Wall Street"s Top Analyst Calls on Nvidia, Apple and More

On Thursday, several significant analyst calls were made regarding various companies on Wall Street. Bank of America reiterated its buy rating for both Nvidia and Apple, highlighting Nvidia's compelling valuation and upcoming model momentum, while expressing confidence in Apple's stock ahead of its iPhone event. Goldman Sachs downgraded Novartis to neutral due to valuation concerns, while Barclays initiated an overweight rating for Travelers, citing its strong balance sheet and positive underwriting momentum. In the tech sector, Bank of America also downgraded Zscaler to neutral after a solid earnings report, indicating that despite strong revenue growth, the stock's valuation may not be justified. Meanwhile, RBC downgraded KB Home to underperform, reflecting weakening trends in the housing market. Morgan Stanley downgraded Brazilian payment companies Stone and PagSeguro, citing pressures on growth and profitability. CFRA downgraded Coca-Cola to hold, suggesting that better value can be found elsewhere in the market. Additionally, JPMorgan downgraded its outlook on China, indicating that the economic environment appears increasingly challenging. Overall, these analyst calls reflect a cautious sentiment in various sectors, with some companies being upgraded based on strong fundamentals, while others face downgrades due to valuation concerns or market pressures. Investors are advised to consider these insights as they navigate the current market landscape.