Spotify got upgraded by two firms, and furniture stock RH was downgraded by Telsey.
Here are Monday's biggest calls on Wall Street: Jefferies reiterates Netflix as buy Jefferies said its recent survey checks show that Netflix should be able to retain users despite a password sharing crackdown. "We believe NFLX is positioned as the 'must-have' streaming service and is a contender for the #1 spot in video content distribution." Wells Fargo upgrades Spotify to overweight from equal weight Wells said the stock is coming off of "margin probation.
A clear negative for the rest of Retail, especially as 3P is driving AMZN's gains. One positive: the big are back to getting bigger; WMT/COST may be best positioned." Wells Fargo reiterates Dollar General and Ollie's top picks Wells said Dollar General has "unique flexibility." The firm also said that Ollie's Bargain Outlet has an attractive risk/reward.
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Wells Fargo upgrades Spotify, says stock can rally nearly 50% as margins expandWells Fargo upgraded Spotify shares to overweight from equal weight, citing the music streaming giant's commitment to improving its margins.
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BLACKPINK's 'Shut Down' exceeds 300 million streams on Spotify | allkpopBLACKPINK's 'Shut Down' reached a new milestone on Spotify!Recently, the title track from the girl group's second full-length album 'Born…
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'Hype Boy' becomes NewJeans' first single to surpass 200M streams on Spotify | allkpopNewJeans is continuing to prove their popularity on Spotify.According to the music streaming platform, the NewJeans single 'Hype Boy' has be…
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Best new artist Grammy nominees Anitta, Måneskin and others spotlighted at Spotify eventSpotify's Best New Artist party returned this year to showcase the 2023 Grammy nominees. Here's a look at performances by Anitta, Måneskin and more.
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In the Spotify era, many musicians struggle to make a livingThe people you see onstage at the Grammys can make it work. But for a lot of singers and songwriters, streaming has made a full-time music career unsustainable.
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