Analyst upgrades Haemonetics to Buy, believes company can reach high-20% operating margin goal by FY26 through product mix analysis. Price target set at $112.
Morgan Stanley upgrades CIEN to Overweight, raises price target to $55. Analyst expects growth potential in 2025 as inventory levels normalize and cloud demand outperforms.
DA Davidson analyst Gil Luria upgraded Apple from Neutral to Buy and raised the price target from $200 to $230 on Tuesday. The analyst believes the AI-related announcements out of WWDC on Monday will drive an iPhone upgrade cycle.
Bank of America analyst Christopher Nardone has upgraded Skechers USA to Buy, raising the price target from $71 to $87. Nardone cites an improving wholesale environment, solid footwear trends, and conservative 2H sales guidance.
Stifel analyst upgrades Sunoco LP to Buy and maintains price target of $62.00. Believes upcoming guidance could boost unit price, estimates EBITDA of $1.48B in FY24 and $1.79B in FY25.