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Wells Fargo recently reiterated Bank of America as overweight and raised its price target to $44 per share from $40. The firm cited better-than-expected capital markets performance as a key driver for the upgrade. Meanwhile, HSBC downgraded Bank of America to hold from buy due to valuation concerns.
Moving on to tech stocks, Bernstein reaffirmed its market perform rating on Apple despite becoming more constructive on the stock. Goldman Sachs reiterated Tesla as neutral, citing market conditions impacting earnings. Piper Sandler initiated SI-Bone as overweight, highlighting the company’s strong positioning in the surgical joint treatment market.
In the consumer goods sector, Evercore upgraded Kimberly-Clark to outperform following a successful investor day. Benchmark reiterated Nvidia as a buy, emphasizing exposure to markets with strong growth dynamics. Bank of America reaffirmed Amazon as a buy, bullish on the company’s investments in AI.
Furthermore, Bank of America upgraded Estee Lauder to buy from neutral, indicating that earnings have bottomed. BTIG initiated CyberArk as a buy, citing positive outlook for the cyber company. TD Cowen initiated Grindr as outperform, recognizing its leading position in the LGBTQ+ social dating app space.
In the real estate sector, Morgan Stanley upgraded Vornado to equal weight from underweight, citing elevated leverage. JPMorgan reiterated DraftKings and AbbVie as overweight, recommending investors to buy the dip in DraftKings shares and highlighting AbbVie’s strong growth potential.
Lastly, Citi reiterated Boeing as a buy, underscoring the robust demand for new aircraft. KeyBanc reiterated Robinhood as overweight, raising its price target due to higher trading activity expectations.
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