Walmart (WMT)

• Analyst: TD Cowen
• Rating: Buy
• Target Price: $75 » $85 USD
• Date: September 5, 2024

TD Cowen has reiterated its Buy rating for Walmart, and raising its target price to $85 USD from $75 USD. This recommendation reflects a positive outlook for the retail giant, suggesting that investors can expect the stock to outperform the market. Walmart’s robust business model, extensive global footprint, and resilient financial performance continue to make it a strong investment choice according to TD Cowen.

Tesla (TSLA)

• Analyst: Morgan Stanley & Co.
• Rating: Overweight
• Target Price: $310 USD (unchanged)
• Date: September 5, 2024

Morgan Stanley & Co. has maintained its Overweight rating on Tesla, with a target price of $310 USD. This reaffirmation underscores confidence in Tesla’s continued market dominance and growth potential. Despite market fluctuations, Morgan Stanley’s consistent target price indicates a stable and optimistic view on Tesla’s long-term performance and its innovative edge in the electric vehicle sector.

Spotify (SPOT)

• Analyst: Cantor Fitzgerald & Co.
• Rating: Neutral
• Target Price: Initiated $340 USD
• Date: September 5, 2024

Cantor Fitzgerald & Co. has initiated coverage of Spotify with a Neutral rating and a target price of $340 USD. This cautious stance reflects a balanced view on the company’s market position. While Spotify’s growth in the streaming industry remains notable, Cantor Fitzgerald’s Neutral rating suggests that investors should be mindful of potential market volatility and competitive pressures impacting the stock.

Airbnb (ABNB)

• Analyst: Cantor Fitzgerald & Co.
• Rating: Underweight
• Target Price: Initiates $94 USD
• Date: September 5, 2024

Cantor Fitzgerald & Co. has also initiated coverage of Airbnb with an Underweight rating and a target price of $94 USD. This conservative outlook highlights concerns about the company’s ability to sustain its market position amid competitive pressures and economic uncertainties. The lower target price suggests that Cantor Fitzgerald anticipates potential challenges for Airbnb in the near term.

BCE Inc. (BCE)

• Analyst: BMO Capital Markets
• Rating: Target Up
• Target Price: $47 » $48 CAD
• Date: September 5, 2024

BMO Capital Markets has increased its target price for BCE Inc. to CAD $48, from $75 CAD  reflecting a positive adjustment in their outlook. This revision indicates improved confidence in BCE’s performance, driven by strong fundamentals and favorable market conditions. The increased target price suggests a more optimistic view of BCE’s growth potential and financial stability.

Baidu (BIDU)

• Analyst: Susquehanna International Group
• Rating: Positive
• Target Price: $135 75 » $105 USD
• Date: September 5, 2024

Susquehanna International Group has lowered its target price for Baidu from $35 USD to $105 USD, but maintains a Positive rating. This adjustment reflects a revised outlook amid evolving market conditions and company performance metrics. Despite the reduced target price, the Positive rating suggests that Susquehanna still sees potential in Baidu’s long-term growth prospects.