Goldman Sachs remains bullish on shares of Alphabet and Meta, reiterating their buy rating. The firm has raised their price target on GOOGL to $211 and on META to $522, citing increased estimates and valuation multiples as the driving factors behind their decision.
Stifel Initiates RH as Buy
Stifel has initiated coverage on the furniture company RH, deeming it to be in an “unmatched position.” Despite unique headwinds, Stifel believes that internal growth initiatives will lead to renewed enthusiasm for RH, which they see as being dramatically undervalued at current levels.
Jefferies Reiterates Amazon as Buy
Jefferies has reiterated their buy rating on Amazon, raising their price target to $235 per share. The firm highlights the growth of Amazon Web Services (AWS) and Advertising as key drivers of the stock’s value.
TD Cowen Reiterates Netflix as Buy
TD Cowen has reiterated their buy rating on Netflix, raising their price target to $775 per share. They point to a consumer survey showing Netflix’s continued popularity as a top choice for living room viewing.
Stifel Initiates Sealed Air as Buy
Stifel has initiated coverage on Sealed Air, expressing optimism about the air packaging company’s future prospects. Despite recent challenges, Stifel believes that Sealed Air is turning the tide and poised for growth.
Piper Sandler Upgrades Bank of America to Neutral
Piper Sandler has upgraded Bank of America to a neutral rating ahead of earnings, citing a reevaluation of their stance on large banks.
Bank of America Reiterates Apple as Buy
Bank of America continues to recommend Apple as a buy, pointing to strong App Store revenue growth as a positive indicator for the tech giant.
KeyBanc Reiterates Nvidia as Overweight
KeyBanc has reiterated their overweight rating on Nvidia, increasing their price target based on a positive outlook for the company’s future performance.
UBS has upgraded Chemours to a buy rating, citing potential for the chemicals company to outperform expectations.
Raymond James Upgrades Principal Financial Group to Strong Buy
Raymond James has upgraded Principal Financial Group to a strong buy, highlighting the company’s high-quality businesses and growth potential.
Jefferies has initiated coverage on First Citizens BancShares, giving the regional bank a buy rating with a price target of $2,005.
TD Cowen Initiates Exscientia as Buy
TD Cowen has initiated coverage on Exscientia, praising the biotech company’s novel AI platform and pipeline of next-gen oncology assets.
Morgan Stanley Initiates Tempus AI as Overweight
Morgan Stanley has initiated coverage on Tempus AI, describing the testing lab company as a unique platform that combines healthcare and data/AI.
Wolfe Initiates Monday.com as Outperform
Wolfe has initiated coverage on Monday.com, expressing confidence in the workflow solutions software company’s growth prospects.
TD Cowen has initiated coverage on Markel, bullish on the insurance company’s specialty (re)insurance business and diversified income streams.
Mizuho Upgrades Regency to Outperform
Mizuho has upgraded Regency to an outperform rating, citing the real estate investment trust’s earnings upside potential.
Raymond James Initiates First Bancorp as Outperform
Raymond James has initiated coverage on First Bancorp, bullish on the Puerto Rico bank’s positioning in the local economic resurgence.
Bank of America Initiates Smurfit WestRock as Buy
Bank of America has initiated coverage on Smurfit WestRock with a buy recommendation, pointing to the packaging company’s upside potential.
Morgan Stanley Upgrades CRH to Overweight
Morgan Stanley has upgraded CRH to overweight, citing pricing stability, M&A growth options, and exposure to attractive markets as driving factors.
JPMorgan has upgraded C.H. Robinson to neutral, noting positive changes in the logistics company’s operating model.
Morgan Stanley Reiterates Tesla as Overweight
Morgan Stanley has reaffirmed their overweight rating on Tesla, highlighting the company’s strong market share in the global BEV market.
Benchmark Initiates Jumia Technologies as Buy
Benchmark has initiated coverage on Jumia Technologies, bullish on the Pan-African marketplace tech company’s growth potential.