Wells Fargo said it's standing by its overweight rating on BlackRock. Baird upgraded Zions Bancorp.
Here are Wednesday's biggest calls on Wall Street: Bank of America reiterates Disney as buy Bank of America said Disney remains "best-in-class." "DIS has a collection of best-in-class premiere assets. The presence of Bob Iger as CEO should support investor sentiment. Near term catalysts include: additional updates on the strategic outlook for DIS, continued robust theme park demand and sports betting optionality at ESPN.
"We believe the recent underperformance in WH shares, which have underperformed the lodging C-Corp peer group average by ~1,500 bps in the YTD is overdone and primarily related to regional banking concerns on funding availability for development / unit growth." Baird downgrades ON Holding to neutral from outperform Baird said it's reducing exposure on the stock as consumers rein in spending. "Using strength to further reduce exposure; downgrading ONON, XPOF, EWCZ.
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