Here are Friday's biggest analyst calls of the day: Tesla, Microsoft, Home Depot, Sunrun & more

Published Fri, Jul 2 20218:11 AM EDT

Here are the biggest calls on Wall Street on Friday: UBS reiterates Chipotle as buy UBS reiterated its buy rating on shares of the Mexican chain restaurant and said the long term growth remains "compelling." "We continue to see upside for CMG shares following nearly 20% move since May, supported by multiple near and longer-term catalysts. Near-term, we expect accelerating comp momentum given: recent 3.5-4% menu pricing w/ more in 4Q, recovering dine-in traffic while digital sales remain elevated, new product launches, and throughput improvements." Read more about this call here. Goldman Sachs reiterates Microsoft as buy Goldman kept its buy rating on shares of the tech company after its Windows 11 announcement but said it did not think "future Windows releases will drive PC upgrade cycles to the same magnitude" as they have in the past. "With a strong presence across all layers of the cloud stack, including applications, platforms, and infrastructure, Microsoft is well positioned to capitalize on a number of long-term secular trends, including public cloud and SaaS adoption, digital transformation, AI/machine learning, business intelligence/analytics, and DevOps." Bank of America reiterates Uber as buy Bank of America kept its buy rating on shares of Uber and said it sees "significant upside potential." "We expect an improving labor participation rate in 3Q to aid take rates, and expect mgmt. to address various overhangs on the 2Q earnings call. Reiterate Buy as we believe Uber is on track to reach breakeven profitability by year end, potentially helping reach a higher valuation multiple." Read more about this call here. Morgan Stanley reiterates Tesla as overweight Morgan Stanley reiterated its overweight rating on the automaker and said it sees a large opportunity for Tesla in India over the next several years. "We think Tesla India is going to start getting serious investor attention in the coming months/quarters as the company seeks to greatly expand its international non-China manufacturing and commercial footprint." Bank of America reiterates Home Depot and Lowe's as buy Bank of America kept its buy ratings on Home Depot and Lowe's and said the home improvement stores were "well-positioned in the curre