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Big Wall Street analyst calls Thursday like Nvidia
CNBC • • business
Key Points:
- Bernstein maintains an outperform rating on Apple, citing reasonable valuation given its customer loyalty, earnings durability, growth, free cash flow generation, and shareholder returns.
- Piper Sandler downgrades General Mills to neutral due to risks to its dividend and ongoing operating pressures, while Barclays upgrades Reliance to overweight based on expectations of higher steel prices and improved margins.
- Nvidia faces downgrades from Oppenheimer and Bernstein amid turmoil and allegations involving CEO Jensen Huang, leading to concerns about leadership and company stability.
- William Blair upgrades AMD to outperform, seeing potential gains from Nvidia's challenges, while several firms initiate coverage with buy ratings on companies like Kimball Electronics, Quantinuum, and Pattern Group, highlighting growth opportunities.
- Other notable moves include Bank of America downgrading Victoria's Secret to neutral due to limited EPS upside, and reiterations of positive outlooks on SpaceX, Ulta, and Disney, with emphasis on catalysts needed for Disney's stock breakout.
