(This is CNBC Pro's live coverage of Tuesday analyst calls and Wall Street chatter. Please refresh every 20-30 minutes to view the latest posts.) Two stocks that have underperformed are among the favorites for analysts who see opportunity ahead in the companies.
A Wolfe Research analyst raised his view on troubled bank stock Wells Fargo, reasoning that regulatory and interest rate risks both are priced into the stock. Elsewhere, Bernstein slashed its price target on health insurer Humana but upgraded the stock based on its outlook. Check out the latest calls and chatter below.
All times ET. 6:49 a.m.
: Oppenheimer downgrades Microsoft on slow near-term growth expectations Oppenheimer has cut Microsoft to perform from outperform, saying Wall Street's consensus revenue and earnings estimates are too high for the hyperscale tech name. "Open AI losses are the primary concern and could be in the [$2 billion to $3 billion] range in FY25, which we were not previously modeling. As per our recent AI report, enterprises have been slow to adopt AI and associated revenues will likely disappoint," analyst Timothy Horan said in a note.
"Because MSFT are investing in once-in-a-generation technology, we don't believe expanding margins will be a short-term priority," he added. MSFT YTD line Microsoft year to date Microsoft's capital expenditures and depreciation expenses are rapidly rising due to investments in graphics processing units and datacenter capacity, Horan continued, adding that mos.
