Goldman Sachs downgraded Morgan Stanley to neutral from buy. Meanwhile, Jefferies upgraded Williams-Sonoma to buy from hold. Check out the latest calls and chatter below. All times ET. 6:12 a.m.: Bank of America downgrades Novartis Bank of America is moving to the sidelines on Novartis as less catalysts for growth are apparent going forward.
The analyst also pointed to a potential tailwind from a housing market recovery in 2025. "These 'gems' in WSM's portfolio are showing outsized growth irrespective of subdued housing turnover, and we're optimistic on their medium-term trajectory," Matuszewski said. He added that about 75% of homeowners have a mortgage rate of less than 5%, "so we don't anticipate a sharp turnover uptick, but remember, buyers of new construction spend ~5.
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