Here are Friday's biggest analyst calls of the day: Tesla, CrowdStrike, Walmart, Marriott & more

Key Points
  • Jefferies upgraded Marriott to buy from hold.
  • Oppenheimer upgraded Tencent Music Entertainment to outperfom from perform.
  • Evercore ISI upgraded Tapestry to outperform from in line.
  • Morgan Stanley upgraded Tesla to equal weight from underweight.
  • DA Davidson initiated Best Buy, Lowe's, Target, Walmart, and Dick's as buy.
  • UBS initiated CrowdStrike as buy.
  • Bank of America upgraded Tesla to equal weight from underweight.
A customer wears a protective mask while pushing a cart into a Home Depot Inc. store in Reston, Virginia, on Thursday, May 21, 2020.
Andrew Harrer | Bloomberg via Getty Images

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Here are the biggest calls on Wall Street on Friday:

Jefferies upgraded Marriott to buy from hold

Jefferies upgraded the hotel chain and said Marriott was a "quality" company with a "superb" management team and that the stock should outperform once the "new normal" operating environment returns.

"MAR is lagging the S&P 500 by nearly 40% YTD and HLT by 25%, while both are anchored by proven management teams and business models which we have confidence will recover. We apply higher than average - but not peak - valuation multiples for HLT and MAR which drives our updated price targets of $101 and $125, respectively. We believe the key catalysts for outperformance are primarily the resumption of capital returns as a new normal operating environment returns."

Oppenheimer upgraded Tencent Music Entertainment to outperfom from perform

Oppenheimer upgraded the China music streaming service and said investors are overlooking the company's solid core music business.

"We value Music Services at 8x '22E revenue, and Social Entertainment at 10x '22E EBITDA. We expect strong sub growth to continue in 2H and potentially accelerate on ad-supported services. We estimate long-form audio could generate 3%/7% incremental core music revenue in '21E/'22E. TME Live is transforming the multi-billion-dollar concert industry with significant monetization opportunities."