Keybanc Capital Markets analyst Brandon Nispel downgraded Verizon Communications (VZ) stock from Overweight to Sector Weight, citing concerns about limited EBITDA growth potential and the company’s acquisition of Frontier Communications. Nispel expects a decline in free cash flow and higher costs for growth, leading to a reduced outlook for the stock.
KeyBanc analyst Brandon Nispel reports mixed results for iPhone 16 sales, with initial demand showing some strength but overall sales slightly below expectations. While the Pro and Max models are performing well, base models are lagging. The analyst’s analysis also includes insights into the impact on Apple’s supply chain partners.
DoorDash stock is climbing on Wednesday, fueled by an upgrade from KeyBanc and a favorable court decision that struck down a New York City law requiring food delivery companies to share customer data with restaurants.
Artificial intelligence (AI) stocks, including Nvidia (NVDA), have experienced a bullish year despite recent setbacks. Keybanc maintains its “overweight” rating on NVDA, highlighting its potential to capitalize on the surge in AI adoption. Other analyst firms have also expressed optimism about the chipmaker’s prospects.
