Here are Friday's biggest analyst calls of the day: Alphabet, Fisker, Airbnb, Disney & more

Published Fri, Feb 12 20218:18 AM EST

Key Points

Oppenheimer downgraded Williams-Sonoma to perform from outperform.
Wolfe downgraded Airbnb to peer perform from outperform.
Berenberg downgraded Royal Caribbean to sell from hold and Norwegian to hold from buy.
Morgan Stanley initiated Fisker as overweight and Lordstown Motors as underweight.
Citi raised its price target on Alphabet to $2,415 from $2,086.48.
Bank of America raised its price target on Disney to $223 form $192.

Here are the biggest calls on Wall Street on Friday: Oppenheimer downgraded Williams-Sonoma to perform from outperform Oppenheimer said in its downgrade of the stock that Street forecasts were "too optimistic." "Over the past few quarters, sales and profit trends at Williams-Sonoma strengthened markedly, as the company leveraged well recent strategic investments to contend effectively with COVID-19 disruptions and capitalize upon underlying shifts within the consumer landscape. We remain upbeat towards longer-term fundamental prospects for WSM." Wolfe downgraded Airbnb to peer perform from outperform Wolfe downgraded the online vacation rental marketplace mainly on valuation. "Downgrading ABNB from Outperform to Peer Perform, as we simply cannot justify the current valuation, and there are also some upcoming risks for the stock, in our view. Since our initiation in December, we've emphasized that if fundamentals are improving and ABNB is executing it can be a good stock regardless of its expensive valuation." Berenberg downgraded Royal Caribbean to sell from hold and Norwegian to hold from buy Berenberg downgraded the cruise company's and said the stocks look "expensive" and that significant "headwinds" remain. "We fully expect pent-up demand for the industry to be a significant tailwind for the cruise sector; however, we believe there are significant headwinds that are not factored into current share prices. ... .We remain sellers of Carnival and downgrade both Royal Caribbean Cruises and NCLH ." Morgan Stanley initiated Fisker as overweight and Lordstown Motors as underweight Morgan Stanley initiated several electric vehicle companies and said Fisker was its "sleeper" pick while Lordstown has "elevated execution risk." "In the fast moving EV/battery startup landscape, highly differentiated technology and/or business models with a path to scale offer potentially exciting investment opportunities. We initiate on QuantumScape and Fisker at Overweight, and Lordstown and Romeo at Underweight." Citi raised its price target on Alphabet to $2,415 from $2,086.48 Citi rised its price target on the stock but removed the company as a top pick and said Street estimates were "too high." "While COVID has accelerated the digital ad migration, Street estimates for the next three years seem too high to us. However, even with our more conservative estimates, the valuation seems compelling in both absolute terms and relative to history. As such, we are maintaining our Buy rating and raising our target price to $2,415. But, given the risk of downward estimate revisions, Alphabet is no longer our top pick. Bank of America raised its price target on Disney to $223 from $192 Bank of America raised its price target on the stock after its "strong" earnings report on Thursday and said it expects shares to go higher. "Operating leverage kicks in. DIS ' F1Q results were strong, driven by robust direct-to-consumer trends and a significantly better revenue/margin trajectory within the Parks, Experiences & Consumer Product (PECP) segment. We expect this, coupled with bullish commentary surrounding the medium term PECP outlook to drive shares higher."

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Here are the biggest calls on Wall Street on Friday: