Notable analyst calls this week: IBM, Apple and Lululemon among top picks
Complete. Here is the key summaryWall Street analysts issued mixed calls this week. IBM was downgraded by Oppenheimer due to disappointing Q2 results, while Apple was upgraded to Buy by HSBC on strong AI and hardware prospects. KeyBanc cut Skyworks but raised price targets for Nvidia, Intel, Micron, Marvell, and AMD. Lululemon was downgraded to Sell by Truist citing weak demand. Additionally, Nextpower, Palo Alto Networks, and Okta received upgrades.
The S&P 500 (SP500) closed in the red on Friday, after the week saw the beginning of another earnings season, with companies such as Netflix and UnitedHealth coming up with their quarterly report cards. Nasdaq (COMP:IND) remained almost flat for the week, while Dow (DJI) gained 0.1%. Wall Street had a slew of upgrades and downgrades from analysts. ...