Analysts upgrade Wynns and Dell ahead of earnings
- Bank of America confirmed its buy rating on Dell amid anticipation for earnings next week.
- Several firms, including Goldman Sachs and Redburn Atlantic Equities, upgraded ratings on multiple stocks, reflecting an optimistic outlook.
- Analysts are actively reassessing their positions, indicating a strategic focus on stability and potential growth in various sectors.
On February 18, 2025, major investment firms took significant actions regarding various companies ahead of upcoming earnings announcements. Bank of America confirmed its buy rating on Dell, anticipating positive performance in the near future. Moreover, they upgraded WYNN from Hold to Buy, citing their long-term capital investment pipeline and the stability of the core business as key drivers for upside potential. Additionally, Goldman Sachs initiated coverage of Venture Global with a buy rating, referring to its substantial upside potential in the natural gas sector. In another move, Morgan Stanley downgraded Hims & Hers to equal weight from overweight due to valuation concerns, maintaining a positive outlook on the company's platform. Notably, Redburn Atlantic Equities upgraded Tapestry to buy, indicating that the owner of brands like Kate Spade is making a recovery. The firm also initiated a buy rating for GE Aerospace. Wolfe upgraded Snowflake to outperform in anticipation of its earnings report, while Raymond James upgraded Altice USA to outperform based on operational improvements. Overall, investment firms showed confidence in various sectors, suggesting a strategic shift towards companies with strong foundations and growth potential, while reevaluating others based on market dynamics.