Here are the biggest calls on Wall Street on Monday.
Here are the biggest calls on Wall Street on Monday: TD Cowen initiates On Holding as outperform Cowen initiates the shoe manufacturer and says it sees a strong growth opportunity. "We are initiating coverage with an ONON with an Outperform rating and $38 price target. Our survey work on customer acquisition and the market share opportunity highlights long tailed growth opportunity, while consensus margin estimates look conservative through FY25 and guidance for FY23 is likely to be raised.
" Morgan Stanley downgrades Conagra to equal weight from overweight Morgan Stanley said in its downgrade of the food products company that it sees packaged food volumes "softening." "We downgrade CAG to EW as we see headwinds to CAG's growth outlook from softening packaged food volumes, risk of increasing trade down, and potential for increasing reinvestment limiting EPS growth.
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