Here are Thursday's biggest calls on Wall Street.
Here are Thursday's biggest calls on Wall Street: Morgan Stanley reiterates Amazon as a top pick Morgan Stanley said shipping and fulfillment remain "key profit drivers" heading into the e-commerce giant's earnings next week. "While we don't expect a ~$7bn 4Q EBIT guide our analysis of AMZN's fulfillment and shipping cost/unit growth in 2Q vs long-term averages highlights the key profit driver.
Morgan Stanly downgrades Ally Financial to equal weight from overweight Morgan Stanley said in its downgrade of the financial services company that visibility is "fogging up" for shares of Ally. "Stepping to the sidelines as we cut forward EPS estimates by 32%. While this lower EPS looks priced in, catalysts for a rerating are several quarters out in the base case and further out in the bear.
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