Here are the biggest calls on Wall Street on Thursday
MKM said the business messaging service's value proposition was "compelling" in its initiation.has evolved into a central repository of information around key corporate workflows such as sales, customer service, hiring and recruiting, accounting and expense management, employee benefits and payroll, and many other functions core to any organization.
"Importantly, we believe the current equity market volatility and fears of a potential recession will have an outsized negative impact on 's highly discretionary customer base relative to the more 'needs' based entry-level buyer. For the TOL story to work, we believe the CA narrative must inflect. "Baird said Wyndham's valuation was "attractive" in its initiation note.Wyndham's
asset-light, high cash-flow-generating business model, which we view favorably in today's slower-growth and low interest rate environment. The pullback in the stock price provides an attractive entry point for longer-term-focused investors; we believe sentiment and valuation, which are being negatively impacted by weaker-than-expected performance within CorePoint's portfolio, will rebound over time. "will continue to prove that it is a winner in the retail landscape.
"As painful as it is to upgrade a stock after such a move, we want to catch the next 20%, which we believe will be achieved as the company continues to prove to the market that it is a winner in this retail landscape. TGT is demonstrating their investments are paying off as comps have been strong, including positive store traffic ."
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