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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’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
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
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
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
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’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
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
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
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