(This is CNBC Pro's live coverage of Thursday's analyst calls and Wall Street chatter. Please refresh every 20-30 minutes to view the latest posts.) A retailer and a beauty company were among the stocks being talked about by analysts on Thursday.
Baird upgraded elf Beauty to outperform, calling for nearly 35% upside. Meanwhile, Morgan Stanley raised its rating on Gap to overweight. Check out the latest calls and chatter below.
All times ET. 6:01 a.m.
: Redburn Atlantic downgrades Palo Alto Networks on expected AI slowdown Palo Alto Networks could see a growth slowdown as its artificial intelligence-boost appears to be just a short-term reaction rather than a sustainable boost, according to Redburn Atlantic. Analyst Nina Marques downgraded Palo Alto to neutral and kept her $325 price target, which implies that shares of the cybersecurity services provider could slide 2.1% from Wednesday's close.
Marques cut her revenue forecast for Palo Alto to reflect her view that generative AI will not result in another "investment super-cycle," given early indicators of a spending slowdown and deflationary impacts from generative AI and higher competition that will put pressure on future growth in cybersecurity companies. She noted that Palo Alto, which is up 12.5% year to date, continued to soar even as growth in cybersecurity-tied AI winners slowed.
"Near-term expectations have been reset after the announcement of Palo Alto's 'platformisation' strategy," Marques said. This strategy has he.