Lockheed Martin and Coinbase See Gains as Analysts Upgrade Stocks
Truist analysts consider Lockheed Martin to be attractively valued at the start of the year, suggesting it may be a good investment opportunity in the defense sector.
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Palantir Poised for Continued Growth as a Leading AI Asset
Truist describes Palantir as a top-tier AI asset with strong prospects to build on its gains through 2025, highlighting its potential as a leading player in artificial intelligence investments.
Enphase Energy Faces Downgrade, Slowing Residential Solar Recovery
Enphase Energy's stock has been downgraded by Truist, who believes that the recovery of the residential solar industry will take longer than expected.
Banking Stocks Trade Mixed as First Republic Shares Drop Again.
First Republic Bank's stock fell 8% after another credit rating downgrade, making it the most actively traded bank stock on the NYSE. Bank stocks traded mixed after steep losses in the previous session, with Comerica and Zions Bancorp falling 6% and 4.2%, respectively. Truist analyst Brandon King cut stock price targets and earnings estimates for a host of banks, while Stifel Financial Corp. announced the expansion of its venture capital lending unit by hiring three "key" partners formerly with Silicon Valley Bank.
Charles Schwab faces fallout from SVB collapse and Deutsche Bank risk reading.
Citi has upgraded Truist and stated that investors are wrong to compare it with Silicon Valley Bank (SVB) as it is like comparing "apples and oranges". Citi believes that Truist has a strong franchise and is well-positioned to benefit from the economic recovery.