Here are Thursday’s biggest calls on Wall Street: Barclays upgrades International Flavors to overweight from equal weight Barclays said it sees an attractive entry point for the fragrance company. “In the current market environment we think investors are looking for uncomplicated stories with limited downside risk to numbers. These two things are particularly hard to come by of late in our traditional Staples coverage, but we think IFF ticks both boxes.” Wedbush downgrades Uber to neutral from outperform Wedbush said it’s concerned that the company’s “beats” are in the “rear view mirror” following earnings on Wednesday. “Shares of UBER have appreciated considerably over the last few years, as the business model recovered postpandemic. Notably, in recent periods, the magnitude of beats versus estimates has contracted materially as performance has caught up to investor expectations.” RBC upgrades Mosaic to outperform from sector perform RBC said shares of the potash mining company are attractive. “We expect phosphate markets to remain tight given steady demand growth and limited supply, supporting elevated prices, while Mosaic trades at just 4-4.5x on forward 12-mo spot EBITDA.” JMP Citizens upgrades OppFi to market outperform from market perform The Wall Street firm said shares of the subprime lender are compelling. “We are becoming more constructive on shares of OppFi, the all-digital subprime lender, and upgrading our rating to Market Outperform and establishing a price target of $13.50.” Bank of America reiterates Nike as buy Bank of America said the shoe giant is “well-positioned to navigate tariffs.” “Nike has worked to reduce its China sourcing exposure since the tariffs in 2018, running scenario planning for months given the rising tensions.” Bernstein reiterates Nvidia as outperform Bernstein said Nvidia’s datacenter opportunity remains robust. “The datacenter opportunity is enormous, and still early, with material upside still possible.” Baird reiterates Apple as outperform Baird said it’s standing by shares of the tech giant. “Apple still benefits from a strong eco-system, strong cash flow and dominant high-end market position. We believe executing on AI will be critical to improving the investment narrative, and expect more at WWDC next month.” Morgan Stanley reiterates Disney as overweight Morgan Stanley said it’s sticking with the stock following earnings on Wednesday. “Looking ahead, the macro wall of worry remains but easing compares, two new cruise ships, and incremental investments in US parks attractions keep the potential intact for Disney’s Experiences segment to support FY26-FY27 double digit adj. EPS guidance – now off of a higher adj. EPS base in FY25.” BMO reiterates Netflix as outperform The firm said it’s bullish on Netflix’s new interface. ” Netflix announced a revamped UI [user interface] for TV and Mobile experiences. Integrating enhanced content recommendation and personal discovery into the core offering should reduce churn and improve engagement.” Wells Fargo reiterates Alphabet as overweight Wells said it expects Alphabet to move aggressively into AI search. “We believe the time to debate changes in search behavior has come to a close. Expect Google to more aggressively exploit its distribution advantage, pushing AI Search in the main search bar. Expect disruption to follow, but better sooner than later.” Bank of America reiterates Carvana as buy Bank of America says the online used car company is well positioned for growth following earnings on Wednesday. “With CVNA trading at 25x our 2026E EBITDA, we remain constructive on significant share gains in a low-penetration industry shifting Online, and improving convenience-factor with faster deliveries and better selection.” JPMorgan reiterates Arm as overweight JPMorgan said it’s sticking with Arm following earnings on Wednesday. “Our Overweight rating is based on Arm’s strong leadership profile in semiconductor compute architecture and it being well positioned to intercept the increasing demand for higher performance compute capabilities while optimizing for energy efficiency.” Morgan Stanley reiterates Alphabet as overweight The Wall Street firm said the time to buy Alphabet is “now.” “GOOGL sentiment has (again) troughed due to AI-disruption fears and more recently 1) 1Q:25 decelerating paid click growth and 2) today’s press reports of Apple talking with other partners (OpenAI, Perplexity AI) to power its next generation “search” and also revealing that searches on the Safari browser dropped for the first time in April.” Deutsche Bank downgrades Coty to hold from buy Deutsche said it sees too many negative catalysts for the beauty company following earnings. “While we believe that COTY is generally prioritizing the right initiatives in a difficult operating environment, we downgrade the stock to Hold following FY3Q25 results —acknowledging recent underperformance and arguably depressed valuation, but seeing slower category growth trends, particularly in the US.” Bernstein downgrades Hain Celestial to market perform from outperform Bernstein said it’s concerned about the “abrupt” CEO change. “We are downgrading HAIN from Outperform to Market-Perform since the abrupt CEO transition, announcement of a strategic review of the portfolio, disappointing results and guide down, and adjustment to the company’s credit agreement suggest that it will be some time before the company is on a firmer footing.” Bank of America upgrades Bradesco to buy from neutral The firm said shares of the Brazilian bank are attractive. “We upgrade Bradesco to Buy from Neutral following the release of better-than-expected 1Q25 results and stock underperformance YTD.” Bank of America upgrades National Vision to buy from underperform Bank of America said the eyewear company’s strategic initiatives are working. “We upgrade National Vision (EYE) to Buy from Underperform given multiple signs that EYE’s strategic initiatives (begun in 4Q24) are working.” Bank of America downgrades Archer-Daniels-Midland to underperform from neutral Bank of America said the agribusiness company’s earnings headwinds were worse than expected. ” ADM’s 1Q results offered investors some relief, with management maintaining its ’25 EPS guide of $4.00-4.75, albeit expecting earnings at the low-end of the range.”
