老虎社区 08-21
Nvidia, Apple, Netflix, Amazon, CrowdStrike and More
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Here are Wednesday ’ s biggest calls on Wall Street:

Mizuho upgrades Corning to outperform from neutral

Mizuho said investors should buy the dip in the glass company.

"We are upgrading Corning Incorporated ( GLW ) to Outperform ahead of the upcoming Sept 19 review of its Optical glass fiber business and following the recent pullback in the stock, as we ’ re aware of no overall slowdown in the company ’ s business and growth programs."

Raymond James reiterates Nvidia as strong buy

Raymond James said it is bullish heading into Nvidia earnings next week.

"We are looking for another strong quarter from NVDA despite the noise surrounding Blackwell delays."

Citi upgrades Texas Instruments to buy from neutral

Citi said the company is on its way to "100% EPS growth."

"As such, we are upgrading TXN from Neutral to Buy as we believe margins are bottoming and should rebound back to the previous peak, which would result in 100% EPS growth."

Morgan Stanley reiterates Sunrun as overweight

Morgan Stanley raised its price target on the stock to $35 per share from $31.

"RUN remains our preferred play in the distributed solar market."

Bank of America reiterates CrowdStrike as buy

The firm is standing by the stock heading into earnings next week.

"CrowdStrike is scheduled to report 2Q earnings on 8/28, marking the first public commentary since the software incident that sparked a global IT outage on July 19th."

Wells Fargo resumes Keysight Technologies as overweight

Wells Fargo said it is bullish on shares of the manufacturer of electronics test and measurement equipment software.

"With solid F3Q24 results + F4Q24 guide upside, we resume coverage on KEYS w/ OW rating and $180 PT."

Deutsche Bank reiterates Marvell as buy

Deutsche Bank said it is bullish on shares of Marvell heading into earnings next week.

"Maintaining secular momentum, waiting on cyclical swing."

Morgan Stanley reiterates Apple as overweight

The firm said Apple is a top pick.

"Apple Intelligence Upgrade Cycle Undervalued By Market; Top Pick."

Wells Fargo downgrades Sonoco to underweight from equal weight

Wells Fargo sees too much uncertainty for the packaging company.

"As such, we d/g SON to UW and lower our PT to $52. Our FY24/25 EPS moves to 5.07/$5.90."

KeyBanc reiterates Netflix as overweight

KeyBanc is sticking with the stock after the company ’ s upfront presentation to advertisers.

"Netflix had a successful second year of Upfront negotiations, with a >150% increase in upfront ad sales commitments vs. 2023."

Jefferies upgrades BrightView to buy from hold

Jefferies said the commercial landscape company is well positioned.

"We ’ re upgrading BV to Buy from Hold as we expect revenue growth to return to LSD% [ low single digits ] and margins to reach new records."

BTIG upgrades Consensus Cloud Solutions to buy from neutral

BTIG said the digital fax provider has "good margins and cash flow."

"We are upgrading CCSI to Buy from Neutral."

Bank of America downgrades American Express to neutral from buy

Bank of America downgraded the stock on valuation.

"We downgrade American Express ( AXP ) to Neutral from Buy as we see limited incremental upside given potential for subdued billings volume growth and current premium valuation."

Cantor Fitzgerald initiates MicroStrategy as overweight

Cantor said it is bullish on shares of the bitcoin business intelligence company.

"MicroStrategy is technically a provider of business intelligence and analytics software; however, the value in the business, in our view, lies in its ability to cost effectively accumulate Bitcoin."

Bernstein reiterates Tesla as underperform

Bernstein said it is sticking with its underperform rating on the stock.

"Tesla ( UP ) has seen price cuts and falling lead times across markets, with near zero lead times and significant inventory in the US."

Citi opens a positive catalyst watch on Gap

Citi said it is bullish heading into Gap earnings on Aug. 29.

"We anticipate a big 2Q EPS beat ( AMC 8/29 ) of $0.50, driven by stronger GM [ gross margins ] and slightly stronger sales vs cons."

MoffettNathanson reiterates Amazon as buy

The firm said it is sticking with its buy rating on the e-commerce giant.

"We continue to see Amazon as the best positioned ecommerce player with the largest inventory offering and unrivaled fulfillment network offering global scale."

Raymond James downgrades Chewy to market perform from outperform

Raymond James downgraded the online pet food company mainly on valuation.

"We lower our rating on CHWY to Market Perform from Outperform following the stock ’ s >50%increase over the past three months, and exceeding our $24 price target."

Bank of America upgrades California Resources to buy from neutral

Bank of America said the carbon energy company and Occidental Petroleum spinoff is "uniquely positioned."

"As the only public CA E&P with a powerplant, CRC is uniquely positioned to potentially participate in the states data center build out."

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