Here are Thursday's biggest analyst calls of the day: Tesla, Goldman Sachs, Tyson Foods & more

Published Thu, Dec 3 20208:06 AM EST

Key Points

JPMorgan downgraded Stanley Black & Decker to neutral from overweight.
Goldman Sachs upgraded Tesla to buy from neutral.
Piper Sandler upgraded Tyson Foods to overweight from neutral.
JPMorgan added Whirlpool to the focus list.
Oppenheimer raised its price target on Goldman Sachs to $366 from $348.
Evercore ISI upgraded Square to outperform from in line.
Wells Fargo downgraded Stitch Fix to underweight from equal weight.

(This story is for CNBC PRO subscribers only.) Here are the biggest calls on Wall Street on Thursday: JPMorgan downgraded Stanley Black & Decker to neutral from overweight JPMorgan downgraded the stock mainly on valuation. "We also downgrade SWK to Neutral from Overweight, and remove the stock from the US Analyst Focus List, as we view the Street consensus for 2021 and 2022 as moderately aggressive as well as find the stock's valuation to be relatively full." Goldman Sachs upgraded Tesla to buy from neutral Goldman Sachs said in its upgrade of Tesla that it sees 30% upside and a shift taking place towards electric vehicles. The firm raised its price target on the stock to a Street high $780 from $455 "We believe that the shift toward battery electric vehicle adoption is accelerating and will occur faster than our prior view. We believe that battery prices are falling faster than we previously expected which improves the economics of EV ownership, and there has recently been an increase in regulatory proposals from some jurisdictions to limit or ban the sale of new internal combustion engine vehicles entirely in 10-20 years." Read more about this call here . Note: This call occurred after the bell on Wednesday. Piper Sandler upgraded Tyson Foods to overweight from neutral Piper said in its upgrade of the poultry company that its long-term outlook was "attractive." "We believe a vaccine and economic 'reopening' will benefit Tyson in ways that we believe are not yet priced into valuation. We expect foodservice demand (~40% of sales) to improve while food at home consumption remains somewhat elevated. Alleviation of costs and a recovery in Chicken can help lift margins in F22." JPMorgan added Whirlpool to the focus list JPMorgan added the appliance maker to the focus list and said it saw "significantly" higher earnings power and called the company a "value idea." "First, we add Overweight-rated WHR to the US Analyst Focus List as a Value idea, as following 3Q's strong upside, after which we raised our 2021E and 2022E EPS by 24% and 14%, respectively – which are also 8% and 10% above the Street consensus – we see a significantly higher level of earnings power for the company." Oppenheimer raised its price target on Goldman Sachs to $366 from $348 Oppenheimer raised its price target on the investment bank to a Street high and said Goldman has "significant room" to drive its return on equity higher. " Goldman is one of our favorite stocks at this juncture because we believe that the economic reality of its business mix is that it is relatively less capital-intensive among the mega-banks, and that it has significant room to drive return on equity higher, while the perception is that it is one of the more capital-intensive business models and that its ROEs will be mired in the low double-digits in perpetuity." Evercore ISI upgraded Square to outperform from in line Evercore ISI upgraded the mobile payment operator and said it was bullish on the company's Cash App and said 49% upside potential in the stock. "We are upgrading SQ to Outperform from In Line and raising our price target to $300 from $161, providing 49% upside potential. While we missed the COVID-19-driven move up in SQ's stock, we expect Cash App to sustain extraordinary growth through continued, rapid innovation and TAM expansion. Over time, Cash App could become a one stop, disruptive, digital payments bank." Wells Fargo downgraded Stitch Fix to underweight from equal weight Wells downgraded the online personal styling service company and said the stock has "simply run too far." "With SFIX shares being among the strongest YTD performers in our group (up ~60% vs. SPX +12%), we believe the stock has simply run too far - resulting in an asymmetric risk/reward that we think is skewed to the downside. Furthermore, this isn't simply a 'valuation' call, as we see some fundamental issues with the model as well."

A bag of Tyson Foods Inc. frozen chicken is arranged for a photograph in Tiskilwa, Illinois, U.S., on Thursday, May 5, 2016. Tyson is scheduled to release earnings figured on May 9.

Bloomberg | Bloomberg | Getty Images

(This story is for CNBC PRO subscribers only.)

Here are the biggest calls on Wall Street on Thursday: