Here are Friday's biggest analyst calls of the day: Nike, Tesla, Southwest, Disney, Delta & more

Published Fri, Dec 11 20208:09 AM ESTUpdated Fri, Dec 11 20208:42 AM EST

Key Points

Loop Capital initiated Caesars as buy.
Goldman Sachs raised its price target on Disney to $200 from $157.
KeyBanc initiated Nike as overweight.
Cowen named Charter a best idea.
Jefferies downgraded Tesla to hold from buy.
Deutsche Bank added a catalyst call buy idea on UPS.
Deutsche Bank downgraded Snowflake to hold from buy.
Jefferies upgraded AutoZone to buy from hold.
Deutsche Bank downgraded American, Delta, JetBlue, United and Southwest to hold from buy.
Citi upgraded Ralph Lauren to buy from neutral.
Piper Sandler initiated SolarEdge as overweight.

(This story is for CNBC PRO subscribers only.) Here are the biggest calls on Wall Street on Friday: Loop Capital initiated Caesars as buy Loop initiated the casino and resort company as buy and said it was bullish on the long-term outlook of Las Vegas. "Given the almost universally accepted view that it will take several years for Las Vegas to recover, we firmly believe that now is the time to put our stake in the ground as a contrarian bull on the medium- and long-term outlooks for both, CZR and Las Vegas in general." Goldman Sachs raised its price target on Disney to $200 from $157 Goldman raised its price target on the stock after the company's investor day and said it sees "streaming upside." "Our higher price target reflects a material increase in our long-termforecasts for DIS 's direct-to-consumer (DTC) subscribers andrevenue as we factor in the company's newly revealed Star offeringand the higher price points for Disney+ that going into effect in 2021." KeyBanc initiated Nike as overweight KeyBanc said in its initiation of the stock that it was bullish on the company's shift to digital. " NKE is near all-time highs, but we think the Company's scale and investments in 2x speed will ensure more full-priced sales and its digital shift will enable long-term revenue and margin growth." Cowen named Charter a best idea in 2021 Cowen named the cable company as a top idea for 2021 and said the rush to broadband was driving "underappreciated" free cash flow acceleration. "We expect the CHTR multiyear rally to continue on underappreciated FCF acceleration from unprecedented COVID broadband adds, the heightened criticality of broadband, and as investors shift focus to 2022E FCF yield." Jefferies downgraded Tesla to hold from buy Jefferies said in its downgrade of the stock that it didn't think the company could "dominate" the industry. "We don't believe Tesla can dominate Autos given industry structure and politics, but multiple challenges to the auto business model (EVs, batteries, software, autonomy, design-to-manufacture and direct selling) ensure a durable competitive edge, with a 'messianic' brand reaching far beyond autos." Read more about this call here. Deutsche Bank added a catalyst call buy idea on UPS Deutsche Bank added a catalyst call buy on the stock and said it was bullish on UPS 's fourth quarter and the company's involvement in the distribution of the coronavirus vaccine. "We see potential for a sizeable beat in 4Q, which unlike 3Q's beat, may come from the company's all-important Domestic business. We are also more positive on implications from vaccine distribution, after the company's comments today at a hearing at the U.S. Senate's Subcommittee on Transportation and Safety." Deutsche Bank downgraded Snowflake to hold from buy Deutsche Bank downgraded the cloud based data warehousing company mainly on valuation. "We are downgrading Snowflake to Hold given there has been very little change in the fundamental story since 3Q results, yet the shares have risen 28%. With Snowflake trading at 52x FY23E (Jan '23) sales, the risk/reward, in our opinion, is now balanced. The expiry of the lockup could weigh on share price accretion from here, as early holders sell and SNOW's free float rises from 32.2m to 345.8m shares in March '21." Jefferies upgraded AutoZone to buy from hold Jefferies upgraded the auto parts and accessories retailer and said it was bullish on the company's long term growth. "We upgrade AZO to a Buy rating and $1,325 Price Target as we see initiatives to grow a do it for me market share bolstering LT growth, while significant DIY mix (78% of sales) should provide near-term support as a soft economy and further stimulus likely boost older vehicle maintenance." Deutsche Bank downgraded American, Delta, United, JetBlue and Southwest to hold from buy Deutsche downgraded the airline stocks mainly on valuation and said it was still bullish on the company's long term. "Furthermore, the stocks are at or near fair value based on 2022 valuations (and in some cases, 2023), suggesting to us that investors' have already paid for two years of earnings growth. As such, we are downgrading the shares of AAL , ALGT, ALK, DAL , JBLU , LUV, SAVE, SKYW, and UAL to Hold from Buy." Citi upgraded Ralph Lauren to buy from neutral Citi upgraded the fashion company and said it thinks the company can "significantly increase" its earnings per share in the coming years. "We believe RL is making the right moves to upscale the brand while at the same time is positioned to cut a meaningful amount out of its expense base. With lean inventories helping gross margin in the near-term and expense cuts cushioning margins in the medium-term, we believe RL can significantly increase EPS in the coming years and exceed consensus forecasts." Piper Sandler initiated SolarEdge as overweight Piper Sandler initiated the solar company and said it was in a "market leading" position heading into 2021. "Between 2016 and 2020, SEDG power optimizer technology enabled the company to deliver a ~30% revenue CAGR and establish a market leading position. SEDG believes it is poised to deliver 15-25% revenue growth moving forward."

American multinational sport clothing brand Nike store seen in Hong Kong.

Budrul Chukrut | SOPA Images | Getty Images

(This story is for CNBC PRO subscribers only.)

Here are the biggest calls on Wall Street on Friday: