In Thursday’s Wall Street analyst activity, notable movements included upgrades and downgrades across various sectors. Barclays upgraded CVS to “overweight,” anticipating a 24% upside due to promising Medicare margin recovery, alongside cost-saving initiatives. Meanwhile, JPMorgan downgraded Honeywell International to “neutral,” citing concerns over margins despite a positive growth outlook. Wolfe Research promoted L3Harris Technologies to “outperform,” noting improved future sales and margins following cost-cutting measures. Truist upgraded Nike to “buy,” highlighting strategic recovery efforts, although challenges remain. Goldman Sachs slightly adjusted Microsoft’s price target to $500, maintaining a bullish stance due to growing AI investments. Bernstein downgraded PayPal to “market perform,” warning of competitive pressures despite recent stock gains. Lastly, RBC Capital Markets lifted Medtronic to “outperform,” crediting enhanced business fundamentals and management capabilities. These expert analyses reflect shifting perspectives in market dynamics, as companies tackle challenges and pursue growth opportunities.
Original Story https://www.cnbc.com/2024/10/10/analyst-calls-all-the-market-moving-wall-street-chatter-from-thursday.html
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