Here are Friday's biggest analyst calls of the day: Tesla, BlackRock, Beyond Meat & more

Published Fri, Feb 14 20208:57 AM ESTUpdated Fri, Feb 14 20209:15 AM EST

Key Points

Bernstein increased its price target on Beyond Meat to $117 from $106.
Deutsche Bank downgraded BlackRock to hold from buy.
Barclays downgraded Yelp to underweight from equal weight.
Evercore ISI raised its price target on Tesla to $550 from $250.
Benchmark upgraded Expedia to buy from hold.
Wells Fargo raised its price target on Home Depot to $265 from $240.

(This story is for CNBC PRO subscribers only.) Here are the biggest calls on Wall Street on Friday: Bernstein increased its price target on Beyond Meat to $117 from $106 Bernstein increased its price target on the alternative meat company and said it saw "upside" to the company's partnership with McDonald's. "We previously estimated that Beyond Meat could generate $168m sales from a McDonald's partnership in the U.S. through a top-down approach. By taking a bottom-up approach, we assume 45-55 patties/store/day at $1.0-1.1 per patty, which is higher than the ~28 Impossible Whoppers sold at Burger King per store per day given MCD's greater scale and substantially higher sales velocity. On this basis, we estimate that BYND could generate $227-306m incremental sales from a potential MCD rollout in the U.S. Deutsche Bank downgraded BlackRock to 'hold' from 'buy' Deutsche Bank downgraded the investment management company mainly on valuation. :With 4Q19 being one of the best earnings seasons for traditional asset managers in recent memory, we think the rally may pause for at least the near-term, especially with fundamentals remaining quite challenged, aside from positive markets. With this view, we also downgrade BlackRock from Buy to Hold, as the stock has approached our price target and we see the risk/return profile as less compelling." Barclays downgraded Yelp to 'underweight' from 'equal weight' Barclays downgraded Yelp after the company's disappointing earnings report and said its competitive position is "marginalized" by internet company's like Alphabet. "4Q print was sluggish across the board. Total revenues and EBITDA came in 2% and 6% below our prior estimates. The company missed the mid-point of its own 4Q revenue guide by 2%, calling unanticipated seasonal trends. Furthermore, 1Q revenue guide also came in 4% below Street estimates." Evercore ISI raised its price target on Tesla to $550 from $250 Evercore raised its price target on the stock and said the recent run up in shares was driven by a "stronger than expected 2H" and "very strong growth" in Model 3 production among other things. "Sentiment has and likely will continue to play an integral role in TSLA 's valuation.As fundamentals have improved (strong 2H, and China / Model Y SOP beginning sooner than expected)…so too has valuation (now in the 2.8-3.2x range on 3 yr fwd consensus sales). With every 1x turn of 3 year Fwd EV / Rev equating to ~$270 in TSLA share price, we expect volatility to continue to be driven by hope and fear, with reality likely somewhere in the middle." Benchmark upgraded Expedia to 'buy' from 'hold' Benchmark upgraded the stock after Expedia's disappointing earnings report and said it believed investors would give the company a "pass" due to the recent management transition and coronavirus fears. "While the quarter itself was somewhat disappointing, Chairman Barry Diller's timing was impeccable, as the prior management team now gets to take the fall for the results. Furthermore, given the transition, we expect Expedia will be given a pass for at least the next 6 months on things like the Coronavirus or elevated expense levels, with near-term guidance also set low and a floor under the stock thanks to an aggressive share buyback. And, while we suspect it may take some time to get growth back to a more reasonable level, shares trade at only 7x on the out year EBITDA, well below historical norms. We think this is just the start of another leg higher in what is proving to be a rational spend environment, although results are likely to prove uneven and non-linear." Wells Fargo raised its price target on Home Depot to $265 from $240 Wells Fargo raised its price target on Home Depot to a Street high and said the home improvement category is among the "most compelling" in its coverage. "While HD & LOW shares are near all-time highs and the China supply chain issues could prove a sticking point, we view FY20 expectations as reasonable, NT reads/indicators favorable, and we see upside from underlying housing benefits and a potential return of commodity inflation."

Beyond Meat "Beyond Burger" patties made from plant-based substitutes for meat products sit on a shelf for sale on November 15, 2019 in New York City.

Angela Weiss | AFP | Getty Images

(This story is for CNBC PRO subscribers only.)

Here are the biggest calls on Wall Street on Friday:

Bernstein increased its price target on Beyond Meat to $117 from $106

Bernstein increased its price target on the alternative meat company and said it saw "upside" to the company's partnership with McDonald's.

"We previously estimated that Beyond Meat could generate $168m sales from a McDonald's partnership in the U.S. through a top-down approach. By taking a bottom-up approach, we assume 45-55 patties/store/day at $1.0-1.1 per patty, which is higher than the ~28 Impossible Whoppers sold at Burger King per store per day given MCD's greater scale and substantially higher sales velocity. On this basis, we estimate that BYND could generate $227-306m incremental sales from a potential MCD rollout in the U.S.

Deutsche Bank downgraded BlackRock to 'hold' from 'buy'

Deutsche Bank downgraded the investment management company mainly on valuation.

:With 4Q19 being one of the best earnings seasons for traditional asset managers in recent memory, we think the rally may pause for at least the near-term, especially with fundamentals remaining quite challenged, aside from positive markets. With this view, we also downgrade BlackRock from Buy to Hold, as the stock has approached our price target and we see the risk/return profile as less compelling."