Analyst call of the day for CNBCPro subscribers: JPMorgan names Amazon a top idea heading into 2023. Subscribe to see the analyst calls of the day curated by CNBC Pro.
Here are Monday's biggest calls on Wall Street: JPMorgan reiterates Apple as overweight JPMorgan said its survey checks show Apple's iPhone Pro lead times are moderating. "In Week 12 of our Apple Product Availability Tracker, there appear to be further encouraging trends in relation to supply improvement, with lead times for iPhone Pro models moderating in most regions outside of China.
" Barclays downgrades Tyson Foods and Beyond Meat to underweight from equal weight Barclays downgraded Tyson and Beyond Meat , noting that feed costs and inflation are having major effects on the industry. "In summary, among our covered companies in 3CQ22, there was a common thread echoed by management during the results calls for each major protein category. Two factors affecting beef currently are feed costs and inflation.
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