Morgan Stanley Highlights Retail Leaders Amid Mixed Ratings in Tech and Finance
- Top Wall Street analysts made significant calls on Nvidia, Apple, Amazon, McDonald's, Walmart, Dell, Sweetgreen, and more.
- Analysts reviews include recommendations for these major companies and chains based on market performance and future outlooks.
- Investors and stakeholders can expect market reactions to these analyst calls in the coming days.
Morgan Stanley has reaffirmed its "overweight" ratings for retail giants Amazon and Walmart, citing their leadership in the sector. The firm expressed optimism about Apple’s growth expectations for fiscal years 2025 and 2026, although it raised concerns regarding potential stagnation in upgrade rates. In contrast, Tesla appears to be trailing behind these retail leaders, according to the latest data. In the financial sector, Goldman Sachs has upgraded Brazilian financial services company Bradesco from neutral to buy following a positive earnings report. Meanwhile, Morgan Stanley has downgraded Hewlett Packard from overweight to equal weight, citing limited upside potential in its valuation. Conversely, the firm maintains an overweight rating for Dell, although it has adjusted its price target downwards from $155 to $142 ahead of the company’s upcoming earnings announcement. Piper Sandler has also made notable adjustments, downgrading Sweetgreen to neutral from overweight, indicating a more balanced risk/reward scenario. In healthcare, Goldman Sachs initiated coverage of Concentra with a buy rating, highlighting strong execution in a stable market. Additionally, PROG Holdings received an upgrade to buy, with a new price target of $55, suggesting a 26% upside. Lastly, MoffettNathanson initiated coverage of Apple with a neutral rating, suggesting that the impact of AI advancements may already be reflected in the stock price, leaving uncertainty about the magnitude of the anticipated upgrade cycle.