Here are the biggest calls on Wall Street on Thursday: Loop initiates Genuine Parts as buy Loop says the auto parts company is undervalued. “We are initiating coverage of GPC with a BUY-rating and $155 price target. Aided by easy comps, rebounding miles driven, and increasing vehicle costs we anticipate that organic sales growth within the automotive business will begin to recover into 2025+.” Seaport upgrades Netflix to buy from neutral Seaport says it sees “share tailwinds” ahead of earnings next week. “We are upgrading NFLX shares to Buy from Neutral ahead of 4Q24 earnings, with a $955 PT, due to an increase in our net member addition estimate to +9.0MM from +5.7MM, and to the operational tail-winds that should support Netflix’s position with industry-leading original content accolades.” Seaport upgrades First Solar to buy from neutral Seaport says the solar company has an attractive risk/reward. “Our favorite name for 2025 is FSLR, which we’re upgrading from Neutral to Buy and assigning a PT (price target) of $274. In such a fluid environment, we want to go with one of the sector’s few established blue chips and a company that, in our view, has the best risk-reward profile specific to policy.” Oppenheimer initiates MobileEye as outperform Oppenheimer says the autonomous tech company is well positioned for artificial intelligence. “While select vertically-integrated players will likely emerge in an autonomous future, we believe MBLY will be the key enabler of most legacy OEMs [original equipment manufacturers] delivering autonomous functionality.” DA Davidson reiterates Nvidia as neutral DA says it “remain[s] cautious on Nvidia ‘s ability to meet consensus expectations for CY2026 and beyond.” “With this analysis in mind, we continue to believe 2025 could be a peak year for NVDA and remain street low on 2026.” Bernstein initiates Sony as outperform Bernstein called the media company a “leaner meaner” Sony. “Sony’s business spans industry-leading positions in image sensors, video gaming, music, and film. In contrast with an indifferent 2022-2024, we expect a Sony more focused on efficiency to deliver earnings surprises.” UBS downgrades Regeneron to neutral from buy UBS says it sees too much uncertainty for the company’s eye drug, Eylea. “We are downgrading REGN to Neutral and lowering our PT to $738 (from $1,130).” UBS upgrades Dana to buy from neutral UBS said in its upgrade of the auto company that it sees a “smaller, but more profitable Dana with improved FCF [free-cash flow] conversion.” “We upgrade DAN to Buy, $18 PT believing the company can use the proceeds from the previously announced potential sale of their Off-Highway (OH) business to de-lever and have more value accrue to the equity.” TD Cowen upgrades Blue Owl to buy from hold TD Cowen says it’s bullish on the alternative asset management company heading into its investor day in February. “We upgrade OWL to Buy versus Hold prior, and lift our 12-month price target $2 to $28 ahead of OWL’s 2/7 Investor day, or the day following 4Q24 results.” Morgan Stanley initiates Philip Morris as overweight The firm says it’s bullish on the tobacco giant. “We see continued upside for PMI’s stock as its reduced-risk smoke-free portfolio drives stronger than expected LT sales and earnings growth and becomes an even larger percentage of the mix, which should drive upward re-rating for the stock.” Morgan Stanley upgrades Bill.com to overweight from equal weight Morgan Stanley says it sees an improving strategy and execution for the billing company. “Management’s new strategy puts BILL on a better growth path as it addresses key shortcomings.” Morgan Stanley upgrades OneStream to overweight from equal weight Morgan Stanley says the finance management software company is “best-in-class.” “With OS trading at a discount to peers, investors are underappreciating durable mid-20s growth.” Morgan Stanley upgrades Digital Ocean to overweight from equal weight Morgan Stanley says the software company is not getting enough credit for its AI opportunity. ” DigitalOcean is delivering enhanced capabilities to better serve larger customers.” Citi upgrades Monday.com to buy from neutral Citi said in its upgrade of Monday.com that it’s bullish on the project management software company. “Upgrade to Buy/HR [high risk] on better risk/reward on pullback see ’25 below cons guide as a risk but more than priced in.” Citi downgrades Southwest to sell from neutral Citi says the airline stock is overvalued right now. “Over time, we see Southwest’s valuation correcting to more normalized levels, as the network carriers’ premium travel gains, limit Southwest’s efforts to penetrate that category.” Goldman Sachs reiterates Tesla as neutral The firm says it’s cautiously optimistic on Tesla’s full self-driving technology, but cautioned that it will take time. “We do not expect FSD to be safer than a human in 2Q of this year, as Tesla targets. However, we believe FSD attach rates/monetization could pick up from what we believe are relatively low levels currently as performance improves, and we assume some increase in Tesla’s automotive gross margin in 2026/2027 in part as a result of higher FSD revenue.” JPMorgan initiates Expand Energy as overweight JPMorgan says it’s bullish on the natural gas company. “We are initiating coverage of Expand Energy (EXE) with an Overweight rating and a Dec 2025 price target of $112.” JPMorgan adds Ollie’s to the focus list JPMorgan says it sees an “upside opportunity” for Ollie’s. “4Q Upside Opportunity Despite Disruption: Based on our latest fieldwork we see potential for incremental upside to our +3.0% 4Q comp estimate relative to mgmt’s implied 2.5%-3.5% guidance.” Wolfe downgrades Advanced Micro Devices to peer perform from outperform Wolfe says it sees slowing revenue growth for the semis company. “Downgrading AMD to Peer Perform from OP. Our downgrade is based on a lower expectation for datacenter GPU [graphic processing unit] revenue this year than we previously expected.” Goldman Sachs reiterates Uber as buy The firm says the stock is very attractive right now. “We see UBER as a global platform with increasing utility for its consumers and expect that the adoption of the Uber One membership and the ramp of New Products will contribute to durable GB [gross bookings] growth in the years ahead.” Morgan Stanley names Atlassian a top pick Morgan Stanley says it’s bullish on the Australian software company. “While TEAM’s multiple has rebounded inline with the group, we see a strong potential for upside revisions.” Goldman Sachs initiates ResMed as buy Goldman says the sleep apnea company has robust fundamentals. “For RMD and CSL, we believe the fundamentals for both businesses are intact to deliver double digit earnings growth.” Canaccord initiates Sally Beauty as buy Canaccord says the beauty retailer is well positioned. “We are initiating coverage on Sally Beauty (SBH), with a BUY rating and $14 PT.” Barclays reiterates Amazon as buy The firm says the e-commerce giant is best positioned heading into earnings in early February. ” Amazon remains our preferred e-commerce name heading into the print and into 2025.” Bank of America reiterates Disney as buy Bank of America says it’s sticking with its buy rating on the entertainment giant. “However, within our Media and Entertainment coverage DIS has best in class assets (premium IP, best-in-class sports brand, iconic theme park franchise, etc.) and remains well positioned long term, in our view.” Bank of America upgrades UPS to buy from neutral Bank of America said in its upgrade of the stock that it sees “demand on [the] cusp of growth.” “We are raising our rating on UPS ‘ shares to Buy from Neutral as we see a potential end to the freight recession in 2025, as well as benefits from the company’s dynamic pricing model and cost initiatives.”
