Breaking News

5 big analyst picks: Meta nabs another upgrade | Pro Recap

Davit KirakosyanStock Markets

Published Mar 23, 2023 21:00

Saved. See Saved Items.

This article has already been saved in your Saved Items

5 big analyst picks: Meta nabs another upgrade | Pro Recap

PHM

-0.91%

Add to/Remove from a Portfolio

+0.80%

Add to/Remove from a Portfolio

REG

+0.88%

Add to/Remove from a Portfolio

Meta earns one more upgrade this week

KeyBanc upgraded Meta Platforms (NASDAQ:META) to Overweight from Sector Weight with a price target of $240.00, noting it now sees the company as a leaner business after the announcement of the second big round of layoffs.

This comes just one and two days after Morgan Stanley and Edward Jones upgraded the stock.

KeyBanc believes the latest cost-cutting measures, which led to an approximately 10% reduction in the company's 2023 operating expense guidance, along with improvements in CPMs due to a combination of product launches, foreign exchange rates, and better spending practices, will result in an operating margin of at least 31% by 2024.

As a result, the firm now projects Meta's EPS for 2023 and 2024 to be $10.57 and $13.39, respectively, which is 6% and 9% higher than the current market consensus.

Never miss another market-moving headline. Start your free 7-day trial of InvestingPro to get news like this in real-time.

PulteGroup upgraded to Outperform

Wolfe Research upgraded PulteGroup (NYSE:PHM) to Outperform from Peer Perform with a price target of $64.

According to the firm, "balance" is the "appropriate word when describing PHM, from its consumer segmentation and Spec/BTO strategy to its steady capital allocation and highly profitable land/operating philosophy, which some investors have historically viewed as 'boring.' However, they "find little boring in this story."

The firm said PulteGroup has the potential to generate more than $2.3 billion in operating cash flow in 2023, despite having a market capitalization of only $12.5B, which equates to a cash flow yield of approximately 19%. This will enable the company to achieve a net cash position of $2 per share by the end of the year after using $750 million for share repurchases.

The firm also added that they expect PulteGroup will "consistently generate GM that is 300-to-400 bps above peer average throughout 2023" while having one of the healthiest balance sheets in the group.

So-Young International upgraded at Citi following a Q4 beat

Citi upgraded So-Young International (NASDAQ:SY) to Buy from Neutral and raised its price target to $3.00 from $0.80 following the company’s reported Q4 results, with both EPS and revenues coming in above expectations, resulting in a 27% stock price jump on Tuesday.

The analysts believe the gradual recovery of platform business driven by stronger demand for light medical aesthetic services and incremental revenue contribution from SY Prime in 2023, should maintain the company’s industry position as a leading vertical player, enable it to regain growth trajectory, and achieve above-sector growth.

2 more upgrades

Argus upgraded Consolidated Edison (NYSE:ED) to Buy from Hold with a price target of $104.00, noting that the company will benefit from higher rates, higher ROE, and tax credits beginning in 2023.

Barclays upgraded Regency Centers Corporation (NASDAQ:REG) to Overweight from Equalweight and raised its price target to $70.00 from $69.00.

Add a Comment

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:

Enrich the conversation
Stay focused and on track. Only post material that’s relevant to the topic being discussed.
Be respectful. Even negative opinions can be framed positively and diplomatically.
Use standard writing style. Include punctuation and upper and lower cases.
NOTE: Spam and/or promotional messages and links within a comment will be removed
Avoid profanity, slander or personal attacks directed at an author or another user.
Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

I have read and understood Investing.com Australia's comment guidelines and agree to the terms described.

I Agree

Write your thoughts here

Are you sure you want to delete this chart?

Delete Cancel

Post

Post also to:

Replace the attached chart with a new chart ?

Replace Cancel

1000

Comment Guidelines

Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.

Please wait a minute before you try to comment again.

Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.

<div id="comment">
				<div class="comment js-comment" data-comment-id="{commentID}" id="comment-{commentID}" data-user-id="">
    <div class="mainComment js-content">
       <div class="commentInnerWrapper">
        <a href="{userLink}" class="js-user-link"><img src="{userImage}" width="33" height="33" alt="{usernameAlt}" class="img" onerror="this.src='https://i-invdn-com.investing.com/defaultUserMaleTmp.png';"></a><div class="commentBody">
                					<span class="commentUsername">
                    	<a href="{userLink}" class="js-user-link js-user-name">{username}</a>
					</span>
                                <span class="js-date" comment-date="{dateFormat}" comment-date-formatted="{dateFormatted}" title="{dateTitle}">Just Now</span>
                <div class="commentDropDown js-commentDropDownWrapper " data-user-id="" data-cid="{commentID}">
	<a href="javascript:void(0);" class="threeDotsIconSmall js-thinDropdownArrow"></a>
	<div class="tooltipPopup commentActionsPop noHeader js-commentDropDownOptions displayNone">
		<div class="addRow js-option share">
			<a href="javascript:void(0);" class="js-commentSharePopup" data-cid="{commentID}" data-curl="{commentLink}"><span class="smallShareIcon middle"></span>Share</a>
		</div>

