Here are Friday’s biggest calls on Wall Street:
Cantor said in its initiation of Planet Labs it’s bullish on the satellite imaging company.
“AI-derived data price accretion, acceleration of defense/climate threats drives growth, margins.”
Oppenheimer said the restaurant payment tech company is well positioned.
“Initiate coverage of Toast, Inc. (TOST) with an Outperform rating and $46 PT, offering 15% upside potential.”
RBC said it’s standing by Tesla heading into earnings next week.
“Post election, shares are up over 70%, but we do forecast 20.5% Auto gross margins for ’25 vs consensus’ 19%. We think Reg credits will be stronger than consensus is modeling, as will Energy Storage Revenues.”
The firm lowered its price target on the stock to $253 per share from $256 ahead of Apple earnings on January 30.
“We expect a strong report driven by initial demand for the iPhone 16.”
Berenberg said it sees earnings growth acceleration for the paint company.
“We expect Sherwin-Williams to quickly seize on this opportunity and accelerate its market share gains.”
Piper upgraded the insurance stock following earnings.
“We are upgrading Travelers (TRV) to Overweight from Neutral. After a careful review, we are responding to Travelers’ report of stronger-than-expected 4Q24 results and increasing our EPS estimates.”
Citi said the software company has a “differentiated” offering.
“New Leadership brings the right tools to re-capture differentiation — DOCN operates in the highly fragmented and commoditized cloud hosting infrastructure space where the incremental differentiation/competitive edge comes via product portfolio depth and customer engagement efforts/brand awareness.”
Citi said the grocery chain is a “self-help” story.
“We are reinstating coverage of ACI with a Buy rating and $26 TP following a period of restriction due to the previously announced (and now blocked) merger between ACI and KR.”
The firm said the stock is a beneficiary of the Stargate initiative.
“Potential Tailwind for NVDA, CRDO, AVGO, MU and ARM if Consummated.”
Baird upgraded the cloud communications company following its investor day.
“Yesterday we attended TWLO’s investor day and driven by the pre-released Q4 upside and broad-based strength, came away more confident in the company’s ability to continue to drive double-digit revenue growth and further upside to guidance and estimates.”
TD Cowen said it sees some bumps in the road for Microsoft earnings next week but says it’s standing by the stock.
“Layer in DecQ being a deceleration qtr, likelihood of new FX headwinds in ests and increasing gross margin contraction, and there are some bumps in the road to get through.”
Bernstein upgraded the stock following earnings earlier this week.
“There are more questions than answers about the key drivers of long-term growth for Netflix (e.g., sports, advertising, gaming (?)), but what we do know gives us sufficient confidence for a much-delayed upgrade, even at the current price point.”
Jefferies upgraded the steel company following earnings.
“On the call, management emphasized its near-term focus is to execute on the ramp-up of its organic growth, of which funding is largely complete, rather than the aggressive pursuit of new growth options. In light of both earnings and FCF likely rising from the contribution of these projects, we upgrade STLD to BUY and raise our 12-month target to $145/sh.”
Barclays said the company is “rejuvenated.”
“We upgrade Air Products to Overweight and raise our PT to $365. We view Air Products as a leading producer in a quality industrial gas industry, with a solid, cash-generative base business and a re-focused mandate on the core business.”
RBC said it’s “getting constructive” on the auto supplier.
“Magna specifically should benefit from easy comps, and we expect guidance to come in above consensus levels.”
Bank of America called the infrastructure company a “consistent outperformer.”
“We initiate coverage of Quanta Services Inc. (PWR), the leading NA utility infrastructure services company with a Buy rating and $407 price objective.”
The firm said the autonomous driving company is best positioned for gains ahead.
“WeRide is a leading global autonomous driving (AD) company that develops AD technologies from Level 2 to Level 4 for a wide range of use cases, including ADAS solutions, robobus, robosweeper, robovan and robotaxi.”
JPM said the owner or brands like Tommy Hilfiger is seeing rising competition.
“While we see multi-year brand ‘unlock’ underway with the new leadership team focused on driving increased desirability of the Calvin Klein and Tommy Hilfiger brands through improved product design & marketing, we see an elongated path to reaching management’s Mid-Teens operating margin target...”
The stock’s sell-off is overdone, according to the firm. The company is the owner of brands like Burger King.
“We are trimming our 2025/2026 EPS for Restaurant Brands Int’l to $3.63/ $3.85 from $3.72/$4.00. But we are also upgrading RBI to Buy from Neutral as we think the substantial recent pressure on the stock has become overblown.”
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.