Here are Friday's biggest analyst calls of the day: Peloton, Ford, Alphabet, Netflix & more

Published Fri, Mar 19 20218:11 AM EDTUpdated Fri, Mar 19 20218:38 AM EDT

Key Points

Evercore ISI reiterated Western Digital as a top pick.
Bank of America reiterated buy on Alphabet.
Susquehanna upgraded SolarEdge and Enphase Energy to positive from neutral.
Baird downgraded U.S. Bancorp to neutral from outperform.
Barclays upgraded Ford to overweight from neutral.
Stephens initiated Beyond Meat as overweight.
Wedbush upgraded Starbucks to outperform from neutral.
DA Davidson initiated Rover as buy.
Susquehanna raised its price target on Boeing to $300 from $250.
Cowen initiated Air Products as outperform.
JPMorgan upgraded Keurig Dr Pepper to overweight from neutral and downgraded Kimberly Clark and Molson Coors to underweight from neutral.
Canaccord downgraded the financials sector to neutral from buy.
Bank of America upgraded Petco to buy from neutral.
Bank of America reiterated Peloton as a top long-term pick.
UBS raised its price target on FedEx to $386 from $383
Wells Fargo raised its price target on Chipotle to $1,775 from $1,677.
Deutsche Bank added a catalyst call sell on Molson coors.
BMO reiterated Netflix as a top pick.

