Wall Street
This little-known software stock is a high-quality growth pick that could jump 45% in the second half of 2023, Bank of America says
Investors should buy JFrog ahead of a recovery in the second half of 2023, according to Bank of America. Analyst Brad Sills upgraded shares of JFrog to buy from neutral, saying the high-quality growth stock could bounce later this year — even if it is out of favor with investors for the moment. “We believe […]
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‘Halftime Report’ traders like financials, see sector doing well even in a recession
As investors position their portfolios for the year ahead, one sector is a standout pick for the investment panel on CNBC’s “Halftime Report” : financials. Financials are well-positioned to deal with volatility after preparing for a bearish scenario in 2023, according to the investment committee on Wednesday. The panel included Joe Terranova, Karen Firestone, Jenny […]
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Wells Fargo says this major financial institution decide on can jump 55% this 12 months
Wells Fargo analyst Mike Mayo named Financial institution of The us his best choose for 2023 on expectations for “in close proximity to ideal-in-course” progress in internet fascination revenue, gain margins and earnings. The stock should really benefit a higher a number of this yr and can climb 55% from its rate on Tuesday, Mayo […]
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Shares of Charles Schwab could rise 20% as interest rates peak, Goldman Sachs says in upgrade
This could be a strong year for Charles Schwab , according to Goldman Sachs. Analyst Alexander Blostein upgraded shares to buy from neutral. The analyst also has a price target of $98 per share, implying upside of roughly 20% from Tuesday’s close. Shares rose more than 1% on Wednesday. “We think that most of the […]
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Credit Suisse upgrades Corning, says optics stock is leaving challenges behind in 2022
Investors can expect a clear path forward for Corning , according to Credit Suisse. Analyst Shannon Cross upgraded shares to outperform from neutral, saying the company’s previous challenges no longer weigh on the stock. “[We] believe a number of our prior concerns are now behind the company or baked into the stock’s current multiple of […]
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Bank of America upgrades Merck, says pharma giant will outperform even as macro pressures mount
Investors can expect further gains from Merck this year, Bank of America said. Analyst Geoff Meacham upgraded shares to buy from neutral, saying the pharmaceutical company will continue to outperform even as macro pressures mount in 2023. “We are upgrading MRK to Buy from Neutral based on continuation of strong growth trends seen last year […]
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Wells Fargo downgrades Target, says headwinds are mounting for the retailer
It’s time to step to the sidelines on Target , according to Wells Fargo. Analyst Edward Kelly downgraded shares to equal weight from overweight, saying a weaker consumer in 2023 will be especially challenging for general merchandise companies. “TGT’s outlook has deteriorated meaningfully and we no longer see it as an attractive investment into an […]
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UBS downgrades Microsoft, cites weakening outlook for Azure and Office
There’s some weakness ahead for Microsoft , UBS said. Analyst Karl Keirstead downgraded the tech giant to neutral from buy, saying the latest round of field checks into the business lowered the bank’s confidence in the stock. “We are downgrading our rating on Microsoft shares to a Neutral from a Buy on the back of […]
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Josh Brown warns we could break the October lows, but has stocks to buy for second half
Josh Brown issued a warning for investors on Tuesday, noting that new bear market lows could soon be reached. “You could divide up everyone on Wall Street right now in one of two camps. Do we break the October lows or do we not? I think we break the October lows,” Brown, the CEO of […]
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Bank of America downgrades logistics stock XPO, cites worsening outlook for smaller freight loads
It’s time to be cautious on XPO , Bank of America says. Analyst Ken Hoexter downgraded shares of XPO to neutral from buy, and lowered his price target, saying the logistics company will have to contend with a tougher outlook for less-than-truckload shipping. LTL refers to the transportation of smaller freights that typically don’t require […]
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