Brian Niccol, CEO of Chipotle Mexican GrillAdam Jeffery | CNBCListed here are the most important calls on Wall Avenue on Friday:Morgan Stanley down
Brian Niccol, CEO of Chipotle Mexican Grill
Adam Jeffery | CNBC
Listed here are the most important calls on Wall Avenue on Friday:
Morgan Stanley downgraded Caterpillar to ‘equal weight’ from ‘obese’
Morgan Stanley mentioned it sees a “balanced” danger/reward.
“We see growing draw back dangers to CAT‘s Development and Power & Transportation segments. Assets phase and share repurchases proceed to assist EPS, however are unable to completely offset these headwinds. We now see unfavorable EPS development in FY20, 10% upside to our PT, and a balanced danger reward.”
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KeyBanc downgraded Waste Administration to ‘sector weight’ from ‘obese’
KeyBanc mentioned it’s searching for “larger” visibility on the following catalyst to “drive” outperformance of the inventory.
“WM has outperformed the group YTD partly as a result of pending ADSW acquisition. We view administration’s bull-case 7-9% EBITDA/FCF development outlook for 2019-2021 as comfortably achievable with the addition of ADSW, which presents a sexy relative valuation on mixed firm estimates. That mentioned, we’re transferring to SW on WM as we search for larger visibility on the following catalyst that can drive relative outperformance at present ranges.”
Mizuho initiated United Well being, Cigna, & Humana as ‘purchase’
Mizuho initiated the managed well being care group and mentioned it had a “constructive” view of the trade.
“We’re…