[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] Spinning off ESPN and ABC from Disney is the best move that CEO Bob Iger can make for the entertainment giant and its stock, according to Wells Fargo. The bank is predicting the split will likely come in late 2023, after Disney implements cost-cutting and balance-sheet initiatives. Those first …
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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] 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] Delivery volumes are gaining speed, and that could be a good thing for shares of Nio , Deutsche Bank said Thursday. Analyst Edison Yu opened a catalyst buy call on the electric vehicle stock, expecting an uptick in monthly sales for December. “Management indicated that it produced the 300,000th …
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[ad_1] A weakening macro environment could weigh on Marriott International in the months ahead, according to Barclays. Analyst Brandt Montour downgraded shares to equal weight from overweight, citing the lodging stock’s current trading price, which is now in line with Barclays’ target. “In 2022, we justified our OW based on …
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[ad_1] Carvana could stand to regain some of its lost share value despite current headwinds and bankruptcy fears, according to Citi. Analyst Ronald Josey initiated coverage at neutral. He set a price target of $5.50, which reflects a 11.1% upside over Monday’s closing price. Josey said Carvana currently accounts for …
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[ad_1] Norwegian Cruise Line ‘s recent rally makes the risk-reward outlook less attractive, according to UBS. Analyst Robin Farley downgraded the stock to neutral from buy and cut her price target by $5 to $19. Her new price target reflects an upside of 22.9%. “We believe the risk/return is skewed …
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