Here Are Wednesday's Biggest Analyst Calls: Apple, Tesla, Rivian, Amazon, Netflix, Ford, Rocket Lab & More

Here are the significant calls on Wall Street for Wednesday
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Citi Reiterates Apple as Buy:Citi stands by its top pick status on Apple shares, expressing confidence despite past concerns around iPhone sales in China. Recent supply chain checks indicate no production cuts for December and March quarters, reinforcing Citi's positive outlook.

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Jefferies Reiterates Tesla as Hold:Jefferies reaffirms a "hold" rating for Tesla, citing concerns over Elon Musk's threat to develop artificial intelligence outside of Tesla. This move is seen as raising the risk of near-term de-rating and further volatility.

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UBS Downgrades Ford to Neutral:UBS downgrades Ford to "neutral," citing limited upside to estimates. The stock is considered more fairly valued, with UBS maintaining a price target of $12 and expecting more restrained growth over 2024 and 2025.

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TD Cowen Downgrades Fisker to Market Perform:Fisker faces a downgrade to "market perform" from TD Cowen, with the firm citing growing pains such as a shift in distribution strategy, delivery issues, missed timelines, and a softening EV market.

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JPMorgan Downgrades Morgan Stanley to Neutral:Morgan Stanley receives a downgrade to "neutral" from JPMorgan, with limited upside seen at current levels. The stock is considered fairly valued, lacking significant catalysts.

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BTIG Upgrades Marathon to Buy:BTIG upgrades Marathon, a bitcoin mining company, to "buy" from "neutral," citing weakness in the miners and Marathon's pivot into infrastructure as reasons for the positive shift.

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Bank of America Names Dutch Bros. a Top Pick:Dutch Bros. is identified as a top pick by Bank of America, highlighting the coffee chain's top-notch management and anticipating positive developments in 2024 under new leadership.

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Goldman Sachs Upgrades Twist Bioscience to Buy:Twist Bioscience receives an upgrade from Goldman Sachs to "buy" from "neutral," with expectations of margin expansion for the biotech company.

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D.A. Davidson Downgrades Teladoc to Neutral:Teladoc faces a downgrade to "neutral" from D.A. Davidson, reflecting a more balanced risk/reward outlook despite positive market conditions and category leadership.

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Morgan Stanley Upgrades Polaris to Overweight:Polaris, a recreational vehicle company, gets an upgrade to "overweight" from Morgan Stanley, with an attractive risk/reward profile noted.

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KeyBanc Initiates Rocket Lab as Overweight:Rocket Lab is initiated with an "overweight" rating by KeyBanc, citing upside potential for the rocket satellite company.

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Goldman Sachs Initiates Aramark as Buy:Goldman Sachs initiates coverage on Aramark, a concessions company, with a "buy" rating, viewing it as well-positioned for consistent organic revenue growth.

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Evercore ISI Initiates Lithia Motors and AutoNation as Outperform:Evercore ISI initiates coverage on Lithia Motors and AutoNation with "outperform" ratings, identifying them as having defensive growth in the auto sector.

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Susquehanna Downgrades Spirit to Negative:Susquehanna downgrades Spirit after the JetBlue-Spirit deal was blocked, signaling an uncertain future for the stock.

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Deutsche Bank Downgrades Rivian to Hold:Rivian faces a downgrade to "hold" from Deutsche Bank, with perceived downside risk for the electric vehicle company.

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Wolfe Upgrades Instacart to Outperform:Instacart receives an upgrade from Wolfe to "outperform" from "peer perform," driven by an attractive risk/reward profile.

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Piper Sandler Upgrades Burlington to Overweight and Names Target a Top Pick:Piper Sandler upgrades Burlington to "overweight" from "neutral" and names Target a top pick, identifying them as the most actionable stocks in the near term.

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Barclays Downgrades SolarEdge to Underweight:Barclays downgrades SolarEdge to "underweight" from "equal weight," deeming it too early for residential solar.

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UBS Upgrades Visteon to Buy:UBS upgrades Visteon to "buy," suggesting that growth concerns are already priced into the stock.

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Citi Initiates Spirit AeroSystems as Buy:Citi initiates coverage on Spirit AeroSystems as a "buy," considering it a show-me, turnaround story with positive prospects in the aerospace cycle.

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Mizuho Names Amazon and DoorDash as Top Picks:Mizuho designates Amazon and DoorDash as top picks for 2024, citing them as their top ideas in the current market.

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Bank of America Reiterates Netflix as Buy:Bank of America reiterates a "buy" rating for Netflix, raising its price target and asserting that Netflix has triumphed in the streaming wars.

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William Blair Upgrades Nutanix to Outperform:Nutanix receives an upgrade to "outperform" from "market perform" by William Blair, expressing bullish sentiments toward the cloud software company.