jetcityimage Bank of America Securities downgraded Visa (NYSE:V) and Mastercard (NYSE:MA) to Neutral from Buy as analyst Jason Kupferberg sees limited upside potential to the two payment networks’ valuation multiples and estimates. “Investor positioning remains crowded. Regulatory developments could limit multiple expansion and V/MA’s ability to take price,” the analystContinue Reading
Comstock Images/Stockbyte via Getty Images Ally Financial (NYSE:ALLY) stock perked up 2.3% in Monday morning trading after J.P. Morgan upgraded the auto lender to Neutral from Underweight as analyst Richard Shane thinks its credit, net interest margin and multiple trajectory “have been overly conservative.” “As the impact of less profitableContinue Reading
duoogle H.C. Wainwright initiated coverage of Kyverna Therapeutics (NASDAQ:KYTX) with a neutral rating, stating that it was awaiting more data on the company’s cell therapy KYV-101 before becoming more positive on the stock. The investment bank noted that the company recently shared “lackluster” data on KYV-101 in the treatment ofContinue Reading
Michael M. Santiago/Getty Images News Seaport Research Partners analysts are downgrading The Goldman Sachs Group Inc. (NYSE:GS) from “buy” to “neutral.” Senior Analyst Jim Mitchell wrote in a Diversified Financials report that this downgrade is “primarily driven by valuation.” The Goldman Sachs Group Inc.’s (GS) estimated EPS went from 3%Continue Reading
Rafe Swan/Cultura via Getty Images J.P. Morgan upgraded Principal Financial Group (NASDAQ:PFG) from Underweight to Neutral on favorable macro backdrop. “PFG has a superior business mix that carries less tail risk and will generate a higher ROE and better free cash flow than other life insurers,” the analysts said. TheContinue Reading
GoodLifeStudio/iStock Unreleased via Getty Images Online job marketplace companies Fiverr (NYSE:FVRR) and Upwork (NASDAQ:UPWK) were assumed with Neutral ratings at UBS. Amid a “subdued” macro background and the fact that Fiver has placed an emphasis on higher-spend buyers, the company is undergoing a transition, UBS said. As such, the investmentContinue Reading
duoogle Piper Sandler has downgraded Zimmer Biomet (NYSE:ZBH) to neutral, citing a lack of near-term catalysts. The investment bank said it sees “limited” upside to large joint estimates for the second half of the year and 2025. It also noted the company is facing increased competition in the robotics marketContinue Reading
Sundry Photography Cloudflare’s (NYSE:NET) stock rose about 2% premarket on Tuesday after UBS upgraded the shares to Neutral from Sell and raised the price target on the stock to $82 from $76. The analysts noted that last year they initiated Cloudflare with a Sell rating, based on a view thatContinue Reading
GOCMEN Goldman Sachs analyst Will Nance assumed coverage of four payment technology stocks from Michael Ng, with Buy ratings on Affirm Holdings (NASDAQ:AFRM) and Square-parent Block (NYSE:SQ) and Neutral ratings on PayPal Holdings (NASDAQ:PYPL) and Marqeta (NASDAQ:MQ). Affirm (AFRM): “We view AFRM as the leading provider of modern credit solutionsContinue Reading
Khanchit Khirisutchalual/iStock via Getty Images Truist downgraded its rating on the Technology sector (SP500-45TR0)(XLK) to neutral from overweight on Friday following a sharp run-up by the group against the S&P 500 (SP500)(SPY). Keith Lerner, chief market strategist at Truist, said Technology has gained about 40% since it overweighted the sectorContinue Reading
