In the latest Wall Street calls, Morgan Stanley reiterates Nvidia as overweight, with the stock being identified as a top performer in the AI sector. Oppenheimer also reiterates Netflix as outperform, expecting subscriber growth and raising the price target to $725. Jefferies upgrades Choice Hotels to buy due to its ceased efforts to acquire Wyndham, while also reiterating Adobe as a buy, advising investors to buy the dip in shares.
Evercore ISI reiterates Tesla as in line following a tour of Tesla’s giga factory, while JPMorgan upgrades Kingsoft Cloud to overweight, citing margin expansion for the cloud company. JPMorgan also initiates Duolingo as overweight, envisioning premium revenue generation for the language learning platform. Wolfe upgrades Xcel Energy to outperform despite losses from the Texas wildfires, stating an attractive entry point for investors in the energy sector.
In other calls, Truist upgrades Procter & Gamble to buy as it nears an “inflection point,” expecting improved valuation for the stock. Guggenheim names Nike a best idea, emphasizing an attractive entry point after a recent pullback in shares. Jefferies upgrades PDD to buy, seeing market share gain potential despite concerns on geopolitical risks. Morgan Stanley cuts Petrobras to equal weight due to lowered confidence in dividend yield support, and reiterates Eli Lilly as overweight, awaiting results from the company’s sleep apnea trial. UBS upgrades Foot Locker to neutral as their initial thesis plays out, and JPMorgan initiates Kaspi as overweight, identifying it as a leading super payment app.
