Welcome to Extreme Investor Network, where we bring you the latest and most insightful information on investing in the stock market. Today, we will be discussing Thursday’s biggest calls on Wall Street and how they can impact your investment strategy.
KeyBanc recently upgraded Sherwin-Williams to overweight from sector weight, advising investors to buy the dip in shares of the paint company. According to KeyBanc, the upgrade is based on “Share Gains, Cycle Bottom, and Strong Incremental Margins.”
Bernstein initiated General Motors as outperform, stating that the company has room to grow and deliver tangible shareholder returns. With several opportunities on the horizon, Bernstein expects the stock to see significant gains in the coming years.
Evercore ISI reiterated Nvidia as outperform and recommended buying the dip in the stock. The firm also pointed to Meta’s earnings report as a bullish sign for Nvidia and other top AI plays.
On the flip side, JPMorgan downgraded Monster Beverage to neutral from overweight due to cost pressures. The downgrade came ahead of Monster Beverage’s 1Q24 earnings results.
HSBC upgraded UPS to buy from hold, citing the company’s return to earnings growth following a positive earnings report. The potential USPS contract and improved guidance for 2024 were factors in the upgrade.
Goldman Sachs upgraded TJX Companies to buy from neutral, highlighting the discount retailer as a market share winner. In contrast, Goldman Sachs initiated a sell rating on Victoria’s Secret, citing tough macro conditions and competitive pressures.
Wells Fargo upgraded Five Below to overweight, noting a compelling risk/reward for the company’s shares. UBS also upgraded UDR to buy from neutral, expressing confidence in its rent growth trajectory.
UBS reiterated Amazon as a buy and raised its price target on the stock. Bank of America reiterated Meta as a buy, Morgan Stanley reiterated Ford as overweight, and Needham upgraded Silicon Laboratories to buy from hold.
On the downside, Bank of America downgraded Deckers to neutral from buy, citing a better risk/reward elsewhere in its coverage. Deutsche Bank reiterated Tesla as hold, and UBS reiterated Coca-Cola as buy ahead of earnings next week.
Stay tuned to Extreme Investor Network for more updates on market trends and investment opportunities. Make informed decisions and take your investing to the next level with our expert insights and analysis. Happy investing!
