Here are Thursday’s biggest calls on Wall Street: Piper Sandler upgrades Trupanion to overweight from neutral Piper sees a slew of positive catalysts ahead for the pet insurance company. “We are moving to Overweight from Neutral on TRUP as we not only see improving investor sentiment but a number of catalysts on the horizon.” BMO downgrades Electronic Arts to market perform from outperform BMO cited a lack of visibility following an earnings preannouncement. “Despite the increasing strategic market value of Interactive Entertainment assets, we are downgrading EA to Market Perform and reducing estimates and Target Price to $145.” Goldman Sachs reiterates Disney as buy Goldman called the company a “quality compounder” ahead of earnings in February. “We expect DIS to deliver an EPS beat in F1Q25 with EPS of $1.57.” Morgan Stanley upgrades Logitech to equal weight from underweight The firm said the stock is now “de-risked and de-rated.” “With our prior UW thesis having largely run its course, we are upgrading LOGI to Equal-weight.” KeyBanc upgrades Boot Barn to overweight from sector weight KeyBanc sees margin expansion ahead for the shoe company. “We are upgrading to Overweight and establishing a price target of $190, based on 23.9x 2026 EPS estimates. BOOT’s valuation is attractive given sustainable top-line growth and a path to clearer path to margin expansion, in our view.” Goldman Sachs reiterates Apple as buy Goldman lowered its price target on the stock to $280 per share from $286. “We are Buy-rated on AAPL as we believe that the market’s focus on slower product revenue growth masks the strength of the Apple ecosystem and associated revenue durability & visibility.” Morgan Stanley initiates Brookfield Corporation as overweight Morgan Stanley said the Canadian investment management company is too attractive to ignore. “We see compelling valuation & underappreciated franchise and growth at BN, parent of the Brookfield ecosystem.” Wolfe upgrades Netflix to outperform from peer perform Wolfe upgraded the stock following earnings on Tuesday. “We upgrade NFLX to Outperform, PT $1,100. Superior scale led to accelerating financial returns and expanding potential to capture the long-term TAM [ total addressable market].” Morgan Stanley reiterates Arm as buy The firm said the Arm is well positioned for the Stargate initiative. ” Arm stock saw a DD% [double digit] move yesterday following the announcement of the Stargate AI initiative.” Wells Fargo initiates Magnera Corporation as overweight Wells said shares are attractive of the specialty materials company. “We initiate coverage of MAGN with an OW rating and $22 PT.” Wedbush reiterates Palantir as outperform Wedbush said the company is well positioned to be the next Oracle or Salesforce. “We are raising our price target on Palantir from $75 to $90 as our recent checks and growing confidence in the company’s AI strategy is key to the bull thesis on Palantir for 2025.” Goldman Sachs initiates Guidewire Software as buy Goldman said it’s bullish on the software company. “We initiate coverage of Guidewire (GWRE) with a Buy-rating and 12-month price target of $210.” Bank of America reiterates Meta as buy The firm raised its price target on Meta to $710 per share from $660. “With a stable macro backdrop, a growing AI contribution to ad revenues, ramping messaging revenues, and continued cost discipline (recent headcount cuts), we remain positive on the stock in 2025.” JPMorgan downgrades Acushnet to underweight from neutral JPM downgraded the golf company mainly on valuation. “Multi-year, we see GOLF’s opex investment cycle as a constraint to the bottom-line translating to Flat EBITDA and Flat to LSD% [low single digits]EPS growth by our work despite ‘best-in- class’ brands (Titleist/FootJoy) with leading market share and a focus on the ‘dedicated’ golfer.” Loop reiterates Super Micro as buy Loop said it’s sticking with its buy rating on shares of the information tech AI company. “We’re raising our PT to $40 (from $35) and reiterating our Buy rating as SMCI remains an important company in an important space…” William Blair reiterates Nvidia as outperform The firm said it’s sticking with its outperform rating. “For example, Nvidia has seen exceptional growth in its data center business over the last few years, with 217% growth in fiscal 2024 alone, and 138% growth forecast in fiscal 2025.” Bank of America downgrades Electronics Arts to neutral from buy Bank of America said it sees share losses for the video game company. “We downgrade EA from Buy to Neutral as we are no longer confident that EA can gain enough share of player engagement & spend to drive meaningful growth in a struggling PC/Console game industry.” Piper Sandler downgrades Boston Beer to neutral from overweight The firm said it sees slowing growth for the company’s Hard Mountain Dew brand. “We update our model for a diminished outlook on Hard Mtn Dew, which we had expected to ramp up more quickly, and slower than expected sales growth on Twisted Tea. We had expected Hard Mtn Dew to drive incremental upside as it launched nationally, and it continues to ramp up in SAM’s distribution network, but success will likely take more time to build than we had expected.” Oppenheimer reiterates Tesla as perform The firm said it’s sticking with its perform rating on Tesla ahead of earnings later this month “As we lower estimates to reflect moderating US & EU demand, we remain cautious on TSLA’s underlying fundamentals and relative autonomous technology position.”
