Here are Thursday's biggest analyst calls of the day: Exxon, Bumble, GE, Planet Fitness & more

Published Thu, Mar 4 20218:07 AM EST

Key Points

Susquehanna initiated Bumble with a positive rating.
Piper Sandler upgraded Qualcomm to overweight from neutral.
Morgan Stanley raised its price target on General Electric to $17 from $13.
Deutsche Bank upgraded Snowflake to buy from hold.
Cowen downgraded Planet Fitness to market perform from outperform.
Truist upgraded Anthem to buy from hold.
JPMorgan reinstated coverage of Charles Schwab as overweight.
Bank of America reiterated Exxon as a top pick.
Bank of America upgraded J.B. Hunt to buy from neutral.

Here are the biggest calls on Wall Street on Thursday: Susquehanna initiated Bumble with a positive rating Susquehanna initiated the dating app company and said it sees upside as Bumble carves out a "solid niche." "The online dating market is large and growing at a healthy double-digit rate. Market dynamics, such as evolving cultural norms and lengthening dating windows, are helping to spur growth of the category. We believe BMBL has firmly entrenched itself in the market, carving out a solid niche with its female-centric dating app." Piper Sandler upgraded Qualcomm to overweight from neutral Piper said in its upgrade of the stock that it sees a "compelling" entry point. "We are upgrading Qualcomm to Overweight from Neutral, as we feel current levels represent a compelling long-term entry point. Qualcomm is trading at a 5-year low relative to the SOX on a P/E basis, and the company is one of the cheapest in large/mega cap semiconductors." Morgan Stanley raised its price target on General Electric to $17 from $13 Morgan Stanley raised its price target on the stock to a Wall Street high ahead of General Electric's investor day on March 10 and said it sees "solid growth" in the company's core businesses. "We believe the March 10th outlook is a catalyst and it sets up a multi-year path to above-consensus FCF of ~$0.90 in 2023 with solid growth in the core businesses further beyond. We are raising our price target from $13 to $17." Deutsche Bank upgraded Snowflake to buy from hold Deutsche upgraded the cloud-based data warehouse company after its earnings report and said it sees a "very large" total addressable market. " Snowflake product revenue rose 116% in 4Q, a 2ppt sequential acceleration, and at the high end of the buy-side bogey. We see Snowflake's growth as suggestive of a very large TAM and a clear product market fit." Cowen downgraded Planet Fitness to market perform from outperform Cowen downgraded the gym company mainly on valuation. " PLNT 's long-term prospects remain exceptional as the company will take share from a leadership position. We downgrade to Market Perform as we expect subdued new member growth to drive negative comps in 1H and yield lack of upside to 2021 EPS. Cowen's survey echoes that consumers remain somewhat cautious on returning to gyms." Truist upgraded Anthem to buy from hold Truist upgraded the health insurance provider after an "upbeat" investor day and said it had "increased conviction" around "several attractive" opportunities for the company. "We are upgrading shares of Anthem from Hold to Buy on the heels of an upbeat Investor Day and our increased conviction around attractive opportunities on several fronts that we expect to firmly underpin the company's long-term 12%-15% EPS growth guidance." Bank of America upgraded J.B. Hunt to buy from neutral Bank of America upgraded the trucking company and said J.B. Hunt was "well positioned for a strong 2021 cyclical recovery." "With inventory replenishment set to continue through the Summer, and consumer demand showing no signs of abatement, we see truckload carriers positioned to capitalize on a robust 2021 demand environment." JPMorgan reinstated coverage of Charles Schwab as overweight JPMorgan reinstated coverage of the brokerage investment company and said it was "well positioned to benefit from this new era of retail investing." "We see Schwab as a leader in retail brokerage, with growth opportunities that leverage changes to structure or leverage secular trends that should drive earnings growth for multiple years. We see Schwab benefiting from the surge in retail trading, which we expect will seed future Schwab investing clients." Bank of America reiterated Exxon as a top pick Bank of America reiterated the oil and gas company as a top pick after the company's investor day. The firm also raised its price target on the stock to a Street high $84 from $81. "Our rating is Buy; XOM is our top major pick. Our PO moves to $84 on cost efficiencies and improved cash margin outlook for E & P's that sees margins expand 20% on flat production. Please see exhibit 16 for our new earnings estimates.

A pigeon flies over a Exxon mobil gas station on October 25, 2018 in Gutenberg New Jersey.

Kena Betancur | Corbis News | Getty Images

Here are the biggest calls on Wall Street on Thursday: