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Top Calls on Wall Street: Nvidia, Apple, Broadcom, Boeing, Bank of America, IBM, Meta, Uber & More

Here are Tuesday’s biggest calls on Wall Street:Wells Fargo downgrades Boeing to underweight from equal weightWells said in its downgrade of the aerospace giant that it’s a “cash opportunity missed.”“

Top Calls on Wall Street: Nvidia, Apple, Broadcom, Boeing, Bank of America, IBM, Meta, Uber & More

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But after extensive delays and added cost, we now see growing production cash flow running into a new aircraft investment cycle, capping FCF a few years out.”</p><h2 id=\"id_1448037628\" style=\"text-align: start;\">Deutsche Bank upgrades Bank of America and Wells Fargo to buy from hold and downgrades JPMorgan to hold form buy</h2><p>The firm said it’s getting bullish on several banks on Tuesday. Deutsche also downgraded JPMorgan citing “less upside.”</p><p>“While we continue to view the overall bank group as somewhat in no man’s land, we see some shifting in opportunities within our coverage. As part of this, we are downgrading <u>JPM</u> from BUY to HOLD and upgrading both <u>BAC</u> and <u>WFC</u> from HOLD to BUY.”</p><h2 id=\"id_1294014026\" style=\"text-align: start;\">Evercore ISI upgrades Southwest to outperform from in line</h2><p>Evercore said it sees several positive catalysts ahead for the airline.</p><p>“Our rating on <u>LUV</u> shares is raised to Outperform from In Line given the long-awaited transition to capacity discipline (culling least productive flying), new revenue initiatives to be outlined at upcoming Sept. 26 investor day (assigned seating, premium economy) and strong underlying fleet value.”</p><h2 id=\"id_2685769590\" style=\"text-align: start;\">Piper Sandler downgrades Simon Property to neutral from overweight</h2><p>Piper said it’s worried about slowing earnings growth for the real estate investment trust mall operator.</p><p>“Our rating change is based on anticipated slower earnings growth for <u>SPG</u> versus shopping centers over the next 2 years and represents the first time we haven’t had an OW rating since late 2009.”</p><h2 id=\"id_14844766\" style=\"text-align: start;\">Morgan Stanley upgrades Unity Software to overweight from equal weight</h2><p>Morgan Stanley said shares of the software company are now derisked.</p><p>“Growth Expectations for <u>U</u> Now Look Derisked, With Clear Potential Upside Drivers Ahead.”</p><h2 id=\"id_1893750293\" style=\"text-align: start;\">Loop upgrades NetApp to buy from hold</h2><p>Loop said in its upgrade of <u>NetApp</u> that it’s bullish on the data infrastructure company.</p><p>“We’re upgrading to Buy and $150 PT on a stock we’ve been chasing for &gt; 12 months. Last summer we tried to get cute and wait an additional 90 days to about this same time, the stock began to run on us and we’ve been out of position ever since.”</p><h2 id=\"id_590762866\" style=\"text-align: start;\">B. Riley upgrades Redfin to buy from neutral</h2><p>B. Riley said fundamentals are improving for the real estate company.</p><p>“We’re upgrading <u>Redfin</u> Corporation from Neutral to Buy to reflect improving business fundamentals, including a) structural improvements in the core brokerage business with the introduction of Next, which position the business favorably for growth and profitability as real estate cycle turns, b) likelihood of a more favorable macro backdrop as interest rates are lowered over the next several months...”</p><h2 id=\"id_4055681648\" style=\"text-align: start;\">HSBC upgrades AutoDesk to buy from hold</h2><p>HSBC upgraded the software company following earnings.</p><p>“<u>Autodesk’s</u> 2QFY25 profit was well above forecasts.”</p><h2 id=\"id_3813360226\" style=\"text-align: start;\">Bernstein reiterates Apple as outperform</h2><p>Bernstein said it’s bullish heading into the company’s iPhone event next week.</p><p>“On September 9th, <u>Apple</u> is expected to unveil its next generation iPhone 16, updated Apple watches and Airpods, and make further announcements regarding Apple Intelligence.”</p><h2 id=\"id_2288649012\" style=\"text-align: start;\">Melius upgrades Lockheed Martin to buy from hold</h2><p>The firm said the defense company is well positioned.</p><p>“<u>Lockheed Martin</u> has the most international exposure relative to its large cap defense hardware peers, meaning that it is well-positioned for Europe’s defense recapitalization.”</p><h2 id=\"id_2540797432\" style=\"text-align: start;\">Bernstein reiterates Ferrari as outperform</h2><p>Bernstein said the luxury car company is well positioned.