JPMorgan has reiterated its overweight rating on Apple, noting that delivery times for the iPhone Duo remain unchanged, with availability extending into late January. Bernstein continues to favor Nvidia, dismissing recent allegations against CEO Jensen Huang as lacking substance. Citi upgraded Rollins to buy, citing strong industry demand and favorable conditions for mergers and acquisitions.
JPMorgan also upgraded SAP, highlighting its strong position in AI as it transitions from pilot projects to production. Oppenheimer upgraded Advanced Micro Devices after a positive meeting with management, while JPMorgan added Meta to its focus list, anticipating strong revenue growth driven by AI improvements.
Wells Fargo initiated coverage on Camping World Holdings and Patrick Industries, suggesting they have significant upside despite modest industry growth. Other notable mentions include upgrades for Unum Group and downgrades for Molson Coors by JPMorgan following disappointing earnings.
Overall, these analyst calls reflect a cautious yet optimistic outlook on various sectors, particularly in technology and biopharma