Wall Street Analyst Updates: Upgrades for AMD, SAP, and Rollins Amid AI and Sector Shifts
Major financial institutions issued several significant rating changes on Monday. JPMorgan upgraded SAP to overweight, citing the company's strong positioning as artificial intelligence transitions from pilot programs to full production. Similarly, Oppenheimer upgraded Advanced Micro Devices (AMD) to outperform following a bullish meeting with management, leading to raised earnings estimates. In other sectors, Citi upgraded Rollins (ROL) to buy due to industry demand and M&A activity, while JPMorgan added Meta Platforms (META) to its focus list based on AI-driven advertising growth. Despite recent volatility in the tech sector, Mizuho reiterated an outperform rating for Oracle (ORCL), viewing recent selloffs as a buying opportunity.
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Topics: Equity Research Stock Analyst Upgrades Wall Street Sentiment