Verizon will continue to face near-term challenges around subscriber growth, as it waits for 5G to pay off, according to Bank of America. Analyst David Barden downgraded shares of Verizon to neutral from buy, saying in a Thursday note that the wireless network operator’s big bet on 5G has yet to pay off — as … Read more
Here are Friday’s biggest calls on Wall Street: Barclays downgrades AT & T to equal weight from overweight Barclays said in a note to clients after AT & T’s earnings report that it has “credibility questions” which are likely to persist. “AT & T’s results, while being impacted to some extent by the macro backdrop, … Read more
Some analysts covering Tesla seem to be breathing a sigh of relief following the release of the electric car maker’s latest quarterly results. The company reported Wednesday earnings per share that beat analyst expectations, with revenue growing by 42% on a year-over-year basis. However, automotive margins declined due to inflation and increased competition for electric-vehicle … Read more
Gains for Microsoft could be limited going forward, according to BMO Capital Markets. The firm on Friday cut is price target to $305 from $345. The new price target is still 20% above Thursday’s close of $254.08. “While we continue to find MSFT’s valuation attractive and its risk/reward favorable, we are lowering our target price … Read more
Here are Wednesday’s biggest calls on Wall Street: KeyBanc initiates Lyft and Uber as equal weight KeyBanc said he ridesharing companies need to prove that profitability is sustainable. “For Uber profitable growth is necessary to prove out. Investors already view Uber as a LT outperformer due to its scale. … . For Lyft , profitability … Read more
