Analyst call of the day for CNBCPro subscribers: Bank of America reiterates Alphabet as buy and said it continues to pull the right “cost levers in a tough environment.” Subscribe to see the analyst calls of the day curated by CNBC Pro.
Here are Tuesday's biggest calls on Wall Street: Barclays reiterates Apple as equal weight Barclays said it sees a miss when the Apple reports earnings Thursday. "What started out as production-driven cuts have moved to demand weakness across product categories. We are also concerned by decelerating Services growth. At a 20% premium to the S & P 500, we see the stock as fairly valued at best.
" Bank of America upgrades FleetCor to buy from neutral Bank of America said in its upgrade of the fuel card payment company that FleetCor is addressing challenges "head on." "We upgrade FleetCor to Buy and increase our PO to $240 based on a 14x PE multiple to our 2023 EPS estimate." BTIG upgrades New Fortress Energy to buy from neutral BTIG said it sees trends improving for the clean energy company.
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