Here are the biggest calls on Wall Street on Wednesday.
Here are the biggest calls on Wall Street on Wednesday: Morgan Stanley reiterates Apple as overweight Morgan Stanley said its iPhone survey checks show that China is a "bright spot." "The big picture on Apple – iPhone 15 lead times are tracking longer than the iPhone 14 cycle 4 days after pre-orders started, and Services is outpacing our forecast QTD; Contrary to concerns, China is a near-term relative bright spot.
margins can expand going forward." JPMorgan initiates First Citizens Bancshares as overweight JPMorgan said in its initiation of the regional bank that its "best days" are ahead. " First Citizens acquired many parts of SVBs business in late March from the FDIC, and while SVB ultimately failed , we believe the underlying business at SVB was among the most valuable in the U.S. with SVB the bank of the innovation economy.
expansion going into 2024 coupled with an undemanding valuation, especially after the recent correction." Morgan Stanley downgrades Zebra Holdings to underweight from equal weight Morgan Stanley said the turnaround is taking longer than expected for the computer printing tech company. "Downgrading ZBRA to UW given our view that duration of demand turndown would be longer than expected due to overbuild during COVID and ongoing constraints to consumer spending.
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