Monday's top analyst calls: JPMorgan names Carvana a top pick, AMD gets a downgrade

JPMorgan named Carvana a top pick, calling for major gains ahead. Morgan Stanley meanwhile, lowered its rating on Advanced Micro Devices to equal weight. Check out the latest calls and chatter below. All times ET. 5:49 a.m.: JPMorgan names Carvana a top pick Used car retailers could see a tough year ahead amid consumer spending declines, choppy supply and below-average industry volumes, according to JPMorgan. Carvana could buck those trends, however, the firm said.

mountain CVNA year to date "We believe CVNA's recent de-coupling from industry trends on unit growth, coupled with strong execution on margins, makes them best positioned in this backdrop to drive relative upward revisions," Gupta said in a Monday note, adding that the company has shown "superior execution" compared to its peers in the sourcing and recognition of broader and cheaper mix of vehicles, which has allowed for strong conversion and low overall inventory levels.

Source: News Formal (newsformal.com)

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