From Yahoo: 2024-04-03 19:23:42

Today’s news includes upgrades for CSX, AOL, and a downgrade for EMC. Monness Crespi & Hardt pulled their buy rating on EMC ahead of their earnings report. Despite lagging the S&P 500, EMC offers a bargain with a low P/E ratio of under 10 and strong free cash flow exceeding $5.6 billion.

CSX recently fell short of Wall Street estimates in their Q4 earnings report. Despite this, analysts at Argus Research upgraded CSX to buy. However, with a high P/E ratio, large debt load, and insufficient free cash flow, CSX remains overvalued and not a buy at this time.

AOL received an upgrade to buy from CRT Capital after announcing partnerships with Zillow. With strong free cash flow exceeding earnings, a reasonable EV-to-free cash flow ratio, and projected profits growth rate of 15%, AOL may offer an attractive investment opportunity. However, caution is advised as growth projections vary.



Read more at Yahoo: Thursday’s Top Upgrades (and Downgrades)