Crowdstrike, American Airlines downgraded: Wall Street’s top analyst calls
The stock market is always buzzing with activity, and one of the key drivers of that activity is the research calls made by top analysts on Wall Street. These calls can have a significant impact on stock prices and investor sentiment. Today, we take a look at some of the most notable research calls that investors need to know about, as compiled by The Fly.
Top 5 Upgrades:
1. Morgan Stanley upgraded Fiserv (FI) to Overweight from Equal Weight with a price target of $175, up from $154. The firm sees Fiserv as an “attractive earnings compounder” with the potential for modest upside to results.
2. Baird upgraded Henry Schein (HSIC) to Outperform from Neutral with a price target of $92, citing the company as a safer “core” dental investment.
3. JPMorgan upgraded Abercrombie & Fitch (ANF) to Overweight from Neutral with a price target of $194, pointing to continued demand for the Abercrombie brand.
4. Stifel upgraded IFF (IFF) to Buy from Hold with a price target of $115, citing conservative guidance and strong sales expectations.
5. BofA upgraded C.H. Robinson (CHRW) to Buy from Underperform with a price target of $99, driven by margin upside and cost improvements.
Top 5 Downgrades:
1. Scotiabank downgraded Crowdstrike (CRWD) to Sector Perform from Outperform with a price target of $300, citing concerns about the company’s recent outage incident.
2. Bernstein downgraded American Airlines (AAL) to Market Perform from Outperform with a price target of $12, due to challenges facing the airline.
3. Raymond James double downgraded Estee Lauder (EL) to Market Perform from Strong Buy, citing a slower recovery in key markets.
4. Morgan Stanley downgraded FIS (FIS) to Equal Weight from Overweight with a $79 price target, citing limited upside potential.
5. Goldman Sachs downgraded Lennar (LEN) to Neutral from Buy with a price target of $174, pointing to less potential for growth compared to other homebuilders.
Top 5 Initiations:
1. Melius Research initiated coverage of Uber Technologies (UBER) and Lyft (LYFT) with Hold ratings, citing uncertainty around autonomous vehicles.
2. TD Cowen initiated coverage of Berkshire Hathaway class B shares (BRK.B) with a Hold rating, noting challenges in key areas.
3. Goldman Sachs initiated coverage of Webtoon (WBTN) with a Buy rating, highlighting its potential for growth in the web-comics market.
4. BMO Capital initiated coverage of Driven Brands (DRVN) with a Market Perform rating, citing ongoing challenges in its car wash business.
5. UBS initiated coverage of EVgo (EVGO) with a Neutral rating, noting both positive attributes and risks.
Overall, these research calls provide valuable insights for investors looking to navigate the stock market. It’s important to stay informed and consider the recommendations of top analysts when making investment decisions.
Source: https://finance.yahoo.com/news/crowdstrike-american-airlines-downgraded-wall-135124939.html
