Analyst calls: All the market-moving chatter from Wall Street on Monday morning

📆 06/11/2023 12:51 م
📰 CNBC

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The new kicked off with a downgrade to the world's largest lithium producer and an upgrade to one of the best-known car brands in the world.

UBS lowered its rating on Albemarle to neutral from buy, slashing its price target by more than 40%. The bank cited uncertainty around the company heading into the new year. Meanwhile, Barclays raised Ferrari to overweight from equal weight following a strong third-quarter report. Check out the latest calls and chatter below. 5:37 a.m.

mountain RACE year to date Cosman called the company's third-quarter earnings report last week "very strong," though he noted full-year guidance was left "undemanding" despite being raised. He added that commentary around pricing, mix, the personalization business and order book pffered positive signals for performance between 2024 and 2026. Ultimately, he said investors should "take the plunge" and buy the stock off earnings.

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