Analysts upgrade Nvidia and CryoPort on growth outlook
On Monday, several major analyst calls were made on Wall Street, influencing expectations for various companies. Melius maintained its "buy" rating for Nvidia, emphasizing the positive prospects the company has based on AI demand and orders from hyperscalers for the upcoming year. UBS upgraded CryoPort to “buy,” citing the company's strong position in cell and gene therapy. Evercore ISI downgraded Lennar from “outperform” to “in line.” They pointed out uncertainties about the company's operational model in a challenging market. Meanwhile, Wedbush added IBM to its "Best Ideas" list, expressing growing confidence in the company's future. UBS also upgraded Nucor and Steel Dynamics, indicating favorable mid-term prospects for both steel companies. Jefferies reaffirmed Microsoft as a buy, calling it one of their top large-cap stocks due to its attractive risk-reward balance. Morgan Stanley initiated coverage of Dutch Bros, naming it an “overweight” stock based on its popularity and growth potential. They also upgraded both Lumentum and Coherent to "strong buy," highlighting their roles in Nvidia's supply chain. Melius upgraded Boeing from neutral to buy, anticipating positive developments, including quicker aircraft deliveries. Deutsche Bank upgraded ViaSat to buy, recognizing multiple avenues for value creation. Goldman Sachs downgraded Super Micro to sell, noting unattractive risk-reward dynamics in the AI chip market. Barclays kept Disney at overweight, citing growth prospects from its cruise business. Morgan Stanley initiated ratings on Mondelez and J.M. Smucker as overweight, praising their robust growth potential. They also highlighted BellRing Brands as compelling due to its recent stock pullback. Wells Fargo maintained JPMorgan at overweight, predicting gains from market volatility. Morgan Stanley also reiterated Apple as overweight, as the company ramps up iPhone production due to tariff considerations. Eli Lilly was reaffirmed as overweight based on its position in the growing diabesity market. JPMorgan maintained a positive outlook on Netflix, expecting strong revenue growth. Bank of America initiated coverage of DT Midstream as buy, labeling it undervalued. They reinstated Generac as a buy, highlighting its dominance in the backup power market. Jefferies upgraded FedEx to buy, suggesting investors take advantage of recent price dips due to ongoing transformations within the company. Conversely, Bank of America downgraded Lockheed Martin to neutral, citing concerns about the quality of earnings. Lastly, Guggenheim upgraded Pinterest to buy, viewing the recent drop in share prices as a good investment opportunity based on the company's growth potential.