AMD got a big downgrade from Bank of America, while Mizuho grows concerned over Coinbase's future.
Here are Wednesday's biggest calls on Wall Street: Canaccord downgrades Thomson Reuters to hold from buy Canaccord said it's waiting for a better entry point for the media and financial data company. "TRI now trades at a forward PE of 32.8x vs 23.7x for peers. While aggressive shareholder returns policies and strong execution operationally have driven up the price, we believe much of the good news is already priced in. We therefore prefer to wait for more compelling entry points.
" "We are upgrading CCOI to Buy from Underperform as we believe 1) new FCF generation from the Sprint Wireline acquisition, 2) related EBITDA accretion, and 3) new sales growth vectors are collectively, newly, under-represented in the stock." Bernstein upgrades Marriott to outperform from market perform Bernstein said the hotel giant has the "highest quality" earnings stream.
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