Here are Wall Street’s biggest calls on Thursday: Deutsche Bank resumes buy on Nike Deutsche Bank resumes coverage of the stock and expresses bullish tone. “We believe NKE is taking bold steps to transform its business and embark on a multi-year innovation cycle that should accelerate revenue trends and market share gains.” Bank of America reiterates Broadcom as a buy after the company reports earnings Later, he said the company “has the potential to join the trillionaire club.” “Broadcom (AVGO) reported second-quarter sales growth of 4%, raised its fiscal 2024 sales outlook by $1 billion to $51 billion, and announced a 10:1 stock split.” Citi adds Coca-Cola and Royal Caribbean to focus list Citigroup said it was refreshing its list of beliefs and adding companies such as Coca-Cola and Royal Caribbean. “We refreshed our highest belief ideas. In it, we highlighted key points of differentiation and next catalysts. Added: EVRG, KO, RCL and TEAM. Removed: FHN, WMT.” Oppenheimer ranks Ulta Oppenheimer, a top pick, said Ulta stock was too attractive to ignore. “Compelling risk/reward scenario supports our move into top pick ranking.” Jefferies reiterates Microsoft as top pick Jefferies said in a headline that Microsoft is “the top pick for AI gold, not silver.” “While MSFT cannot comment on other companies’ AI announcements, it remains keen to partner with OpenAI to provide cloud services. We note that given MSFT’s profit sharing agreement with OpenAI and status as an OpenAI cloud service, MSFT is likely to Oppenheimer reiterates Nvidia outperform Oppenheimer said that after meeting with the company’s management, the company will maintain its outperform rating in the artificial intelligence space. Best positioned to benefit from its full range of AI hardware, network and software solutions. Maintain outperform and $150 targets. “Bernstein reiterates that Meta outperforms. Bernstein said in a bull/bear market report that he maintains his rating on Meta’s outperform. “We like today’s performance and we also like tomorrow’s performance. Keep outperforming. PT $565. Goldman Sachs acquires Chipotle and Starbucks Goldman Sachs said in its acquisition of Chipotle and Starbucks that the two companies are attractive. “Given that the spending outlook remains healthy and there are more permanent shifts in behavior after the epidemic, we are less concerned about restaurant spending or personal spending.” The share of consumer spending fell. Morgan Stanley ranks Goodyear Tire as equal weight. “Margins and cash returns remain low,” Morgan Stanley said at the time of the stock offering. to achieve business transformation. Wolfe upgrades 3M stock to outperform Wolff said in his upgrade on the stock that its valuation is at a “significant discount.” “New CEO Bill Brown has brought the right things to 3M, giving us greater confidence in our medium-term earnings per share outlook.” Morgan Stanley downgraded Corning to equal weight from overweight, mainly based on estimates worth downgrading Corning’s rating. “Improving demand conditions are reflected in valuations; downgraded to equal weight.” TD Cowen launches acquisition of Civitas Resources TD Cowen said the carbon-neutral energy producer is “undervalued.” “We rate Civitas Resources with a Buy rating and an NAV of $90/share – [net asset value] KeyBanc Reaffirms Netflix Overweight KeyBanc raised its stock price target to $707 per share from $705. % brings Netflix back to the level of existing prepaid shares. We believe this corresponds to improved content and reduced competitive pressure. 2) Pricing power remains – Cancellation intentions remain in line with historical levels of 23%. All Other Companies Equally Attractive Bank of America Upgrades Kimberly-Clark to Buy from Underperform Bank of America has a dual rating on the home care products company and says it’s “favorably set-up” going forward. Structural changes are coming. AMZN, META and ADBE emerge as frontrunners Morgan Stanley reiterates Colgate-Palmolive as top pick Morgan Stanley said it believes Colgate is “about to hit a pet inflection point.” inflection point. Fortnite Challenges. From EW/Vol. And raised our target price from $46 to $60.Advantages due to its proximity to NEE (the world’s largest energy company and the largest developer of renewable energy), the company’s ability to grow is highly dependent on capital-intensive pull-down acquisitions from NEER [NextEra Energy Resources]. Wedbush reiterates Tesla outperform After Elon Musk posted on X that his compensation package has been approved, Wedbush said the company will continue to “outperform” Rating. “It was a pop-up champagne moment for Musk and Tesla shareholders because overnight, according to Elon’s approval. Bank of America reiterated that Boeing is neutral. Bank of America raised the price target on the stock to $200 per share from $180, but said it will stick to the neutral rating. “On the one hand, after the announcement in late May, the company Boeing remains uniquely positioned in a strong air traffic demand environment, but on the other hand, turning around operations may take time and uncertainty remains in the near future.
