Here are the biggest calls on Wall Street on Thursday
BMO said semiconductor stocks do not do well in a decelerating gross margin environment.
"Following last night's earnings we reiterate our Overweight rating, raise our price target, and add TWNK to the Analyst Focus List as a growth strategy pick. We upgraded the TWNK shares to Overweight last December on the thesis that the Cloverhill facility would pivot from a headwind to a tailwind and the losses at Walmart would abate or reverse.
"While our proprietary Big Data model shows strength in SSS, merchandise margins are showing an uptick in promotions – likely driving above-plan SSS.
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