Here are the biggest calls on Wall Street on Tuesday
Atlantic Equities downgrade the stock mainly on valuation after"Although peak NIM concerns resurfaced during the US banks' Q1 reporting season, the over-riding message was positive with credit remaining benign, costs well controlled and core loan growth steady. Trading revenues were also better than feared and management provided positive commentary around the near-term outlook.
"With the Investor Day behind us , investors wonder if there are any remaining catalysts for the shares. We see two: 1) We expectto acquire the 33% of Hulu currently held by Comcast and 2) The two Star Wars parks open up in 2019: Disneyland opens in May and Disney World opens in August. Recall, Disney benefitted from a multi-year lift in attendance when Cars Land opened at Disneyland in 2012. "has several "compelling" top-line growth and profit margin expansion drivers.
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