Wednesday's analyst calls: Amazon draws praise, 3M finds some support, Starbucks cut

  • 📰 CNBC
  • ⏱ Reading Time:
  • 24 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 30%
  • Publisher: 72%

Investment Strategy News

Stock Markets,3M Co,Amazon.Com Inc

This is CNBC Pro's live coverage of Wednesday's analyst calls and Wall Street chatter.

Wednesday's big market calls saw analysts give mostly rave reviews to Amazon's earnings beat the day before, with most citing cost-cutting measures and the firm's utilization of artificial intelligence. Elsewhere, JPMorgan issued a contrarian call on battered 3M shares, saying the industrial products maker offers good value after shares fell sharply this year while the company beat on earnings.

"Underlying fundamentals are showing modest improvement and EPS growth is turning, with exposure to bottoming electronics markets," the analyst wrote. "We also think 3M offers a degree of cheap defense in a potentially more choppy tape, while an increase in rates actually benefits the calculation in discounting the liability burden here, with a balance sheet that is stronger than we think most appreciate given the Solventum dividend and stake.

Stock Markets 3M Co Amazon.Com Inc Starbucks Corp Business News

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Ways You Might Be Annoying Your Barista Without RealizingIf you're not at Starbucks, maybe don't order a Starbucks drink.
Source: BuzzFeed - 🏆 730. / 51 Read more »

First Alert Weather Day declared for Wednesday and Wednesday nightVery heavy rain, strong to severe storms and gusty winds are expected to impact the area.
Source: wsfa12news - 🏆 338. / 59 Read more »

Here are Wednesday's biggest analyst calls: Tesla, Amazon, Airbnb, Domino's, Walmart, Disney & moreHere are Wednesday's biggest calls on Wall Street.
Source: CNBC - 🏆 12. / 72 Read more »

Here are Wednesday's biggest analyst calls: Nvidia, Broadcom, Apple, Tesla, Netflix, Amazon, Microsoft & moreHere are Wednesday's biggest calls on Wall Street.
Source: CNBC - 🏆 12. / 72 Read more »

Here are Wednesday's biggest analyst calls: Nvidia, Tesla, Exxon, Coinbase, Cava, Alphabet, Amazon, Block & moreHere are Wednesday's biggest calls on Wall Street.
Source: CNBC - 🏆 12. / 72 Read more »

Here are Wednesday's biggest analyst calls: Tesla, Amazon, Alphabet, Meta, UPS, Tyson, Disney, SoFi & moreHere are the biggest calls on Wall Street on Wednesday.
Source: CNBC - 🏆 12. / 72 Read more »