In the latest updates from Wall Street, several major investment firms have made calls on various companies. Morgan Stanley reiterated its overweight rating on Tesla, highlighting the growing importance of AI in the automotive industry. Piper Sandler also reiterated its overweight rating on Nvidia ahead of its earnings report, citing strong fundamentals. Similarly, Morgan Stanley reiterated its overweight rating on Meta, emphasizing the potential for increased monetization with the adoption of its Reels product.
Additionally, Morgan Stanley identified Dell as a top pick in the PC OEM and MDG sectors, citing opportunities in AI PCs. Other notable calls include JMP’s positive outlook on Coinbase, Oppenheimer’s optimism on Costco, and Bank of America’s buy rating on Alphabet. Oppenheimer also reiterated Chipotle as an outperformer and raised its price target.
Goldman Sachs upgraded Shopify to Buy, while Piper Sandler upgraded Kraft Heinz to overweight. UBS initiated coverage on JFrog and Elastic with buy ratings, while Benchmark reiterated its buy rating on Brunswick and UBS initiated coverage on JFrog as a buy. Rosenblatt maintained a buy rating on Atlanta Braves Holdings, emphasizing its merger-driven potential.
Deutsche Bank initiated coverage on Waste Management as a buy, while Morgan Stanley downgraded Box to equal weight and Oppenheimer downgraded Generac to outperform due to valuation concerns. Morgan Stanley also downgraded International Flavors to equal weight, citing limited upside potential. Jefferies upgraded Prudential and Lincoln National to Buy, and Needham upgraded Stryker to Buy.
In the tech sector, Morgan Stanley reiterated its overweight rating on Ferrari, praising the automaker’s luxury attributes. Goldman Sachs maintained its buy rating on Microsoft after the Microsoft Build conference, while Bank of America downgraded Garmin to underperform due to rich valuation.
Lastly, Bank of America reiterated its buy rating on Goldman Sachs, with a raised price target. The firm remains optimistic about the investment banking giant’s potential for future growth.
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