Wall Street’s Biggest Calls of the Day
Goldman Sachs: Upgrades Shoals to Buy
Goldman Sachs has upgraded solar company Shoals from neutral to buy. The firm finds the company very attractive, citing potential for gross margin upside and an attractive valuation.
Wells Fargo: Initiates WillScot as Outperform
Wells Fargo has initiated coverage on mobile trailer office company WillScot with an outperform rating. The firm believes the company has sustained pricing strength and highlights its sticky model, growth drivers, and margin initiatives.
TD Cowen: Reiterates Netflix as Outperform
TD Cowen is maintaining its outperform rating on streaming giant Netflix, despite lowering its price target. The firm expects investors to focus on net adds, monetization efforts, and future margins and free cash flow.
Stephens: Initiates Sprout Social as Overweight
Stephens has initiated coverage on software company Sprout Social with an overweight rating. The firm recognizes Sprout Social as a market leader in social media management, providing customers with a holistic view of their presence across various platforms.
Raymond James: Upgrades Take-Two to Outperform
Raymond James has upgraded video game company Take-Two to outperform, citing optimism in upcoming releases. The firm sees potential for growth in the near and medium term.
Morgan Stanley: Upgrades Cava to Overweight
Morgan Stanley has upgraded restaurant chain Cava to overweight, gaining confidence in its catalyst path and near- and long-term growth story.
JPMorgan: Upgrades CSX to Overweight
JPMorgan has upgraded railroad company CSX to overweight, as the concerns outlined in a previous downgrade have largely played out.
TD Cowen: Reiterates Nvidia as Outperform
TD Cowen is maintaining its outperform rating on tech giant Nvidia, raising its price target on the stock. The firm believes Nvidia is well positioned for AI and anticipates transformational paradigm shifts in the industry.
JPMorgan: Upgrades Iris Energy to Overweight
JPMorgan has upgraded bitcoin mining company Iris Energy to overweight, considering it best-in-class in its sector.
UBS: Initiates Boeing as Buy
UBS has initiated coverage on aerospace giant Boeing with a buy rating. The firm sees above-consensus free cash flow potential driven by orders and supply chain dynamics.
UBS: Downgrades Morgan Stanley to Neutral
UBS has downgraded bank Morgan Stanley to neutral due to headwinds that make it challenging to exceed consensus estimates.
Oppenheimer: Downgrades Texas Instruments to Perform
Oppenheimer has downgraded technology company Texas Instruments to perform ahead of its earnings report, citing rising competition from China.
Needham: Initiates Robinhood as Hold
Needham has initiated coverage on investment platform Robinhood with a hold rating, observing a balanced risk/reward profile given declining crypto trading volume and uncertainty surrounding monthly active users.
Truist: Reiterates Amazon as Buy
Truist maintains a buy rating on Amazon, seeing potential for the company’s logistics-as-a-service to unlock a $100 billion opportunity.
Piper Sandler: Downgrades Arista Networks to Neutral
Piper Sandler has downgraded networking company Arista Networks to neutral primarily due to concerns about networking spend and valuation.
JPMorgan: Initiates CleanSpark as Overweight
JPMorgan has initiated coverage on bitcoin miner CleanSpark with an overweight rating, considering the stock to offer relative value and growth potential.
Barclays: Upgrades Ball Corp to Overweight
Barclays has upgraded glass and jar lid company Ball Corp to overweight, noting its historical steady performance and anticipating growth in beverage can volume.
Mizuho: Reiterates SoFi as Buy
Mizuho maintains a buy rating on fintech company SoFi and believes any weakness in the stock is due to investor concerns about lending capacity, which the firm views as manageable.
Leerink: Upgrades Amgen to Outperform
Leerink has upgraded biotechnology company Amgen to outperform, expecting earnings upside driven by positive pipeline newsflow.
Piper Sandler: Reiterates Apple as Overweight
Piper Sandler’s investor survey reveals that Apple remains the top choice among teenagers for smartphone ownership.
Morgan Stanley: Reiterates Walmart as Overweight
Morgan Stanley maintains an overweight rating on Walmart, citing increasing customer engagement despite a slight decrease in food spend due to the impact of obesity drugs.
Deutsche Bank: Downgrades CBOE to Hold
Deutsche Bank has downgraded global markets company CBOE to hold, primarily based on valuation and the stock’s recent outperformance.