Here are Thursday's biggest calls on Wall Street: Canaccord initiates Stride as overweight Canaccord initiated coverage of the education tech company and said it's well positioned in the adoption of online learnings. "We are initiating coverage of LRN with a BUY rating and $94 price target, based on ~8x forward adj. EBITDA and supported by DCF valuation.
" JPMorgan downgrades Bumble to neutral from overweight JPMorgan said it's "not an easy fix" for the dating app company following earnings on Wednesday. " BMBL reported mixed 2Q results and significantly lowered its 2024 outlook. Barclays initiates Constellation Energy as buy Barclays said the energy company is well positioned.
"We initiate coverage of CEG with an Overweight rating and $211 PT. CEG operates the largest carbon-free generation fleet in the U.S.
through its nuclear, natural gas, and renewable asset portfolio." Bank of America reiterates Ralph Lauren as buy Bank of America is pounding the table for shares of Ralph Lauren following earnings on Wednesday. "We reiterate our Buy on RL; despite a choppy macro backdrop, 1Q results reaffirmed our view that the brand remains healthy and margin execution remains intact.
" Barclays reiterates Disney as overweight The firm said it's standing by the entertainment giant following earnings on Wednesday. " Disney's acknowledged theme park challenges but given underlying drivers of weakness, visibility remains limited; However other segments should increasingly become significant .