At Extreme Investor Network, we are always on the lookout for the latest analyst calls and Wall Street chatter to provide our members with valuable insights and investment opportunities. Today, we are focusing on some key updates regarding Tesla, Disney, Spotify, Royal Gold, and Wells Fargo.
Tesla, the electric vehicle (EV) maker, received a price target cut from Citi due to concerns surrounding the company’s upcoming delivery numbers. Despite this, Morgan Stanley’s Adam Jonas believes that a potential partnership between Tesla and Chinese battery maker CATL could be a “game changer” for the U.S. EV market. This collaboration could bring high-quality, affordable battery technology to Tesla’s vehicles and boost EV adoption in the U.S.
In other news, UBS raised its price target on Disney, citing multiple tailwinds ahead for the company that could turn it into an “earnings compounder.” HSBC initiated a buy rating on Spotify, noting that the music streaming leader is “hitting the right notes” and has significant potential for growth beyond music in areas like podcasts and audiobooks. BMO Capital Markets upgraded Royal Gold to outperform, highlighting the company’s compelling valuation and positive environment for new stream and royalty deals.
On the flip side, KBW downgraded Wells Fargo to market perform, saying that the bank is due for a consolidation phase after a strong run-up. Despite raising its price target, KBW believes that Wells Fargo’s net interest income may underperform peers in the near term.
At Extreme Investor Network, we believe in providing our members with timely and actionable investment information. Stay tuned for more updates and insights on the latest market developments!
