Analysts are intrested in these 5 stocks: ( (M) ), ( (AVGO) ), ( (RH) ), ( (NOW) ) and ( (STLA) ). Here is a breakdown of their recent ratings and the rationale behind them.
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Macy’s stock has been given a Hold rating by analyst Mike Hickey. The analyst believes that while Macy’s has shown operational strength, the current macroeconomic environment poses uncertainties that make it prudent to adopt a cautious stance. Investors are advised to keep an eye on the company’s performance as it navigates these challenges.
Broadcom has received an upgrade to a Buy rating from analyst Frank Lee. The analyst is optimistic about Broadcom’s potential in the ASIC market, which is expected to see significant growth. Concerns about share loss in the wireless segment and VMware slowdown have diminished, making Broadcom an attractive investment opportunity with a revised price target of $400.
RH has been downgraded to a Sell rating by analyst Kate McShane. The company is facing challenges due to a pressured housing market and delayed brand extensions. RH’s growth prospects appear limited without improvements in the housing sector, and recent markdowns suggest a shift in strategy that could impact long-term brand value.
ServiceNow has been initiated with a Buy rating by analyst Gil Luria. The company is seen as a leader in business automation and is poised to disrupt the CRM market with its AI capabilities. ServiceNow’s expansion beyond IT service management and its strategic acquisitions position it well for future growth, with a price target set at $1,150.
Stellantis has been upgraded to a Buy rating by analyst Philippe Houchois. The company is undergoing operational improvements under new leadership, with a focus on addressing brand and product challenges. Strategic alliances and technology advancements are expected to enhance Stellantis’ competitive edge, with a price target of €11.5.