Here are the biggest calls on Wall Street on Friday: Evercore ISI reiterated Western Digital as a top pick Evercore ISI raised its price target on the stock to $100 from $80 per share and said it sees at least "30% upside" going forward. "Supported by a vision for peak/normalized earnings of at least $15/$7, we think 14x/7x normalized/peak earnings is reasonable – supporting our new price target of $100 (old $80). With vision to at least 30% upside as the NAND industry emerges from a cyclical trough, WDC remains a Top Pick." Wells Fargo raised its price target on Chipotle to $1,775 from $1,677 Wells Fargo raised its price target on the restaurant chain and said its delivery model gives it a leg up on the competition. The firm also reiterated its buy rating. "The math implies CMG has a competitive advantage in delivery economics, with a 19-20% delivery commission vs peers paying up to 30%, and 3-4% more delivery pricing (currently a 13% premium) make delivery dollar profit neutral." Bank of America reiterated buy on Alphabet Bank of America reiterated its buy rating on the internet giant and said despite the stock's underperformance of late, the firm sees Alphabet as a "top reopening" stock. "Since 2Q earnings were reported on 2/2 and GOOGL stock closed up 7% at $2,059 on 2/3, since 2/3 the stock is down 2% vs S & P 500 up 2%. As Google has broad economic exposure, and search was depressed over much of 2020, we view Google as one of the top reopening stocks in Online media (along with Twitter)." Susquehanna upgraded SolarEdge and Enphase Energy to positive from neutral Susquehanna upgraded the alternative energy companies and said the outlook for the sector remains "robust." "While the alternative energy sector has seen a recent multiple de-rating on concerns of rising yields, we think the outlook for the sector remains robust. We now expect 2021-'25 annual solar capacity additions in the US to average ~25 GWs, an increase of ~1 GW relative to our forecast in early January when we moved to the sidelines on ENPH and SEDG ." Baird downgraded U.S. Bancorp to neutral from outperform Baird downgraded the bank mainly on valuation. "Downgrading USB to Neutral. Higher interest rates and reopening optimism have sharply improved bank investor sentiment, and the market appears a bit frothy with USB and most banks now near or above pre-pandemic levels while the UST 10-year yield is only slightly above the previous all-time lows before 2020." Barclays upgraded Ford to overweight from neutral Barclays said in its upgrade of the auto company that it sees an improved margin outlook. "While we have liked Ford 's product cycle and profit improvement potential under an energetic new CEO, the lack of a clear, aggressive BEV strategy kept us on the sidelines. After a deep-dive into Ford Europe and in particular its VW alliance, we are more comfortable with the margin improvement outlook." BMO reiterated Netflix as a top pick BMO reiterated the streaming giant as a top pick and said it likes the company's "lack of antitrust and privacy spotlights" compared to peers in the sector. "By 2H, we think investors will be more focused on a 'new plateau' rather than the 'tough comps' and we also continue to find comfort in NFLX' s lack of antitrust and privacy spotlights relative the rest of FANG." Stephens initiated Beyond Meat as overweight Stephens initiated the alternative meat company and said it expects Beyond Meat will continue to "define the high end of the market." "Alt Protein went from a novelty to one of the most successful new food product launches in history in just two years. Now it is going mainstream. While Covid slowed food service growth, retail powered ahead anyway – a clear sign that a growing swath of consumers already recognize the Beyond brand as a tasty, healthy, and conscience-soothing alternative." Wedbush upgraded Starbucks to outperform from neutral Wedbush said in its upgrade of Starbucks that it now sees more "upside" and long-term visibility. "We believe upside exists to current FQ2 and FY21 estimates. Therefore, in conjunction with our belief that a high level of visibility into longer-term annual growth targets exists, we upgrade to OUTPERFORM from NEUTRAL." DA Davidson initiated Rover as buy DA Davidson initiated the online pet website and said it sees "powerful" coronavirus tailwinds. "Rover's differentiated platform has resulted in category-leading scale (10x its next largest competitor) in a large/expanding pet services market, and the company is poised to benefit from two powerful COVID-related tailwinds: the recent spike in pet ownership and a recovery in travel." Cowen initiated Air Products as outperform Cowen initiated the gas and chemical company and said its hydrogen strategy was a "differentiator." "We initiate APD as our top pick owing to the company's commitment to growth in what we see as a very attractive market for Energy Transition and upside to our price target." JPMorgan upgraded Keurig Dr Pepper to overweight from neutral and downgraded Kimberly Clark and Molson Coors to underweight from neutral JPMorgan upgraded Keurig Dr Pepper and said it sees "further valuation re-rating." The firm also downgraded Molson Coors and Kimberly Clark due to commodies and transportation cost increases. "We are upgrading Keurig Dr Pepper to Overweight from Neutral as we believe KDP's double-digit EPS growth warrants further valuation re-rating. Also, we are downgrading Molson Coors and Kimberly Clark to Underweight from Neutral despite their relative attractive valuation, as we believe consensus expectations do not reflect the commodities as well as transportation cost increases (for both)." Canaccord downgraded financials to neutral from buy Canaccord downgraded financials and said it was waiting for a "correction" in the sector as rates continue to rise. "This is a tactical call and given our positive fundamental core thesis of historic excess liquidity fueling a better-than expected economic recovery, we plan to be aggressive buyers again on any meaningful correction in the relative performance of the Financials." Bank of America upgraded Petco to buy from neutral Bank of America said in its upgrade of Petco that pet trends look "strong" throughout the rest of 2021. "As we initially discussed in our Home Work series, one of the consequences of the COVID-19 pandemic has been a 'pet boom' in the US. Americans spending more time at home have been adopting new pets at an accelerated rate, which we expect to provide a multi-year tailwind for specialty pet supply retailers." Bank of America reiterated Peloton as a top long-term pick Bank of America reiterated its buy rating on the equipment fitness company due to its strong product pipeline among other things. "We continue to see Peloton as one of top long-term penetration growth stocks in our coverage group. We have high conviction on the in-home shift and see a 30mn+ sub base as achievable." UBS raised its price target on FedEx to $386 from $383 UBS raised its price target on the shipping company to a Street high price target after its earnings report on Thursday and said a "long runway" remains for the stock. " FDX reported 3QF21 adjusted EPS of $3.47/share versus our estimate of $2.90 (and Consensus of $3.30). Upside was driven by stronger than expected Ground operating income of $702 mm versus our model of $520 mm while a lower than expected tax rate provided a boost." Deutsche Bank added a catalyst call sell on Molson Coors Deutsche Bank added a short-term sell call on shares of the beverage giant and said it was using "caution" about near-term results. The firm maintained its long-term hold rating. "We are adding TAP to our short-term Sell catalyst list (hedged vs. the Russell 1000 Value Index to better isolate company-specific risk in a market where Value stocks currently are exhibiting notable strength vs. Growth). This is driven primarily by caution around near-term (i.e., 1Q) results." Evercore ISI reiterated its outperform rating on Nike Evercore ISI reiterated its outperform rating and street high price target of $185 on shares of Nike after its earnings report on Thursday and said it was "impressed" by the company's transformation during the coronavirus. "But putting aside these temporary disruptions, we were impressed with Nike 's continued transformation into a highly profitable, technologydriven consumer franchise -- particularly as the company adds the science of data analytics to the art of sport, innovation, community, and style." Susquehanna raised its price target on Boeing to $300 from $250 Susquehanna raised its price target on shares of the company and said as the economy reopens and consumers return to the sky, Boeing will continue to "gain investor interest." "As global economies reopen, passenger traffic recovers, and airline customers return to more normal levels of activity, we believe BA will continue to gain investor interest. In addition to deliveries ramping in 2021-2022, Boeing is taking billions of dollars of structural costs out of the business that should help to amplify profits as revenues recover."

Workers arrive at the Boeing plant where 737 MAX airplanes are assembled on April 21, 2020, shortly after it reopened, in Renton, Washington.

Stephen Brashear | Getty Images

Here are the biggest calls on Wall Street on Friday: