On Wall Street, major financial firms have made significant calls on various companies recently. Morgan Stanley reiterated Netflix as overweight, citing the company’s successful transition from DVD to streaming. BMO also reiterated Microsoft as outperform, highlighting its strong position in the gaming market. Wolfe upgraded Mobileye to outperform, emphasizing the company’s competitive advantages in autonomous driving systems.
In other news, JPMorgan downgraded Corteva to neutral due to lower crop chemical prices, while Bank of America reiterated Amazon as a buy following positive performance highlighted in the shareholder letter. Piper Sandler reiterated Charles Schwab as overweight, praising the company’s profitability and attractive stock in the Financial sector. Jefferies initiated Academy Sports as buy, noting its attractive valuation in the current environment.
Lastly, Goldman Sachs reiterated Apple as buy ahead of earnings, while JPMorgan reiterated Boeing as overweight despite lowering its price target. Janney initiated First Solar as a buy, citing the company as a beneficiary of “tougher on China” trade policy. BMO initiated Novo Nordisk as outperform, expressing enthusiasm for the company’s obesity product pipeline. Citi, on the other hand, reiterated Tesla as neutral, lowering its price target due to near-term demand headwinds.
