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Analyst Calls: Netflix, Nvidia, Eli Lilly, Disney, Levi's, Exxon, Walmart & More in Focus

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Friday's Notable Analyst Calls: Insights for Investors

Here are some of the significant analyst calls that made headlines on Wall Street. These calls provide valuable insights for investors, offering guidance on various stocks and sectors.

Piper Sandler Upgrades Shoals to Overweight

Piper Sandler upgraded Shoals, a solar technology company, from neutral to overweight. The firm advised investors to consider buying the dip in the company's shares. Piper Sandler attributed the weakness in Shoals to the equity weakness of the largest renewable utility/developer, which was influenced by higher interest rates.

Bernstein Initiates Disney as Outperform

Bernstein initiated coverage on Disney, rating it as outperform. The firm sees Disney as a real challenger to Netflix and believes in its potential to transition to direct-to-consumer (DTC) at scale, especially when combined with Hulu. Despite a bearish view on Linear versus consensus, Bernstein remains bullish on Disney's prospects.

JPMorgan Reiterates Exxon as Overweight

JPMorgan reiterated its overweight rating on Exxon, the oil and gas giant. The firm believes that Exxon has multiple re-rating potential due to its diversified portfolio, improved execution, portfolio management, and return of capital.

Barclays Reiterates Nvidia as Overweight

Barclays maintained its overweight rating on Nvidia, a leading technology company. The firm acknowledges the potential AI restrictions ahead for companies but stands by its positive outlook on Nvidia. Barclays believes that the company's shipments to China and the pipeline noted by Intel for Gaudi indicate further growth potential.

Citi Adds Positive Catalyst Watch on Discover

Citi added a positive catalyst watch on Discover, a credit card and financial services company. The firm sees numerous positive catalysts ahead for Discover and believes in its potential for growth in the coming months, not necessarily tied to quarterly results.

Seaport Initiates Netflix as Buy

Seaport initiated coverage on Netflix with a buy rating. The firm sees plenty of upside in the shares of the streaming giant. Seaport believes that Netflix's early stages of converting "borrowers" (password sharers) and its entry into advertising have positively impacted sentiment, with further potential upside in capturing a fair share of the global ad market. These are just a few of the notable analyst calls from Friday. Each call provides valuable insights into the respective companies and sectors, helping investors make informed decisions. As always, it is essential for investors to conduct thorough research and consider their own investment strategies before making any investment decisions.

Implications of Analyst Calls for New Business Formation

The recent analyst calls offer valuable insights that could influence the decision-making process for new business formations. These calls not only provide a snapshot of the current market trends but also shed light on the potential opportunities and challenges that lie ahead.

Renewable Energy Sector: A Potential Goldmine

Piper Sandler's upgrade of Shoals, a solar technology company, to overweight signals a promising future for renewable energy businesses. Despite the current equity weakness due to higher interest rates, the firm's advice to buy the dip indicates confidence in the sector's long-term prospects. This could serve as a positive signal for entrepreneurs considering a venture in the renewable energy sector.

Direct-to-Consumer Trend: A Game-Changer

The initiation of Disney as outperform by Bernstein underscores the growing trend of direct-to-consumer (DTC) business models. The firm's bullish outlook on Disney's potential to transition to DTC, especially when combined with Hulu, suggests that businesses adopting a DTC model could stand to gain in the current market scenario.

Technology Sector: Navigating Potential AI Restrictions

Barclays' reiteration of Nvidia as overweight, despite potential AI restrictions, highlights the resilience and growth potential of technology companies. This could be an important consideration for new businesses planning to operate in the technology sector.
Credit Card and Financial Services: Positive Catalysts Ahead
Citi's positive catalyst watch on Discover suggests optimism about the credit card and financial services sector. This could be an encouraging sign for new businesses exploring opportunities in this sector. In essence, these analyst calls provide critical market insights that could influence the strategic direction of new businesses. As always, thorough research and careful consideration of market trends are crucial for successful business formation.
Story First Published at: https://www.cnbc.com/2023/10/06/analysts-favorite-stocks-on-wall-street-on-friday.html
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