Here are Thursday's biggest analyst calls of the day: Uber, Under Armour, Bed Bath & Beyond & more

Published Thu, Feb 11 20218:21 AM ESTUpdated Mon, Feb 22 20212:51 PM EST

Key Points

Bank of America upgraded Bed Bath & Beyond to buy from neutral.
Morgan Stanley reiterated Uber as a top pick in 2021.
Piper Sandler upgraded Under Armour to overweight from neutral.
Morgan Stanley upgraded Simon Property Group to overweight from equal weight.
Citi upgraded Zillow to buy from neutral.
Seaport downgraded Spirit Airlines to neutral from buy.

Here are the biggest calls on Wall Street on Thursday: Bank of America upgraded Bed Bath & Beyond to buy from neutral Bank of America upgraded the retail store after a meeting with management and said investors should buy the "share pull back." "We are upgrading Bed Bath & Beyond to Buy from Neutral following a positive set of investor meetings with BBBY mgmt and a large pull back in shares that makes valuation more attractive. The overall tone from mgmt was confident as BBBY has made many changes that should position the company for growth and hit its 2023 target of $850mn-$1bn in EBITDA." Morgan Stanley reiterated Uber as a top pick in 2021 Morgan Stanley reiterated Uber as one of its favorite stocks this year after the company's mixed earnings report. "5 Reasons Uber Remains a Top '21 Pick. 1) Last mile and subscription in focus; 2) Rides TAM expanding; 3) Rides incremental margins arming investment and FCF; 4) Uber investing to extend platform offering; 5) Eats already showing ability to profitably scale." Piper Sandler upgraded Under Armour to overweight from neutral Piper upgraded the sports equipment company and said shares remain "unloved" and that it sees a series of sales and gross margin beats just ahead. "While shares have rebounded 30% YTD, we see another 25% from here and are upgrading shares from Neutral to Overweight as UAA 's house is coming into order. Estimates are conservative and we believe management has left cushion in 2H--both on sales and gross margins." Morgan Stanley upgraded Simon Property Group to overweight from equal weight Morgan Stanley upgraded the real estate company and said the stock was "cheap." "While retail faces accelerating secular challenges, we see multiple drivers of earnings growth for SPG and collaborative analysis supports a re-rate to 13x as recovery conviction grows." Citi upgraded Zillow to buy from neutral Citi upgraded the online real estate company after its strong earnings report and said the stock "looks cheap." "Further, we view the macro backdrop heading into 2021 favorably for ZG as (1) homebuyers utilize digital solutions more, (2) interest rates remain at historic lows, and (3) demand remains high for existing homes amid the 'Great Reshuffling.'" Seaport downgraded Spirit Airlines to neutral from buy Seaport downgraded the discount airline company after its disappointing earnings report and said it sees a more "balanced" risk/reward. "We're walking away from SAVE 's 4Q20 earnings release concluding that while 4Q results and a 1Q21 revenue outlook are as we expected, risk/reward is balanced at this point, hence our downgrade to Neutral (from Buy) and the withdrawal of our target price."

Here are the biggest calls on Wall Street on Thursday:

Dara Khosrowshahi, CEO of Uber, appears on CNBC's Squawk Box at the 2020 World Economic Forum in Davos, Switzerland on Jan,. 22nd, 2020.

Adam Galica | CNBC