Here are the biggest calls on Wall Street on Thursday: Mizuho reiterates Tesla as outperform Mizuho lowered its price target on the stock but says it is sticking with shares of the automaker. “We reiterate our Outperform on TSLA but lower our PT to $375 (prior: $430), given shares are currently down ~52% vs. their 52-week high, implying a ~10.6x F26E P/S as we see TSLA remaining the leader in the US EV market, though we note potential share headwinds in the EU/China as competitors ramp production.” Oppenheimer upgrades Roblox to outperform from perform Oppenheimer says investor should buy the dip. “We are upgrading RBLX to Outperform with a $70 PT. We believe the recent pull back in the stock (down 24% from February 5 compared with NASDAQ down 13%) has created an excellent entry point for long-term investors.” Truist reiterates Amazon as buy The firm says it is cutting its price target but standing by the stock. “We’re reducing our estimates and PT to $230 from $265 for AMZN on tariff concerns, particularly with China which is now subject to 125% rate.” Roth MKM reiterates AST SpaceMobile as buy Roth MKM says the space satellite company is best positioned. ” ASTS is a satellite pioneer of direct-to-device (D2D) broadband cellular services that utilize existing mobile network operator (MNO) spectrum to deliver connectivity to a pre-existing base of 5.6B unique global smartphone users.” Bank of America upgrades Brookfield Asset Management to buy from neutral The firm says the asset manager is well positioned. “Brookfield Asset Management (BAM) has the #1 infrastructure business in the world and is building an insurance business that replicates the success of APO.” Morgan Stanley upgrades Carnival to equal weight from underweight The firm upgraded the stock as recession fears ease and it has a slew of new products coming. “We upgrade CCL to Equal-weight given the risk-reward skew now looks fairer and our Underweight thesis was based on a very different macro outlook.” Wedbush reiterates Microsoft as outperform Wedbush lowered its price target on the stock to $475 per share from $550. “We still maintain our OUTPERFORM and remain long term bullish on MSFT but unfortunately the tariff “game of poker” is adding a high level of near-term uncertainty to any company with supply chains/cost inputs around China and those tariffs remain very much on the table.” Bernstein reiterates Disney as outperform Bernstein says the stock has near-term concerns but that it is standing by it for the long term. “Disney is a complex story with constantly moving parts — Linear/Sports, Parks, and Streaming — each with significant gravity and complexity.” Goldman Sachs upgrades ArcelorMittal to buy from neutral Goldman Sachs says it sees margin expansion for the metals and mining company. “Our Commodities team’s expectation of declining iron ore and met coal prices due to oversupply, together with key cost inputs for MT, should provide cost support, aiding steel spreads/margins for MT even if headline steel prices do not increase.” Cantor Fitzgerald reiterates Nvidia as overweight Cantor Fitzgerald says the stock is defensive. “We view the AI bucket as still the best place to be long — where we think there is upside to CY25 consensus, particularly at NVDA , AVGO, and TSMC.” Goldman Sachs downgrades Ford to neutral from buy Goldman Sachs downgraded the stock on tariff concerns and valuation. “We downgrade Ford to Neutral from Buy to better reflect a more difficult cyclical dynamic including competition internationally, weaker consumer demand, and what we expect will be higher costs from tariffs.” UBS downgrades General Motors to neutral from buy The firm says it is concerned about the effect of tariffs. “We downgrade GM to Neutral from Buy and revise our price target to $51 from $64 reflecting lower earnings.” Wells Fargo upgrades Toast to overweight from equal weight Wells Fargo says the restaurant tech company is defensive. “We believe TOST’s valuation now underappreciates its incremental MT [medium term] growth opptys, namely enterprise, int’l and Food & Bev retail. Further, TOST’s defensiveness should stand out among the group in light of macro volatility.” Morgan Stanley upgrades AppLovin to overweight from equal weight Morgan Stanley says the ad tech company is executing. “APP is attracting new budgets to in-app advertising as it gains share and scales verticals like ecommerce. The key change is that we now see ad growth estimates as achievable.” Barclays upgrades Dahaner to overweight from equal weight Barclays says shares of the life sciences company are compelling at current levels. “And this defensive positioning in Biopro is why we U/G DHR to OW on the recent pullback. Valuation is still expensive, but not as offensive as it was 6 mos ago for the growth expected.” Morgan Stanley reiterates Apple as overweight The firm says it is sticking with the stock despite tariff headwinds. “With the largest base of pent up iPhone demand ever new AI features rolling out (slowly) around the world, and a renewed focus on device form factor changes, we believe Apple can accelerate iPhone growth starting in FY27, before replacement cycles contract in the 2 years thereafter…” Goldman Sachs reiterates Tesla as neutral Goldman Sachs cut its price target on the stock to $260 per share from $275. “For Tesla , we believe that weaker auto demand/consumer sentiment, tariff costs (including in Energy), and US EV policy risk are offset by longer-term potential from its AI related efforts;” Roth MKM upgrades Brown-Forman to buy from hold Roth says the “consumer/relative pricing backdrop is favorable for whiskey.” “With the recent volatility and encouraging reports regarding the EU no longer recommending tariffs on American Whiskey, we believe the opportunity to own Brown-Forman skews very favorably.” Benchmark upgrades Western Digital to buy from hold The firm says the stock’s valuation is compelling. “Besides valuation there are other reasons why we find the shares of Western Digital attractive: expected double digit y/y growth in data center spending by the major hyperscalers, the AI opportunity, and lower expected interest expense. As such, we are raising our rating to Buy with a $55 target price.” Bank of America upgrades Vale to buy from neutral The firm says shares of the metals and mining company are attractive. “We are upgrading Vale to Buy from Neutral, as after the recent pressure on shares post tariffs, Vale’s discounted valuation combined with its improved bottom-up story offer enough margin of safety to accommodate our more cautious iron ore view.” Bank of America upgrades Levi Strauss to buy from neutral Bank of America says the denim jeans company “checks a lot of positive boxes.” “We are upgrading LEVI to Buy; shares are down 38% from last year’s highs and we think the positives outweigh the incremental risks at 6x EV/EBITDA.” Raymond James initiates Apollo Global as strong buy Raymond James says it likes the investment firm’s growth profile. “We are initiating coverage of Apollo Global Management (APO) with a Strong Buy rating. We like its robust growth profile, operational advantages supported by scale, and excellent risk management. The dislocation in the stock, off (22)% year-to-date, appears to be a unique opportunity.” Raymond James upgrades Deckers to strong buy from outperform The firm says it sees a long runway for growth. “We upgrade DECK to Strong Buy from Outperform. We see a low bar, F4Q beat, in-line FY26 guidance. HOKA deceleration is known but long-term runway is significant and intact. UGG moderation already expected. Solid balance sheet, margins, FCF, buybacks.”
