Here are Thursday's biggest analyst calls of the day: Amazon, Uber, Microsoft, FedEx & more

Published Thu, Apr 8 20218:16 AM EDT

Key Points

Morgan Stanley downgraded WW International to equal weight from overweight.
Credit Suisse downgraded F5 Networks to neutral from outperform.
JPMorgan upgraded US Bancorp to overweight from neutral.
Morgan Stanley downgraded NXP Semiconductor to equal weight from overweight.
Goldman Sachs upgraded Textron to buy from neutral.
JPMorgan added FedEx to the focus list.
Cowen initiated William-Sonoma as outperform.
Morgan Stanley reiterated Microsoft as a top pick.
Bank of America named Salesforce a top pick.
BTIG named Papa John's a top pick.
Bank of America reiterated its buy rating on Uber.
Deutsche Bank reiterated its buy rating on Roku.
Argus reiterated its buy rating on Amazon.

Here are the biggest calls on Wall Street on Thursday: Morgan Stanley downgraded WW International to equal weight from overweight Morgan Stanley downgraded the company formerly known as Weight Watchers and said it sees a more "balanced" risk/reward. " WW now sits within ~5% of our $34 price target, and at this price we see a more balanced risk reward, especially given weaker 1Q app download data and our US Equity Strategist's downgrade of small cap and discretionary names." Credit Suisse downgraded F5 Networks to neutral from outperform Credit Suisse downgraded the application and delivery network company mainly on valuation. "Following FFIV' s stock climb of ~20% YTD 2021, currently trading at 18.4x FY22 consensus EPS, we are downgrading FFIV shares to Neutral (from Outperform) ahead of F2Q21 earnings results." JPMorgan upgraded US Bancorp to overweight from neutral JPMorgan said in its upgrade of the banking company that it was a key recovery stock. "We are upgrading US Bancorp to Overweight from Neutral as it is the biggest beneficiary of recovery in spending in our universe. As spending picks up, US Bancorp should benefit the most as card-related fees accounted for 16% of its total revenues in 2019." Morgan Stanley downgraded NXP Semiconductor to equal weight from overweight Morgan Stanley downgraded the stock mainly on valuation. "After a period of outperformance, NXPI has closed the previous valuation gap relative to peers. ... . However, we now expect the stock to perform in line with the group and thus move to the sidelines." Goldman Sachs upgraded Textron to buy from neutral Goldman upgraded the industrial conglomerate and said it saw indications that the business jet industry was improving. "We upgrade TXT to Buy from Neutral. Leading indicators in the business jet market have improved, especially in Textron's aircraft categories and for Cessna aircraft speciﬁcally. Its Industrial and commercial helicopter segments should beneﬁt from an economic recovery." JPMorgan added FedEx to the focus list JPMorgan added the shipping giant to its focust list and said it had an "attractive" valuation among other things. "We are not changing any ratings, but we did add FDX to the U.S. Analyst Focus List based on its multi-year growth potential at an attractive valuation, supported by industry pricing power and the TNT integration." Cowen initiated William-Sonoma as outperform Cowen said in its initiation of the retail home furnishing and cooking store that buybacks should "support further earnings per share growth." "We believe the market under-appreciates WSM 's ability to sustain its +mid-single-digit to +high-single-digit revenue growth outlook through FY25." Morgan Stanley reiterated Microsoft as a top pick Morgan Stanley reiterated the stock as a top pick after a recent survey and said it sees a "fulsome demand recovery and strong Microsoft- specific fundamentals." "Strong Microsoft data points from our CIO survey compounded by an improving macro backdrop, should bode well for financial performance going forward." Bank of America named Salesforce a top pick Bank of America named the stock as a top pick and said it was bullish on the company's digital transformation among other things. " CRM view as a top pick and believe a long runway still exists for 17%+ organic revenue growth, led by front office digital transformation in the enterprise." BTIG named Papa John's a top pick BTIG called Papa John's a top pick and said it was bullish on the company's menu "innovations." "Additionally, Epic Stuffed Crust has been wildly successful with same-store sales in the 20%-30% range through the first quarter and likely becoming permanent." Bank of America reiterated its buy rating on Uber Bank of America reiterated its buy rating on shares of Uber and said the recently passed stimulus bill should help mobility bookings. "We expect any impact on the Mobility take rate would be offset by higher Mobility bookings, with strong demand trends in the US likely prompting the stimulus." Deutsche Bank reiterated its buy rating on Roku Deutsche Bank reiterated its buy rating on the stock and said investors should buy the dip. "While many growth-oriented tech companies have faced challenges in the current environment, with the transition to streaming continuing at a rapid pace, we see the recent pullback in Roku 's stock as a good buying opportunity." Argus reiterated its buy rating on Amazon Argus reiterated its buy rating on shares of Amazon due to the company's streaming deal with the NFL as well as ad growth. "We believe that the NFL content sets Prime apart in a sea of drama series, comedies, documentaries and original movies, and that it will drive growth in Prime membership. Amazon 's frequently visited retail platform is outpacing rivals on ad revenue growth, with online ad dollars growing more than 50% in 2020."

HONG KONG, CHINA - 2021/03/12: American FedEx Express delivery truck seen in Hong Kong. (Photo by Chukrut Budrul/SOPA Images/LightRocket via Getty Images)

SOPA Images | LightRocket | Getty Images

Here are the biggest calls on Wall Street on Thursday: