On Monday, Jefferies raised its price target for Tesla to $400 per share from $375, citing an increase in expected EBIT for Q2 to $1.45 billion, indicating a positive outlook for the electric vehicle manufacturer. JPMorgan upgraded American Express to overweight, emphasizing its defensive revenue model, particularly in light of economic pressures from the Middle East crisis.
Additionally, JPMorgan initiated coverage on Kardigan with an overweight rating, highlighting its promising pipeline. Morgan Stanley upgraded Keysight Technologies, noting its advantageous position in the expanding AI market. Jefferies also upgraded Deckers to buy, suggesting that investors should capitalize on any price weakness, particularly due to HOKA's growth potential.
Wells Fargo initiated Atmos Energy and MDU Resources as overweight, citing their solid growth prospects in the Texas infrastructure sector. Other notable upgrades included Shopify by Jefferies, Capital One by HSBC, and Nio by Goldman Sachs, which sees significant upside potential. Conversely, Bank of America downgraded Papa John's to underperform, citing negative catalysts affecting the company.
Overall, these analyst calls reflect a mix of optimism for certain stocks while cautioning against others, providing investors with insights into potential market movements