Wall Street
Jefferies downgrades Starbucks, says recession could hurt consumer spending in 2023
It’s time to move to the sidelines on Starbucks , according to Jefferies. Analyst Andy Barish downgraded the coffee chain to hold from buy, saying shares are likely going to trade in a narrow range after their outperformance this year. “With SBUX stock up +40% since the YTD low in May (S & P -2.8%), […]
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BMO upgrades this gene-editing play, sees shares returning 65% next year
BMO Capital Markets sees a big year ahead for biotech company Beam Therapeutics . Analyst Kostas Biliouris upgraded shares to outperform from market perform, saying he expects updates next year on a key partnership will drive upside for the gene-editing technology company. The analyst also hiked his price target on the stock to $66 from […]
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Stocks making the major moves in the premarket: Normal Mills, Steelcase, Lucid and extra
look at now Movie:5200:52 Wall Road set for mixed open Early morning Report Acquire a seem at some of the largest movers in the premarket: Basic Mills (GIS) – Standard Mills reported greater-than-expected gain and earnings for its most up-to-date quarter, and it lifted its full-calendar year forecast. The foodstuff producer was aided by bigger […]
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This unusual media stock is a top 2023 play from Morgan Stanley because of growing F1 popularity
Shares of Formula One-parent company Liberty Media can go nearly 30% higher on the rising popularity of the auto racing sport, according to Morgan Stanley. Analyst Benjamin Swinburne named the media and entertainment stock one of his top overweight-rated ideas for 2023, saying it can outperform even as growing recessionary challenges are expected to challenge […]
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Oppenheimer downgrades Tesla, says Elon Musk’s dealing with of Twitter could damage electric powered motor vehicle maker
Elon Musk’s dealing with of Twitter is harming sentiment all around Tesla , according to Oppenheimer. Analyst Colin Rusch downgraded shares of Tesla to perform from outperform, saying he can no more time individual protection of the electric powered motor vehicle maker from Musk ‘s controversial management of the social media system. “Although we go […]
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Warner Music upgraded at Atlantic Equities, says shares could jump 20% on growing global music streaming market
Shares of Warner Music Group could jump more than 20% from current levels, according to Atlantic Equities. Media analyst Hamilton Faber upgraded WMG to overweight, saying a recent analysis of the global music streaming market showed strong growth ahead for Warner, one of the “big three” music companies along with Universal Music and Sony Music. […]
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European stocks increased as investors evaluate curiosity charge outlook
European marketplaces were being cautiously greater on Monday, coming off a losing 7 days as hawkish reviews from big central banks signaled further financial coverage tightening in 2023. The Stoxx 600 was up .5% in afternoon trade, with all significant bourses trading in beneficial territory. Oil and fuel led gains, up 2.4%, followed by retail, […]
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MoffettNathanson downgrades AT&T, says telecom stock is overvalued heading into 2023
There’s trouble ahead for AT & T as it competes with Verizon , according to MoffettNathanson. Analyst Craig Moffett downgraded AT & T to underperform from market perform, saying it’s time to sell the stock ahead of 2023 after its outperformance this year. Shares of AT & T are down just 0.5% in 2022, compared […]
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Jefferies upgrades Moderna, citing optimism around promising experimental cancer vaccine
Moderna has a game-changing drug pipeline for 2023, according to Jefferies. Analyst Michael Yee upgraded Moderna to buy from hold, saying a promising new cancer vaccine from the pharmaceutical company has renewed interest in the stock. “We upgrade MRNA to BUY on significant new pipeline story and catalysts ahead. The Covid vaccine story is old […]
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Goldman Sachs names SolarEdge Technologies and First Solar top picks for 2023
The outlook is rosy for SolarEdge Technologies and First Solar , according to Goldman Sachs. Analyst Brian Lee named the two solar stocks among his top picks heading into 2023, saying they can add to this year’s gains. “While solar equities outperformed in 2022 vs. R2K, stocks are still ~20% below early ’21 peak levels […]
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