Analyst call of the day for CNBCPro subscribers: Bernstein reiterates Chipotle as outperform. Subscribe to see the analyst calls of the day curated by CNBC Pro.
Here are Monday's biggest calls on Wall Street: Bank of America upgrades Ally to neutral from underperform Bank of America said in its upgrade of the auto loans company that it sees signs of upside potential. "We upgrade ALLY to Neutral and raise our PO to $28 from $24, implying ~8% upside potential." Truist downgrades Regions Financial to hold from buy Truist said in its downgrade of the regional bank that it has "fewer levers to lower expenses.
and RUN. should see record high margins, the benefit of strong demand in CA and market share gains." Wolfe downgrades C3.ai to underperform from peer perform Wolfe said in its downgrade of the software company that it sees too many negative catalysts. "We see significant risks to FY24 revenue growth and believe consensus estimates for revenue growth are ~10% too high. We see AI's F4Q23 earnings as a potential near-term negative catalyst." Read more about this call here.
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Rally calls for Azerbaijan to end blockade as Armenians plan major rally on MondayA rally seeking an immediate end to Azerbaijan's blockade of the Lachin Corridor was held on Sunday evening outside the Azerbaijan Consulate in Brentwood.
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Resurfacing project on Alabama Highway 51 in Barbour County begins MondayAccording to ALDOT, The project will consist of resurfacing and a new traffic stripe on Alabama Highway 51
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Berlin airport cancels all departures on Monday due to strikeGermany's Verdi union called for a one-day strike of air security staff at Berlin airport on Monday as part of an ongoing wage dispute, prompting the airport to cancel all passenger departures that day.
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Danny Masterson's rape retrial: Opening statements set to begin MondayFive months after a deadlocked jury led to a mistrial for actor Danny Masterson, the former star of 'That '70s Show' is about to be retried in an L.A. court. Masterson is accused of raping three women between 2001 and 2003.
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