBS said the China internet company’s earnings showed a “solid ad performance.” “Despite the challenging macro landscape, Bilibili’s Q1 advertising revenue jumped 31% YoY, faster than any of its online media peers.” Morgan Stanley reiterates Rivian as overweight Morgan Stanley said the electric vehicle company is well-positioned. “We see Rivian as uniquely positioned within autos (other than Tesla) on scaling a fully integrated software stack critical to unlocking the AI opportunity… at a market value 1/60th that of Tesla.” Morgan Stanley reiterates Nio as overweight Morgan Stanley said it’s standing by its overweight rating on shares of Nio. “Our recent checks also suggest order momentum stayed solid lately with weekly order run-rate of around 6k.” JPMorgan upgrades NetApp to neutral from underweight JPMorgan upgraded the data infrastructure company following earnings. “We are upgrading shares of NetApp to Neutral from Underweight prior as our concerns around gross margin headwinds from a backdrop of rising memory prices has not transpired with the company executing robustly to manage the headwinds through pre-buy of memory while driving a richer portfolio mix in relation to higher margin all-flash drives.” Cantor Fitzgerald initiates Rubrik at overweight Cantor said it’s bullish on shares of the data security provider. “We believe Rubrik is the right Data Security & Resilience asset to invest in as the technology architecture is highly differentiated, built for the modern cloud era.” Rosenblatt initiates Quad/Graphics at buy Rosenblatt initiated the graphic design company at a buy and said shares are cheap. “We launch coverage of Quad/Graphics with a BUY rating, and $7.50 price target, seeing a company that, despite a difficult extended run as a public equity, is now trading at such a low level that a constructive value argument is compelled by cash generation, property value and a proven ability to manage debt in the face of headwinds.” Wells Fargo reiterates Tesla as underweight Wells says the automaker has “weak” fundamentals. “Despite the headline spin, TSLA’s fundamentals look weak with volumes slowing & the 0.99% U.S. Model Y financing offer likely implying a large price cut.”
Original news source Credit: www.cnbc.com
Apple Inc, Beazer Homes USA Inc, Bilibili Inc, Breaking News: Markets, Business News, Costco Wholesale Corp, Dell Technologies Inc, Fifth Third Bancorp, Hormel Foods Corp, Investment strategy, iPhone, Markets, NetApp Inc, Nio Inc, NVIDIA Corp, PayPal Holdings Inc, Quad/Graphics Inc, Qualcomm Inc, Rivian Automotive Inc, Rubrik Inc, Screaming Eagle Acquisition Corp, Tesla Inc, Wells Fargo & Co, Wynn Resorts Ltd
Friday’s biggest analyst calls include Apple & Nvidia added by News89 Team on
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