Jefferies downgrades Simon Property Group, says shopping malls will struggle during a slowdown

Simon Property Group would suffer a downturn as consumers cut spending, according to Jefferies. Analyst Jonathan Petersen downgraded the shares in Simon Property Group to keep from buying, and said in a Thursday announcement that the mall’s real estate investments would struggle during a slowdown. “Malls are most exposed to discretionary consumer spending, and face … Read more

Here are Thursday’s biggest analyst calls: Tesla, Coinbase, Etsy, Nio, Disney, Netflix, Simon & more

Here’s Thursday’s biggest conversation on Wall Street: Morgan Stanley repeats Disney when overweight Morgan Stanley lowered its price target on Disney to $ 125 per share from $ 170, but said the stock is “attractive” at current levels. “Down 40% YTD and below its share price before the Disney Plus launch, we see an attractive … Read more

Raymond James says it’s time to buy health care apparel stock Figs, which can surge 80%

Investors should stock up on Figs shares, as the name of healthcare clothing has already priced much of the bad news around inflation, according to Raymond James. Analyst Rick B. Patel began monitoring Figs with a strong buy rating and said on Wednesday that the company is better positioned to outperform in the second half. … Read more

Buy the Warner Bros. Discovery dip as shares can nearly double from here, Benchmark says

Shares in Warner Bros. Discovery can almost double from here, as the best media company finds its way in the second half of the year, according to Benchmark. Analyst Matthew Harrigan began monitoring Warner Bros. Discovery with a buy rating, and said in a statement on Wednesday that the company is “imminent positioned” to overcome … Read more

Bath and Body Works can more than double after falling 60%, Piper Sandler says

It’s time to buy shares in Bath and Body Works, which is a “defensible growth story” that could more than double from here after its latest stock fall, according to Piper Sandler. Analyst Korinne Wolfmeyer began monitoring Bath and Body Works with an overweight rating, and said in a Thursday notice that the stock looks … Read more

Nio can rebound in the second half on a strong product pipeline, Morgan Stanley says

Investors should buy shares in Nio, which may recover in the second half of the year due to a strong product pipeline, according to Morgan Stanley. Analyst Tim Hsiao called the electric carmaker a tactical idea that will “rise in absolute numbers” over the next 15 days after the latest correction in China’s automotive sector, … Read more

Here are Wednesday’s biggest analyst calls: Tesla, Goldman Sachs, Penn, Amazon, McDonald’s & more

Here’s Wednesday’s biggest conversation on Wall Street: Barclays initiates Penn when overweight Barclays started several casino and gaming companies and said they are attractively valued. “We are positive about diversified land-based gaming (CZR, PENN, BYD) and selected companies over housing and leisure, based on demand exposure and / or valuation.” Read more about this conversation … Read more

Bank of America upgrades Goldman Sachs, says it will thrive in the coming economic storm

Investors who want to protect themselves against an economic downturn should put their money in Goldman Sachs, Bank of America said on Wednesday. Analyst Ebrahim Poonawala upgraded the bank stock to buy from neutral. In a note entitled “Buy protection against the coming storm”, he said that the bank will thrive in an economic downturn. … Read more

Buy Penn National Gaming as it benefits from pent-up demand for experiences, Barclays says

Penn National Gaming will benefit from a pent-up demand for experiences even when consumption declines, says Barclays. “We see PENN as a well-functioning, diversified US regional casino company, with a digital sports and gaming business that is closer to profitability than any of the other major operators, and a robust omni-channel strategy that should eventually … Read more

Atlantic Equities says buy McDonald’s, a ‘defensive value play’ as consumer spending slows

Now it’s time to buy McDonald’s, a defensive name for lowering consumer spending, according to Atlantic Equities. Analyst Edward Lewis upgraded the fast-food giant to overweight, and said in a statement to customers on Wednesday that the company is “more than just a defensive value game” and a leader in the global fast-food restaurant area. … Read more