Analyst Calls on Major Companies
- Top analyst calls on Friday on major companies like Nvidia, Tesla, Microsoft, Alphabet, Walmart.
- Insights shared on Wall Street regarding the performance and outlook of these companies.
- Investors and market watchers paying close attention to these recommendations.
On August 16, 2024, Wolfe Research upgraded Newmark Group to an "outperform" rating, citing the company's strategic rehire of Tom Peddie as a sign of potential positive changes ahead. While Wolfe does not anticipate an immediate shift in the business's direction, the move suggests that Newmark is well-positioned for future growth in the commercial real estate advisory sector. In the agricultural sector, Barclays upgraded CF Industries to "overweight," highlighting expectations for sustainable profits. The firm also raised its price target for SPHR to $57, up from $37, reflecting confidence in the company's financial trajectory. This upgrade indicates a bullish sentiment towards CF Industries' long-term performance. Piper Sandler has also made significant upgrades, moving Microchip Technology to "overweight" from neutral, driven by anticipated growth catalysts. Additionally, FTAI Aviation was elevated to a "Top Pick" in Aerospace, with its price target increased to $140, as the firm believes the market has undervalued its growth potential. Furthermore, Jefferies reaffirmed its "buy" rating on Nvidia, despite concerns regarding delays in its Blackwell chip. In the tech sector, BMO and Bank of America reiterated their positive outlooks on Microsoft and Salesforce, respectively, with Bank of America raising its price target for Salesforce to $316. Applied Materials also received a "buy" rating, as analysts noted that the company is well-positioned to benefit from the increasing demand for semiconductor chips in a data-driven economy.