Here are Friday's biggest analyst calls: Nio, Nvidia, UPS, Amazon, Oracle, Lyft, Microsoft, Walmart, Exxon, Netflix, AT&T & more
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 07 2024
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Source: CNBC
- Oppenheimer initiates International Flavors as outperform: Oppenheimer starts coverage on International Flavors & Fragrances with an Outperform rating and a $116 price target due to continued execution and balance sheet milestones.
- Wells Fargo initiates UPS as overweight: Wells Fargo is bullish on UPS, initiating it as Overweight with a $156 target, citing cost initiatives that de-risk market assumptions for long-term guidance.
- TD Cowen reiterates Amazon as outperform: TD Cowen maintains a positive outlook on Amazon, particularly its cloud service company AWS, forecasting strong revenue growth.
- Wolfe reiterates Nvidia as outperform: Wolfe reaffirms its outperform rating on Nvidia, highlighting networking as a key driver of performance and differentiation.
- Wells Fargo initiates Norfolk Southern & Union Pacific as overweight: Wells Fargo sees significant growth potential in Union Pacific and Norfolk Southern, initiating coverage with a focus on EPS growth opportunities.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
