Here are Friday’s biggest calls on Wall Street: TD Cowen upgrades Diageo to buy from hold TD Cowen said the “tide is turning” for beverage company Diageo. “Valuation dislocation creates an attractive entry, with CEO-led cost cuts and reinvestment expected to restore growth and improve commercial execution.” Stephens initiates James Hardie as overweight Stephens called the fiber cement company “high-quality.” “We are initiating coverage of JHX with an OW rating and a $31 price target. JHX is the leading manufacturer of premium fiber cement siding, and following the merger with AZEK, JHX is also the second-largest manufacturer of composite decking.” Stephens initiates Granite as overweight Stephens said the civil construction company is firing on all cylinders. “We are initiating coverage of GVA with an OW rating and a $180 price target. GVA i s a leader in construction services and civil contracting, and a producer of aggregates and asphalt in select markets.” Mizuho reiterates Nvidia as outperform Mizuho said it’s sticking with Nvidia shares. “We se e NVDA r emaining the leader in the AI training and inference chips for Data Center applications.” Morgan Stanley reiterates Apple as overweight Morgan Stanley said it sees “earnings upside” for Apple. ” Apple’s 15-25% price hike for Mac, iPad, etc. underscores an unprecedented push to protect margins amidst record memory inflation. Timing/magnitude are pressuring sentiment, but ecosystem lock-in, financing options, and relatively inelastic demand could support revenue and earnings upside.” Goldman Sachs initiates Penn Gaming & Red Rock Resorts as buy Goldman initiating several gaming and leisure companies with a buy and says the stocks are “compelling.” “We see PENN as one of the most compelling risk/rewards in the gaming sector, with its regional business at an inflection point… RRR – The bottom line is we believe that RRR is a compelling 2027 earnings story and a key inflection year, with the two-fold benefit of lapping disruption headwinds from 2026 and harvesting the growth investments from RRR’s five latest projects.” Keybanc downgrades Nike to sector weight from overweight KeyBanc said the turnaround is taking longer than expected. “We are downgrading NKE to Sector Weight and reducing estimates slightly for FY27, which imply modestly higher China/EMEA headwinds than we had initially forecasted.” Read more. BMO upgrades AMH to outperform from market perform BMO said the housing company has “geographic diversity.” “We upgrade AMH to Outperform; maintain $39/sh target” Piper Sandler upgrades Crocs to overweight from neutral Piper said the stock is cheap. “We upgrade CROX to Overweight with $150 PT. Crocs North America DTC inflected to MSD [mid single digits] in 1Q26 (best since 2Q24), and compares ease remainder of the year, Heydude is seeing green shoots in DTC, EPS est. are upwardly biased, and while the stock is up off the lows, valuation is still inexpensive at 8x PE.” Citi initiates Belden as buy Citi said the electronic connecting manufacturer is compelling for long-term investors. “We view BDC as poised for sustainable earnings growth as the company pivots toward a ‘solutions-based’ go-to-market strategy, which is unlocking larger order sizes, deeper customer engagement, and a favorable mix of margin accretive ‘active’ products, supporting BDC’s 10%-12% EPS CAGR potential.” RBC upgrades American Tower to outperform from sector perform RBC said the cell tower company is a new top idea. “Our view: Despite headwinds from rising interest rate expectations and the apparent unwind of the LEO bull thesis, we are upgrading AMT to Outperform based on 1) superior organic revenue growth vs. peers and 2) favorable trends at CoreSite, for which we now assign a higher target multiple” Evercore ISI upgrades Americold Realty Trust to outperform from in line Evercore said fundamentals are improving for the cold storage company. “We are upgrading cold storage REIT Americold to Outperform from In Line and increasing our price target from $17 to $18, implying an attractive total return potential of > 25%.” Deutsche Bank reiterates Microsoft as buy Deutsche said Microsoft is underappreciated. “We are planting our flag and affirming that current AI businesses across the cloud providers we cover are indeed value creative and based on current economics in the market constitute a sustainable commercial foundation.” Citi upgrades Allegiant to buy from neutral Citi said it likes the combo of Allegiant and Sun Country. ” ALGT/ SNCY merger may be one of the best deals in the industry’s history given strong synergies: Establishing new high-on-the-street 2027/2028 EPS estimates for ALGT and upgrading to Buy/High Risk.” Needham upgrades Barnes & Noble Education to buy from hold Needham said the company has a “stable balance sheet.” “We are upgrading BNED to Buy and establishing a $16 PT following the company’s investor day in which mgmt reintroduced itself to investors, highlighting a strong balance sheet and a multi-lever strategy for profitable growth.” Needham initiates Nu Holdings as hold Needham said the LatAm fintech company is firing on all cylinders. “We are initiating coverage of Nu Holdings ( NU) with a BUY rating and a $17 price target. NU operates as a neobank and digital lending platform with a heavy focus in Brazil.” Piper Sandler initiates Connect Biopharma as overweight Piper said shares of the biotech company have more room to run. “We are initiating coverage of Connect Biopharma (CNTB) with an Overweight rating and a $7 PT…” BTIG initiates Robinhood as buy BTIG said the company is “built to compound.” “We are initiating coverage of Robinhood (HOOD) with a Buy rating and $125 price target.” Read more. JPMorgan upgrades H.B. Fuller to overweight from neutral JPMorgan said it sees plenty of tailwinds for the specialty chemicals company. “Fuller is growing its adjusted EBITDA through higher prices and positive currency effects in a flat to lower volume environment.” Wedbush initiates Infleqtion as outperform Wedbush said the company is the “only publicly traded neutral-atom pure-play.” “We initiate coverage of Infleqtion with an OUTPERFORM rating and a $20 price target. INFQ is the only company commercializing the entire neutral-atom stack across computing, sensing, and software from one shared technology core, and the only publicly traded neutral-atom pure-play. Morgan Stanley reiterates Tesla as equal weight The firm said it expects robust delivery numbers from Tesla next week. “We are increasing our 2Q Tesla delivery estimates to 413K units, from 373K, supported by stronger regional sales trends.” RBC initiates Honeywell Aerospace as outperform RBC said it sees top line growth for the aerospace company. “We are initiating coverage of Honeywell Aerospace (HONA) with an Outperform rating and a $300 price target.” Rothschild & Co Redburn initiates Mosaic as buy The firm said the phosphate and fertilizer company has plenty of upside. “We launch coverage of Mosaic with a Buy recommendation and a $30 price target (PT), implying c40% upside potential.” Baird initiates Faeth Therapeutics as outperform Baird said the biotech company has a robust pipeline. “Initiating coverage of Faeth Therapeutics (FTH) with an Outperform rating and $57 price target. Raymond James initiates Primis Financial as strong buy Raymond James called the banking company “unique.” ” Primis Financial Corp . is a unique Virginia banking franchise, anchored by a community bank core and complemented by national mortgage warehouse and healthcare banking platforms that are both largely funded by the bank’s national digital deposit platform.” Jefferies upgrades FuelCell to buy from hold Jefferies said it has great visibility for the clean energy company. “We upgra de FCEL to Buy from Hold and raise PT to $24, reflecting the first contracted order tied to US data center power via Fit Energy, an energy infra platform and continued expected pipeline conversion momentum.” Argus initiates SpaceX as hold Argus said shares are overvalued right now. “We are initiating coverage of Space Exploration Technologies Corp. (SpaceX) ( NasdaqGS: SPCX) with a HOLD rating..”
Friday stocks by analyst calls like SpaceX
