Zoom CEO Eric Yuan speaks before the Nasdaq opening bell ceremony in New York on April 18, 2019.<\/p>\n
Kena Betancur | Getty Images<\/p>\n
(This story is for CNBC PRO subscribers only.)<\/p>\n
Here are the biggest calls on Wall Street on Thursday:<\/p>\n
JPMorgan said in its downgrade of Cisco that it sees \"limited\" investor enthusiasm and earnings per share growth.<\/p>\n
\"We are downgrading CSCO shares to Neutral led by our expectation for limited investor enthusiasm for the shares in the absence of visibility into a return to revenue growth amidst continuing headwinds to Enterprise spending in the backdrop of an uncertain macro, although latest checks indicated Enterprise IT spending remaining more resilient than expected.\"<\/p>\n
Deutsche Bank said in its upgrade of the food companies that they were \"too compelling to stay sidelined.\"<\/p>\n
\"We are reinforcing our constructive view on Staples, and highlighting incremental preference for the Food subsector (upgrading MDLZ and KHC to Buy). Recent COVID-driven events should allow Food companies an opportunity to accelerate self-improvement efforts; reduce their leverage ratios faster (enhancing strategic optionality); increase much needed reinvestments in capabilities, marketing, and innovation; and in turn improve go-forward fundamental prospects, especially relative to smaller, less well-financed competitiona proven formula for success in other CPG subsectors over the past 5+ years.\"<\/p>\n
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The rest is here:<\/p>\n
Here are Thursday's biggest analyst calls of the day: Amazon, Nikola, Apple, Tesla, Peloton & more - CNBC<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Zoom CEO Eric Yuan speaks before the Nasdaq opening bell ceremony in New York on April 18, 2019. Continue reading