Friday’s Biggest Analyst Calls: NVIDIA, Amazon, Solaredge, Sunrun, Ibm, Crocs, Meta, Disney & More

Here are the prominent recommendations from Wall Street for Friday:

‍

JPMorgan reiterates Amazon as overweight: JPMorgan maintains its positive outlook on Amazon (AMZN) and anticipates acceleration in AWS (Amazon Web Services) in the second half of 2023, along with retail growth, margin expansion, and decreased capital expenditures.

‍

Jefferies reiterates Nvidia as buy: Jefferies reiterates its buy rating on Nvidia (NVDA) and suggests that Nvidia and Applied Materials (AMAT) are positioned for potential positive surprises during earnings season.

‍

Goldman Sachs reiterates Disney as buy: Goldman Sachs maintains its buy rating on Disney (DIS) shares but lowers its price target in preparation for Disney's fourth-quarter 2023 earnings report.

‍

Bank of America reiterates Meta as buy: Bank of America expresses optimism about Meta (formerly Facebook) ahead of earnings, emphasizing the potential for strong fourth-quarter revenue guidance.

‍

UBS upgrades Merck to buy from neutral: UBS upgrades Merck to a buy rating, considering it undervalued with a strong pipeline.

‍

Stephens names Simple Foods a best idea: Stephens designates Simply Good Foods (SMPL) as its "Best Idea," recognizing its positioning at the intersection of significant consumer trends.

‍

UBS upgrades Block to buy from neutral: UBS upgrades Block (a payments company) and views it as well-positioned in the evolving payment acceptance industry.

‍

Deutsche Bank upgrades Union Pacific to buy from hold: Deutsche Bank expects substantial potential upside for Union Pacific, a freight train operator.

‍

UBS reiterates Ralph Lauren as buy: UBS believes companies like Ralph Lauren are well-positioned for adopting AI into their business models.

‍

UBS reiterates McDonald's as buy: UBS maintains its buy rating on McDonald's, citing its attractive valuation and market share growth potential.

‍

Bank of America reiterates IBM as buy: Bank of America reaffirms its buy rating on IBM, highlighting the company's turnaround, defensive portfolio, and appealing dividend yield.

‍

Citi upgrades Cognizant to buy from neutral: Citi views Cognizant as a "self-help" story and has observed positive changes in the company's reputation and performance.

‍

Goldman Sachs adds Taiwan Semiconductor to the conviction buy list: Goldman Sachs includes Taiwan Semiconductor (TSMC) in its conviction buy list following a favorable earnings report and signs of demand stabilization.

‍

Deutsche Bank downgrades SolarEdge, Sunrun, and Sunnova: Deutsche Bank downgrades SolarEdge, Sunrun, and Sunnova, citing numerous challenges in the industry.

‍

Deutsche Bank reiterates Microsoft as buy: Deutsche Bank reaffirms its buy rating on Microsoft as it anticipates another quarter of robust double-digit EPS growth.

‍

Redburn Atlantic Equities downgrades Yum! Brands: Redburn downgrades Yum! Brands due to concerns about higher interest rates affecting the company's growth and leverage.

‍

Citi initiates Mattel as buy: Citi initiates a buy rating on Mattel (MAT), emphasizing the potential for revenue growth driven by factors like the return of Disney Princess and strong vehicle sales.

‍

Raymond James upgrades Crocs: Raymond James upgrades Crocs, considering the stock oversold with an attractive risk/reward profile.

‍

Bank of America downgrades SolarEdge: Bank of America downgrades SolarEdge after a negative preannouncement, highlighting a revenue miss and reduced gross profit due to unexpected cancellations and pushouts.

These are the latest recommendations and analyses from Wall Street experts for various stocks.

‍