Here are Wednesday’s biggest calls on Wall Street: BMO downgrades Microsoft to market perform from outperform BMO downgraded the stock after Microsoft’s earnings report, noting it has concerns about Azure growth. “We are downgrading MSFT to Market Perform based on ongoing uncertainty on Azure. We had previously placed Microsoft on our negative watch list in … Read more
View More Here are Wednesday’s biggest analyst calls: Tesla, Amazon, Robinhood, Microsoft, Sunrun, Block & more
An expansion into the U.S. makes tobacco company Philip Morris International a buying opportunity for investors, according to Goldman Sachs. Analyst Bonnie Herzog upgraded shares to buy from neutral, saying the launch of a line of smoke-free electronic cigarette products in the U.S. will drive growth for the company. “We see a more favorable risk/reward … Read more
View More Goldman Sachs upgrades Philip Morris, cites expansion in U.S. with smoke-free alternatives
It’s time to buy Philip Morris International as the Marlboro maker shifts to smokeless alternatives, according to Jefferies. Analyst Owen Bennett upgraded shares of the tobacco company to buy from hold and raised his price target after Philip Morris doubled down on efforts to acquire oral nicotine company Swedish Match. “We upgrade PM to Buy, … Read more
View More Jefferies upgrades Philip Morris, says shares can rise nearly 20% on smokeless alternatives
Here are Thursday’s biggest calls on Wall Street: Bank of America downgrades Charles Schwab to underperform from buy Bank of America said in its double downgrade of Schwab that the Fed will stop hiking this summer, “removing a powerful near-term profit driver.” “This change is driven by our view that client cash sorting will continue … Read more
View More Here are Thursday’s biggest analyst calls: Netflix, Meta, Apple, Tesla, Charles Schwab, Roblox, Amazon & more