Here are the biggest calls on Wall Street on Friday: Cantor Fitzgerald upgrades Ouster to overweight from neutral Cantor upgraded the autonomous vehicle solutions company following earnings. "We are encouraged by the acceleration of automotive-/autonomy-related revenue, and we expect OUST to continue to ramp up its deployments to self-driving vehicles and autonomous delivery robots across the U.S., particularly via its partnership with Serve Robotics (SERV, [overweight]) and May Mobility (private), among others." Citi upgrades Sonic Automotive to buy from neutral Citi says to buy the dip in the auto retailer. "The industry and company specific headwinds in 3Q, in our view, will turn positive in 4Q, creating a near-term buying opportunity for the stock. We upgraded SAH to Buy from Neutral with an $82 price target." Jefferies reiterates CoreWeave as buy Jefferies calls the stock "very attractive." "We see an attractive risk/reward profile, with CRWV now trading at 17x our rolled-forward EV/CY27 EBIT, compared to MSFT, AMZN, and ORCL..." UBS reiterates Apple as neutral UBS says it sees Apple as a beneficiary in the wearable technology space for personalized nutrition. "We see ready-to-eat / recipe box companies such as Hello Fresh, and wearable tech companies such as Apple to be the largest beneficiaries of the shift towards truly personalized nutrition." Deutsche Bank upgrades Baidu to buy from hold Deutsche says the China tech company is well positioned for artificial intelligence. " Baidu has established a set of leading AI businesses spanning cloud computing, robotaxis, intelligent search, and AI chips." Read more. Morgan Stanley names Bank of America top pick Morgan Stanley says a "new period of consecutive [operating] leverage has arrived." "We move BAC to our Top Pick in LC [large cap] Banks post investor day where mgmt outlined a clear path to 16-18% ROTCE, driven by revenue growth and expense ratio improvement to 55-59%." Bank of America upgrades Globus Medical to buy from neutral Bank of America sees "compounding profits" for the med tech company. "We are upgrading GMED to Buy from Neutral." Barclays reiterates Tesla as equal weight Barclays says Tesla still needs to work on its growth initiatives following Thursday's shareholder vote. "While there were few surprises at today's Tesla AGM, the event broadly reminded us of the excitement investors face ahead on Tesla's growth prospects. Yet we believe the key question for the stock now remains on the execution path for Tesla's growth initiatives." Macquarie upgrades Unity to outperform from neutral Macquarie says in an upgrade of Unity that the software company is well positioned for growth. "Mgmt's execution has been solid and we have greater confidence in the long-term growth opportunity driving increased FCF and operating leverage." Rothschild & Co Redburn upgrades ASML to buy from hold Rothschild says the semiconductor equipment maker is firing on all cylinders. "ASML's earnings outlook is further supported by the strong upcycle in AI-fueled chip demand." Oppenheimer upgrades JFrog to outperform from perform The firm upgrades the stock following earnings. "We're upgrading JFrog to Outperform from Perform, raising our revenue estimates, and establishing a $75 price target following another strong quarter of upside and accelerating Cloud growth." Wells Fargo reiterates Micron Technology as buy Wells Fargo raises its price target on Micron to $300 per share from $220. "This week we hosted meetings w/ CEO, Sanjay Mehrotra & EVP, Global Operations, Manish Bhatia. Mtgs reinforce +thesis on MU's execution / competitive position (HBM4 confidence) & memory industry dynamics. Increase ests; PT to $300." KeyBanc upgrades Datadog to overweight from sector weight Key upgrades the stock following earnings. "We upgrade shares of DDOG to Overweight as the two areas of concern that kept us Sector Weight materialized positively: 1) revenue ex. OpenAI accelerated, and the strength was broad based; and 2) visibility into sustained OpenAI spend for the next several quarters after renewing/expanding its commitment in 3Q." Wolfe upgrades Matson to outperform from peer perform Wolfe upgrades the shipping and logistics company following earnings. "As evidenced by its 3Q report and 4Q guide, MATX's pricing is again de-coupling from industry spot rates. Thus, we have increased confidence in $10+ of normalized EPS, and with a discounted valuation, we're raising our rating to Outperform." JPMorgan adds GE Vernova to the focus list The bank says it sees an "attractive entry point." "We are adding GE Vernova to the J.P. Morgan US Equity Analyst Focus List (Growth) and placing the stock on Positive Catalyst Watch. The stock has underperformed power generation peers over the past two months, despite a solid 3Q print, which we believe creates a compelling entry point." Stifel upgrades Penn to buy from hold Stifel says the gambling company has an " attractive pipeline of growth projects. " "While recent underperformance partially factors concerns on the consumer & rising competitor promo spend, we see PENN as comparatively well-positioned given geographic diversification, well-documented operating prowess and relatively higher quality assets enabling PENN to compete primarily on product." Benchmark upgrades Trade Desk to buy from hold Benchmark upgrades the advertising stock following earnings and says the "pain" is already priced in. "We upgrade TTD to a Buy and establish a $65 DCF-based PT. While the stock still contends with macro uncertainties and awaits restructuring efficiencies to play out, our prior perceived relative industry growth hurdles are generally rearview." JPMorgan upgrades ArcelorMittal to overweight from neutral JPMorgan upgraded the steel company following earnings. " Mittal reported its Q3'25 results yesterday which gave a reassuring outlook for Q4, including guidance for a strong Q4 FCF and net debt reduction attributable to a $1.9bn working capital release."
