Analyst call of the day for CNBCPro subscribers: Redburn upgrades Spotify to buy from hold and said that consensus is too cautious on Spotify. Subscribe to see the analyst calls of the day curated by CNBC Pro.
Here are the biggest calls on Wall Street on Wednesday: Benchmark upgrades Red Robin to buy from hold Benchmark said a turnaround is underway at Red Robin. "We believe the new senior management team at RRGB, led by experienced industry veteran G.J. Hart and a hand-picked team of senior leaders that he is assembling are the right team, with a focused operational strategy that should drive meaningful operating and financial improvement for the Red Robin brand.
" SI' s shares continue to be volatile in the wake of the deleveraging of the crypto industry and FTX bankruptcy fall-out, which has made utilizing fundamental valuation models challenging when looking at SI's twelve-month outlook." JPMorgan downgrades Marqeta to neutral from overweight JPMorgan said it sees too many headwinds for the card issuer.
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