Morgan Stanley raised its price target on Broadcom to $502 per share from $485, citing strong earnings and growth trends. Conversely, Macquarie downgraded Broadcom to neutral due to concerns over Alphabet's insourcing, which could affect Broadcom's position in Google's supply chain. Jefferies upgraded RTX to buy, emphasizing its strong free cash flow and leading positions in Aerospace and Defense.
Wolfe initiated coverage on FedEx Freight with an outperform rating, anticipating material EPS growth following its spin-off from FedEx. Bank of America reiterated its buy rating on Alphabet, projecting significant capital expenditures and free cash flow in the coming years. Wells Fargo expressed increased confidence in Microsoft, supported by positive feedback on its AI platform.
Mizuho maintained an outperform rating on Nvidia, highlighting its strong position in optical networking. Other notable calls included upgrades for Medtronic, UnitedHealth, and Expro Group Holdings, reflecting positive outlooks based on market conditions and company fundamentals.
Overall, these analyst ratings suggest a dynamic market environment where investor confidence is shifting based on company performance and broader economic factors