Analyst call of the day for CNBCPro subscribers: Bank of America reiterates Disney as buy and said the return of Bob Iger has been a boost to investor sentiment. Subscribe to see the analyst calls of the day curated by CNBC Pro.
Here are Thursday's biggest calls on Wall Street: Bank of America downgrades Charles Schwab to underperform from buy Bank of America said in its double downgrade of Schwab that the Federal Reserve will stop hiking this summer, "removing a powerful near-term profit driver." "This change is driven by our view that client cash sorting will continue at an elevated pace in 1H23 ." Read more about this call here.
" Oppenheimer initiates Toll Brothers as outperform Oppenheimer said Toll has a compelling valuation. "We see less downside risk to gross margin than with other builders given its to-be-built business model and backlog." Oppenheimer initiates PulteGroup as outperform Oppenheimer said the homebuilder has one of the best balance sheets in the sector.
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