[ad_1] BMO Capital Markets sees a big year ahead for biotech company Beam Therapeutics . Analyst Kostas Biliouris upgraded shares to outperform from market perform, saying he expects updates next year on a key partnership will drive upside for the gene-editing technology company. The analyst also hiked his price target …
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[ad_1] It’s time to move to the sidelines on Home Depot , according to Credit Suisse. Analyst Karen Short assumed coverage of Home Depot with a neutral rating, with a previous rating of outperform, saying the slowing housing market spells trouble for the home improvement retailer. “Our general view is …
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[ad_1] Elon Musk’s handling of Twitter is damaging sentiment around Tesla , according to Oppenheimer. Analyst Colin Rusch downgraded shares of Tesla to perform from outperform, saying he can no longer separate coverage of the electric vehicle maker from Musk ‘s controversial management of the social media platform. “While we …
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[ad_1] Shares of Warner Music Group could jump more than 20% from current levels, according to Atlantic Equities. Media analyst Hamilton Faber upgraded WMG to overweight, saying a recent analysis of the global music streaming market showed strong growth ahead for Warner, one of the “big three” music companies along …
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[ad_1] There’s trouble ahead for AT & T as it competes with Verizon , according to MoffettNathanson. Analyst Craig Moffett downgraded AT & T to underperform from market perform, saying it’s time to sell the stock ahead of 2023 after its outperformance this year. Shares of AT & T are …
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[ad_1] The outlook is rosy for SolarEdge Technologies and First Solar , according to Goldman Sachs. Analyst Brian Lee named the two solar stocks among his top picks heading into 2023, saying they can add to this year’s gains. “While solar equities outperformed in 2022 vs. R2K, stocks are still …
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[ad_1] As investors deliberate over whether the Federal Reserve can navigate a soft landing, CNBC Pro identified stocks that are cheap even in a recession. Investors are concerned that a raft of growing recessionary signals could mean there is little the Fed can do to avoid a recession next year …
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[ad_1] Piedmont Lithium is a best idea for 2023, according to Cowen. Analyst David Deckelbaum gave the emerging lithium producer an outperform rating, saying the stock could surge more than 60% next year on the back of strong commodity prices, and several North American projects. “PLL is positioned for a …
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[ad_1] Shares of Xponential Fitness could surge roughly 30% as the boutique fitness firm emerges as an industry leader, according to Citi. Analyst James Hardiman initiated coverage of Xponential Fitness with a buy rating, saying the franchisor behind the Club Pilates, YogaSix, Pure Barre classes and more is quickly expanding …
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[ad_1] Investors should load up on General Electric heading into 2023, according to Oppenheimer. Analyst Christopher Glynn upgraded the industrial giant to outperform from perform, saying several factors are boosting confidence in the stock next year, including a planned spinoff of its health care division and strong momentum for its …
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