Wednesday's Biggest Analyst Calls: Tesla, Apple, Amazon, Microsoft, Ferrari, Roblox, Disney & More

Here are the notable Wall Street calls for Wednesday:

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Morgan Stanley reiterates Disney as overweight:

Raised price target to $110 per share from $105.

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Remains overweight, citing Parks assets limiting downside risk and opportunities in Media businesses.

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Bank of America names General Electric a top pick:

Considers General Electric a "pure-play aviation stock" for 2024.

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Expects benefits from competitors' distractions and spin-off of Vernova in April.

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KBW upgrades D.R. Horton to outperform:

Upgraded D.R. Horton to outperform due to positive earnings, book value growth, healthy liquidity, and stock buybacks.

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Morgan Stanley initiates DoubleVerify as overweight:

Views DoubleVerify as innovative and addressing a significant industry challenge in the digital ad spend sector.

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Bank of America reiterates Apple as neutral:

Sees a balanced risk/reward for Apple, citing potential challenges in the iPhone 15 cycle and weaker near-term services trajectory.

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Wolfe initiates Thermo Fisher as outperform:

Predicts Thermo Fisher shares will outperform the peer group with confidence in a return to revenue growth and sustained margin improvement.

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JPMorgan initiates Kanzhun as overweight:

Initiates China online recruiter Kanzhun as overweight, praising its disruptive leadership and strong network effect.

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HSBC downgrades Ferrari to hold from buy:

Downgrades Ferrari mainly based on valuation, highlighting its unusual position as a car company.

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Bank of America reiterates Broadcom as buy:

Raises price target to $1,250 per share from $1,200, considering Broadcom "best-in-class" following a virtual investor meeting.

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Wells Fargo downgrades Johnson & Johnson to equal weight:

Downgrades J&J due to concerns about "muted" earnings per share growth.

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JPMorgan upgrades Health Catalyst to overweight:

Upgrades Health Catalyst, citing upside potential and not reflective valuation.

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Wells Fargo initiates Roblox as overweight:

Initiates Roblox with overweight, emphasizing its growing audience platform.

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Morgan Stanley names L3Harris a top pick:

Names defense company L3Harris as a top pick, noting positive risk-reward potential.

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TD Cowen initiates Cava as outperform:

Bullish on Cava's long-term growth as a leader in the Mediterranean segment.

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Wells Fargo names AT&T a top pick:

Considers AT&T a top idea in 2024, expecting balanced growth.

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Morgan Stanley downgrades Coherent to equal weight:

Downgrades laser systems solutions company Coherent based on recent performance capturing near-term upside.

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Citi downgrades Church & Dwight to sell and names Clorox a top 2024 pick:

Downgrades Church & Dwight citing "slowing topline trends" and names Clorox a top pick for 2024.

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Morgan Stanley upgrades MSCI to overweight:

Upgrades MSCI, considering its defensive characteristics and growth opportunities.

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JPMorgan names Amazon, Alphabet, and Uber top 2024 picks:

Considers Amazon, Alphabet, and Uber top ideas for 2024, anticipating a broad revenue growth re-acceleration.

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Morgan Stanley upgrades Ally Financial and Capital One to equal weight:

Upgrades Ally Financial due to easing net interest margin pressure and Capital One for slower credit deterioration.

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Evercore ISI reiterates Tesla as in line:

Tesla remains the "king of EVs," expecting continued dominance in the U.S. EV market.

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Bank of America names Humana a top pick:

Humana's "earnings power" stands out as a top pick.

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Truist initiates Microsoft as buy:

Initiates Microsoft with a buy rating, impressed by its artificial intelligence execution.

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Evercore ISI reiterates Monster as outperform:

Monster is a top idea for 2024, identified as a favorite large-cap growth name.

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Susquehanna initiates Impinj as buy:

Initiates radio frequency ID company Impinj as a buy, recognizing its underpenetrated total addressable market.

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Goldman Sachs initiates Opera as buy:

Initiates Opera as a buy, seeing positive leverage to digital advertising and geographic/product mix shift dynamics.

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Oppenheimer downgrades Hertz to perform:

Expects a transition year for Hertz and moves to the sidelines.

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Oppenheimer names Target a top pick:

Considers Target a top pick for 2024, seeing a very attractive risk/reward scenario.

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Deutsche Bank names Wynn and Las Vegas Sands as top 2024 ideas:

Wynn and Las Vegas Sands are identified as casino stocks well-positioned to outperform in 2024.

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Jefferies adds Ulta to the franchise picks list:

Flags Ulta as a best-in-class retailer with a diversified product portfolio.

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B. Riley initiates Vizio as buy:

Initiates consumer electronics company Vizio as a buy, recognizing its underappreciated potential for growth.