(This is CNBC Pro's live coverage of Tuesday's analyst calls and Wall Street chatter. Please refresh every 20-30 minutes to view the latest posts.) Electric vehicle maker Tesla and sprawling food giant Campbell's Soup were getting analyst attention Wednesday, as was Federal Express following big news from the shipping giant.
Stifel opened coverage on Tesla with a buy rating and an ambitious price target as it sees multiple growth opportunities for the company. Elsewhere, JPMorgan swung to an overweight rating on Campbell's Soup for the first time in about 15 years, while strong earnings and cost-cutting measures at FedEx drew praise from JPMorgan. Check out the latest calls and chatter below.
All times ET. 6:22 a.m.
Buy beat-down U.S. Steel shares, BMO Capital Markets says U.
S. Steel offers attractive valuation to investors right now, regardless of if it gets acquired, according to BMO Capital Markets. Analyst Katja Jancic upgraded the steel maker to outperform from market perform and upped her price target by $2 to $45.
Jancic's new target suggests shares can surge 27.8% over the next year from Tuesday's close. The analyst sees obstacles for the current acquisition of U.
S. Steel by Japan-based Nippon Steel. Despite that doubt, she said the stock is attractive given its relative valuation and the potential for improved profitability and free cash flow generation through investments.
Notably, Jancic said U.S. Steel currently trades at 5.
1 times 2025 EBITDA and 4.2 times the sa.
