Here are the biggest calls on Wall Street on Wednesday.
Here are the biggest calls on Wall Street on Wednesday: Bank of America reiterates Amazon as buy Bank of America said it sees margin upside following the company's robust earnings report. "In our view, a major positive from the call was CEO commentary that margins can continue to expand while Amazon invests.
"Furthermore, while gross margin will take time to recover as utilization and Broad Markets pick back up, we believe risk/reward skews negative until there is greater visibility into a Mobile content catalyst. We downgrade SWKS shares to Hold and accordingly adjust our estimates lower to account for this dynamic." Deutsche Bank downgrades Starbucks to hold from buy Deutsche said it sees "broad-based headwinds" for the coffee giant following its earnings report on Tuesday.
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