Loop initiates Viking Holdings as buy, Bank of America reiterates Alphabet as buy, Wells Fargo reiterates Advanced Micro Devices as overweight, downgrades Snap to equal weight and American Eagle to equal weight, Barclays downgrades Ferrari to equal weight, Piper Sandler upgrades Simon Property to overweight, Jefferies upgrades Mattel to buy, JPMorgan upgrades Janus Henderson to overweight, Piper Sandler initiates Opera as overweight, Rosenblatt downgrades Spotify to neutral, Stifel upgrades Hayward to buy, Citi downgrades Warby Parker to sell and upgrades Molson Coors to neutral, JPMorgan reiterates Nvidia as overweight, reiterates Apple as overweight, UBS reiterates Chipotle as buy.
Here are the biggest calls on Wall Street on Wednesday: Loop initiates Viking Holdings as buy Loop says the cruise company is well positioned. " Viking is relatively underlevered and has better growth prospects in our opinion as it is the smallest public cruise line and operates significant river-based operations." Bank of America reiterates Alphabet as buy Bank of America says it's sticking with Alphabet following the company's "solid" earnings results on Tuesday.
Explosive operating margin expansion — driven by headcount reductions and leverage on copyright royalties as a percent of revenues — is normalizing to more regular levels." Stifel upgrades Hayward to buy from hold Stifel says the pool company is resilient. "Though we reduced our HAYW outlook, we are upgrading the shares to Buy from Hold maintaining our $16.50 target price." Citi downgrades Warby Parker to sell from neutral Citi says the stock is overvalued.
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