Here are Monday’s biggest calls on Wall Street: KeyBanc reiterates Apple as sector weight KeyBanc said its carrier survey checks look “moderately negative” for Apple shares. “Our February carrier survey indicates iPhone 15 sell-through was largely in line with store expectations with pockets of softness.” Morgan Stanley reiterates Starbucks as overweight Morgan Stanley said it’s standing by its overweight rating on Starbucks shares. “Our OW view acknowledges the tougher trends and weak sentiment at play currently which have limited participation in the stock, but we continue to see limited downside risk at current levels and believe there are catalysts over the medium to long term for what remains an attractive business for the long run.” Telsey downgrades Hibbett Sports to market perform from outperform Telsey said it sees too many negative catalysts ahead for the sporting goods company. “We are downgrading our rating on HIBB to Market Perform from Outperform given that 2024 is projected to be a more difficult year than we anticipated with the comp flat to down LSD and operating margin contraction, while we had been expecting comp growth and operating margin stabilization.” JPMorgan upgrades ESAB to overweight from neutral JPMorgan said the welding company is a “growth compounder.” “ESAB: How to think about 1Q vs. the rest of the year? ESAB expects 2024 sales cadence of ~24.0% in 1Q, ~25.5% in 2Q, ~24.5% in 3Q and ~26.0% in 4Q.” Mizuho reiterates Meta as buy Mizuho said it sees “upside to consensus” for Meta. “Our deep dive into META’s key products indicates upside to consensus FY24 revenue forecast, and meaningful optionality in strategic assets.” Goldman Sachs reiterates Tesla as neutral Goldman Sachs lowered its price target on the stock to $190 per share from $220. “We are lowering our Tesla estimates to better reflect what we believe are both production (e.g. Model 3 ramp pace, and downtime in Berlin tied to the Red Sea conflict/power loss) and market headwinds.” HSBC reiterates Nvidia as buy HSBC raised its price target on the stock to $1,050 per share from $880. “We are encouraged by Nvidia’s AI product roadmap which focuses on moving beyond GPUs [graphic processing unit] and towards owning the entire value chain.” JPMorgan reiterates Netflix as overweight JPMorgan said it’s “positive on Netflix’s ability to accelerate revenue growth in 2024, expand margins, & drive multi-year FCF ramp.” “NFLX shares have significantly outperformed since 4Q…
Click Here to Read the Full Original Article at Investing…
