Here are the biggest calls on Wall Street on Friday: Goldman Sachs reiterates Nike as buy Goldman says Nike’s earnings report on Thursday provided “fodder” for bulls and bears but that it’s ultimately sticking with the stock. “We remain constructive on the stock but acknowledge the company is early in its turnaround journey.” JPMorgan reiterates Apple as overweight JPMorgan called Apple “defensive” and says it has “cyclical drivers.” “We expect product cycle drivers in the form of iPhone 16E as well as iPad and Mac refreshes to support upside and/or resilience to revenue and earnings, in contrast to the negative sentiment recently relative to delays in AI Siri launches, which are less impactful to near- to medium-term estimates.” Goldman Sachs reiterates FedEx as buy Goldman says it’s sticking with the stock following earnings on Thursday. “While near term economic and policy uncertainty could continue to impact FDX and the transports at large with respect to their ability to gain traction in the market – we continue to look to FDX to drive idiosyncratic cost takeout and operational improvement, as well as eventually deliver on an LTL [less than truckload] spin-off as previously announced.” JPMorgan upgrades Super Micro to neutral from underweight JPMorgan upgraded the AI chip company and says it’s starting to move past recent challenges. “We are upgrading shares of Super Micro to Neutral from Underweight prior as the company has cycled past the uncertainty in relation to pending SEC filings and is on the cusp of benefitting from ramp in Blackwell based server shipments which are already seeing materially higher demand than prior generation, with additional benefit to revenue growth from higher ASPs [average selling prices]. Read more about this call here . Goldman Sachs upgrades Adaptive Biotechnologies to buy from neutral Goldman says the biotech company is “well positioned to benefit from its attractive economics in the company’s niche in hematologic cancers.” “Additionally, we have become increasingly positive on the MRD [minimal residual disease] space and believe ADPT is well positioned to benefit from its attractive economics in the company’s niche in hematologic cancers.” Morgan Stanley reiterates Tesla as overweight The firm lowered its price target on the stock on Thursday night to $410 per share from $430 and says Tesla still remains a top idea. “We reiterate our view that while Tesla’s YTD auto deliveries have been mostly below expectations, it is not particularly narrative changing for our investment thesis.” Read more about this call here. UBS reiterates Nvidia as buy UBS said Nvidia is well positioned for AI exciting its Global AI Conference earlier this week. “We have long viewed sovereign AI as an underappreciated driver of demand for AI infrastructure, and our sense coming out of this summit is that there is a long runway of AI infrastructure development ahead.” KeyBanc upgrades Celanese to overweight from sector weight Key says the specialty materials company is a beneficiary of peace in Ukraine. “Lastly, CE would be a major beneficiary from a potential peace in Ukraine, and better demand in China due to recent government stimulus. We admit the likelihood of these two events remains uncertain.” Goldman Sachs upgrades Danaher to buy from neutral Goldman upgraded the life sciences and diagnostics conglomerate and says the stock’s valuation is too attractive to ignore. “We are upgrading DHR to Buy from Neutral, with a refreshed view following our Dec 7th ’23 DHR downgrade on the back of rich valuation and ’24 and ’25 consensus earnings expectations which we believed were too high at the time.” Read more about this call here . Morgan Stanley upgrades Norwegian to equal weight from underweight Morgan Stanley said in its upgrade of Norwegian Cruise Line that it sees a more balanced risk/reward for the cruise company. “We are upgrading the stock to EW as our main thesis around not being able to narrow its net cruise costs (relative to Net Yields) has played out and driven the relative underperformance albeit amidst a market correction.” Deutsche Bank reiterates Starbucks as buy The firm says its analysis indicates Starbucks’ prices are high but not unreasonably so and shares should continue to grind higher. “While we recognize concerns that Starbucks is expensive, specialty coffee overall is expensive, and despite that, the market has been growing at an ~8% CAGR over the last decade, supporting our view that there is strong underlying demand for away-from-home coffee.” Jefferies reiterates Netflix as buy Jefferies says the stock remains well positioned as “engagements” are rising. “NFLX grew web visits ~17% y/y in Jan, this dropped to a decline of ~4% in Feb ’25. In our view, this was to be expected coming off a strong content slate (Squid Game, The Night Agent, NFL). Despite the lower volume of visits, NFLX ranked 3rd in growth of duration on site.” Loop downgrades FedEx to sell from hold Loop downgraded the stock following earnings on Thursday citing tariff risk. “Firstly, on April 2nd the Trump Administration is scheduled to unveil its comprehensive tariff strategy for global trade and, like it or not, FedEx’s brand is synonymous with global trade. Secondly, with economists ratcheting up US recession risk, be aware that FedEx is a really bad recession stock because thin Express margins amplify the earnings hit whenever there’s pressure on the top line.” Read more about this call here . DA Davidson upgrades AutoZone to buy from neutral DA Davidson says AutoZone is defensive. “We are upgrading to BUY for four reasons including (1) investor flight to quality, (2) defensive positioning, (3) inflation / tariff beneficiary, and (4) commercial market share gains.” Wells Fargo reiterates Micron as overweight The firm says Micron remains a top pick with strong demand following earnings on Thursday. “We think MU should trade higher as we see investor sentiment shift to focus on path to $11/sh+ EPS.”
