Here are the biggest calls on Wall Street on Thursday:
The firm says shares are “shares are poised to ‘Excel’ given Microsoft’s position as
a leading horseman of the AI revolution....”
“We have initiated coverage on the common shares of Microsoft Corporation (MSFT or Microsoft) with a Sector Outperform rating and a one-year target of $470 per share.”
Piper lowered its price target on the stock to $450 per share from $500 but says it’s standing by the stock.
“Yes, TSLA is still Overweight rated. The drama is nothing new (and neither is the volatility) — it’s just that the stakes are higher.”
UBS says the airline is making meaningful changes to its business structure.
“We are upgrading LUV from Sell to Neutral because we believe their increasingly assertive changes raise the potential for improving financial performance despite the weaker cyclical backdrop facing the airlines currently.”
The firm says buy the dip in shares of the Mediterranean Greek franchise restaurant.
“CAVA has significant US white space for expansion from its already multi-market success, is generating FCF unusually early, and has considerable near-term operational and brand initiatives to drive both sales and profits.”
Citizens says it sees a $1 trillion total addressable market opportunity with Amazon in used cars.
“Amazon.com, Inc. potentially entering the used car market makes sense to us following its recent entry into new vehicle sales and existing partnership with ACV Auctions.”
RBC said in its upgrade of Equifax that the credit bureau company has “mortgage recovery, AI integration, and expanded margins fueling future gains.”
“A potential mortgage recovery coupled with FICO price increases should spur accelerated revenue growth.”
JPMorgan says it sees a slew of positive catalysts for the paper producer.
“We initiate on IP with an OW rating and place them on +CW ahead of their CMD [capital markets day] (25th March).”
Morgan Stanley says the biotech company is well positioned.
“We initiate coverage of CLDX with an OW rating and a $46 price target.”
JPMorgan said it sees an attractive “risk/reward skewed to [the] upside on tariff risk and global supply challenges” for the mining company.
“We upgrade Freeport to Overweight with Dec-25 $52 PT for ~30% implied upside, reflecting our view that tariff risk is likely to maintain premium pricing for the company’s US-based footprint for the foreseeable future, coupled with our expectation of L-T supply challenges supportive of a favorable through-cycle pricing environment for the industry.”
In a recap note following a Q&A with CEO Jensen Huang at the company’s Global AI Conference, the firm says Nvidia provided better visibility for investors.
“Nvidia made a compelling case as to why efficiencies that have made the market skittish in recent weeks should drive higher demand over time. ... .Physical AI is starting to feel more tangible, with a notable rate of change around robotics.”
Piper says investors should buy the dip in the online used car company.
“We would use the recent sell-off to accumulate CVNA shares.”
Piper says there’s too much uncertainty right now over issues like tariffs and that investors should own used car company stocks over automakers.
’For most stocks in the car manufacturing supply chain, there’s too much political uncertainty to make actionable recommendations. ... .If the companies themselves don’t know where — or whether — to deploy capital, then we don’t think investors should, either. We’re downgrading both STLA and RIVN from Overweight to Neutral, but in the case of RIVN, we agonized over the decision.
Citi said in its upgrade of Coty that shares of the beauty company are undervalued.
“We see attractive medium-term category growth in the ~3-7% range over the medium-term for COTY. While reported topline is likely to be below those rates in 2H25 and 1H26 on retailer inventory reductions, we see a potential for re-acceleration throughout FY26.”
Citi says it sees volume and top-line growth improving for the beverage company.
“We also see an opportunity for GM [gross margin] to recover to high-40s% driven by SAM’s initiatives.”
UBS said it sees margin visibility improving for the retailer.
“Over the past several quarters, we’ve acknowledged that WSM has invalidated several points of our cautious thesis on the stock. It has demonstrated that the transition to a full-priced operating model is improving the durability of its margin profile.”
Wells says it sees a “favorable growth outlook” for shares of the private equity company.
“Unclear if the knife has hit the floor yet, and if the very next move is up or down. Still,upside potential is too compelling to pass up as KKR now has “room to run”. We see catalysts emerging & environmental headwinds as manageable. Upgrade to OW.”
The firm says it’s sticking with the stock following positive commentary at an investor conference.
“The update from Boeing CFO Brian West at an investor conference yesterday supported our sense that the company is making good operational progress, which in our opinion is what matters most by far. Much work remains, but the positive stock reaction to yesterday’s appearance makes sense to us and we can envision continued strength.”
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