Street Calls of the Week: Netflix downgrade; upgrade for Lockheed Martin
Investing.com -- Here is your Pro Recap of the top takeaways from Wall Street analysts for the past week: downgrades for Netflix,JPMorgan has observed that Lockheed Martin has not kept pace with the broader market, remaining unchanged year-to-date compared to an 8% rise in the market, and falling 5% over the past year while the market climbed 26%.
In addition, Crocs announced that HEYDUDE President, Rick Blackshaw, is stepping down effective immediately. Terence Reilly, current President of Stanley 1913 and former SVP & Chief Marketing Officer at Crocs, has been appointed as the new EVP & President of HEYDUDE, effective April 29th. While Mr. Reilly has demonstrated success at Stanley and fits into the culture at Crocs, Williams Trading believes it will take some time for HEYDUDE to regain momentum.
Buy at Maxim means “Fundamental metrics and/or identifiable catalysts exist such that we expect the stock to outperform its relevant index over the next 12 months.”Beyond stock traded higher on the premarket headlines from $25.53 to $24.43, a gain of around 3.52%. Beyond opened the regular session at $24.31 and closed at $23.86, a gain of 1.27%.
Underweight at Morgan Stanley means “The stock's total return is expected to be below the average total return of the analyst's industry coverage universe, on a risk-adjusted basis, over the nextCanaccord states Netflix’s revenue benefited from robust member additions, driven by the expansion of its paid sharing offering. Profitability also outperformed guidance. Looking ahead, Q2 revenue aligns with expectations, while operating income guidance surpasses consensus.
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