The most talked about research calls and market moves on Wall Street are now in one place. Here are today’s research calls investors need to know, compiled by The Fly.
5 main improvements:
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The capital of the county was updated Apple (AAPL) to Buy from Hold with a price target of $300, down from $170. Loop’s supply chain work suggests that Apple has an opportunity in the coming years to solidify as the “base camp” of choice for consumer generative artificial intelligence, just as it did for social media 15 years ago with the iPhone and consumer of digital content 20 years ago with the iPod.
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Morgan Stanley has improved Alcon (ALC) to equal weight from underweight with a price target of $85, up from $65. The firm’s previous downgrade was based on a sluggish U.S. IOL premium market, and while that risk remains, “there can be no doubt” that Alcon has found other factors that have more than offset the risk, reducing bear case, the firm tells investors.
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BMO Capital has improved UDR (UDR) to outperform the Perform market with a price target of $45, up from $39. BMO’s recent discussion with private equity owner Carmel Partners reinforced its view that coastal fundamentals have continued to be strong, particularly Washington, DC, UDR’s largest market.
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RBC Capital has improved TD Sinnex (SNX) to outperform from Sector Perform with a price target of $140, up from $135. The firm says solid growth in advanced solutions driven by data center builds and cloud deployments, the Hyve customer platform, the PC refresh cycle and demand for AI PCs should boost TD Synnex’s billings growth. to an average figure in the second half of 2024. with a possible further improvement in fiscal 2025.
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Improved Baird Global Carrier (CARR) to Outperform from Neutral with a price target of $75, up from $64. The firm sees multiple catalysts that could play out over the next 12-18 months for the company, including asset sales, acquisitions and re-acceleration in housing trends.
5 main landings:
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Citi sat down Electronic Arts (EA) to Neutral from Buy with a price target of $161, up from $148. Since its fiscal second quarter results, EA’s stock is up 15% on optimism surrounding the upcoming release of College Football, and while bullish on the release, Citi has some concerns, including potential weakness in Apex Legends, being away from the release of GTA IV in the fourth quarter. of 2025, and macro risk if consumer spending declines.
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TD Cowen sat down PASSENGERS (TRV) to Hold from Buy with a price target of $230, up from $252, citing uncertainty over whether the modestly unfavorable development for liability coverages in the first quarter in recent years of the accident is a sign of more to come let them come.
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Citi sat down In semiconductors (ON) to Neutral from Buy with a price target of $77, up from $85. The firm believes the company’s silicon carbide exposure will hurt its multiple.
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Wells Fargo sat down SBA Communications (SBAC) to Equal Weight from Overweight with a price target of $220, up from $230. Despite a rosy interest rate boom, the company’s fundamentals will remain “relatively weak” in the near-term with no cash flow from operations until 2027 and no apparent catalyst on the horizon, the firm told investors in a research note.
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Susquehanna sat down Caesars Entertainment (CZR) to Negative from Neutral with a price target of $33, up from $44. The firm believes the stock’s underperformance against MGM Resorts ( MGM ) is likely to continue.
5 main starts:
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Evercore ISI began coverage of Datadog (DDOG) with an Outperform rating and $150 price target. After “treading water” for two years, Datadog has matured to a point and grown in its valuation so that it could become a more stable component over the next 12-24 months, the firm told investors in a research note. .
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Baird initiated coverage of SentinelOne (S) with an Outperform rating and $25 price target. Despite a slight revision to fiscal 2025 guidance, SentinelOne maintains a strong growth trajectory, the firm tells investors in a research note.
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Baird initiated coverage of column (RBRK) with an Outperform rating and $42 price target. objective. Rubrik stands out as a “high-end data security vendor, seamlessly integrating backup and security amid growing data and cyber threats,” the firm argues.
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Baird initiated coverage of Tenable Holdings (TENB) with an Outperform rating and $55 price target. The firm sees positive potential amid “modest” growth expectations, favorable market dynamics and the company’s strategic expansion into federal markets, diversifying its revenue streams.
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Truist initiated coverage of Zeta Global (ZETA) with a Buy rating and $23 price target. Zeta is “a potential disruptive force” in the large and growing marketing technology space, serving enterprises with a unique combination of data, AI-powered intelligence, marketing cloud and activation capabilities, the firm tells investors.