Welcome to Extreme Investor Network, where we bring you the latest and most up-to-date information on the biggest calls on Wall Street. Today, we’re diving into some recent updates from top financial firms that could impact your investment decisions.
Evercore ISI has reiterated Amazon as overweight ahead of their earnings later this week. Analysts believe that an In-Line & Lower quarter is the most likely outcome for AMZN’s Q3 EPS results. Additionally, Evercore ISI is sticking with Uber as overweight and expects a Modest Beat & Bracket Q3 for the ride-sharing company.
Janney has upgraded First Solar to buy from neutral, citing improved risk-reward and an opportunity presented by their 3Q24 earnings. Goldman Sachs is reiterating Ford as a buy, emphasizing the potential economic growth and stable business conditions for the automaker.
We also see Wells Fargo initiating The Trade Desk and AppLovin as overweight, recognizing their positions for growth and share gaining potential. Citi has reiterated Apple as a buy, despite potential impact on iPhone sales seasonality due to Apple Intelligence software. Barclays has raised its price target on Tesla and maintained an equal weight rating on the polarizing stock.
Morgan Stanley is reiterating Planet Fitness as overweight and advising investors to buy the dip, while Bernstein continues to praise Walmart as a top pick with expectations of profitable e-commerce growth. Citi has upgraded Coca-Cola Femsa to buy, highlighting strong operational performance. TD Cowen has downgraded Tapestry to hold on valuation concerns.
Mizuho is initiating Evergy as outperform and Regions Financial as overweight, recognizing their growth potential and undervaluation. Guggenheim has reiterated Netflix as a buy and initiated coverage on Six Flags with a buy rating. Additionally, Mizuho has raised their price target on Robinhood and Barclays has initiated Arcosa as overweight, expressing bullish sentiments on these companies.
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