Here are Thursday's biggest analyst calls of the day: GM, Peloton, Foot Locker, Uber & more

Published Thu, May 6 20218:18 AM EDTUpdated Thu, May 6 20219:40 AM EDT

Key Points

Stifel upgraded MercadoLibre to buy from hold.
Morgan Stanley reiterated Uber as overweight.
Credit Suisse reiterated Peloton as outperform.
Mizuho downgraded Pfizer to neutral from buy.
Jefferies reiterated buy on Etsy.
Goldman Sachs reiterated its buy on Sunrun.
Bank of America upgraded Zynga to buy from neutral.
Credit Suisse reiterated its outperform rating on General Motors.
Susquehanna reiterated its positive rating on Match Group.
Cowen upgraded Darden to outperform from market perform.
Citi reiterated its buy rating on Foot Locker.

Here are the biggest calls on Wall Street on Thursday: Stifel upgraded MercadoLibre to buy from hold Stifel upgraded the online e-commerce marketplace company after its earnings report and said it was bullish on MercadoLibre's growth. "We are upgrading shares on the back of the strong 1Q performance as we believe growth will prove more resilient against challenging compares than previously expected. The pandemic has resulted in greater adoption of eCommerce and digital payments, and the longer the effects of the pandemic last, the more likely changes in consumer behavior will become permanent." Read more about this call here . Morgan Stanley reiterated Uber as overweight Morgan Stanley reiterated its buy rating on shares of Uber and said investors should buy the "weakness." "Fundamentally, rideshare is recovering, delivery rapidly growing, and breakeven ahead. OW; buy on headline weakness. … While investors are highly focused on regulation, it is also important to review 1Q results/forward trends and why we remain bullish fundamentally about this recovery asset and how we think about its scaling, cross-product, cash-flow generative potential into '22." Credit Suisse reiterated Peloton as outperform Credit Suisse reiterated its outperform rating on the stock after the company announced it was recalling its Tread and Tread+ treadmill and said it sees a buying opportunity. " PTON shares fell -15% [Wednesday] and are down ---45% YTD likely driven by a rotation away from growth and pandemic beneficiaries, as well as weakening 3rd-party data and safety headlines." Read more about this call here. Mizuho downgraded Pfizer to neutral from buy Mizuho downgraded the stock mainly on valuation. "However, with the recent strength in Pfizer shares, we find it more challenging to see clear drivers of meaningful upside, leading us to downgrade the stock to Neutral, while maintaining our $42 PT." Read more about this call here. Jefferies reiterated buy on Etsy Jefferies reiterated its buy rating on shares of the e-commerce website company after its earnings report on Wednesday and said it sees a buying opportunity. "We view weakness in ETSY 's shares as a buying opportunity, given valuation stands at a discount to the growth-adjusted multiple, a track record of beating guidance and our outlook for accelerating growth." Goldman Sachs reiterated its buy on Sunrun Goldman Sachs reiterated its buy rating on shares of Sunrun after the company's robust earnings report on Wednesday and said it was a "bellwether" solar name. "Given this comes in the midst of ongoing supply chain concerns and heightened investor fears around macro headwinds to growth for the sector we believe RUN 's status as a bellwether solar name and clean execution will drive some near-term relief that broader solar industry fundamentals may not be nearly as in duress as the recent stock underperformance would suggest." Read more about this call here . Bank of America upgraded Zynga to buy from neutral Bank of America upgraded the stock after its earnings report on Wednesday and said the company is in a "better position than at any point in its history." "Strong 1Q results, sustainable double-digit organic growth, increasing Intl. reach, and multiple cross-platform titles in development underpin our view ZNGA is in a better position now than at any point in its history on mobile." Read more about this call here. Credit Suisse reiterated its outperform rating on General Motors Credit Suisse reiterated its outperform rating on the auto giant after its earnings report on Wednesday and said it sees strong U.S. demand among other things "Moreover, from a secular perspective, GM is increasingly showing it offers one of the most holistic and ambitious EV strategies amongst legacy original equipment manufacturers as well as opportunities to expand to Auto 2.0 businesses." Susquehanna reiterated its positive rating on Match Group Susquehanna reiterated its positive rating on shares of the online dating company and said it sees "lots of upside potential." "We see MTCH as one of the strongest business franchises in the Internet sector, believe a likely 2H recovery should be a strong tailwind (which doesn't appear to be fully reflected in the outlook or sentiment), and would recommend taking advantage of the recent dip in the shares." Cowen upgraded Darden to outperform from market perform Cowen upgraded Darden and said it was "constructive" on sales at its Olive Garden restaurants. "Our bull/bear case suggests a balanced upside/downside ratio, while we have greater confidence in our bull case transpiring. Our conversation with a casual dining board member paints a favorable picture for calendar 2021 sales." Read more about this call here. Citi reiterated its buy rating on Foot Locker Citi reiterated its buy rating on shares of Foot Locker and said the athletic footwear company was "a better way to play a strong" U.S. market. "We believe FL is a good way to play the recovery in the US as it is well positioned in the healthy and growing athletic category and shares are trading at a reasonable F22E EV/EBITDA multiple of 5.5x."

Josh Silverman, CEO of Etsy.

Adam Jeffery | CNBC

Here are the biggest calls on Wall Street on Thursday: