Here are Thursday's biggest analyst calls of the day: Home Depot, Anheuser Busch InBev, & more

Key Points
  • Wells Fargo downgraded Advanced Micro Devices to equal weight from overweight.
  • JPMorgan downgraded Anheuser Busch InBev to underweight from neutral.
  • Stifel upgraded La-Z-Boy to buy from hold.
  • Citi upgraded Analog Devices to buy from neutral.
  • Soc Gen downgraded Workday to sell from hold.
  • Oppenheimer raised its price target on Home Depot to $288 from $255.
  • Citi initiated Stanley Black & Decker as buy.
Budweiser beer products manufactured by Anheuser-Busch InBev NV sit on display during a news conference in Hong Kong, China, on Thursday, July 4, 2019.
Kyle Lam | Bloomberg | Getty Images

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Here are the biggest calls on Wall Street on Thursday:

Wells Fargo downgraded Advanced Micro Devices to 'equal weight' from 'overweight'

Wells Fargo downgraded the multinational semiconductor company and said it sees shares approaching a more "balanced" risk/reward scenario.

"We're positive on AMD's competitive positioning and share gain story. However, at current levels, and based on our new sum-of-the- parts (SOTP) analysis, we are downgrading to Equal Weight from Overweight as we see shares approaching levels that present a more balanced risk/reward"

JPMorgan downgraded Anheuser Busch InBev to 'underweight' from 'neutral'

JPMorgan downgraded the beverage maker and said it was seeing "new and intensifying" competition in many high profile markets as well as disruption from hard seltzer in the United States. 

"Despite a more benign input cost environment, 2020 is shaping up to remain challenging, leading to pressure on both GM and EBITDA margin. We also see ABI at a turning point ‒ as it tries to generate volume growth it appears to no longer be committed to raising prices in line with inflation. 'Smart affordability' has been rolled out across key markets, pressuring our price/mix and margin forecasts."

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