Wall Street’s Latest Stock Recommendations and Initiations
Date: Tuesday
Goldman Sachs Initiates Golar LNG with a Buy Rating
Goldman Sachs has identified Golar LNG (GLNG) as a compelling investment, initiating its coverage with a Buy rating. The firm sees potential leveraging the growth in the natural gas sector, which could provide substantial returns for investors.
BTIG Downgrades Instacart Amid Rising Competition
BTIG has downgraded Instacart from Buy to Neutral due to increasing competitive pressures in the food delivery market. The firm highlighted ongoing negative developments that could impact the stock’s future performance.
BMO Initiates TransDigm Group as Outperform
BMO Capital Markets has initiated coverage of TransDigm Group (TDG) with an Outperform rating and a target price of $1,420. The firm remains bullish on the aerospace component parts company, anticipating strong performance in the sector.
Bernstein Reiterates Netflix as Outperform
Bernstein continues to recommend Netflix, stating that while a potential acquisition of Warner Bros Discovery has been considered, it remains unlikely. The firm noted that investors should focus on Netflix’s strategic growth opportunities rather than speculative bids.
UBS Upgrades Fidelity Information Services
UBS has upgraded Fidelity Information Services to Buy from Neutral, citing an attractive risk/reward profile. The upgrade comes after several quarters of uneven earnings, which UBS believes have now stabilized, presenting a lucrative opportunity for investors.
Evercore ISI Initiates CoreWeave as Outperform
Evercore ISI has initiated CoreWeave with an Outperform rating, emphasizing the potential for the company to sustain growth despite volatility. Investors are encouraged to view any price dips as buying opportunities, especially due to the company’s unique offerings in AI-based services.
Additional Notable Stock Movements
Several other notable stock updates include Morgan Stanley upgrading Celsius to Overweight, Goldman Sachs downgrading Spotify to Neutral due to valuation concerns, and Citi reiterating its Buy rating on Nvidia with an increased price target. Mizuho also initiated coverage on Amazon and Meta, both with Outperform ratings, recognizing their potential in the evolving tech landscape.
