Here are the biggest calls on Wall Street on Friday.
RBC raised its price target on Apple to $330 from $295.BMO downgraded Bank of America to market perform from outperform.Wedbush upgraded Wingstop to outperform from neutral.Here are the biggest calls on Wall Street on Friday:Bank of America raised its price target on the company and pointed to ongoing strength in revenue growth.including continued double digit y/y App store revenue growth, and positive revenue trends suggested by inputs to our proprietary Apple indicator.
"We raise our near-term estimates, as our social media webscraping analysis, through RBC Elements, indicates higher customer interest and satisfaction with the current-year iPhone lineup, as well as sustained and increasing interest in Wearables . In addition, we believe better customer reception and our outlook for the FY21 lineup warrant a higher multiple, and we raise our price target accordingly.
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