Here are the biggest calls on Wall Street on Thursday
Wedbush upgraded the maker of casual wear mainly on valuation.valuation now reset, as shares currently trade at a 66% discount to the company's 5-year historical PE and proprietary data inflects positively, we are upgrading our rating on shares to NEUTRAL, and issuing a POSITIVE data signal. "J.P. Morgan said in its upgrade note that the company's subscriber trends have "stabilized.
"Despite the undeniable success of Grand Theft Auto & RDR and the long-tail revenue contribution, we believeCowen initiated Microsoft as 'outperform'"We believehas positioned itself in the right secular growth markets to deliver an incremental $100BN of revenue by FY25, driving consistent double digit earnings growth in FY20-FY25. We expect MSFT's Commercial Cloud, including both Office 365 Commercial and Azure, to be the primary driver of growth going forward.
"We raise our PO to $17 based on a higher 10x 2020e EV/Sales to reflect improving user trends and higher growth expectations."Bank of America said downgraded the regional bank and said shares will "lag" as the Fed cuts rates.is the most short-rate sensitive stock in our universe, and we believe shares will continue to lag peers as the Fed cuts rates.
"Record levels of precipitation combined with heightened price competition within personal lines insurance mean core home/auto margins are under more pressure...Insurers most levered to homeowners' insurance are
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