Here are the biggest calls on Wall Street on Tuesday
has returned to a narrative of growth rather than recovery, with on-trend initiatives that well position the company to appeal to its target base and outperform peers. "Jefferies said Microsoft is unlikely to ever see margins like Amazon Web Services.is one of the greatest software success stories in the short history of the sector, but we believe that MSFT, the stock, is materially overvalued.
"We believe weak tourist traffic continues to impact global demand levels, and we are concerned that SSS growth may prove more difficult to achieve as the company laps its paper flowers launch. We think macroeconomic uncertainties have built since our last positive deep dive in mid-April."Kellogg is taking positive steps for the future but there are still too many "poor trends" and is lowering hope for a second half turnaround.
"Overall, while we think the company is taking the right steps for the long-term, they are coming at a higher than expected cost & risk. In our view, recently increased spot grain prices foretell an H2 cost headwind to offset recent energy & freight tailwinds. "
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