Wall Street analysts have been busy making significant calls on various companies in the market. Jefferies upgraded Barrick Gold to a buy rating, citing the company’s discounted valuation compared to its peers. UBS reiterated a neutral rating on Apple due to soft iPhone sales in key markets. Roth MKM initiated Bitdeer Technologies as a buy, highlighting the company’s undervaluation in the blockchain sector.
Citi added United Airlines to its focus list, emphasizing the airline’s potential for significant free cash flow generation. In contrast, Morgan Stanley downgraded Snowflake following its earnings report, expressing concerns about competition and leadership changes. Meanwhile, Goldman Sachs reiterated Salesforce as a buy after a strong earnings report, further supporting their positive outlook on the company.
Overall, the Wall Street calls reflect a mix of upgrades, downgrades, and initiations based on various factors such as valuations, earnings performance, and growth prospects. Investors will be closely watching how these recommendations play out in the market as they make decisions on their investment strategies. The diverse range of calls demonstrates the dynamic nature of the stock market and the constant evaluation and reevaluation of companies by analysts for potential opportunities.
