Big Analyst Calls on Apple, Amazon, and More
- Top Wall Street analysts make big calls on Apple, Amazon, Broadcom, and more.
- Analysts provide insights on key companies influencing stock market trends.
- Investors closely following analyst recommendations for potential investment opportunities.
On Thursday, Wall Street saw significant movements in stock ratings, with Morgan Stanley reiterating its "overweight" rating on Apple, citing optimism ahead of the new iPhone cycle. In contrast, Wells Fargo downgraded M&T Bank from "equal weight" to "underweight," indicating that lower interest rates are unfavorable for the regional bank's performance. Goldman Sachs upgraded Progressive from "neutral" to "buy," highlighting expectations for stronger growth in policies in force, which they believe is not fully reflected in current market estimates. Additionally, UBS upgraded Medtronic from "sell" to "neutral," anticipating a turnaround in its diabetes segment. Meanwhile, JPMorgan downgraded bluebird bio to "neutral" following disappointing earnings but upgraded Sea Limited to "overweight," praising its robust performance across all major business segments. Deutsche Bank upgraded Robinhood from "hold" to "buy," citing potential upside for the stock trading platform. Morgan Stanley also upgraded Nucor to "overweight," emphasizing its defensive characteristics in the current market environment. Conversely, Wells Fargo downgraded Snowflake to "equal weight," pointing to concerns over potential customer churn following a recent data breach. Lastly, UBS upgraded Millicom to "buy," noting the company's strong positioning in the Latin American telecom market.