Evercore ISI upgraded Zillow. JPMorgan sees big gains for Disney.
Here are Monday's biggest calls on Wall Street: Bank of America reiterates Meta as buy Bank of America said the "year of efficiency" for Meta is just starting. "We see Meta as a more defensive stock in the sector this year with potential for cost rationalization to provide more downside support to EPS in a recession scenario than industry peers." Evercore ISI upgrades Zillow to outperform from in line Evercore said it likes the company's business model.
"Recent lackluster sell-through data out of China also confirms our cautious bias in the near term." Bank of America upgrades Ralph Lauren to buy from neutral Bank of America said shares of Ralph Lauren should outperform in this environment. "We are upgrading Ralph Lauren to Buy to reflect our confidence in strong revenue trends continuing given the brand's global diversification and management's ability to pull cost levers in this choppy environment.
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