Here are Thursday's biggest calls on Wall Street.
Here are Thursday's biggest calls on Wall Street: Barclays initiates Jabil and Flex as overweight Barclays initiated several technology manufacturers Thursday and said it sees margin expansion. "We initiate on JBL and FLEX with OW ratings and $134 and $35 PTs, respectively. Both companies should benefit from secular tailwinds from EV, healthcare, renewables and cloud growth, while consumer end markets have bottomed, in our view.
initiates Goldman Sachs and Morgan Stanley as buy initiated several banks and said it sees "high-single-digit to low double- digit revenue growth in 2024." " Goldman Sachs and Morgan Stanley appear best positioned to benefit from a recovery in investment banking activity from decade-long lows, and should post high-single-digit to low double- digit revenue growth in 2024 and outsized earnings per share growth in both 2024 and 2025." Read more about this call here.
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