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Here are the biggest calls on Wall Street on Thursday: Citi reiterates what a neutral Citi said is waiting for a better entry point for Tesla stock. “We’re on the sidelines on Tesla stock, waiting for a more attractive entry point.” Piper Sandler launches Edgewise Therapeutics due to overweight Piper sells biopharmaceutical company’s products He said he likes the pipeline. “We begin coverage on Edgewise Therapeutics, Inc., with a PT and OW rating of $48.” ”. “In our view, Rivian is closest to Tesla in ‘spirit’ with a unique software stack, strong brand identity, global potential, and similar growing pains.” Neutral UBS reiterated Apple, as UBS said its checks showed Apple’s February App Store revenue was strong. “Our analysis of Apple’s App Store shows February revenue was up 10.5% year-over-year (source: Sensor Tower), accounting for the extra day in the leap year, up from the ~10% growth trend seen since September. 23, but significantly better than in January, when sales rose ~5% year-over-year.” Bank of America Upgrades SBA Communications to Acquisition from Neutral Bank of America , said investors should buy the drop in cell phone tower company stocks. “SBAC is trading at multi-year lows and we believe it is pricing in the known 24/25 headwinds.” Mizuho Reiterates NVIDIA Acquisition Mizuho Sets Target Price Per Share The price was increased from $850 to $1,000. “NVDA continues to be the biggest near-term AI winner, with AMD and AVGO also benefiting greatly.” Deutsche Bank reiterates what it said is bullish on Amazon’s advertising opportunities do. “Amazon should be able to deliver $4 billion in ad spend for Prime Video in 2024, and that number could easily grow towards $6 billion by 2025…” Morgan Stanley launches Arcellx As Morgan Stanley said at the launch of Arcelx, the cell therapy company said: Best in class potential. “Differentiated CAR-T” [ Chimeric antigen receptor ] Platform from established CAR-T partners. JPMorgan Downgrades Victoria’s Secret from Neutral to Underweight JPMorgan has downgraded Victoria’s Secret following the company’s financial results. Digging deeper into the tone of the holiday season, management said November’s positive performance eroded significantly in the first two weeks of December, with January leading to a -6% overall quarterly comp. Jefferies launches Vertex as an acquisition At the launch of Vertex, Jefferies calls the biopharmaceutical company an “obesity company”. A player who said that. ” “A strong mid-term obesity player with rare value. Jefferies downgrades Nordstrom’s rating from buy to hold He said Jefferies said Nordstrom’s margins continue to be “disappointing.” Jeffries names Pinterest as a top pick. Jeffries said investors should buy the decline in Pinterest stock. “The bullish scenario suggests a 20% chance, so Low stock prices will attract buyers.” + Sales growth in 2024 is due to 1) increased advertising load, 2) 3P advertising partnerships, and 3) return to growth in advertising prices.”Bernstein said Li Auto Goldman Sachs reiterates that it has outperformed Bernstein and said investors should buy the Chinese car company’s momentum. Group Acquisition Begins Goldman said the combined UFC and WWE company is “well positioned.” Evercore ISI reiterates that Microsoft has said Evercore is bullish on the company’s AI opportunities. In our five-year outlook, we estimate that Gen AI could drive up to $82.5 billion in revenue growth for Microsoft in 2028, based on our “baseline” scenario, which is This would boost our 2028 revenue forecast by 24%. ” A neutral UBS said paint companies were “well prepared for a market recovery,” adding that “SHW is well-positioned to capture this growth as we begin to see a shift in U.S. cash register data.” I believe that there is,” he said. Mr. Telsey said Foot Locker’s profit margins appear to be recovering slowly. “Florida – Downgraded to Market Perform due to slow recovery in operating margins.” Redburn Atlantic Equities downgrades On Holding from buy to neutral He said the company was overvalued. “While our optimism about the long-term business potential remains largely unchanged, valuations are catching up with that positivity, and the sportswear industry landscape presents opportunities as well as challenges in 2024. Our view is conservative as upside potential is limited.” Bank of America Names UnitedHealth a Top Stock He said they should buy into the big players’ opportunities. “UNH currently trades at 82% of its market multiple (it has traded above this level 95% of the time over the past 10 years), which is an attractive value, and we believe it is makes it a top MCO pick.” Prosecutor Davidson Adds Deere to Gold Trophy List Prosecutor Davidson said the stock is very attractive at the moment. “Deere & Co. (DE) is a world leader in heavy-duty tractors, combines, and related agricultural equipment.” TD Cowen Upgrades Shake Shack to Outperform Market Performance ” said he liked it. “We raise our price target to $125 and rate the stock as a top mid-cap and No. 2 overall.” RBC upgrades EVgo to outperform sector performance, says weak demand presents opportunity for charging companies said. “Weak EV demand and high interest rate environment have sidelined smaller competitors, giving EVgo a further established competitive moat and continuing to pursue disciplined investment opportunities to drive higher utilization and charging rates. Bank of America begins acquisition of Catalyst Pharma Bank of America says the stock is an “undervalued biotechnology company” ”. “We believe Catalyst Pharma (CPRX) is a unique conglomerate of innovative therapies in the premium multiple rare disease space.” Baird upgrades Akamai from Neutral to Outperform. Baird said investors should buy the drop in the cloud computing company’s stock. “We are taking advantage of recent weakness to raise our rating on AKAM from Neutral to Outperform.” Bank of America Upgrades Edwards Life Sciences from Neutral to Acquire He said technology companies were “back to double-digit growth.” “EW now believes he has a good chance of sustaining double-digit revenue/EPS growth going forward.” Stifel upgrades Micron to Hold Buy He said that there is. “Thus, we see Micron’s leverage coming back (historically DRAM is over 80% of profits). We also think the consensus forecast for 2025 is significantly wrong and too low. Cantor Fitzgerald launched Despegger.com, calling him “the unconventional travel leader in Latin America.” “We begin coverage of Desperger with an OW rating and his 12 months at $11 PT.”
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