Here are Wednesday's biggest analyst calls: Apple, Estee Lauder, Cisco, Micron, PayPal, Nvidia
Here are Wednesday's biggest calls on Wall Street: Barclays downgrades Cisco to equal weight from overweight and upgrades Arista to overweight from equal weight Barclays said in its downgrade of Cisco that it sees macro risks. The firm also upgraded Arista and said the computer networking company has "resilient cloud demand." "We are upgrading ANET to OW from EW and downgrading CSCO to EW from OW.
all coming in below consensus as demand was impacted by the challenging macroeconomic environment and lower retail spend." Goldman Sachs upgrades Estee Lauder to buy from neutral Goldman said in its upgrade of the stock that investors should buy the weakness. "We upgrade shares of EL to Buy, from Neutral, following the recent pullback in the stock.