Here are Wednesday's biggest analyst calls of the day: Dave & Buster's, Virgin Galactic, Twitter & more

Published Wed, Feb 10 20218:13 AM EST

Key Points

JPMorgan named Twitter a top-five stock pick.
Piper Sandler named Lyft a top pick.
UBS downgraded Virgin Galactic to neutral from buy.
HSBC initiated Airbnb as buy.
Canaccord downgraded Canopy Growth to sell from hold.
Raymond James named Dave and Buster's a top recovery idea.
Morgan Stanley upgraded Goodyear Tire to overweight from equal weight.

Here are the biggest calls on Wall Street on Wednesday: Piper Sandler named Lyft a top pick Piper Sandler named the ride-sharing company as a top pick after its strong earnings report on Tuesday . "LYFT was trading up 11% after reporting Q4 results, and we would be adding to positions. When we upgraded in December, we cited LYFT's improving ability to extract revenue from every mile traveled. We also cited prospects for operating leverage due to aggressive restructuring. Both of these factors were on full display in Q4." UBS downgraded Virgin Galactic to neutral from buy UBS downgraded the space company mainly on valuation after what it called a "stratospheric" move in the stock. "We remain convinced in the fundamentals of the VG offering and the scarcity of the experience provided to customers we laid out in our initiation, in particular. However, we're mindful of valuation that appears full following a 100%+ gain since the start of the year and a 300%+ move since the fall, and are downgrading to Neutral from Buy." Read more about this call here. HSBC initiated Airbnb as buy HSBC initiated Airbnb with a buy rating and said the company was a direct beneficiary of the economy reopening and the upcoming changes in the travel industry. "A fast-growing and asset-light business model that is well established in the US and Europe and heading to Asia next. A direct beneficiary of changes to the travel industry like more local stays; revenue CAGR to reach 36% in 2020-22e." Canaccord downgraded Canopy Growth to sell from hold Canaccord downgraded the cannabis company after its earnings report mainly on valuation. "Although Canopy's FQ3/21 print was generally in line with our muted expectations, the rationale for lowering our recommendation is primarily a function of the significant valuation appreciation WEED has experienced as of late (up > 3.3x since Oct/2020 and already up close to ~100% YTD)." Raymond James named Dave and Buster's a top recovery idea Raymond James reiterated the entertainment and restaurant company as a top recovery idea and said Dave and Buster' s would benefit from the economy re-opening. "We continue to look through to a post-COVID environment that we believe will be characterized by strong pent-up demand for experiential occasions and further supported by several company specific sales building initiatives (improved speed of service, new FOH service model, new games and marketing capabilities)." Morgan Stanley upgraded Goodyear Tire to overweight from equal weight Morgan Stanley upgraded the tire company and said the stock was at an "inflection" point. "Q420 saw the strongest net price/mix vs raw materials for GT since 2015. Low inventories, US import tariffs and price increases from most peers are a strong support for 2021. If GT's pricing inflection continues, we think the stock can rerate." JPMorgan named Twitter a top five stock pick JPMorgan said Twitter was a "top five stock pick" after the company reported earnings on Tuesday that beat on revenue and earnings per share . "On the heels of our December upgrade, TWTR remains one of our top 5 stock picks in 2021 & we believe our bull case is playing out mostly as expected—sharp ad recovery, continued solid engagement, ad product prioritization & innovation, underlying activist efforts helping to improve operational discipline, & the upcoming February 25 Analyst Day as an additional potential catalyst for shares."

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Here are the biggest calls on Wall Street on Wednesday: