Here are Friday's biggest calls on Wall Street.
Here are Friday's biggest calls on Wall Street: TD Cowen reiterates Amazon as outperform TD said it sees the e-commerce giant's earnings report to be "above consensus" when it reports its quarterly results later this month. "We like AMZN shares into 3Q earnings as we are 0.8% above consensus revenue with growth driven by 3P sales, advertising and AWS growth." HSBC initiates American Express as buy HSBC said it sees healthy earnings growth for American Express .
com to equal weight from overweight Morgan Stanley said in its downgrade of the stock that it sees a slowing recovery. "We have low conviction in a strong recovery in growth in 2024 and onward: This reflects our forecast for JD's 4Q23 revenue growth to be similar to that of 3Q23, even though the base is both lower and cleaner." Read more about this call here .
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