Here are Wall Street’s biggest calls on Friday: Bernstein reiterates Nvidia’s outperform Bernstein said the firm will maintain its outperform rating on the maker of artificial intelligence processors. “NVDA (OP, $1,000): The data center opportunity is huge and still in its early stages, with material upside still possible.” Citi upgrades Cheesecake Factory to neutral acquisition Citi says it sees “unit growth The outlook is increasingly less risky.” “CAKE is better suited to higher-income customers than the average casual diner, especially for lower-income customers, where visits are more occasion-oriented.” Wedbush reiterates Apple outperform Wedbush (Wedbush) said it maintained its outperform rating on Apple stock. “We look forward to WWDC [Worldwide Developers Conference] Next month, we believe Apple will unveil its long-awaited AI strategy to its prime installed base and developer community at WWDC, starting with the new iPad series and then this fall’s iPhone 16, launching an AI-driven super cycle. Additionally, we believe PLTR is well-positioned to meet growing demand and further advance AI products. Cerence downgraded to equal weight from overweight Wells Fargo downgraded the artificial intelligence software company due to slowing sales. The CRNC has again revised its 2025 target, which is now about 35% below the original 22-year target. ” Bank of America’s acquisition of Apogee Therapeutics stated that this biotechnology company has first-class potential. “Apogee Therapeutics (APGE) is a clinical-stage biotechnology company developing long-acting biologics for the treatment of atopic dermatitis (AD), asthma and chronic obstructive pulmonary disease (COPD), three of the largest and most Vibrant I & I [immunology & inflammation] Stifel downgraded Planet Fitness to hold from buy. Stifel said Planet Fitness faces too much uncertainty. Despite strong first-quarter results and impending price gains, we decided to wait and see, downgrading our rating to Hold. This was the first time in a while that we actually brought our est. HSBC raised its rating on 3M to buy from hold. HSBC said 3M stock is attractive. We believe 3M remains a quality company at an attractive valuation. Brothers showing turnaround momentum Morgan Stanley upgraded TPG to overweight from equal weight In its upgrade to TPG, Morgan Stanley said it was bullish on the private equity firm’s stock. Strong Entry Opportunity Raymond James Upgrades HBT Financial to Outperform Raymond James said he is bullish on the bank holding company’s stock. . Foreground is centered. “We upgrade Bumble (BMBL) to Buy as we now have greater confidence that Bumble can meet or beat Wall Street expectations, which we believe will drive multiple expansions.” Bank of America upgraded Dominion to neutral from underperform Bank of America said the energy company’s shares have started to turn around. “We are upgrading Dominion Energy (D) to Neutral from Underperform. The upgrade follows D’s completion of a lengthy business review and restructuring process in early March, which saw the company divest non- core assets, strengthens its balance sheet, de-risks its offshore wind projects and streamlines its strategy Morgan Stanley upgrades Lear’s rating to overweight from equal weight Morgan Stanley lifts its rating on the automotive equipment company. The upgrade was due to “a combination of portfolio resilience, capital efficiency and valuation.” “Adapting to the decline of electric vehicles, upgrade LEA to overweight.” Morgan Stanley reiterates its overweight position in Tesla Morgan Stanley said it is anxiously awaiting the company’s shareholder vote on June 13. “We believe Tesla’s shareholder vote on June 13 is important for the company’s long-term strategic direction.” Barclays upgrades Relay Therapeutics to overweight from equal weight Barclays said the biotech company’s stock is attractive force. “We upgrade RLAY from EW to OW based on: 1) attractive catalyst path in 2H24, including high-impact data update on breast cancer; we see positive risk/reward – see detailed analysis and data preview, 2 ) Attractive Valuation. Oppenheimer Upgrades Array to Outperform from Common Stock Oppenheimer rates the solar technology company following Thursday’s earnings release “With ARRY delivering solid first quarter results and strong bookings while reaffirming 2024 guidance, we upgrade to OP with $20 PT. ” Guggenheim Reiterates Buy on Nike Guggenheim said buying footwear and apparel stocks remains the best idea. “We believe the company remains focused on expanding freshness and innovation and investing to realize its full potential, and We believe that Nike has the opportunity to drive long-term earnings growth. We maintain our buy rating and reiterate our $130 price target. Bank of America reiterates that we are bullish on Walmart’s earnings next week. “We believe WMT’s omni-channel transformation in the U.S. will continue to gain momentum and support more sustainable and predictable positive same-store sales and traffic for U.S. Supercenters, U.S. e-commerce and GMV [gross merchandise value] MoffettNathanson upgrades Roblox to neutral from sell Moffett upgraded the stock following Thursday’s sell-off. (Good), we are raising our rating on Roblox to Neutral.
