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Here are the biggest voices on Wall Street on Friday: Barclays Reiterates Equal Weight on Tesla Barclays is sticking with its equal weight rating for Tesla ahead of its delivery numbers announcement in early April. “We expect first-quarter deliveries to be in the range of 420-425,000 units, below consensus of 468,000 units.” BTIG downgrades Papa John’s from acquisition to neutral His BTIG The company downgraded the pizza chain. “We are downgrading Papa John’s stock from Buy to Neutral following Rob Lynch’s departure as CEO of Shake Shack (SHAK, Buy, PT $120) this spring.” UBS renews its view on Nvidia acquisition Statement UBS raised the target price for AI chip developer Nvidia from $800 to $1,100 per share. “Following the launch of Blackwell and having attended several sessions at GTC, we believe NVDA is on the cusp of a whole new wave of demand from global corporations and sovereigns. Investors could become as big as a large U.S. cloud customer.”Morgan Stanley reiterates that it is overweight on Apple He said people should buy the decline in Apple stock. “We believe mkt is underestimating AAPL’s edge AI initiatives and expects significant catalysts down the road, such as WWDC and the AI-driven iPhone upgrade cycle, and we believe that mkt is underestimating AAPL’s edge AI initiative, with significant catalysts expected going forward, including the Qest concerns in June. That should more than offset the lengthy Justice Department litigation.” Goldman Sachs reiterated FedEx as a buy following Thursday’s earnings report, with Goldman maintaining a buy rating on the overnight carrier. said. “Near-term risks remain as we head into the end of fiscal 2024, but in addition to FDX’s cost reduction initiatives, volumes will eventually return to deliver new growth and cost improvement leverage across the network. Goldman Sachs reiterates Arista buy, Goldman raises price target on cloud networking stock from $313 to $356. “Our increased optimism is driven by increased capex in 2024/25 by ANET Cloud Titan customers Meta, Microsoft and Oracle, with Meta and Microsoft increasing their share of capex. If ANET’s earnings are consistent, we believe this supports ANET’s 2024E earnings outlook.” Trust Reiterates Amazon as a Buy Trust Trust reiterates its buy rating on Amazon stock He stated it again. “With two weeks left in the quarter, we continue to have a constructive outlook on AMZN based on our tracking of U.S. sales growth and indicators of positive overall market trends.” RBC expects Thursday RBC downgrades to Sector Perform over Nike after disappointing earnings report “With no revenue growth in FY2024, there is little room to work. Downgraded to Sector Perform.” Morgan Stanley Overweight Alphabet Morgan Stanley reiterates that it believes Alphabet stock remains undervalued. “GOOGL trades at a 24% discount to its peers and a 17% discount to its peers. [long term] Citi Begins Acquisition of Talos Energy Citi has begun investigative reporting on its acquisition of Talos, saying investors should buy the energy company after its recent selloff. “We support their prudent strategy, which consists of modest operations and a balanced mix of acquisitions and organic growth.”Upward. “We believe the continuation of this trend is necessary to balance concerns around relatively small size and relatively short reserve life.” JMP believes Coinbase has outperformed the market. JMP has repeatedly asserted that its cryptocurrency stocks are outperforming the market, and that Coinbase is not just outperforming the market. An exchange that continues. “We maintain our market outperform rating and $300 price target.” JPMorgan downgrades Martin Marietta Materials and Vulcan Materials from overweight to neutral JPMorgan downgrades Martin Marietta Materials and Vulcan Materials from overweight to neutral primarily due to valuation・Downgraded Marietta Materials and Vulcan Materials. by 11 o’clock [percentage points]+29% since December 2023, currently holding a valuation of over 5+1 years. [standard deviation] Redburn Atlantic Equity upgrades Verizon from sell to neutral; Redburn sees Verizon’s “improving subscriber dynamics”; “While we remain a seller of AT&T and TMUS, we are targeting Verizon based on improving subscriber dynamics.” “JPMorgan upgrades Best Buy from neutral to overweight and raises price target to $101 per share from $89,” he said briefly, but potentially from 1 to 2 quarters. We think it makes sense for it to be quarterly. Considering margin controls, the computing trend started during the back-to-school period (July-September) and relative valuations and margin flow-through indicate that the stock has a spring, so the computing trend Considering this, there is a possibility of an upward move in the early stages of BBY.” Piper Sandler starts Boston Beer with an overweight rating Piper has started the beverage company with an overweight rating, saying he stands by the company’s product pipeline. “We begin SAM with an OW rating and a $350 price target. We expect Twisted Tea and Hard Dew to lead sales growth, with Hard Mountain Dew trading against our expectations (and consensus). KBW upgrades California bank to above-market performer. KBW says investors should consider investing in regional banks before it’s too late. He said he should buy the stock. “We are transferring coverage of BANC to Christopher McGratty and upgrading the stock to Outperform from the previous Market Perform.” Argus downgrades Pfizer, puts acquisition on hold He says Argus downgrades pharmaceutical company At the time, he said he saw too many headwinds to sales. “PFE faces short-term headwinds to revenue growth. Revenue growth is expected to be between 3% and 5% in 2024 (excluding COVID-19 products and the Seagen acquisition) and 2023 7% in 2019.” Johnny upgrades Sunnova to buy from neutral position Johnny says investors should buy the dip in the solar company’s stock. “NOVA: Upgraded to buy due to significant weakness.” Citigroup upgrades Foot Locker to neutral from sell. He said Citigroup said the risk and return for the shoe retailer’s stock is getting better. “FL has not received a favorable allocation from NKE in recent years, and while there is no guarantee that FL will benefit from NKE’s product pivot, it seems likely that FL will receive a better allocation.” Compass Point, Neutral Compass Point upgrades U.S. Bancorp to takeover from major bank, said it sees “notable upside potential” for the Minneapolis-based bank’s stock price. “USB should benefit from solid expense leverage in FY24, and management has levers that it can leverage as needed to ensure expenses stay flat for the year,” Wedbush said. Wedbush reiterates Alphabet’s strong performance and adds Alphabet’s stock to its list of best ideas. “We are adding Alphabet to the Wedbush Best Ideas List (BIL) and raising TP from $160 to $175.” TD Cowen upgrades Charles Schwab to outperform market performance TD Cowen upgrades Schwab He said he believed a “favorable inflection point” was near. “We believe that the backdrop will become increasingly favorable for the sector. [net interest margins]”Goldman Sachs upgrades Vesta from neutral to buy. Goldman is bullish on the Mexican real estate company’s stock.” “Goldman Sachs upgrades shares of Mexican industrial real estate developer Vesta from neutral to buy.” VESTA.MX PT for the stock and VTMX ADR is neutral at P$73, $42, implying a +15% price return.”Goldman Sachs launches Veralto acquisition At the time, he stated the following: The company likes Veralto’s product pipeline. “High-quality growth in global water and products markets. Morgan Stanley reiterates Taiwanese semiconductor maker is overweight” Morgan Stanley says Taiwanese semiconductor maker is a key beneficiary of Apple’s AI push “TSMC is a key enabler and beneficiary of Apple’s AI.”
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