Goldman Sachs has reaffirmed its buy rating on Netflix, adjusting its 12-month price target from $94 to $90 due to estimate adjustments, despite acknowledging the stock's underperformance year-to-date. Baird initiated coverage on SPX Technologies with an outperform rating, citing its strong track record and growth potential.
Wells Fargo upgraded Cleveland-Cliffs to overweight, indicating a tactical approach as the steel pricing cycle approaches its peak. BMO initiated AvePoint with an outperform rating and a target price of $17, highlighting its favorable position in data management. B.
Riley upgraded Skyworks Solutions to buy, noting an attractive entry point following the early closure of a deal with Qorvo, which is expected to enhance earnings. Gordon Haskett upgraded Dollar General to buy after a positive meeting with management, emphasizing potential margin improvements.
Raymond James upgraded Prosperity Bancshares to outperform, suggesting a favorable risk/reward scenario for the bank. Goldman Sachs also raised its price target for SpaceX to $230, reflecting confidence in its AI segment.
Mizuho upgraded Advanced Micro Devices to outperform with a new price target of $705, while Bernstein reiterated its outperform rating on Apple, citing strong iPhone sales growth. Other notable upgrades included Procter & Gamble by Evercore ISI, which sees structural progress, and Morgan Stanley's upgrade of BorgWarner, anticipating higher-margin opportunities.
Overall, these analyst calls reflect a cautious optimism in various sectors, with some companies positioned for growth amidst broader market challenges