Results for: Overweight Rating

Stephens & Co. analyst Jim Salera has initiated coverage on First Watch Restaurant Group (FWRG) with an Overweight rating and a $20 price target. Salera highlights the company’s strong position in the daytime dining market with its focus on fresh ingredients and chef-driven menu. He forecasts robust revenue growth fueled by unit expansion and positive same-store sales performance. While a challenging macro environment could pose near-term risks, Salera expects First Watch to maintain its growth trajectory.

Morgan Stanley analyst Brian Nowak maintains an Overweight rating on Amazon.com Inc (AMZN) with a $210 price target, citing Amazon’s strong growth prospects and potential for capital returns. Nowak acknowledges near-term profit challenges but sees them as temporary and not structural. He expects Amazon’s focus on efficiency and Project Kuiper to drive upside in fiscal 2025.

Morgan Stanley has resumed coverage of Harley-Davidson with an ‘Overweight’ rating, highlighting the iconic brand’s market leadership, loyal customer base, and recent turnaround efforts under new leadership. Analyst Megan Alexander noted positive momentum in the company’s restructuring and product innovation, expressing confidence in Harley-Davidson’s refocused strategy and strong capital allocation discipline. Despite anticipated headwinds in 2024, the analysts believe the company can return to growth in 2025 and view the current valuation as attractive. Morgan Stanley assigned a price target of $50.00 to Harley-Davidson, whose shares rose modestly in premarket trading.

Western Alliance Bancorp (WAL) has impressed investors with a 3% stock surge following its earnings report on April 18th. The bank exceeded expectations with a 3.61% surprise on EPS and a 4.56% surprise on revenue. JPMorgan analyst Steven Alexopoulos maintains an Overweight rating on the stock, citing the company’s strong growth potential and attractive valuation. Alexopoulos believes that Western Alliance is well-positioned for continued success in 2024 and 2025.