Analysts downgrade stocks like Roku and Johnson & Johnson as busiest week for earnings continues

Morgan Stanley said in its upgrade of the lab company that it sees more upside in the stock due to the coronavirus.positioned to meaningfully benefit as market shifts to phase II of COVID-19 testing. While shares have outperformed since earnings, we see more room for upside. Our updated 2021 estimates are 12% above consensus. Raising price target to $139 and rating to OW.

"UBS said in its downgrade of the stock that it sees a more balanced risk/reward.has outperformed the SPX by 17% YTD and now largely discounts a scenario where 2021 and beyond returns to a normalized pre-COVID environment. We see risks to this view, particularly within the Medical Device and Pharma segments. Our new Revenue and EBIT estimates for 2021 and 2022 are 11% and 10% below our prior estimates and are now 2%+ below consensus.

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Analysts downgrade several stocks, including Amazon and Caterpillar, as Wall Street's dismal earnings season continuesNew for subscribers: Analysts downgrade several stocks, including Amazon and Caterpillar, as Wall Street's dismal earnings season continues Check out CNBCPro for a free trial. Pro How can Amazon be downgraded when their business is booming right now? Pro mr_jettlife Pro But we have the Fed. Nothing else matters
Källa: CNBC - 🏆 12. / 72 Läs mer »