On Monday, Wall Street analysts made several significant calls regarding prominent companies. TD Cowen reiterated Nvidia as a top buy, citing its leadership role in AI technology. Mizuho maintained an outperform rating for Advanced Micro Devices (AMD) due to its server market gains, upcoming AI products, and potential PC rebound. The firm also increased Broadcom’s price target, highlighting a potential $16 billion opportunity with OpenAI’s AI chip by 2025.
Goldman Sachs upgraded Ibotta to a buy and reiterated its buy rating for Alphabet, albeit with a lowered price target due to industry headwinds. Wells Fargo upgraded Flutter to overweight, suggesting investors buy shares of the gambling company. Conversely, Truist downgraded Amgen to hold, citing heightened competition in its pipeline, while Morgan Stanley downgraded Caterpillar due to pressures in its construction segment.
UBS initiated buy coverage on Surgery Partners, citing attractive growth, and Netstreit as undervalued. Piper Sandler reaffirmed Tesla as overweight ahead of its earnings report, and Goldman Sachs downgraded AutoZone to sell due to muted growth prospects. Evercore ISI added Apple to its tactical outperform list ahead of earnings, while JMP downgraded Duolingo due to valuation concerns.
Baird downgraded KeyCorp to neutral post-SPX outperformance. Jefferies expressed optimism for AptarGroup, upgrading it to hold amid new product pipelines. Piper Sandler upgraded SentinelOne, foreseeing positive catalysts. Wells Fargo downgraded VF Corp and Canada Goose over valuation and China exposure concerns, respectively. Lastly, Goldman Sachs downgraded AppLovin to neutral due to a balanced risk/reward outlook, whereas Ibotta was upgraded again with expectations of undervalued growth in redemption partnerships.
Original Story https://www.cnbc.com/2024/10/14/wall-streets-top-analyst-calls-on-monday-like-nvidia.html
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