Here are the biggest calls on Wall Street on Monday.
Here are the biggest calls on Wall Street on Monday: TD Cowen initiates Spotify as market perform TD said in its initiation of Spotify that the valuation seems reasonable "already discounts in a fairly optimistic financial trajectory." "While we expect Spotify to continue to grow revenue at double-digits and enjoy margin improvement over time, we think current valuation already discounts in a fairly optimistic financial trajectory.
initiates Marriott as buy said Marriott is "best-in-class" "The world's largest lodging company, well positioned for growth given its unrivalled scale and best-in-class brand portfolio." Bank of America downgrades Alcoa to neutral from buy Bank of America said the turnaround is taking longer than expected. "While the BofA commodities team is bullish aluminum primary product) for 2024E, they are cautious in the more immediate term.
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