Crowdstrike (NASDAQ:CRWD), American Airlines (NASDAQ:AAL) downgraded: Wall Street’s top analyst calls
The latest research calls from Wall Street’s top analysts have been compiled for investors to review. Today’s updates include both upgrades and downgrades that could impact the market. Here is a breakdown of the top calls made by analysts:
Top 5 Upgrades:
1. Morgan Stanley (NYSE:MS) has upgraded Fiserv (NYSE:FI) to Overweight from Equal Weight with a price target of $175, up from $154. The firm sees Fiserv as an “attractive earnings compounder” with the potential for modest upside and consistent management execution.
2. Baird upgraded Henry Schein (NASDAQ:HSIC) to Outperform from Neutral with a price target of $92, up from $81. Baird believes Henry Schein is a safe investment in the dental sector.
3. JPMorgan upgraded Abercrombie & Fitch (NYSE:ANF) to Overweight from Neutral with a price target of $194, up from $167. The firm sees continued demand for Abercrombie’s products and momentum building internationally.
4. Stifel upgraded IFF (NYSE:IFF) to Buy from Hold with a price target of $115, up from $95. The firm believes IFF’s 2024 guidance is conservative and raised its sales and EBITDA estimates.
5. BofA upgraded C.H. Robinson (NASDAQ:CHRW) to Buy from Underperform with a price target of $99, up from $76. The firm cited margin upside and cost improvements as reasons for the upgrade.
Top 5 Downgrades:
1. Scotiabank downgraded Crowdstrike (NASDAQ:CRWD) to Sector Perform from Outperform with a price target of $300, down from $393. The firm cited concerns over a recent outage incident.
2. Bernstein downgraded American Airlines (NASDAQ:AAL) to Market Perform from Outperform with a price target of $12, down from $18. The firm sees challenges facing American Airlines in the current environment.
3. Raymond James double downgraded Estee Lauder (NYSE:EL) to Market Perform from Strong Buy. The firm cited slower recovery in key markets and increased competition.
4. Morgan Stanley downgraded FIS (NYSE:FIS) to Equal Weight from Overweight with a price target of $79. The firm believes the stock has priced in expected growth.
5. Goldman Sachs downgraded Lennar (NYSE:LEN) to Neutral from Buy with a price target of $174, down from $180. The firm sees less upside in Lennar compared to other homebuilders.
Top 5 Initiations:
1. Melius Research initiated coverage of Uber Technologies (NYSE:UBER) and Lyft (NASDAQ:LYFT) with Hold ratings. The firm cited competition from Tesla as a potential challenge for the ridesharing companies.
2. TD Cowen initiated coverage of Berkshire Hathaway class B shares (NYSE:BRK:B) with a Hold rating. The firm noted challenges facing the conglomerate structure.
3. Goldman Sachs initiated coverage of Webtoon (NASDAQ:WBTN) with a Buy rating. The firm sees long-term growth potential in the web-comics market.
4. BMO Capital initiated coverage of Driven Brands (NASDAQ:DRVN) with a Market Perform rating. The firm cited ongoing challenges in the car wash industry.
5. UBS initiated coverage of EVgo (NASDAQ:EVGO) with a Neutral rating. The firm sees both positive attributes and risks for the company.
As investors navigate the market, these research calls provide valuable insights into potential opportunities and risks. It is important to consider these recommendations in the context of your own investment strategy and risk tolerance. Story continues.
Source: https://finance.yahoo.com/news/crowdstrike-american-airlines-downgraded-wall-135124939.html