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(This is CNBC Pro’s live coverage of Thursday’s analyst calls and Wall Street chatter. Please refresh every 20-30 minutes to view the latest posts.) A media giant and a semiconductor name were among the stocks being talked about by analysts on Thursday. Seaport Research downgraded Disney to neutral from buy, citing concerns around the company’s parks business. Meanwhile, Raymond James upgraded Lattice Semiconductor to outperform with a price target that implies upside of nearly 20%. Check out the latest calls and chatter below. All times ET. 6:58 a.m.: Bank of America reiterates buy rating on Ralph Lauren Despite a more challenging macroeconomic backdrop, Bank of America thinks Ralph Lauren can hit its margin targets and continue to execute growth. The firm reiterated a buy rating on the apparel company and raised its price target to $210 per share from $207. BofA’s forecast implies roughly 32% upside from Wednesday’s close. Ralph Lauren has ticked up 11% in 2024. RL YTD mountain RL year to date “We think the shares are attractively valued given our confidence in strong revenue trends continuing given the brand’s global diversification and management’s ability to pull cost levers in this environment,” analyst Christopher Nardone said. “We continue to expect that RL will hit the 15%+ ccy margin target this year,” he added. “We are modeling 2Q marketing higher as % of sales relative to last year given the Olympics and Sept fashion show.” — Brian Evans 6:28 a.m.: KeyBanc upgrades Wolverine World Wide, forecasts 55% upside KeyBanc sees a “compelling recovery story” for Wolverine World Wide , calling for a growth spell. The firm upgraded the footwear stock to overweight from sector weight with a $20 per share price target. KeyBanc’s forecast implies more than 55% upside from Wednesday’s close. “We’ve acknowledged WWW’s impressive progress before in rightsizing the business over the past year, and see the potential in the go-forward portfolio,” analyst Ashley Owens said. “With another quarter of better-than-expected results under its belt, clearer signs of the pipeline building, and early wins in new innovations, we believe there’s enough on the table now to show that WWW has the ability to drive an inflection in 4Q/growth into 2025 and beyond.” Wolverine has advanced about 45% in 2024. — Brian Evans 6:18 a.m.: Mizuho Securities downgrades Intel, says gap to competitors is widening Execution headwinds and a widening competitive gap is pushing Mizuho Securities to the sidelines on Intel . The firm downgraded the chipmaker to neutral from outperform and lowered its price target to $22 per share from $36. Mizuho’s forecast implies roughly 16% upside from Wednesday’s close. “While there is longer-term potential for foundry/18A tailwinds, regaining lost leadership could be challenging,” analyst Vijay Rakesh said. “Despite new ramps in Server (Sierra Forest/Granite Rapids), AI (Gaudi 3), PC (Meteor Lake), INTC is: 1) losing share in PCs/DC, 2) a distant 3rd in merchant AI, 3) reducing headcount which could impact morale and execution, and 4) removing dividends lowers investor support,” the analyst elaborated. Intel has plummeted more than 62% in 2024. INTC YTD mountain INTC year to date — Brian Evans 5:53 a.m.: Raymond James upgrades Lattice Semiconductor on pullback opportunity Investors should take advantage of a forecast cyclical bottom in Lattice Semiconductor before Wall Street begins upwardly revising its outlook on the chipmaker, according to Raymond James. The firm upgrade Lattice Semiconductor to outperform from market perform with a $50 per share price target. Raymond James’ forecast calls for 19.6% upside from Wednesday’s close. Shares have pulled back more than 39% in 2024. “Like its peers, LSCC is facing post-pandemic cyclical headwinds, which are nearing an end,” analyst Srini Pajjuri wrote Thursday. “Looking ahead, the company stands to benefit from cyclical recovery, ongoing content gains in servers, and new product ramps.” — Brian Evans 5:53 a.m.: Seaport Research downgrades Disney Disney’s parks business won’t bring investors joy for a while, according to Seaport Research Partners. Analyst David Joyce downgraded the media giant to neutral from buy. The frim doesn’t have a price target on shares. In June, however, its price target was $120, which implies upside of nearly 40% from Wednesday’s close. “Reticent as we are to shut the barn door after the investors have fled, at this point with the Parks slowing … and the DTC profitability having arrived but likely not generating as much as hoped in F2025 due to tech spending on UI features and ad capabilities, we are downgrading DIS shares to Neutral (from Buy) in this risk-off market,” Joyce said. “While there are encouraging positives that initially (briefly) cheered investors with this F3Q24 report … we think it may take a couple/few quarters to see more encouraging consumer and profit trends – with which we could be more constructive on DIS shares,” he added. Disney shares took a hit Wednesday , losing 4% as disappointment from the company’s park division overshadowed excitement around better-than-expected fiscal third-quarter results. Year to date, the stock is down 4.8%. DIS YTD mountain DIS year to date — Fred Imbert
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