Here are Friday’s biggest calls on Wall Street: Bank of America upgrades PagSeguro to buy from neutral Bank of America said in its upgrade of PagSeguro that the LatAm payment processor is attractive. “We upgrade the stock to Buy (from Neutral) as we find valuation attractive at 6.5x P/E, while we expect EPS CAGR of 15%.” BMO downgrades UPS to market perform from outperform BMO said it sees too many negative catalysts for UPS. “A recovery in demand remains elusive, particularly in the important B2B [business to business] segment. Macro challenges have been further heightened by shifting U.S. trade policies, including the ending of de minimis exemptions.” Citi downgrades Intel to sell from neutral Citi downgraded the stock following its agreement with Nvidia on Thursday. “We downgrade Intel from Neutral to Sell due to Intel’s valuation and our belief that the stock is pricing in success in its leading-edge foundry business, which we believe has minimal chance to succeed.” Barclays reiterates Micron as overweight Barclays raised its price target on the stock to $175 per share from $140 ahead of earnings on Sept. 23. “We think MU will put up results modestly ahead of the pre-announce midpoint and guide materially stronger on the back of NAND volume/ASP [average selling price]. Barclays initiates Waste Management as overweight The firm said shares of the garbage company have plenty more room to run. “Waste Management — Overweight, $272 PT: Strong core performance, synergy realization from Stericycle, and potential return to buybacks support valuation upside.” Berenberg upgrades Stellantis to buy from hold Berenberg said the narrative is improving for the European automaker. “We upgrade Stellantis to Buy. The narrative is clearly improving on the back of a much better inventory situation in the US and upcoming product momentum, which should now secure gradual earnings improvements.” Roth initiates Beauty Health as buy Roth said the beauty stock is a turnaround story. “We are initiating coverage of SKIN with a Buy rating and $3.50 price target.” Baird upgrades Tesla to outperform from neutral Baird said it sees a “physical AI inflection ahead” for Tesla. “Upgrading to Outperform and launching our ‘pay package’ model. Relatively muted stock reactions following a series of less than stellar quarters and investor inbounds regarding long-term initiatives lead us to believe focus has increasingly shifted to the future for TSLA. ” Loop initiates CoreWeave as buy Loop said it is bullish on shares of CoreWeave. “We view CRWV as the largest of a handful of ‘Neoclouds’ that are in real-time being invited into a ‘Cool Kids Club’ by NVDA, the Hyperscalers, and major AI Labs (including frontier model builders).” Morgan Stanley upgrades Lincoln National to overweight from equal weight Morgan Stanley said the stock is a turnaround story. “Lincoln’s turnaround remains firmly on track as the company shifts to a more capital light business mix, delivering steady, profitable earnings growth and maintaining strong capital levels.” Morgan Stanley upgrades Klaviyo to overweight from equal weight The firm said the marketing automation company is best positioned for growth. “We see Klaviyo positioned to sustain durable 20%+ growth as its market opportunity expands from email marketing to a broader CRM [customer relationship management] platform for B2C [business to consumer] businesses.” JPMorgan reiterates Apple as overweight JPMorgan raised its price target on Apple to $280 per share from $255. “iPhone 17 series has been available to consumers for a few days now and early demand indications are outlining the opportunity for the volume cycle to not only track higher than our initial expectations (which incorporated concerns around digestion following a pull-forward in iPhone 16 series), but also upside to iPhone 16 series volumes on a y/y basis.” Piper Sandler downgrades MetLife to neutral from overweight Piper Sandler downgraded the stock mainly on valuation. “We are reducing our rating on shares of MET to N from OW as shares approach fair value, in our opinion, with shares now trading at less than 10% from our $84 price target.” BMO initiates Kinder Morgan and Williams Companies as outperform The firm said both energy companies have “positive global power demand tailwinds.” “We start coverage with sector leaders WMB at Outperform ($66 target), KMI at Outperform ($32 target)…” Benchmark upgrades Intel to buy from hold The firm said investors should buy the dip on any share weakness of Intel following its deal with Nvidia on Thursday. “Although we expect near-term volatility following yesterday’s strong move, we recommend fundamental investors use any share price weakness as an opportunity to build long-term positions.” Deutsche Bank reiterates Toast as buy Deutsche Bank called the restaurant fintech company a “winner.” “While we expect some choppiness in trading in the near-term as investors continue to debate TAM saturation/’low-calorie’ adds, we continue to see TOST as one of the truly differentiated offerings in our coverage and as a clear long-term winner in fintech.” Truist upgrades Bill.com Holdings to buy from hold Truist said it sees upside to revenue growth. “We believe it is the right time to get bullish on BILL and in this note we upgrade the stock to Buy from Hold while increasing our price target to $63 (+20% potential upside from yesterday’s close) from $50 previously.” Loop upgrades SiteOne Landscape Supply to buy from hold Loop said the landscape supply company is a turnaround story. “We are upgrading SITE to Buy from a Hold rating and increasing our PT to $160 (+$10) since we believe the company has a positive FY26 setup after a challenging 1-2 years of commodity deflation headwinds due to multiple growth and margin expansion initiatives.” UBS initiates Laureate Education as buy UBS said shares of the global education company have plenty more room to run. “We are initiating the coverage of Laureate Education with a Buy rating and a PT of US$35.00 per share.”
