Listed below are Friday’s greatest calls on Wall Road: Barclays reiterates Tesla as equal weight Barclays is sticking with its equal weight score heading into Tesla’s launch of its car supply numbers in early April. “We estimate 1Q deliveries in 420-425k models vary, beneath consensus 468k.” BTIG downgrades Papa John’s to impartial from purchase BTIG downgraded the pizza chain following the CEO’s departure. “We’re downgrading shares of Papa John’s to Impartial from Purchase following the departure of Rob Lynch as CEO, who’s taking the reins at Shake Shack (SHAK, Purchase, $120 PT) this spring.” UBS reiterates Nvidia as purchase UBS raised its worth goal on AI chip developer to $1,100 per share from $800. “Following the Blackwell launch and having attended a number of classes at GTC, we imagine NVDA sits on the cusp of a wholly new wave of demand from international enterprises and sovereigns — with every sovereign probably as large as a big U.S. cloud buyer.” Morgan Stanley reiterates Apple as chubby Morgan Stanley stated buyers can purchase the dip in shares of Apple following the Justice Division and states’ lawsuit. “We imagine the mkt is under-appreciating AAPL’s Edge AI initiatives, and see key catalysts forward, together with WWDC & an AI-driven iPhone improve cycle, which ought to greater than offset June Q est issues and the long-tailed DOJ lawsuit.” Goldman Sachs reiterates FedEx as purchase Goldman is standing by its purchase score on the in a single day delivery firm following Thursday’s earnings report. “Whereas there stays close to time period danger as we finish fiscal 2024, we proceed to favor FDX given their price takeout initiatives, along with the eventual return of volumes which ought to present one other lever of progress and value enchancment leverage over their community.” Goldman Sachs reiterates Arista as purchase Goldman raised its worth goal on the cloud networking inventory to $356 from $313. “Our elevated optimism is pushed by rising capex in 2024/25 from ANET Cloud Titan prospects Meta, Microsoft, and Oracle, which we imagine helps ANET’s 2024E income steering if ANET’s income from Meta & Microsoft as a % of capex is constant.” Truist reiterates Amazon as purchase Truist reiterated its purchase score on Amazon shares. “We stay constructive on AMZN with two weeks to go within the quarter, primarily based on our monitoring of a proxy for U.S. income progress and general optimistic market traits.” RBC downgrades Nike to sector carry out from outperform RBC downgraded Nike after its disappointing earnings report on Thursday. “No income progress in cal-2024 leaves little to play for; downgrade to Sector Carry out.” Morgan Stanley reiterates Alphabet as chubby Morgan Stanley believes shares of Alphabet stay undervalued. “GOOGL additionally trades at a 24% low cost to friends and 17% low cost vs [long term] common.” Citi initiates Talos Vitality as purchase Citi started analysis protection of Talos with a purchase and stated buyers can purchase the power firm after a latest decline. “We favor their prudent technique composed of a balanced mixture of acquisitional and natural progress with average operational upside; we view the continuation of this development as essential to stability the priority surrounding their comparatively small scale and comparably low reserve life.” JMP reiterates Coinbase as market outperform JMP is sticking with a market outperform score on the crypto inventory. “Coinbase is extra than simply an alternate, with momentum persevering with to construct in ancillary companies; we preserve our Market Outperform score and $300 worth goal.” JPMorgan downgrades Martin Marietta and Vulcan Supplies to impartial from chubby JPMorgan downgraded Martin Marietta Supplies and Vulcan Supplies , primarily on account of their valuations. “The sector is +21% YTD, outperforming the SPX by 11 [percentage points], and +29% since December 2023 and now leaving valuations stretched buying and selling above their 5Y + 1 [standard deviation] common, significantly for aggregates pure-plays.” Redburn Atlantic Equities upgrades Verizon to impartial from promote Redburn sees “enhancing subscriber traits” for Verizon. “We stay Sellers of AT & T and TMUS, however improve Verizon to Impartial given enhancing subscriber traits, publicity to falling charges and wholesome dividend cowl.” JPMorgan upgrades Greatest Purchase to chubby from impartial JPMorgan upgraded Greatest Purchase and raised its worth goal to $101 per share from $89. “Mentioned succinctly, we expect it is smart to probably be one to 2 quarters early on BBY given margin management/upside given computing traits may kick in throughout again to high school (July-Sept) with the relative valuation and margin flow-through indicating a spring-loaded inventory.” UBS upgrades Atlantica Sustainable to purchase from impartial UBS stated shares of the renewables firm are enticing. “We improve shares of AY from Impartial to Purchase.” Piper Sandler initiates Boston Beer as chubby Piper initiated the beverage firm with an chubby, saying it favors its pipeline of merchandise. “We provoke on SAM with an OW score and $350 worth goal. We anticipate Twisted Tea and Onerous Dew to drive top-line progress, with Onerous Mtn Dew prone to drive probably important upside vs. our estimates (and consensus), primarily based on its preliminary traction in restricted distribution.” KBW upgrades Banc of California to outperform from market carry out KBW stated buyers can purchase shares of the regional financial institution earlier than it is too late. “We’re transferring protection of BANC to Christopher McGratty and upgrading the shares to Outperform from Market Carry out beforehand.” Argus downgrades Pfizer to carry from purchase Argus stated in its downgrade of the drugmaker that it sees too many top-line headwinds. ” PFE faces near-term headwinds to top-line progress. It’s guiding to 2024 3%-5% income progress (ex. Covid merchandise and Seagen acquisition), down from 7% in 2023.” Janney upgrades Sunnova to purchase from impartial Janney says buyers can purchase the dip in shares of the photo voltaic firm. ” NOVA: Upgrading to BUY after Appreciable Weak point.” Citigroup upgrades Foot Locker to impartial from promote Citi stated the chance/reward is trying higher for shares of the shoe retailer. “Whereas FL has not had favorable allocation from NKE lately and there’s no assure FL will profit from NKE’s product pivot, there appears to be the next probability FL may see higher allocation.” Compass Level upgrades US Bancorp to purchase from impartial Compass Level stated it sees “notable upside” for shares of the Minneapolis-based financial institution. ” USB ought to profit from stable expense leverage in FY24, and mgmt. has levers to tug if wanted to make sure it might probably hit flat bills for the 12 months.” Wedbush reiterates Alphabet as outperform Wedbush added the inventory to its greatest concepts record. “We’re including Alphabet to the Wedbush Greatest Concepts Checklist (BIL) and are elevating our TP to $175 from $160.” TD Cowen upgrades Charles Schwab to outperform from market carry out TD Cowen upgraded Schwab and says it sees a “favorable inflection” level on the horizon. “We imagine the backdrop is incrementally extra conducive for the sector for [net interest margins], capital markets, with our newest EPS revisions at/above consensus principally.” Goldman Sachs upgrades Vesta to purchase from impartial Goldman is bullish on shares of the Mexican actual property firm. “We improve shares of Mexican industrial actual property developer Vesta to Purchase from Impartial with P$73 and US$42 PTs for VESTA.MX shares and VTMX ADRs, implying a +15% worth return.” Goldman Sachs initiates Veralto as purchase Goldman stated in its initiation of the water firm, spun off final 12 months from Danaher , that it likes Veralto’s pipeline of product choices. “High quality progress in water and product markets globally; provoke at Purchase.” Morgan Stanley reiterates Taiwan Semiconductor as chubby Morgan Stanley stated the semiconductor manufactuer is a key beneficiary of Apple’s AI push. ” TSMC the important thing enabler and beneficiary of Apple’s AI.”