All articles tagged with #keybanc
KeyBanc upgraded Intel and AMD to overweight, citing robust server-CPU demand driven by AI infrastructure, which sent Intel shares higher and signaled a potentially strong year ahead for chipmakers.
KeyBanc says AMD is a buy as server CPUs head toward being sold out due to a surge in hyperscaler demand, with potential 10-15% price hikes in Q1, and AI-chip demand supporting up to $15 billion in revenue.
KeyBanc upgrades Intel and AMD to Overweight amid AI/data-center-driven demand that has left 2026 server CPUs largely sold out, with Intel's 18A process yielding over 60% and rising foundry momentum, and major customer wins aiding higher price targets.
KeyBanc Capital Markets analyst Brandon Nispel downgraded Disney stock to Sector Weight from Overweight, citing "meaningful uncertainty" and highlighting concerns about stalling direct-to-consumer subscriber growth, sagging Disney content sales, challenges in moving ESPN to streaming, and high expectations for domestic park attendance. Nispel also expects further losses from Disney+ and Hulu amid increasing competition. The downgrade comes after Disney reported a decline in Disney+ subscribers and weak theme park attendance data.
KeyBanc Capital Markets downgraded Target's rating to Sector Weight from Overweight due to concerns over consumer headwinds over the next 18 months, particularly the resumption of federal student loan repayments after August 30, which is estimated to create a $46.1B headwind from September-December, with an annualized impact of $128.8B-$148.1B. The policy change elevates the risk for consumer discretionary spending, particularly for the 2023 back-to-school and Holiday Season. Target's valuation was noted to trade at 17.1X and 15.5X KeyBanc's 2023 and 2024 EPS estimates, respectively.
KeyBanc predicts that Nvidia will outperform its peers in the semiconductor industry ahead of earnings reports this week, citing the company's strong position in the gaming and data center markets.