All articles tagged with #guggenheim
The Guggenheim Foundation has abandoned plans to build a museum extension in the Urdaibai biosphere reserve in the Basque Country after strong local protests and environmental concerns, with groups like Greenpeace and WWF celebrating the victory for natural preservation.
Guggenheim analyst Shahriar Pourreza believes that utilities stocks are undervalued and poised for a comeback in 2024, citing factors such as valuation, interest rates, and renewable energy deployment. He recommends NextEra Energy (NEE) as a top pick, citing oversold position and potential catalysts. Eversource Energy (ES) and Edison International (EIX) are also highlighted as smart bets, with potential upsides of 36% and 25% respectively, according to Pourreza's analysis. Despite recent challenges, these utility companies continue to show resilience and long-term growth potential.
Guggenheim has upgraded its sell rating on Microsoft to neutral, citing the positive impact of generative artificial intelligence (AI). The firm acknowledges the struggles with Microsoft's Windows product and growing pains in the market for its Azure cloud-computing business but believes that the potential of AI outweighs these concerns. This upgrade reinforces the positive consensus surrounding Microsoft, with nearly 90% of analysts having buy ratings on the stock. Microsoft shares have a return potential of 25% based on the average analyst price target.