Here are the biggest analyst calls of the day: Virgin Galactic, DuPont, AMD, Nintendo & more

FAN Editor

Sir Richard Branson poses outside the New York Stock Exchange (NYSE) ahead of Virgin Galactic (SPCE) trading in New York, U.S., October 28, 2019.

Brendan McDermid | Reuters

Here are the biggest calls on Wall Street on Thursday:

Credit Suisse initiated Virgin Galactic as ‘outperform’

Credit Suisse initiated coverage of the space flight company and said it had an “attractive” business model.

“Our bullish view reflects the near-term monopoly SPCE offers in an industry (commercial space tourism) where public investment opportunities are scarce. We view this as a classic tech-driven high demand, low supply story with high barriers to entry.”

Deutsche Bank added a ‘catalyst call buy’ idea on DuPont

Deutsche Bank put a catalyst call buy idea on DuPont in advance of the release of the movie, “Dark Waters,” which is about an attorney’s battle against the chemical giant for releasing a potentially toxic chemical. The firm says the movie may add clarity and remove an “overhang” from the stock.

“We believe the release of the movie “Dark Waters” on Friday will remove an over-hang on DuPont shares as i) there will be no more unknowns about what the movie says / claims, ii) DuPont will be able to point out factual errors and misrepresentation in the movie, iii) any potential negative share price reaction to the movie will likely be fully reflected by early next week and iv) investors will be able to focus, once again, on the fact that legacy DuPont’s PFOA liability is with Chemours following the separation of Chemours from DuPont in 2015.”

Free America Network Articles

Leave a Reply

Next Post

Wall Street set to open flat after mixed signals on trade

FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., November 18, 2019. REUTERS/Brendan McDermid November 21, 2019 By Shreyashi Sanyal and Manas Mishra (Reuters) – The three major U.S. indexes were set to open flat on Thursday after mixed signals on […]