Here are Friday's biggest analyst calls of the day: Amazon, Carnival, General Mills & more

Key Points
  • Deutsche Bank upgraded Cardinal Health to buy from hold.
  • Baird assumed coverage of Splunk as outperform.
  • Piper Sandler assumed coverage of Amazon as overweight.
  • Credit Suisse upgrade General Mills to outperform from neutral.
  • Susquehanna upgraded Churchill Downs to positive from neutral.
  • Argus initiated DraftKings as buy.
  • Barclays upgraded Carnival, Norwegian, and Royal Caribbean to overweight from equal weight.
General Mills breakfast cereal boxes are arranged for a photograph in Tiskilwa, Illinois.
Daniel Acker | Bloomberg | Getty Images

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Here are the biggest calls on Wall Street on Friday:

Deutsche Bank upgraded Cardinal Health to buy from hold

Deutsche upgraded the healthcare services company and said it had "compelling" valuation among other things.

"We believe Cardinal's medical segment is likely recovering faster than the company has assumed in its guidance and that its pharmacy segment business will prove stable too with results over the course of the fiscal year likely better than the company originally forecasted."

Baird assumed coverage of Splunk as outperform

After a change in analyst coverage, Baird upgraded the software platform that searches and analyzes machine-generated data and said it likes the company's cloud "momentum."

"We are assuming coverage of Splunk given the company's alignment with our security coverage and our newly launched observability coverage. .. . Overall, we like Splunk given this cloud momentum, its continued leadership in security, and investments the company has made in IT Operations/observability.