Title: Monday’s Analyst Calls and Wall Street Chatter: Disney Upgraded and Boeing Trimmed
Welcome to CNBC Pro’s live coverage of Monday’s analyst calls and Wall Street chatter. In today’s focus, a major media stock and an aerospace giant were in the spotlight. Disney received an upgrade to overweight from Barclays, while Goldman Sachs trimmed its price target on Boeing. Let’s dive into the latest analyst calls and chatter below.
Barclays Upgrades Disney, Sees Potential for 16% Upside
Disney shares still have room to run even after significantly outperforming the broader market this year. Analyst Kannan Venkateshwar upgraded shares of the media giant to overweight from equal weight and raised his price target by $40. His new $135 price target implies 16.5% potential upside over the next year. Venkateshwar is optimistic about Disney’s streaming business potentially breaking even sooner than expected, driven by cost cuts and price increases.
Goldman Sachs Trims Boeing Price Target Amid Safety Concerns
Goldman Sachs lowered its price target on Boeing to $257 from $268 due to ongoing safety issues. Analyst Noah Poponak highlighted three risks for the company going forward, including a slower pace of air traffic growth, supply chain risk, and potential contract operating performance issues within the defense segment. Despite the challenges, the new target still implies upside of 36%.
Other Analyst Calls:
– Mizuho Securities analyst Vijay Rakesh downgraded EV makers Tesla, Rivian, and Nio to neutral, citing near-term challenges in the EV industry.
– Raymond James downgraded lawn products maker Scotts Miracle-Gro to market perform, noting limited near-term upside potential.
– JPMorgan initiated coverage of Super Micro Computer with an overweight rating, citing its dominance in the AI compute market.
Keep an eye on these stocks as analysts continue to evaluate their prospects and market conditions. Stay tuned for more updates on analyst calls and Wall Street chatter. Refresh every 20-30 minutes for the latest posts.
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