Financial Digest

Wednesday's analyst calls: Street reacts to Oracle AI announcements, Goldman downgrades shoe stock

  • 📰 CNBC
  • ⏱ Reading Time:
  • 22 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 29%
  • Publisher: 72%

Investment Strategy News

Stock Markets,Birkenstock Holding PLC,Oracle Corp

A software giant and a shoe stock were among the stocks being talked about on Wall Street.

Analysts reacted to Oracle's latest quarterly figures as well as some announcements made around artificial intelligence. Meanwhile, Goldman Sachs downgraded Birkenstock to neutral. Check out the latest calls and chatter below. All times ET. 5:44 a.m.: Wells Fargo gives Skechers 'the respect it deserves' with overweight initiation Wells Fargo began coverage on Skechers , saying the footwear maker has earned admiration.

mountain BIRK year to date "We like the investment thesis at Birkenstock, supported by share gains in a highly fragmented market, new product launches with additional production facilities to ease supply constraints, positive price mix and best in class levels of operating profitability," the analyst wrote. "However, since listing in October 2023 the shares have outperformed the broader luxury peer group by c.

 

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 FİNANCE

Finance Finance Latest News, Finance Finance Headlines

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

Wednesday's analyst calls: Goldman says e-commerce stock will rally 30%, food giant gets upgradedAn e-commerce name and a well-known food stock were among the biggest stocks talked about by analysts on Wednesday.
Source: CNBC - 🏆 12. / 72 Read more »