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Wednesday’s Biggest Analyst Calls: Apple, Meta, Boeing, Amd, Carvana, Ford, Robinhood & More

November 1, 2023
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Here are the key Wall Street recommendations for Wednesday:

UBS maintains its buy rating on Advanced Micro Devices, stating that late-cycle corrections in some of AMD's peripheral businesses are overshadowing a growing data center story, particularly in AI.

TD Cowen initiates coverage on Discover with an outperform rating, believing that concerns over regulatory issues are exaggerated, and investors should consider buying the stock.

Piper Sandler starts coverage of Polestar with an outperform rating, describing it as an intriguing electric vehicle brand with potential.

Goldman Sachs downgrades ZoomInfo Technologies to neutral from buy due to mixed earnings and reduced visibility.

Bank of America upgrades Graphic Packaging to buy from neutral, citing improved forecasts and resolving prior concerns.

Morgan Stanley upgrades Progressive to equal weight from underweight, noting a strong setup for 2024.

Bernstein upgrades Stellantis to outperform from market perform after an agreement with the UAW, expecting strong annual free cash flow in 2024 and 2025.

Barclays upgrades Ford and General Motors to overweight from equal weight, considering their shares as attractively priced.

Loop reaffirms its buy rating on Meta shares, highlighting the lower stock price and higher earnings outlook as a buying opportunity.

JPMorgan initiates Six Flags with an underweight rating, citing deteriorating attendance visibility for the theme park company.

Goldman Sachs adds Boeing to its conviction buy list, anticipating a favorable entry point in the early stages of a long-cycle recovery.

Morgan Stanley upgrades STMicroelectronics to overweight from equal weight, expecting margin strength and a robust recovery.

Guggenheim upgrades NRG Energy to buy from neutral, expressing confidence in the company's management and capital return commitment.

Cantor Fitzgerald initiates coverage on VinFast with a buy rating, expressing optimism about the EV company's expansion into the U.S.

Loop upgrades Cirrus Logic to buy from hold, identifying a unique opportunity for the semiconductor company.

Deutsche Bank downgrades Paycom to hold from buy after disappointing earnings.

UBS upgrades JD.com to buy from neutral, considering the Chinese retailer's valuation as attractive.

UBS reiterates its neutral rating on Apple, noting decreasing iPhone wait times.

JPMorgan downgrades BP to underweight from neutral due to a wider standard deviation in financial performance.

Mizuho reaffirms its buy rating on Robinhood, calling it a best-in-class next-gen exchange.

TD Cowen reiterates its market perform rating on Carvana but expects a 3Q revenue decline due to factors like elevated rates and cost efficiency efforts.

Editorial Board
Eric Ng
John Liu
Editorial Board
Bryan Curtis
Adan Harris
Managing Editor
Cathy Hills
Associate Editor

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