[ad_1] Investors should consider buying shares of Mobileye Global, a company developing autonomous driving technology for cars, Goldman Sachs said. Analyst Mark Delaney initiated coverage of Mobileye Global with a buy rating, saying the maker of technology for self-driving cars can gain market share in a competitive market. The analyst’s …
Read More »Goldman Sachs upgrades this new shoe stock, predicts 65% upside as more on Wall Street get on board
[ad_1] Shares of On Holding can surge more than 65% as more people on Wall Street get on board with the Swiss footwear sneaker company, according to Goldman Sachs. Analyst Richard Edwards upgraded shares to buy from neutral, but lowered his target price, saying investors can expect “rapid growth” from …
Read More »Bank stock Comerica can jump more than 20% from current levels, Raymond James says in upgrade
[ad_1] It may be time to buy Comerica after its recent stock underperformance, according to Raymond James. Analyst Michael Rose upgraded shares to outperform from market perform. The analyst also has a price target of $85 per share on the financial services stock, which represents upside of roughly 21.6% from …
Read More »Goldman Sachs names Amazon and Etsy as top stocks heading into 2022 holiday season
[ad_1] Goldman Sachs named Amazon and Etsy as top stock picks heading into 2022 holiday season. Analyst Eric Sheridan expects growth will decelerate in the fourth quarter for retailers, as they deal with a longer and more promotional end-of-the-year period than normal. Companies are dealing with the effects excess inventory, …
Read More »Morgan Stanley downgrades Rent the Runway, cites ‘volatile’ business growth
[ad_1] Rent the Runway is a “show-me story” for now, according to Morgan Stanley. Analyst Lauren Schenk downgraded shares to equal weight from overweight, and slashed her price target, citing data that points to a more challenging path ahead for the online retailer. “Recent data suggests a meaningful October slowdown …
Read More »BMO downgrades Target, citing persistent inventory challenges ahead
[ad_1] BMO Capital Markets is losing faith in Target ‘s growth story given the challenges it faces ahead. Analyst Kelly Bania downgraded the retail stock to market perform in a note to clients Wednesday, saying that sufficiently matching inventory to demand will likely persist as a challenge for Target in …
Read More »Oppenheimer downgrades Carvana as risks mount for the used car platform
[ad_1] Oppenheimer has grown increasingly concerned about Carvana ‘s near-term prospects despite seeing clear long-term potential. Analyst Brian Nagel downgraded the used car platform to perform from outperform. It also removed a price target of $100, which would have implied an upside of 926.7% from where the battered stock closed …
Read More »Bank of America says Hasbro could fall 34% as company ‘kills’ ‘Magic: The Gathering’ card game
[ad_1] Hasbro is trying to squeeze extra money out of “Magic: The Gathering” fans in the short term, Bank of America says. That could hurt the long-term business. Analyst Jason Haas downgraded the toy stock to underperform from buy as recent changes to the “Magic” cards brand amount to Hasbro …
Read More »UBS calls Ralph Lauren a ‘turnaround stock,’ sees fashion brand rallying 36%
[ad_1] Changes in Ralph Lauren ‘s business make the clothing brand a good investment coming out of the pandemic, according to UBS. Analyst Jay Sole reiterated his buy rating and increased his price target to $130 from $128, which implies an upside of 36.2% over Thursday’s close. “We view RL …
Read More »Deutsche Bank names Walmart a top pick, sees more outperformance from the retail giant
[ad_1] Even as other retail companies struggle, Walmart is poised to outperform as more consumers look for value, according to Deutsche Bank. Analyst Krisztina Katai named the big-box retailer a top pick, calling the stock a defensive winner that will build on its recent gains. Walmart shares are up nearly …
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