Listed below are Friday’s largest calls on Wall Avenue: Morgan Stanley reiterates Meta as obese Morgan Stanley raised its worth goal to $550 per share from $375 after the corporate’s earnings report on Thursday. ” META’s results and guidance were significantly stronger than expectations.” Goldman Sachs reiterates Amazon as purchase Goldman stated it is sticking with its purchase ranking after the corporate’s strong earnings report on Thursday. ” AMZN’s Q4’23 earnings report produced a beat across the board compared to GS/Street estimates driven by solid revenue trends and a rising margin trajectory in its North America eCommerce business and by a reacceleration of AWS revenue growth at rising margins.” Financial institution of America reiterates Apple as purchase Financial institution of America stated traders ought to hold shopping for shares of Apple after its earnings report on Thursday. “iPhone grows despite China weakness; 15 cycle up vs. 14; GM [gross margin] blowout; GenAI coming.” Financial institution of America reiterates Nvidia as purchase Financial institution of America raised its worth goal on the inventory to $800 per share from $700 heading into earnings on Feb. 21. “Expect NVDA to maintain dominance in AI inference also.” Evercore ISI upgrades World Funds to outperform from in line Evercore stated in its improve of World Funds firm that the expansion outlook is bettering for the fee tech firm. “Upgrading to Outperform on Improving Growth Outlook.” Oppenheimer reiterates Costco as outperform Oppenheimer raised its worth goal to $760 per share from $695. “We look very favorably upon COST’ s L-T prospects. Citi upgrades Sea Limited to buy from neutral Citi said the Singapore tech conglomerate has a “promising” outlook. “Along with regular gaming bookings on steady EBITDA margins whereas Fintech enterprise delivers an bettering profitability development, Sea’s elementary outlook is prone to flip extra promising.” Citi upgrades Macy’s to neutral from sell Citi said in its upgrade of the stock that the “threat/reward is much less skewed to the draw back.” “In early December, the inventory traded to ~$21 following a WSJ information story suggesting M had acquired a bid to be acquired at $21. With shares shortly buying and selling as much as inside 1% of $21, we downgraded to Promote primarily based on our skepticism that something would materialize. We stay skeptical, however with the inventory down 13% since, the danger/reward is much less skewed to the draw back.” Deutsche Bank downgrades New York Community Bancorp to hold from buy Deutsche downgraded New York Community Bancorp after its “disappointing” earnings report earlier this week. “We’re downgrading the shares to HOLD and reducing our worth goal to $7.” Baird names KeyCorp and Comerica fresh picks Baird said investors should buy the dip in KeyCorp and Comerica. “Reap the benefits of this week’s pullback, designating CMA, KEY, and TFC as Bullish Contemporary Picks.” Barclays reiterates Nike as a top idea Barclays said it’s standing by Nike as a 2024 best idea. “Now we have elevated confidence on margin drivers over the subsequent 12- to 18-months as we search extra proof on NKE’s forthcoming product launches to evaluate the pace of gross sales restoration.” Wells Fargo reiterates Shopify as buy Wells raised its price target on Shopify to $90 per share from $70. “With a robust vacation procuring season largely priced in, our consideration turns to new product updates, rank ordering ’24 catalysts and assessing the sustainability of margin outperformance. Preserve OW and lift our PT to $90 (from $70).” Bank of America reiterates Roblox as buy Bank of America said it’s bullish on the stock heading into earnings next week. ” RBLX plans to provoke quarterly and full yr steerage on 7 February for the primary time, a really optimistic improvement.” Citi reiterates Disney as buy Citi said it’s standing by the stock heading into earnings next week. ” Disney stories F1Q24 outcomes Wednesday (2/7) after the shut. We consider the first focus will likely be on DTC profitability and the execution of firm’s value saving initiatives introduced in F1Q23.” UBS reiterates Chipotle as buy UBS said it’s bullish heading into earnings next week. “We proceed to view CMG as among the best positioned within the sector for site visitors outperformance and margin beneficial properties into 2024, and we worth the model’s extremely reliable progress outlook.”
