Morgan Stanley downgrades Splunk, says near-term issues overshadow strong growth

Near-term headwinds will keep an anchor on Splunk’s share price even as its revenue growth suggests the software company deserves a higher valuation, according to Morgan Stanley. Analyst Keith Weiss downgraded the stock to equal weight from overweight on Tuesday, saying that Splunk faced several issues including competition and struggles to add large new customers… Continue reading Morgan Stanley downgrades Splunk, says near-term issues overshadow strong growth

Morgan Stanley names its ‘high conviction’ global stocks ahead of earnings

Morgan Stanley is very positive on a number of global stocks that are set to report earnings in the coming weeks. A dozen analysts from the Wall Street bank named their “high conviction” European stocks in a note published Monday. “The positive skew across the research floor is close to an all-time high,” it stated.… Continue reading Morgan Stanley names its ‘high conviction’ global stocks ahead of earnings

Morgan Stanley is set to report first-quarter earnings – here’s what the Street expects

Morgan Stanley is set to report first-quarter earnings before the opening bell on Friday. Here’s what Wall Street expects: Earnings: $1.70 a share, 68% higher than a year earlier, according to Refinitiv Revenue: $14.1 billion, 49% higher than a year earlier Wealth management: $5.97 billion, according to FactSet Trading: Equities $2.71 billion, Fixed Income $2.11… Continue reading Morgan Stanley is set to report first-quarter earnings – here’s what the Street expects

Here are Tuesday’s biggest analyst calls of the day: Starbucks, GameStop, Peloton, Amazon & more

Morgan Stanley lowered its price target on Apple to $156 from $164.Goldman Sachs downgraded Chevron to neutral from buy.Credit Suisse initiated Peloton as overweight.RBC initiated Chesapeake Energy as outperform.Atlantic Equities upgraded Snap to overweight from neutral.Credit Suisse named Blackrock a top pick.Evercore ISI named Facebook, Amazon and Uber top picks.Bank of America reiterated its buy… Continue reading Here are Tuesday’s biggest analyst calls of the day: Starbucks, GameStop, Peloton, Amazon & more

Morgan Stanley names its ‘high conviction’ Europe stocks set to surprise this earnings season

LONDON — Morgan Stanley has named the stocks that its analysts predict will be the best performers — and under-performers — ahead of their earnings reports. The research analysts said they expect fourth-quarter earnings to be moderate relative to the rebound seen in the third quarter of 2020, given lockdown restrictions seen throughout Europe in… Continue reading Morgan Stanley names its ‘high conviction’ Europe stocks set to surprise this earnings season