A tech giant and a regional bank were in focus among Thursday's biggest analyst calls.
A tech giant and a regional bank were in focus among Thursday's biggest analyst calls. KeyBanc initiated coverage of Microsoft with an overweight rating, noting the company is primed to benefit from companies monetizing artificial intelligence. Goldman Sachs started coverage of First Citizens Bancshares with a buy rating, saying the regional bank can continue rising from here. Check out the latest calls and chatter below. All times ET. 6:17 a.m.
mountain NVDA in 2024 — Brian Evans 5:58 a.m.: TD Cowen upgrades Broadcom on yet to be realized AI play Broadcom could have more room to run and take further advantage of an AI opportunity, according to TD Cowen. The firm upgraded the chipmaker to outperform from market perform on Thursday and increased its price target to $1,500 from $1,400. TD's forecast implies 17% upside from Wednesday's close. Broadcom stock has climbed 14.3% in 2024.
mountain MSFT year to date "Between Azure and the suite of copilots being rolled out across Office and elsewhere in the product portfolio, Microsoft sits in the catbird seat in two of the three main ways software vendors can monetize the AI wave," analyst Jackson Ader wrote in a note.
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