(This is CNBC Pro's live coverage of Wednesday's analyst calls and Wall Street chatter. Please refresh every 20-30 minutes to view the latest posts.) An electric vehicle maker and a health insurance giant were among the stocks being talked about by analysts on Wednesday.
Morgan Stanley raised its price target on Rivian to $17 from $13. Meanwhile, Jefferies upgraded UnitedHealth to buy from hold. Check out the latest calls and chatter below.
All times ET. 6:01 a.m.
: TD Cowen downgrades American Airlines to hold ahead of earnings report Investors should stay cautious of American Airlines for now, according to TD Cowen. Analyst Thomas Fitzgerald downgraded shares of the airline carrier to a hold rating from buy ahead of American Airlines' next quarterly earnings report, due out before the bell on July 25. The analyst also slashed his price target for the stock to $10 from $16 and lowered his second-quarter adjusted earnings estimate to the low end of the guidance issued in late May.
American Airlines stock has lost 19% in 2024. Fitzgerald's updated price forecast implies that shares could slide another 11%. AAL YTD mountain AAL year to date The analyst noted that American's recent aggressive discounting could lead to downside risk on its earnings estimates for the second half of the year.
"Our checks indicate the airline has been aggressively discounting this summer as fuel prices eased. American's network leaves it more exposed to the markets currently most oversupplied and les.
