Welcome to Extreme Investor Network, where we provide you with the latest insights on Wall Street’s biggest calls. Today, we’ll cover the most recent updates from top financial institutions and their recommendations for various companies in the market.
Stifel downgraded Simon Property Group to hold from buy due to valuation concerns, but highlighted the company’s strong leasing leverage and retailer demand at higher-productivity centers. Wells Fargo initiated Blackstone and Apollo as top picks, calling them the “best kept secret” in alternative asset management. Additionally, Wells Fargo named Blackrock as overweight, praising its industry leadership and growth potential.
Stephens initiated Carvana as overweight, recognizing the online used-car company as a “category killer.” Bernstein reiterated Nvidia, Broadcom, and Oracle as top ideas, emphasizing their continued growth prospects. Bank of America upgraded Diageo to buy from neutral, indicating a positive outlook for the British beverage company.
Barclays initiated Flutter as overweight, commending its leading position in the digital gaming space. Morgan Stanley reiterated Amazon, Alphabet, and Meta as overweight, highlighting their strong presence in the ad market. Goldman Sachs reiterated FedEx as overweight, expressing confidence in the company’s earnings performance.
Jefferies reiterated McDonald’s as a buy, noting its favorable position for back-to-school promotions. UBS reiterated Costco as a buy ahead of its upcoming earnings report. Bank of America upgraded PotlatchDeltic to buy from neutral, citing potential margin expansion for the lumber company.
Wolfe upgraded Roku to outperform, anticipating accelerated sales growth for the streaming platform. Morgan Stanley named Apple to its Vintage Values list, predicting strong earnings power for the tech giant in the next 12 months. Raymond James reiterated Micron as outperform, emphasizing its potential in the AI applications market.
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