(This is CNBC Pro's live coverage of Thursday's analyst calls and Wall Street chatter. Please refresh every 20-30 minutes to view the latest posts.) Two tech names were top of minds for analysts on Thursday.
Baird raised its price target on Apple by $40 to $240. BMO also increased its price target on Amazon to $230, implying upside of 27%. Check out the latest calls and chatter below.
All times ET. 5:51 a.m.
: Stifel downgrades Lamb Weston following weak earnings report Stifel moved to the sidelines on Lamb Weston after a disappointing earnings report prompted the frozen potato supplier's worst day in its history. Analyst Matthew Smith downgraded the stock to hold from buy and slashed $55 off his price target, bringing it to $60. With that, Smith sees another 2.
5% in downside from Wednesday's close. Lamb Weston plummeted more than 28% in Wednesday's session, marking its biggest daily loss going back to when it went public in late 2016. That comes after the company missed expectations of analysts polled by FactSet on both lines for the fiscal fourth quarter and issued weak guidance for full-year earnings per share and adjusted EBITDA.
"We foresee limited downside from these levels and recommend investors hold their positions in Lamb Weston," Smith told clients in a Wednesday note, citing the impact of that day's decline on the stock. Smith pointed to the weaker outlook for the 2025 fiscal year and multiple compression as reasons for Wednesday's sell-off. He called this "appropr.