</p><p>“We are raising our TP on <u>Ferrari</u> from $488 to $599 and reiterate our Outperform rating.”</p><h2 id=\"id_370960116\" style=\"text-align: start;\">Cantor Fitzgerald reiterates Nvidia &amp; Broadcom as overweight</h2><p>The firm said both semis stocks are top picks throughout the rest of 2024.</p><p>“Our Top Picks heading into year-end are now <u>NVDA,</u> <u>AVGO,</u> MU, WDC, NXPI, ASML, and TER.”</p><h2 id=\"id_970043580\" style=\"text-align: start;\">Goldman Sachs adds IBM and Conagra to the conviction list</h2><p>The firm added both stocks to its conviction buy list.</p><p>“We add <u>Conagra</u> (CAG), <u>International Business Machines</u> (IBM), and Insmed (INSM) to the Americas Conviction List, while removing Ally Financial (ALLY), Dollar General (DG), Installed Building Products (IBP), and Royal Caribbean Cruises (RCL).”</p><h2 id=\"id_3158824230\" style=\"text-align: start;\">JPMorgan reiterates Amazon, Meta and Uber as best ideas</h2><p>The firm said it’s sticking with all three stocks as top picks.</p><p>“We continue to prefer large- cap companies w/strong secular growth potential &amp; company specific drivers (<u>AMZN,</u> <u>META,</u> <u>UBER</u>), along w/subscription names that we believe are more macro resilient (NFLX, SPOT).”</p><h2 id=\"id_1838488575\" style=\"text-align: start;\">Jefferies downgrades Novartis to hold from buy</h2><p>Jefferies said in its downgrade of <u>Novartis</u> that the pharma company’s pipeline launches will take longer to come to fruition.</p><p>“Sales of key launches need to demonstrate a robust ramp-up to drive confidence in potential for longer-term upgrades.”</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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But after extensive delays and added cost, we now see growing production cash flow running into a new aircraft investment cycle, capping FCF a few years out.”</p><h2 id=\"id_1448037628\" style=\"text-align: start;\">Deutsche Bank upgrades Bank of America and Wells Fargo to buy from hold and downgrades JPMorgan to hold form buy</h2><p>The firm said it’s getting bullish on several banks on Tuesday. Deutsche also downgraded JPMorgan citing “less upside.”</p><p>“While we continue to view the overall bank group as somewhat in no man’s land, we see some shifting in opportunities within our coverage. As part of this, we are downgrading <u>JPM</u> from BUY to HOLD and upgrading both <u>BAC</u> and <u>WFC</u> from HOLD to BUY.”</p><h2 id=\"id_1294014026\" style=\"text-align: start;\">Evercore ISI upgrades Southwest to outperform from in line</h2><p>Evercore said it sees several positive catalysts ahead for the airline.</p><p>“Our rating on <u>LUV</u> shares is raised to Outperform from In Line given the long-awaited transition to capacity discipline (culling least productive flying), new revenue initiatives to be outlined at upcoming Sept. 26 investor day (assigned seating, premium economy) and strong underlying fleet value.”</p><h2 id=\"id_2685769590\" style=\"text-align: start;\">Piper Sandler downgrades Simon Property to neutral from overweight</h2><p>Piper said it’s worried about slowing earnings growth for the real estate investment trust mall operator.</p><p>“Our rating change is based on anticipated slower earnings growth for <u>SPG</u> versus shopping centers over the next 2 years and represents the first time we haven’t had an OW rating since late 2009.”</p><h2 id=\"id_14844766\" style=\"text-align: start;\">Morgan Stanley upgrades Unity Software to overweight from equal weight</h2><p>Morgan Stanley said shares of the software company are now derisked.</p><p>“Growth Expectations for <u>U</u> Now Look Derisked, With Clear Potential Upside Drivers Ahead.”</p><h2 id=\"id_1893750293\" style=\"text-align: start;\">Loop upgrades NetApp to buy from hold</h2><p>Loop said in its upgrade of <u>NetApp</u> that it’s bullish on the data infrastructure company.</p><p>“We’re upgrading to Buy and $150 PT on a stock we’ve been chasing for &gt; 12 months. Last summer we tried to get cute and wait an additional 90 days to about this same time, the stock began to run on us and we’ve been out of position ever since.”</p><h2 id=\"id_590762866\" style=\"text-align: start;\">B. Riley upgrades Redfin to buy from neutral</h2><p>B. Riley said fundamentals are improving for the real estate company.