Analysts upgraded a slew of stocks in Friday's calls of the day as investors hope for signs of a market turnaround

  • 📰 CNBC
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 72%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

New for subscribers: Analysts upgraded a slew of stocks in Friday's calls of the day as investors hope for signs of a market turnaround Check out CNBCPro and get your first 30 days free.

for their worst week since 2008, but Wall Street analysts are still finding plenty of buying opportunities for clients. Analysts upgraded a slew of stocks on Friday including Uber, Nike, Oracle and more.Wells Fargo upgraded Uber to 'overweight' from 'equal weight'"With prices down 45% since Feb 6th we think UBER shares are attractively priced, warranting an upgrade to Overweight from Equal Weight.

"However, in our view everything that screens so "wrong" with this stock in a bull market or economic expansion flips around if we apply the different lens that is required for the different type of environment we might be entering into. Key Considerations: 1) The current valuation of ~10x CY21 Earnings has fallen toward the very low end of the usual range of 9-19x.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines