Roku CEO Anthony Wood
Here are the biggest calls on Wall Street on Monday:
Morgan Stanley downgraded Roku to ‘underweight’ from ‘equal weight’
Morgan Stanley said in its downgraded that revenue and gross profit growth will slow meaningfully in 2020.
“Roku continues to execute a sound strategy to capitalize on the shift to streaming. However, we believe there are risks to growth expectations not reflected in current valuation levels. Specifically, we think revenue and gross profit growth slow meaningfully in ’20 and the multiple compresses.”
Read more about this call here.
Raymond James downgraded Wells Fargo to ‘underperform’ from ‘market perform’
Raymond James downgraded the stock and said the company has a “stigma” surrounding the phony accounts scandal which occurred over 3 years ago.
“We are reducing our rating on shares of Wells Fargo to Underperform from Market Perform. Recall that we had an Underperform rating on the stock from October 4, 2016 through March 29, 2019….