Here are the biggest calls on Wall Street on Friday: Piper Sandler reiterates Palantir as overweight Piper Sandler says the stock is too attractive to ignore. “No doubt, PLTR carries a rich valuation premium and remains a high risk investment, but it also has a one-of-a-kind growth + margin model that if proven durable could grow into a $24B run-rate by CY32E via share gains across two $1+ trillion TAMs.” Read more. Mizuho upgrades Global Payments to outperform from neutral Mizuho says the payments company is poised for a “re-rating.” ” GPN trades 6-7x P/E turns below historical averages vs. peers. We see a confluence of factors that could drive a re-rating.” Oppenheimer upgrades Carvana to outperform from perform Oppenheimer says the stock is a “unique, digitally driven disruptor.” “We lift our rating on Carvana to Outperform (from Perform) and establish a 12-18 month price target for shares of $450.” Read more. Stifel downgrades Henry Schein to hold from buy Stifel said in its downgrade of Henry Schein that it is concerned about share losses for the dental equipment company. “Our Hold rating is predicated on our diligence, which suggests ongoing share shift from traditional distributors to online vendors (i.e. Amazon) is poised to continue for the foreseeable future.” William Blair downgrades Ameriprise Financial to market perform from outperform William Blair says it sees slowing growth for the financial services company. “We are downgrading Ameriprise to Market Perform from Outperform due to moderating earnings growth prospects.” JPMorgan upgrades Estée Lauder to overweight from neutral and downgrades Procter & Gamble to neutral from overweight The firm says it is bullish ahead of Estée Lauder earnings in August. JPMorgan also downgraded Procter & Gamble due to slowing growth. “We are also placing EL on Positive Catalyst Watch as we believe EL will deliver at the top of their guide given the better than feared 6.18 event and better performance online. … we are taking a pause on PG as we expect another lackluster quarter and normalization of category growth.” Read more. Citi reinstates Hewlett Packard Enterprise as buy Citi resumed coverage of the stock and says it is attractive. “Our Buy rating reflects our view that the Juniper acquisition favorably positions HPE to benefit from secular AI/enterprise networking and edge compute growth drivers, which is estimated to grow 7% CAGR.” Bank of America upgrades Tractor Supply to buy from underperform The firm says it sees strong growth momentum for the farm supply company. “We upgrade TSCO to Buy from Underperform and raise our PO from $53 to $70 now based on 29x (22x prior) our 2026E EPS of $2.40 (was 2.33).” UBS reiterates Intel as neutral UBS called Intel’s earnings report on Thursday a “bit better” but says it is sticking with its neutral rating. “But stocks have to be supported by earnings and it will take a long time to turn around the product roadmap – especially in server – and even with costs coming down, it is hard to see enough EPS power to get us excited.” Wedbush reiterates Microsoft as outperform Wedbush says it is bullish on the stock heading into Microsoft earnings on July 30. “We are expecting more good news next week from Redmond as we believe Nadella & Co. will deliver another robust quarter on Wednesday after the bell driven by the AI Revolution with all the Street and tech world watching closely.” UBS upgrades Nasdaq to buy from neutral UBS says it sees robust execution for the stock listing company. “We are upgrading NDAQ to Buy from Neutral. While the stock has already recovered nicely from the April lows, strong execution and peer-group leading solutions growth (we forecast 9.4% this year) create a path for valuation to move closer to information services peers, which had been our thesis in the past.” Evercore ISI downgrades Dow to in-line from outperform Evercore ISI downgraded Dow following earnings. “Dividend cut adds flexibility, but shifts focus to sustainability of the lackluster outlook and lack of visibility on recovery. We are late but marking-to-market rating and cutting PT to $32/shr.” JPMorgan reiterates Nvidia as overweight The firm says the stock remains a top pick in AI networking. “Overall, we believe Broadcom, NVIDIA, Astera Labs, and Marvell are all expected to benefit from the incremental SAM [segment anything model] opportunity in scale-up networking. The strong growth in the scale-up network should represent a strong revenue tailwind over the coming years.” JPMorgan reiterates Apple as overweight JPMorgan says it is sticking with the stock ahead of earnings on July 31. “The setup for AAPL shares on a near-term basis is better than imagined, considering the backdrop of headwinds such as concerns around moderation in iPhone demand following consumer pull-forward benefits in 1H25…” Citi downgrades Deutsche Bank to sell from neutral Citi downgraded Deutsche Bank following disappointing earnings. “With the share price up strongly on what we thought were an average set of results and limited evidence of revenue progression in Corporate & Private Bank, we downgrade to Sell/High Risk.” Loop downgrades Ulta to hold from buy Loop downgraded the stock mainly on valuation. “We are downgrading Ulta Beauty to a Hold from a Buy rating while maintaining our $510 price target.” Susquehanna reiterates DraftKings as positive Susquehanna says shares of DraftKings have more room to run. “We reiterate our Positive rating, raised our estimates, and increased our PT to $60 from both higher estimates and higher trading multiples for its comp average (from $52).” Wolfe upgrades Kinder Morgan to outperform from peer perform Wolfe upgraded the energy infrastructure stock and says the growth inflection is “real.” “We upgrade KMI to Outperform for the first time in 8 years.” Raymond James upgrades MSCI to outperform from market perform Raymond James says investors should buy the dip in the finance company. “In addition, the long-standing shift towards passive investment vehicles continues to benefit MSCI. As a result, we believe the stock’s current valuation creates an attractive entry point and risk/reward.” Oppenheimer reiterates Roblox as outperform The firm raised its price target on Roblox to $133 per share from $125. “We believe the company’s value proposition to users is compelling, and that Roblox will continue to effectively engage and retain users at massive scale and at a faster pace than video game industry growth.”
