Analyst Review – 01/22/24

Upgrades

$AAL – American Airlines Group Inc.
Recent News
Wolfe Research upgraded American Airlines from Peer Perform to Outperform, setting a target price of $17 per share. The firm’s analysts recommend increasing investments in airlines due to a slowdown in domestic capacity growth. Despite underperforming compared to the S&P 500 for four years and facing challenges last year, they anticipate a potential positive revenue per available seat mile (RASM) trend later this year. 2024 is seen as a transitional year for airlines, with earnings per share (EPS) expected to reach a low point. American Airlines stands out for meeting its 2023 capacity and cost per available seat mile excluding fuel (CASMx) targets, having no Boeing MAX-9 issues, and facing lesser risks in certain international routes.
Brokerage Firm: Wolfe Research
Rating Change: Peer Perform >> Outperform
Price Target: $17


Downgrades

$AMD – Advanced Micro Devices, Inc
Recent News
Northland Capital Markets has downgraded Advanced Micro Devices from Outperform to Market Perform. This decision comes after observing the growth in the AI chip market in 2023, influenced by the rising popularity of applications like ChatGPT, price hikes, double ordering, and stockpiling by Chinese companies. Looking towards 2027, the analysts predict the AI chip market to reach a revenue of $125 billion, with AMD potentially earning $16 billion and securing a 13% market share. Despite these prospects, the firm believes that AMD’s current stock prices are already factoring in these optimistic revenue projections for 2027.

Brokerage Firm: Northland Capital
Rating Change: Outperform >> Market Perform
Price Target: N/A


$LOW – Lowe’s Companies Inc.
Recent News

Oppenheimer has downgraded both Home Depot and Lowe’s from Outperform to Perform, signaling a cautious stance on the short-term prospects of the home improvement retail sector. Despite holding a favorable view on the sector’s long-term potential, the analysts are concerned about possible market complacency towards these companies. They warn that the current stock prices of Home Depot and Lowe’s might not fully account for the ongoing challenges they could face, particularly in the early part of fiscal 2024. The firm anticipates that the initial 2024 guidance from both companies might negatively impact their stock performance. However, they suggest that later in 2024, as sector trends potentially strengthen, more favorable opportunities for investment in these stocks may arise. Consequently, Oppenheimer has adjusted its price targets for Home Depot and Lowe’s to $345 and $230, down from $360 and $275, respectively.

Brokerage Firm: Oppenheimer
Rating Change: Outperform >> Perform
Price Target: $230 >> $345

 

DailyBubble’s Disclaimer
This article provided by the DailyBubble team should only be considered as informational and/or entertainment by the reader. DailyBubble makes no representation to buy or sell any security or financial instrument within the article. Readers seeking investment advice should seek independent financial advice from a professional, and independently research and verify. The DailyBubble team wrote this article and may express its own opinions therein.

Related Articles

Subscribe
Notify of
guest
5 Comments
Newest
Oldest Most Voted
Inline Feedbacks
View all comments
刷追蹤
刷追蹤
20 days ago

upysm.com 是一個專業的社交媒體推廣平台,提供各種刷粉絲服務,讓您的Instagram、Facebook、Youtube等帳號快速增加人氣和影響力。無論您是個人創作者還是企業品牌,我們都可以為您量身定制最合適的方案,讓您在社交媒體上脫穎而出。

instagram reels beğeni satın al
instagram reels beğeni satın al
24 days ago

Sosyal medya platformlarında yeni özellikleri ve trendleri takip etmek için takiple.com.tr’yi ziyaret edebilirsiniz; burada, en son güncellemeler ve strateji ipuçları hakkında bilgi bulabilirsiniz.

Hudson Roob
Hudson Roob
24 days ago

C’est comme si vous lisiez dans mon esprit Vous semblez en savoir beaucoup sur ce sujet, comme si vous aviez écrit le livre ou quelque chose du genre Je pense que vous pourriez avoir besoin de quelques images pour faire passer le message, mais à part cela, c’est un excellent blog Une lecture fantastique Je reviendrai sans aucun doute.

Broderick Goyette
Broderick Goyette
27 days ago

Ongoing Rewards: Continuous income as your referrals stay subscribed.

Sex Videos
Sex Videos
1 month ago

What i do not understood is in truth how you are not actually a lot more smartly-liked than you may be now. You are very intelligent. You realize therefore significantly in the case of this topic, produced me individually imagine it from numerous numerous angles. Its like men and women don’t seem to be fascinated until it is one thing to do with Woman gaga! Your own stuffs nice. All the time care for it up!