[ad_1] The Inflation Reduction Act, recent share underperformance and an attractive valuation all make Wallbox a buy, Bank of America said Thursday. Analyst Alexander Virgo upgraded the Barcelona-based maker of home electric vehicle chargers to buy from neutral. The analyst did trim his price target on the stock to $10 …
Read More »Morgan Stanley downgrades Meta after earnings miss, cites higher spending
[ad_1] Meta’s latest quarterly earnings results should give investors pause, according to Morgan Stanley. Analyst Brian Nowak downgraded shares of Meta to equal weight from overweight and roughly halved his price target on the social media stock, citing higher capital expenditures and lower free cash flow from the company. “We …
Read More »Analysts worry about Meta as Facebook parent to spend more on metaverse
[ad_1] Meta ‘s third-quarter results have Wall Street analysts split on the struggling tech stock. Shares of Meta plunged 23% in Thursday premarket trading after the social media company reported an earnings miss and issued a weaker-than-expected forecast for the fourth quarter. The tech stock is already down more than …
Read More »Buy this resilient sports retailer with strong Nike ties, Bank of America says in upgrade
[ad_1] Hibbett ‘s strong relationship with Nike should help boost share gains for the sporting goods company going forward, Bank of America said. Analyst Alexander Perry upgraded shares of Hibbett to buy from neutral and upped the bank’s price target on the stock to $75 from $66 share in a …
Read More »Raymond James upgrades AT&T to strong buy, says telecom giant can surge 40%
[ad_1] AT & T ‘s prospects keep getting better, according to Raymond James. Analyst Frank G. Louthan upgraded shares of AT & T to strong buy from outperform, saying the telecommunications company’s return to its core business has improved the stock. “We believe this stronger rating is appropriate given AT …
Read More »Bank of America downgrades Meta, says lower ad spending could hurt Reels
[ad_1] Investors should hold off on Meta as it heads into earnings this week, according to Bank of America. Analyst Justin Post downgraded shares of Meta to neutral from buy, saying there is likely greater ad spending pressure ahead that could hurt Meta’s Reels business. “[While] 4Q & 2023 expectations …
Read More »These little-known software stocks are poised for big gains going forward, Goldman Sachs says
[ad_1] It’s time to buy emerging software stocks Vertex and Workiva , according to Goldman Sachs. Analyst Adam Hotchkiss initiated coverage of the two companies with buy ratings while identifying firms supporting “essential” processes that have the greatest upside from here. “We believe that growing complexities impacting back office functions …
Read More »Telsey downgrades Under Armour, says it will continue to struggle with excess inventory
[ad_1] Under Armour will continue to struggle with excess inventory, according to Telsey Advisory Group. Analyst Cristina Fernández downgraded shares of Under Armour to market perform from outperform, pointing to warnings in recent weeks from competitors adidas and Nike on high inventory. “Given the pressures being faced by the sporting …
Read More »Raymond James upgrades Juniper Networks to strong buy, says stock can rally 30%
[ad_1] It’s time to buy Juniper Networks , according to Raymond James. Analyst Simon Leopold upgraded shares of Juniper Networks to strong buy from outperform, saying the provider of internet routers has plenty of upside going forward. “We see new router wins initiating a new cycle, led by deals like …
Read More »JPMorgan upgrades Netflix, says shares can rally nearly 40% as streamer focuses on ad tier
[ad_1] Netflix ‘s third-quarter results and upcoming initiatives signal that the streaming giant’s revenue troubles are largely behind it, JPMorgan said. Analyst Doug Anmuth upgraded the streamer stock to overweight from neutral, saying in a note to clients Wednesday that Netflix’s foray into advertising should pay off over time. “Coming …
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