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Biggest stocks by analyst calls on Wall Street
CNBC • • business
Key Points:
- Deutsche Bank upgraded CrowdStrike to buy from hold, raising its price target to $300, citing the company's strong position in the expanding AI-driven cybersecurity market.
- Morgan Stanley downgraded Coinbase to underweight from equal weight due to uncertain earnings recovery and lowered its price target to $120, reflecting challenges in crypto market conditions.
- UBS upgraded Rivian to buy from neutral, viewing the recent stock selloff as a buying opportunity ahead of anticipated improvements in production ramp and gross margins.
- Goldman Sachs upgraded British American Tobacco to buy from neutral, highlighting the defensive nature of nicotine products and expecting robust earnings growth and attractive dividends.
- Several firms initiated coverage or upgraded stocks including BTIG on SharkNinja (buy), HC Wainwright on Teva (buy), Mizuho on Janus Living and H2O America (outperform), and StoneX on GameStop (buy), reflecting positive outlooks in various sectors.
