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In today’s market, there are a lot of analyst calls and Wall Street chatter surrounding various stocks. From casino operators to PC makers, there is a lot to consider. Here are some highlights of the latest calls from top analysts:
1. Amgen: Cantor Fitzgerald initiated coverage on Amgen, emphasizing the company’s focus on obesity and potential for significant upside. With an overweight rating and a price target of $405, Cantor Fitzgerald believes Amgen’s obesity program could be a major revenue generator in the coming years.
2. HP Inc.: Bank of America downgraded HP Inc to neutral from buy, citing challenges in growing profits. The printing business is expected to see revenue declines, leading to margin weakness in the next few years.
3. Dollar General: Citi downgraded Dollar General to sell, pointing to increased competition from Walmart. With Walmart gaining market share, Dollar General may struggle to maintain its competitive positioning.
4. Walmart: Citi reiterated its buy rating on Walmart, citing strong growth opportunities in various sectors. With a price target of $98, Citi believes Walmart is well-positioned for continued success.
5. Accenture: Piper Sandler upgraded Accenture to overweight, emphasizing the company’s potential to benefit from projects related to generative artificial intelligence. With a price target of $395, Accenture could see significant upside in the near future.
6. Bumble: KeyBanc Capital Markets downgraded Bumble to sector weight, citing weak app store data and undermining its core differentiator. Bumble faces challenges that may take time to stabilize the business.
7. Wynn Resorts: Morgan Stanley upgraded Wynn Resorts to overweight, highlighting the casino operator’s stable assets and potential for growth. With a price target of $104, Wynn Resorts could see a significant increase in value.
8. Dell Technologies: Deutsche Bank reinstated Dell Technologies as a buy, with a price target of $144. Deutsche Bank expects Dell to benefit from a confluence of tailwinds and capitalize on the next legs of AI growth.
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