Here are Thursday's biggest calls on Wall Street: Morgan Stanley reiterates Eli Lilly as overweight Morgan Stanley raised its price target on the stock to $1,083 per share from $1,023. "Given we are ~2x consensus '25 US Zepbound estimates (~$18bn vs. ~$9bn) we note that LLY can deliver revenues well ahead of consensus even with pricing at lower levels than we model, due to our views regarding the volumes that will come to market in.
" Rosenblatt initiates Ribbon as buy Rosenblatt said the telecom company is "positioned to grow." "We are initiating RBBN with a Buy rating and $5 price target because the investment thesis has significantly improved." Rosenblatt reiterates Broadcom as buy Rosenblatt raised its price target on the stock to a Street high $2,400.
"We take our 12-month PT for AVGO to $2,400 from $1,650 based on a low 30s P/E multiple ahead of the 10-for-1 share split next week." Bank of America reiterates Apple as buy Bank of America said it sees a "strong refresh cycle" for Apple. "We are raising our PO on Apple (AAPL) to $256 (from $230) on increased confidence of a multi-year iPhone upgrade cycle driven by an aging installed base and GenAI features that should provide a boost to customers' intentions to upgrade.
" JPMorgan reiterates Amazon as a top pick JPMorgan said it's sticking with Amazon as a best idea following the AWS Summit. "As expected, Generative AI was the primary focus at Amazon's AWS Summit in NYC on Wednesday, w/ AMZN emphasizing that its full-stack .