</p><p>“We’re upgrading <u>Redfin</u> Corporation from Neutral to Buy to reflect improving business fundamentals, including a) structural improvements in the core brokerage business with the introduction of Next, which position the business favorably for growth and profitability as real estate cycle turns, b) likelihood of a more favorable macro backdrop as interest rates are lowered over the next several months...”</p><h2 id=\"id_4055681648\" style=\"text-align: start;\">HSBC upgrades AutoDesk to buy from hold</h2><p>HSBC upgraded the software company following earnings.</p><p>“<u>Autodesk’s</u> 2QFY25 profit was well above forecasts.”</p><h2 id=\"id_3813360226\" style=\"text-align: start;\">Bernstein reiterates Apple as outperform</h2><p>Bernstein said it’s bullish heading into the company’s iPhone event next week.</p><p>“On September 9th, <u>Apple</u> is expected to unveil its next generation iPhone 16, updated Apple watches and Airpods, and make further announcements regarding Apple Intelligence.”</p><h2 id=\"id_2288649012\" style=\"text-align: start;\">Melius upgrades Lockheed Martin to buy from hold</h2><p>The firm said the defense company is well positioned.</p><p>“<u>Lockheed Martin</u> has the most international exposure relative to its large cap defense hardware peers, meaning that it is well-positioned for Europe’s defense recapitalization.”</p><h2 id=\"id_2540797432\" style=\"text-align: start;\">Bernstein reiterates Ferrari as outperform</h2><p>Bernstein said the luxury car company is well positioned.</p><p>“We are raising our TP on <u>Ferrari</u> from $488 to $599 and reiterate our Outperform rating.”</p><h2 id=\"id_370960116\" style=\"text-align: start;\">Cantor Fitzgerald reiterates Nvidia &amp; Broadcom as overweight</h2><p>The firm said both semis stocks are top picks throughout the rest of 2024.</p><p>“Our Top Picks heading into year-end are now <u>NVDA,</u> <u>AVGO,</u> MU, WDC, NXPI, ASML, and TER.”</p><h2 id=\"id_970043580\" style=\"text-align: start;\">Goldman Sachs adds IBM and Conagra to the conviction list</h2><p>The firm added both stocks to its conviction buy list.</p><p>“We add <u>Conagra</u> (CAG), <u>International Business Machines</u> (IBM), and Insmed (INSM) to the Americas Conviction List, while removing Ally Financial (ALLY), Dollar General (DG), Installed Building Products (IBP), and Royal Caribbean Cruises (RCL).”</p><h2 id=\"id_3158824230\" style=\"text-align: start;\">JPMorgan reiterates Amazon, Meta and Uber as best ideas</h2><p>The firm said it’s sticking with all three stocks as top picks.</p><p>“We continue to prefer large- cap companies w/strong secular growth potential &amp; company specific drivers (<u>AMZN,</u> <u>META,</u> <u>UBER</u>), along w/subscription names that we believe are more macro resilient (NFLX, SPOT).”</p><h2 id=\"id_1838488575\" style=\"text-align: start;\">Jefferies downgrades Novartis to hold from buy</h2><p>Jefferies said in its downgrade of <u>Novartis</u> that the pharma company’s pipeline launches will take longer to come to fruition.</p><p>“Sales of key launches need to demonstrate a robust ramp-up to drive confidence in potential for longer-term upgrades.”</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AVGO":"博通","UBER":"优步","BAC":"美国银行","BK4020":"通信设备","IE00BMPRXR70.SGD":"Neuberger Berman 5G Connectivity A Acc SGD-H","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","META":"Meta Platforms, Inc.","IE00BMPRXN33.USD":"NEUBERGER BERMAN 5G CONNECTIVITY \"A\" (USD) ACC","AMZN":"亚马逊","RDFN":"Redfin Corp","BK4551":"寇图资本持仓","BK4022":"陆运","SPG":"西蒙地产","BK4230":"旅客陆运","WFC":"富国银行","NTAP":"美国网存","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","NVDA":"英伟达","BK4548":"巴美列捷福持仓","JPM":"摩根大通","LU1548497426.USD":"安联环球人工智能AT Acc","LU1861558580.USD":"日兴方舟颠覆性创新基金B","AAPL":"苹果","BK4539":"次新股","BA":"波音","U":"Unity Software Inc.","LUV":"西南航空","NVS":"诺华","ADSK":"欧特克","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","IBM":"IBM","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","RACE":"法拉利","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","LMT":"洛克希德马丁"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1135102427","content_text":"Here are Tuesday’s biggest calls on Wall Street:Wells Fargo downgrades Boeing to underweight from equal weightWells said in its downgrade of the aerospace giant that it’s a “cash opportunity missed.”“We think BA had a generational FCF opportunity this decade, driven by ramping production on mature aircraft and low investment need. But after extensive delays and added cost, we now see growing production cash flow running into a new aircraft investment cycle, capping FCF a few years out.”Deutsche Bank upgrades Bank of America and Wells Fargo to buy from hold and downgrades JPMorgan to hold form buyThe firm said it’s getting bullish on several banks on Tuesday. Deutsche also downgraded JPMorgan citing “less upside.”