Welcome to Extreme Investor Network, where we provide expert insights and analysis on the latest trends and developments in the world of investing. Today, we are diving into some exciting analyst calls and Wall Street chatter that could impact your investment decisions.
Morgan Stanley recently downgraded JPMorgan Chase to equal weight from overweight, while TD Cowen raised its rating on Accenture to buy from hold. Additionally, TD Cowen raised its price target on Costco to $975, citing potential growth opportunities.
TD Cowen’s bullish sentiment on Costco is fueled by the company’s strategic innovations and robust earnings growth potential. Analyst Oliver Chen highlighted Costco’s focus on digital scale, customer analytics, and membership experience enhancements as key drivers for future success. With Costco shares gaining over 34% this year, Chen believes the company is well-positioned to continue winning market share in the retail space.
On the other hand, Deutsche Bank raised its price target on Robinhood Markets, expecting strong revenue and earnings momentum to continue. Analyst Brian Bedell sees Robinhood generating net new assets at a rapid pace, fueling growth in adjusted EBITDA margin and EPS.
Wells Fargo upgraded American Express to overweight, citing attractive EPS growth potential ahead of the company’s third-quarter earnings report. Analyst Donald Fandetti is optimistic about American Express’ ability to generate mid-teens EPS growth, particularly among affluent consumers.
Lastly, Piper Sandler upgraded Amerant Bancorp to overweight following a successful capital raise, positioning the stock for steady improvement. Analyst Stephen Scouten believes Amerant is well-equipped for growth within its Florida markets, leading to a potential 29% increase in share price over the next year.
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