Here are the biggest calls on Wall Street on Friday: Baird upgrades Union Pacific to outperform from neutral Baird said investors should buy the weakness. "Overall, we remain constructive on the potential synergies associated with the transaction and believe investors should use weakness in the shares of UNP going forward to develop or increase exposure. Our new price targets for UNP and NSC are $311 and $315, respectively. In addition, we are raising our rating on UNP to OUTPERFORM." CFRA upgrades Netflix to buy from hold The firm said it sees revenue growth. "As the industry leader, we see NFLX driving member growth, ARPU expansion with pricing power, and advertising contribute to incremental revenue growth in 2026, perhaps $1.5B to $3.0B." Read more. Barclays upgrades First Advantage to overweight from equal weight Barclays says the background check company benefits from a resilient job market. "We upgrade FA to an OW, and prefer it as our way to dip into potential 'upside' if employment stays resilient." Wells Fargo reiterates Intel as equal weight Wells says it's adding a "tactical positive call" to the stock. "Continued reassurance in Intel's roadmap execution + PC and server CPU demand could present a more compelling risk / reward." BMO upgrades Okta to outperform from market perform The firm says the company has "revenue growth durability." "We believe identity management is critical for agent adoption, and we think Okta will be one of the companies that nurtures, and benefits from, agent growth." Read more. Piper Sandler upgrades Karman Holdings to overweight from neutral Piper says the company is a beneficiary of the Middle East war. "We are upgrading Karman t o Overweight as we see the company benefitting from a potential munitions super cycle where U.S. and Allies seek to rebuild 'magazine depth' for critical munitions by replenishing stockpiles, expanding production, and refreshing technology across a number of missile programs." JPMorgan upgrades Dow to overweight from neutral The firm says Dow is a beneficiary of the Middle East war. "Lyondell trades at 12.2x and 10.6x. Dow is valued at 9.7x and 7.7x. Our $40 target represents an 8.5x multiple of 2027 EBITDA for Dow. We think that the multiple gap between the companies can close somewhat should Dow execute well on its cost reduction program as its balance sheet strengthens." Oppenheimer initiates Motorcar Parts of America as outperform Oppenheimer says the stock has a "market share opportunity." "We launch coverage of Motorcar Parts of America ( MPAA) with an Outperform rating and a 12-to-18-month PT of $18." Jefferies reiterates Oracle as buy Jefferies lowered its price target on the stock to $320 per share from $400 and says it's sticking with the stock ahead of earnings next week. "We believe the market may be overlooking ORCL's upside potential and growth catalysts." Read more. Goldman Sachs reinstates NRG Energy as buy Goldman says the energy company is best positioned. "We reinstate our rating on NRG with a Buy rating and a price target of $197, implying 23% total return." JPMorgan initiates Customers Bancorp as overweight JPMorgan says the regional bank is well positioned for growth. "We are initiating coverage on Customers Bancorp (CUBI) with an Overweight rating and a $90 December 2026 price target. DA Davidson initiates Chipotle as buy The firm says Chipotle is getting its "mojo" back. " Chipotle appears poised to recapture its mojo in FY26 as a host of sales driving initiatives—most notably a doubling in LTO [limited time offer] frequency—are likely to deliver a significant comp rebound..." Bernstein reiterates Nvidia as outperform Bernstein says it's sticking with Nvidia shares. " NVDA (Outperform, $300): The datacenter opportunity is enormous, and still early, with material upside still possible." Morgan Stanley reiterates Costco as overweight Morgan Stanley says Costco i s firing on all cylinders following earnings on Thursday. "Strong execution across membership, fee income, and core profitability, with comps re-accelerating into the Spring. Fee income trends benefitting from membership tier upgrades. Reiterate OW, $1,130 PT. Deutsche Bank upgrades Intercontinental Exchange to buy from hold Deutsche says shares of the exchange company are compelling. "We are upgrading ICE t o Buy from Hold, as we see a more attractive risk/return profile following recent underperformance vs. exchange peers and a stronger near-term EPS growth outlook." Citi reiterates Marvell Technology Citi raised its price target to $118 per share from $113 following earnings. " MRVL stock was +15% after lifting prior FY27 outlook on higher hyperscale cloud capex and AI networking/compute demand led by optics." Bank of America upgrades Marvell Technology to buy from neutral Bank of America says it sees "growth re-acceleration" for the stock. " MRVL 's earnings call gives us greater confidence in: 1) company's solid leverage to AI optical connectivity, 2) potential for success in upcoming Microsoft custom chip (XPU) program..." Bank of America upgrades Ciena to buy from neutral Bank of America said in its upgrade of Ciena that investors should buy the dip in the networking company. "Our Buy rating is based on expectations for a resumption in optical spending by Service Providers in FY26 and AI deployments driving accelerated demand with Cloud providers." Bank of America upgrades Hayward Holdings to buy from neutral The firm says it sees "better growth, lower leverage" for the pool equipment company. "We upgrade Hayward to Buy (from Underperform) and raise our PO to $19 (from $15).." Oppenheimer initiates CoreWeave as outperform Oppenheimer says the stock has plenty of upside. "We are initiating coverage of AI-focused cloud vendor or 'neo-cloud' CoreWeave (CRWV) with an Outperform rating and a $140 PT." Needham initiates Itron as buy Needham says shares of the water tech company have plenty more room to run. "We initiate coverage of Itron (ITRI) with a Buy rating and $124 price target."