“While we continue to view the overall bank group as somewhat in no man’s land, we see some shifting in opportunities within our coverage. As part of this, we are downgrading JPM from BUY to HOLD and upgrading both BAC and WFC from HOLD to BUY.”Evercore ISI upgrades Southwest to outperform from in lineEvercore said it sees several positive catalysts ahead for the airline.“Our rating on LUV shares is raised to Outperform from In Line given the long-awaited transition to capacity discipline (culling least productive flying), new revenue initiatives to be outlined at upcoming Sept. 26 investor day (assigned seating, premium economy) and strong underlying fleet value.”Piper Sandler downgrades Simon Property to neutral from overweightPiper said it’s worried about slowing earnings growth for the real estate investment trust mall operator.“Our rating change is based on anticipated slower earnings growth for SPG versus shopping centers over the next 2 years and represents the first time we haven’t had an OW rating since late 2009.”Morgan Stanley upgrades Unity Software to overweight from equal weightMorgan Stanley said shares of the software company are now derisked.“Growth Expectations for U Now Look Derisked, With Clear Potential Upside Drivers Ahead.”Loop upgrades NetApp to buy from holdLoop said in its upgrade of NetApp that it’s bullish on the data infrastructure company.“We’re upgrading to Buy and $150 PT on a stock we’ve been chasing for > 12 months. Last summer we tried to get cute and wait an additional 90 days to about this same time, the stock began to run on us and we’ve been out of position ever since.”B. Riley upgrades Redfin to buy from neutralB. Riley said fundamentals are improving for the real estate company.“We’re upgrading Redfin Corporation from Neutral to Buy to reflect improving business fundamentals, including a) structural improvements in the core brokerage business with the introduction of Next, which position the business favorably for growth and profitability as real estate cycle turns, b) likelihood of a more favorable macro backdrop as interest rates are lowered over the next several months...”HSBC upgrades AutoDesk to buy from holdHSBC upgraded the software company following earnings.“Autodesk’s 2QFY25 profit was well above forecasts.”Bernstein reiterates Apple as outperformBernstein said it’s bullish heading into the company’s iPhone event next week.“On September 9th, Apple is expected to unveil its next generation iPhone 16, updated Apple watches and Airpods, and make further announcements regarding Apple Intelligence.”Melius upgrades Lockheed Martin to buy from holdThe firm said the defense company is well positioned.“Lockheed Martin has the most international exposure relative to its large cap defense hardware peers, meaning that it is well-positioned for Europe’s defense recapitalization.”Bernstein reiterates Ferrari as outperformBernstein said the luxury car company is well positioned.“We are raising our TP on Ferrari from $488 to $599 and reiterate our Outperform rating.”Cantor Fitzgerald reiterates Nvidia & Broadcom as overweightThe firm said both semis stocks are top picks throughout the rest of 2024.“Our Top Picks heading into year-end are now NVDA, AVGO, MU, WDC, NXPI, ASML, and TER.”Goldman Sachs adds IBM and Conagra to the conviction listThe firm added both stocks to its conviction buy list.“We add Conagra (CAG), International Business Machines (IBM), and Insmed (INSM) to the Americas Conviction List, while removing Ally Financial (ALLY), Dollar General (DG), Installed Building Products (IBP), and Royal Caribbean Cruises (RCL).”JPMorgan reiterates Amazon, Meta and Uber as best ideasThe firm said it’s sticking with all three stocks as top picks.“We continue to prefer large- cap companies w/strong secular growth potential & company specific drivers (AMZN, META, UBER), along w/subscription names that we believe are more macro resilient (NFLX, SPOT).”Jefferies downgrades Novartis to hold from buyJefferies said in its downgrade of Novartis that the pharma company’s pipeline launches will take longer to come to fruition.“Sales of key launches need to demonstrate a robust ramp-up to drive confidence in potential for longer-term upgrades.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":193,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":30,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}