Jim Cramer’s daily rapid fire looks at stocks in the news outside the CNBC Investing Club portfolio. Bank of America : Piper Sandler upgraded the stock to neutral from underweight (hold from sell) and raised its price target to $42 per share from $37. “It’s becoming the Buffett bank,” Jim Cramer said Tuesday ahead of next week’s earnings. “You’re seeing a recognition that their bond portfolio wasn’t really a danger after all.” Warren Buffett’s Berkshire Hathaway owns a huge stake in BofA. RH : Stifel started coverage of the company formerly named Restoration Hardware with a buy and a $315-per-share price target. CEO Gary Friedman sees an inflection point. “I don’t want to bet against Gary,” Cramer said. “He’s bought a huge amount of stock.” Intel : The struggling chipmaker was trying to rally for the fifth session in a row. Cramer said he’s not a fan of the stock but “every dog has its day.” Netflix : Cowen increased its price target on the stock ahead of earnings next week. “There’s nothing new driving that damn stock,” Cramer said. “It doesn’t matter, though.” Smurfit Westrock : Stifel started coverage of the paper-based packaging company with a buy rating and a $65.70-per-share price target. “There’s been tremendous consolidation in that industry. And yet, it’s still not really been able to get rolling,” Cramer said.
Source Agencies