<div class="js-option addRow follow">
            <div class="js-follow-post-button" data-reg_ep="follow comment">
                <span class="alertfollowIcon middle"></span>Follow this post            </div>
            <div class="js-unfollow-post-button displayNoneImp">
                <span class="alertUnfollowIcon middle"></span>Unfollow this post            </div>
        </div>

<div class="addRow js-option save"  data-reg_ep="save comment">
		<a href="javascript:void(0);" class="js-save-item-btn" data-item-type="comments" data-item-id="{commentID}">
			<i class="saveItemBigIcon middle"></i>
			Save		</a>
	</div>
	<div class="addRow saveItemsConfirmation noHover displayNone js-saveItemResult">
		
<div class="content js-saveItemSuccess displayNone">
	<span class="mediumGreenSuccessIcon"></span><span>Saved. See <a href="/members-admin/saved-items" target="_blank">Saved Items</a>.</span>
	<a href="javascript:void(0);" class="bugCloseIcon js-close"></a>
</div>
<div class="content js-saveItemAlreadySaved saveItemAlreadySaved displayNoneImp">
	<span>This comment has already been saved in your <a href="/members-admin/saved-items" target="_blank">Saved Items</a></span>
	<a href="javascript:void(0);" class="bugCloseIcon js-close"></a>
</div>
	</div>

<div class="addRow shareButtons js-sharePopup displayNone">
			<div class="js-shareComment"><span class="js-shareCommentSpan"></span></div>
		</div>
	</div>
</div>
                 <div class="commentAuthor js-comment-by-author"><span class="commentAuthorIcon"></span>Author's response</div>             </div>
		<div id="commentText-{commentID}" class="js-text-wrapper commentText withImage">
							<div id="commentBigChart{commentID}" class="commentBigChart js-comment-chart" onclick="openViewChartPopup('{commentID}')">
					<img src="https://d70-invdn-com.investing.com/comments_images/{commentImage}" alt="{commentAlt}">
					<i class="newMagnifyChartIcon"></i>
				</div>
						<span class="js-text">{commentContent}</span>
			<div class="clear"></div>
							<div class="commentButtons js-not-master-user">
					<a href="javascript:void(0)" class="reply js-reply-btn" data-real-parent-id="{commentID}" data-to-user-name="{username}" data-to-user-id="">Reply</a>
					<div class="inlineblock likeDislikeBox js-like-dislike-box" data-item-id="{commentID}">
	<input class="js-like-checkbox" type="checkbox" name="option" value="Yes" id="like_{commentID}">
	<label for="like_{commentID}" class="like" title="I agree"></label>
	<span class="numOfLikes js-like-count lighterGrayFont">0</span>
	<input class="js-dislike-checkbox" type="checkbox" name="option" value="No" id="dislike_{commentID}">
	<label for="dislike_{commentID}" class="dislike" title="I disagree"></label>
	<span class="numOfDislikes js-dislike-count lighterGrayFont">0</span>
</div>

<div class="reportComment js-flag float_lang_base_2">
                            <a href="javascript:void(0);" id="commentFlag_{commentID}">
                                <span class="reportCommentIcon middle"></span><span class="inlineblock middle">Report</span>
                            </a>
                        </div>
                    				</div>
					</div>
	   </div>
	</div>
	</div>			</div>
			<div id="reply">
				
