Morgan Stanley has maintained its bullish rating on Apple stock, citing expectations of strong growth in the coming years. The investment bank believes that the upcoming iPhone launch, along with growth in services and gross margins, will drive higher growth for Apple in FY24. Morgan Stanley also highlights the potential long-term upside from the increasing loan-to-value ratio.
JPMorgan reiterates Netflix as Overweight
JPMorgan reaffirms its positive view on Netflix, despite concerns raisedinvestors. The areas of focus include monetization of paid sharing, core subscriber growth, and free cash flow trajectory. However, JPMorgan maintains its overweight rating on Netflix, confident in its future pricing power and the quality of its content.
Credit Suisse reiterates Walmart as Outperform
Credit Suisse expresses optimism ahead of Walmart’s earnings release, stating that the company is well-positioned in the current environment. With its value-driven consumables-oriented business, Walmart is expected to benefit from a volatile consumer backdrop and inflationary headwinds. Credit Suisse believes Walmart exhibits solid defensive characteristics.
Mizuho reiterates Coinbase as Underperform
Mizuho highlights a trend of retail crypto traders shifting from Coinbase to Robinhood. The analysis suggests that Coinbase lost market share to Robinhood in the second quarter and expects further share shifts in July. This reaffirms Mizuho’s underperform rating on Coinbase.
Bank of America initiates Kura Oncology as Buy
Bank of America is bullish on biotech company Kura Oncology, recognizing its potential in developing targeted cancer treatments. The lead asset, ziftomenib, is in late-stage development for certain forms of acute myeloid leukemia. The investment bank sees great potential in Kura Oncology’s pipeline.
Redburn reiterates Amazon as Buy
Redburn raises its price target on Amazon and expects significant catalysts ahead. The investment firm anticipates notable earnings upgrades for both Amazon Web Services (AWS) and its retail business. It believes that enhanced free cash flow conversion will drive further rerating of Amazon shares.
Morgan Stanley upgrades DigitalOcean to Equal Weight
Morgan Stanley upgrades software company DigitalOcean to equal weight, noting that its previous concerns have largely been addressed. The lower revenue outlook for FY23 and lower future free cash flow margins represent a positive development, resulting in the upgrade.
Citi opens a positive catalyst watch on Cisco
Citi opens a positive catalyst watch on Cisco, expecting the company to outperform peers Arista and Juniper in the upcoming earnings release. Strong demand from the enterprise sector is anticipated to fuel upside in the results. Cisco’s heavy exposure to the enterprise market is expected to be beneficial.
Deutsche Bank reiterates Nio as Buy
Deutsche Bank raises its price target on Nio and maintains its buy rating on the stock. The bank is motivatedNio’s improved operational execution and believes that new models are ramping up quickly. It expects sales efficiency to improve further for Nio.
Morgan Stanley reiterates Carvana as Underweight
Morgan Stanley maintains its underweight rating on Carvana, stating that the company still has much to prove. While Carvana has raised its third-quarter guidance and achieved gains in gross profit per unit, Morgan Stanley remains cautious about its overall performance.
Wells Fargo reiterates Chevron as Overweight
Wells Fargo reaffirms its bullish rating on Chevron, highlighting its strong cash flow generation, yield, and cash returns to shareholders. The oil company’s disciplined capex, solid balance sheet, and expected solid execution make it an attractive investment option.
Wells Fargo reiterates BJ’s as Overweight
Wells Fargo maintains its overweight rating on BJ’s Wholesale Club ahead of its earnings release. While the bank anticipates a potentially disappointing second quarter, it believes that macro factors are to blame and still sees a positive long-term story with attractive valuation.
JPMorgan reiterates Krispy Kreme as Overweight
JPMorgan emphasizes the attractiveness of Krispy Kreme shares, considering them relatively undervalued. While the stock has experienced volatility, the overall performance is positive, surpassing the S&P 500 index both year-to-date and year-over-year.
Stephens reiterates FedEx as Overweight
Stephens maintains its overweight rating on FedEx, confident in the company’s ability to capitalize on cost-cutting initiatives and gain market share. Despite the challenges posedthe economy, FedEx is expected to see accelerating momentum in various areas of its business.
JPMorgan initiates Madison Square Garden Entertainment as Overweight
JPMorgan initiates coverage of Madison Square Garden Entertainment with an overweight rating. The investment bank views the company as a pure play in the live entertainment sector and considers its valuation fair. However, it acknowledges the potential variability in financial results due to the nature of arena-sized shows and increasing competition.
Wolfe downgrades Stanley Black & Decker to Underperform
Wolfe downgrades Stanley Black & Decker, citing a negative risk/reward ratio. The investment firm acknowledges the potential for significant earnings growth if the cost plan is executed successfully. However, it remains cautious and believes that the overall risk outweighs the potential rewards.
Argus upgrades Twilio to Buy
Argus upgrades Twilio, recognizing that the company is well-positioned to benefit from the growing trend of artificial intelligence. As clients seek more capable and efficient customer-communications tools, Twilio’s programmable communication tools for phone messaging are expected to see increased demand.
Source: opp.today
