SUPERNEWS

Equities

Shift4 and Nucor Rated Buy; Boeing Faces Downgrade Concerns

By Mackenzie Crow

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1/17, 21:40 EST
Amazon.com, Inc.
Boeing Company
Enphase Energy, Inc.
Home Depot, Inc.
Nucor Corporation
NXP Semiconductors N.V.
SolarEdge Technologies, Inc.
Target Corporation
Verizon Communications Inc.
Western Digital Corporation

Key Takeaway

  • Analysts see attractive entry points and growth potential in Shift4 Payments (buy), Nucor (buy), and bullish sentiment on SolarEdge, Enphase Energy, and Nextracker.
  • Upgrades include Home Depot to overweight, Western Digital to buy with a $65 target, Dutch Bros to buy, Starbucks to overweight with favorable risk/reward, and Target to overweight with a $165 price target.
  • Downgrades reflect concerns over Boeing's Max issues leading to increased production/delivery risks

Analyst Calls Impacting US Stocks

The latest analyst calls have had a significant impact on various US stocks, with upgrades, downgrades, and initiations affecting investor sentiment.

  • KBW initiated Shift4 Payments as a buy due to its attractive entry point for strong organic and inorganic growth.
  • UBS initiated Nucor as a buy, citing the company's high-quality industrial status after reengineering its business model.
  • Piper Sandler upgraded Home Depot to overweight from neutral, taking a more bullish stance on home improvement and large remodel projects.
  • Barclays upgraded NXP Semiconductor to overweight from equal weight, highlighting the company's well-positioned status within the semis industry.

Upgrades & Downgrades Driving Stock Movement

Several companies saw their stock prices impacted by recent upgrades or downgrades from major financial institutions.

  • Citi added Verizon to its Positive Catalyst Watch list ahead of earnings later this month, expecting stabilizing wireless competitive landscape.
  • Deutsche Bank upgraded Western Digital to buy from hold based on an attractive risk/reward scenario for the stock.
  • Stifel upgraded Dutch Bros to buy from hold due to confidence in the company’s management and future progress under new leadership.

Boeing Downgrade and Starbucks Upgrade

Analyst calls also reflected market performances and valuations of certain stocks:

  • Wells Fargo downgraded Boeing due to ongoing concerns about production issues related to Max aircrafts but reiterated Amazon as overweight heading into earnings later this month.
  • Morgan Stanley upgraded Starbucks based on an attractive risk/reward skew for shares despite recent headwinds across SBUX’s global business.