    <div class="commentReply js-comment js-comment-reply" data-comment-id="{commentID}" id="comment-{commentID}" data-user-id="">
		<div class="commentInnerWrapper"><a href="{userLink}" class="js-user-link"><img src="{userImage}" width="33" height="33" alt="{usernameAlt}" class="img" onerror="this.src='https://i-invdn-com.investing.com/defaultUserMaleTmp.png';"></a><div class="commentBody js-content">
            				<span class="commentUsername">
					<a href="{userLink}" class="commentUsername js-user-link js-user-name" onMouseOver="">{username}</a>
				</span>
                        <span class="js-date" comment-date="{dateFormat}" comment-date-formatted="{dateFormatted}" title="{dateTitle}">Just Now</span>
			 <div class="commentAuthor js-comment-by-author"><span class="commentAuthorIcon"></span>Author's response</div> 			<div class="commentDropDown js-commentDropDownWrapper " data-user-id="" data-cid="{commentID}">
	<a href="javascript:void(0);" class="threeDotsIconSmall js-thinDropdownArrow"></a>
	<div class="tooltipPopup commentActionsPop noHeader js-commentDropDownOptions displayNone">
		<div class="addRow js-option share">
			<a href="javascript:void(0);" class="js-commentSharePopup" data-cid="{commentID}" data-curl="{commentLink}"><span class="smallShareIcon middle"></span>Share</a>
		</div>

</div>
		<div id="commentText-{commentID}" class="js-text-wrapper commentText withImage">
							<div id="commentBigChart{commentID}" class="replyBigChart displayNone js-comment-chart">
					<img src="https://d70-invdn-com.investing.com/comments_images/{commentImage}" alt="{commentAlt}">
					<i class="newMagnifyChartIcon"></i>
				</div>
				<span id="commentSmallChart{commentID}" class="commentSmallChart pointer js-comment-chart" onclick="openViewChartPopup('{commentID}')">
                    <img src="https://d70-invdn-com.investing.com/comments_images/{commentImageSmall}" width="116" height="52" alt="{commentAlt}">
                    <span class="chartMagnifyOverlay displayNone"></span>
                    <span class="searchGlassIcon chartMagnify displayNone"></span>
                </span>
						<span class="js-text">{commentContent}</span>
			<div class="clear"></div>
							<div class="commentButtons js-not-master-user">
					<a href="javascript:void(0)" class="reply js-reply-btn" data-real-parent-id="{commentID}" data-to-user-name="{username}" data-to-user-id="">Reply</a>
					<div class="inlineblock likeDislikeBox js-like-dislike-box" data-item-id="{commentID}">
	<input class="js-like-checkbox" type="checkbox" name="option" value="Yes" id="like_{commentID}">
	<label for="like_{commentID}" class="like" title="I agree"></label>
	<span class="numOfLikes js-like-count lighterGrayFont">0</span>
	<input class="js-dislike-checkbox" type="checkbox" name="option" value="No" id="dislike_{commentID}">
	<label for="dislike_{commentID}" class="dislike" title="I disagree"></label>
	<span class="numOfDislikes js-dislike-count lighterGrayFont">0</span>
</div>

Are you sure you want to delete this chart?

Delete Cancel

Post

Replace the attached chart with a new chart ?

Replace Cancel

1000

Comment Guidelines

Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.

S&P/ASX 200	7,091.30	-118.00	-1.64%
ASX 200 Futures	7,090.5	-97.0	-1.35%
ASX All Ordinaries	7,273.50	-113.80	-1.54%
US 500	4,179.9	0.1	0.00%
Dow Jones	32,908.27	-134.51	-0.41%
China A50 Futures	12,267.0	+6.0	+0.05%
Dollar Index	104.150	+0.072	+0.07%

Crude Oil WTI	67.61	+0.02	+0.03%
Natural Gas	2.258	+0.006	+0.27%
Gold	1,981.10	+0.10	+0.01%
Silver	23.602	-0.018	-0.08%
Copper	3.6662	+0.0002	+0.01%
US Sugar #11	25.03	-0.30	-1.18%
US Coffee C	178.63	+1.53	+0.86%

Australia 10Y	3.596	-0.008	-0.22%
Australia 5Y	3.386	-0.005	-0.15%
New Zealand 10Y	4.326	0.000	0.00%
U.S. 10Y	3.643	-0.058	-1.56%
Japan 10Y	0.428	-0.003	-0.70%
China 10Y	2.725	0.011	0.41%
Singapore 10Y	2.864	0.009	0.30%

CSL	306.39	-1.85	-0.60%
Woolworths	37.540	-0.720	-1.88%
ANZ Holdings	22.920	-0.490	-2.09%
Commonwealth Bank Australia	96.780	-2.400	-2.42%
Telstra Group	4.360	-0.030	-0.68%
National Australia Bank	25.970	-0.550	-2.07%
BHP Group Ltd	42.020	-1.470	-3.38%

5 big analyst picks: Meta nabs another upgrade | Pro Recap

Meta earns one more upgrade this week

PulteGroup upgraded to Outperform

So-Young International upgraded at Citi following a Q4 beat

2 more upgrades

Related Articles