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 current renovation environment." "As demand remains elevated, we expect sequential improvement in supply disruptions to support sales levels at home improvement retailers as pent-up demand is released. We remain bullish on shares of Home Depot , Lowe's, and Floor & Décor, which we believe are all well-positioned in the current renovation environment." Bernstein names Alphabet a top second half pick Bernstein named the internet giant as a top pick for the rest of 2021 and said the stock is cheap. "In 1Q21 Google delivered one of the best prints of all-time. Can they repeat the performance here in the second quarter and again in the second half of the year? The pieces are all there." Read more about this call here. Baird reiterates Tesla as outperform Baird reiterated its outperform rating on shares of Tesla and said it sees demand remaining "quite healthy." "With TSLA' s 2Q21 delivery announcement due any day, our estimate is and remains 201k, more or less in line with consensus. ... .Notwithstanding any potential issues with 2Q21 deliveries, we remain confident that demand/orders remain quite healthy." Wolfe upgrades PNC to outperform from underperform Wolfe double upgraded the regional bank and said it was bullish on the stock after its completion of Texas-based banking company BBVA. "We are particularly excited about PNC's ability to grow revenues faster than the broader banking industry as it sells its products and services into BBVA USA's legacy markets." Goldman Sachs reiterates Sunrun as buy Goldman Kept its buy rating on shares of the solar company and said it sees big upside and growth over the next several years for Sunrun. "Growth could persist for the next decade or even longer. We believe valuation which reﬂects 3-5 years of growth for an opportunity that is as early-stage and secular as rooftop solar appears quite conservative." Mizuho reiterates CVS Health as buy Mizuho reiterated its buy rating on the national drug store and said the firm's recent survery shows CVS as best-in-class among pharmacy benefit managers. " CVS was consistently ranked on top by pharmacy benefit manager consultants when asked to rank the top three pharmacy benefit manager's. Competitive pricing, superior customer service, industry-leading clinical programs, and specialty offerings were all drivers of the positive commentary received."

Satya Nadella, chief executive officer of Microsoft Corp., speaks during the Windows 10 Devices event in New York on Oct. 6, 2015. Microsoft Corp. introduced its first-ever laptop, three Lumia phones and a Surface Pro 4 tablet, the first indication of the company's revamped hardware strategy three months after saying it would scale back plans to make its own smartphones.

John Taggart | Bloomberg | Getty Images

Here are the biggest calls on Wall Street on Friday: