Palo Alto Networks (PANW) –Analysts at Morgan Stanley were out Monday morning once again pounding the table on Palo Alto shares. The firm highlighted Palo Alto as a top pick for 2023 as recently as two Fridays ago; analysts were back at it to start this week with a note which described the stock as “an exceptional opportunity.”
DR Horton (DHI) – A play on the homebuilding space. DR Horton will report quarterly results on Tuesday before market open.
Vera Bradley (VRA) – A play on bullish analyst sentiment by Small Cap Consumer Research’s Eric Beder. The analyst said “Vera Bradley remains an emerging turnaround play” heading into Valentine’s Day in February and the spring in March.
Southwest Airlines (LUV) – A play on earnings out of the airline space. Southwest shares have been the underperformer in the airline space, down about 15% over the last year. Shares of peers Delta Airlines (DAL) and United Airlines (UAL) were up nearly 20% and about 3%, respectively, over the last year.
Wayfair (W) – Sell-side analysts were more favorable on Wayfair Monday morning following news of a workforce reduction and guidance from the company Friday. While analysts at JP Morgan and Wedbush upgraded the stock to the equivalent of a buy rating, an analyst at Oppenheimer said “chances of a worst-case scenario [for Wayfair have] now lessened.”