Welcome to Extreme Investor Network, where we provide unique and valuable insights into the world of investing. Today, we’re breaking down the biggest calls on Wall Street from Friday to help you make informed decisions with your investments.
UBS upgraded Accenture to a buy rating from neutral, citing AI optionality as a key driver for the IT services company. With the market anticipating accelerating revenue growth amid AI optionality, there is potential for multiple expansion for Accenture.
Meanwhile, Morgan Stanley upgraded Arm to overweight from equal weight, pointing to the company’s products being fundamental to the successful emergence of edge AI in various sectors such as mobile, autos, and PCs.
Looking at the retail sector, Bank of America reiterated Amazon as a buy following a strong Prime Day performance. The e-commerce giant saw record-breaking signups for Prime and exceeded expected Street estimates for third-quarter gross merchandise volume growth.
Investors interested in the pet health industry may want to take a look at William Blair’s initiation of Trupanion as outperform. The pet health insurance company offers a unique and high-value offering, making it an attractive investment opportunity.
These are just a few highlights from Friday’s biggest Wall Street calls. Stay tuned to Extreme Investor Network for more unique insights and analysis to help guide your investment decisions.