Monday's top stocks on Wall Street from analysts
What specific factors led Truist to upgrade Krispy Kreme from hold to buy?
Truist upgraded Krispy Kreme from hold to buy for several reasons. Firstly, they believe that the company should be one of the few packaged goods companies that will post meaningful volume growth in 2023. Secondly, Truist highlighted the brand's refreshed strategy and expansion opportunities, positioning the company well over the coming years. Lastly, the analysts at Truist think that the potential of the recently announced partnership with McDonald's is undervalued by investors, and this partnership will accelerate revenue growth of the legacy business in the next few quarters.
How does New Street view Microsoft's positioning for future growth?
New Street views Microsoft as well positioned for future growth, considering it a set of high-quality franchises that are expected to profitably grow in the low teens for years to come. This optimistic outlook stems from Microsoft's strategic investments and its ability to integrate advanced AI technology into its existing products and offerings, making them more compelling and increasing switching costs for users. Additionally, Microsoft's robust suite of AI services and tools, along with its strong financial position, further strengthens its competitive edge in the AI race, making it a formidable force in the industry.
What reasons did Morgan Stanley give for resuming Broadcom with an overweight rating?
Morgan Stanley resumed coverage of Broadcom with an overweight rating, citing several factors that make the company compelling relative to others in the "AI winners" camp. These factors include growth in AI, potential upside synergies from VMW, and recovery in core enterprise semis. The price target was set at $1,658.