Here are Friday’s biggest calls on Wall Street: HSBC downgrades Meta to reduce from hold HSBC downgraded the stock after Wednesday’s earnings report and said it sees too many headwinds. “Headwinds include macro, competition and regulation vs one longer-term tailwind that is Meta’s lead in Metaverse RBC downgrades Boeing to sector perform from outperform RBC downgraded the stock due to “supply chain execution challenges.” “We are downgrading shares of Boeing to Sector Perform, and maintaining our $225 PT. We believe continued supply chain execution challenges will limit near-term upside deliveries, and will be an overhang on investor sentiment.” Bernstein reiterates Apple as market perform Bernstein said it sees too many headwinds after Apple’s mixed earnings report on Thursday. “We net out mixed on Apple’s results. On one hand, Q2 revenues are not a slam dunk, revenues will almost certainly decline in FY23, and valuation remains elevated vs. history and tech peers.” Deutsche Bank reiterates Apple as buy Deutsche said it still sees a positive a positive risk/reward after Apple’s disappointing earnings report on Thursday. ” AAPL did not provide revenue guidance for F2Q due to macro uncertainties, but suggests y/y revenue growth will be similar to F1Q level of down -5% y/y. We found this encouraging given there is one less week in this year’s F2Q vs. F1Q. AAPL also expects iPhone y/y revenue growth to accelerate in F1Q.” Read more about this call here. Deutsche Bank downgrades Ford to sell from hold Deutsche downgraded the automaker after its earnings report on Thursday, noting it sees “considerable operational shortfalls.” “Downgrade Ford to Sell on operational shortfalls and earnings risk.” UBS reiterates Chipotle as buy UBS said it sees more upside for Chipotle shares heading into earnings on Feb. 7. “We see further upside for CMG shares following a +22% move YTD, given: robust unit development, ongoing margin expansion, and visibility into industry leading LT…
2023-02-03 08:37:00
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