Street calls of the week: Upgrades for Best Buy and Lululemon
Investing.com -- Here is your Pro Recap of the top takeaways from Wall Street analysts for the past week: upgrades forCiti is double upgrading BBY shares from Sell to Buy. The research team believes that the catalyst path looks positive from here with upside potential to both earnings and valuation. This is based on tech replacement cycles underway, new AI innovation providing incremental demand, and margin execution remaining solid.
Best Buy opened the regular session at $85.96 and closed at $86.94, a gain of 2.50% from the prior day's regular close.Goldman Sachs has revised its stance on MAXN following the company’s earnings report for 4Q23 and 1Q24, released on May 30. The report showed that both gross margins and EBITDA fell short of GSe/Factset consensus expectations, leading to a weaker-than-anticipated guidance for 2Q24 and the full year of 2024.
Medifast’s advertising campaign for its GLP-1 offering, initially scheduled for June, has been delayed to July. The impact of these ads on customer acquisition won’t be disclosed until November. With the stock down 64% year-to-date, DA Davidson suggests the possibility of further decline.
Furthermore, Jefferies highlights the significant cash generation expected through 2028, predicting that net cash will eclipse the market cap in F28. As a result of these factors, the firm has upgraded COLL to a Buy with a $44 price target. This target is based on an equal weighting of 5xC25 adjusted EBITDA and a DCF analysis. Despite the recent leadership changes, Jefferies sees potential for growth and profitability in COLL’s future.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Real Street: A Variation of Pro Street for Cars That Will See Real Street MilesFrom the September 1987 issue of HOT ROD: A five-point plan that's a cross between Pro Stock looks and European GT road race car durability and driveability.
Read more »
The Best Buy Memorial Day Appliance Sale Is Starting Early: Shop the 21 Best DealsWhether looking for a single appliance or a whole package, the time is ripe to score major discounts.
Read more »
Street calls of the week: Upgrades for Dupont, Datadog and NetAppStreet calls of the week: Upgrades for Dupont, Datadog and NetApp
Read more »
Street calls of the week: Upgrades for Micron, Magnite and GoodRx HoldingsStreet calls of the week: Upgrades for Micron, Magnite and GoodRx Holdings
Read more »
Street calls of the week: Upgrades for Intel and Robinhood; downgrade for SunPowerStreet calls of the week: Upgrades for Intel and Robinhood; downgrade for SunPower
Read more »
BofA Securities Upgrades Melco Resorts & Entertainment Limited to BuyBofA Securities Upgrades Melco Resorts & Entertainment Limited to Buy
Read more »