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BAC

JPM

Economists at JPMorgan Chase & Co. have discarded their previous prediction of an impending recession in the United States, aligning with an increasing number of analysts who believe the economy will dodge a downturn. The bank’s economists now anticipate sustained economic growth this year, followed by a period of “modest, sub-par growth” in 2024. Despite the optimistic outlook, the risk of a downturn is still very elevated, especially if the Federal Reserve continues to increase interest rates. Earlier this week, Bank of America Corp. also revised its forecast, reflecting a growing optimism about the economic outlook.

Portfolio Pulse from Piero Cingari

August 04, 2023 | 7:31 pm

WERN

Morgan Stanley analyst Ravi Shanker has maintained an Overweight rating on Werner Enterprises (NASDAQ:WERN), but lowered the price target from $65 to $62.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 7:30 pm

WCN

Morgan Stanley analyst Toni Kaplan has maintained an Overweight rating on Waste Connections (NYSE:WCN) and raised the price target from $164 to $171.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 7:29 pm

WBD

Morgan Stanley analyst Benjamin Swinburne has reiterated an Equal-Weight rating on Warner Bros. Discovery (NASDAQ:WBD) and maintained a $15 price target.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 7:28 pm

RARE

Morgan Stanley analyst Jeffrey Hung has reiterated an Overweight rating on Ultragenyx Pharmaceutical (NASDAQ:RARE) and maintained a $95 price target.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 7:27 pm

USB

Morgan Stanley analyst Betsy Graseck has reiterated an Equal-Weight rating on U.S. Bancorp (NYSE:USB) and maintained a $45 price target.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 7:26 pm

CAKE

Morgan Stanley analyst John Glass has reiterated an Underweight rating on Cheesecake Factory (NASDAQ:CAKE) and maintained a $31 price target.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 7:24 pm

SWI

Morgan Stanley analyst Sanjit Singh has maintained an Equal-Weight rating on SolarWinds (NYSE:SWI) and raised the price target from $11 to $12.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 7:24 pm

SGHT

Morgan Stanley analyst Cecilia Furlong has maintained an Overweight rating on Sight Sciences (NASDAQ:SGHT) but lowered the price target from $15 to $12.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 7:23 pm

FOUR

Morgan Stanley analyst James Faucette maintains an Underweight rating on Shift4 Payments (NYSE:FOUR) and raises the price target from $50 to $52.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 7:20 pm