Here are Thursday's biggest analyst calls of the day: Amazon, MGM, Nvidia, GE, Schwab, JNJ & more

Published Thu, Jul 8 20218:22 AM EDT

Here are the biggest calls on Wall Street on Thursday: Oppenheimer raises price target on Nvidia to $925 from $700 Oppenheimer raised its price target on shares of Nvidia and said it had a bullish "long-term outlook" on semis. "Constraints are well understood, though we believe investors still expect widespread upside similar to the last few Qs (where 'sell the news' was prevalent). We remain bullish on the long-term outlook for semis." RBC downgrades D.R. Horton to sector perform from outperform RBC said in its downgrade of the home building company that it was "cautious" on increased pricing. "We downgrade DHI to Sector Perform from Outperform as we grow more cautious on builder stocks near-term and believe that DHI's order trends over the next several quarters will limit further meaningful positive earnings revisions." Read more about this call here. Wells Fargo reiterates Johnson & Johnson as overweight Wells Fargo reiterated its overweight rating on shares of the multinational medical device and supply company and said it expected the company to "at least meet" Street expectations when it reports earnings. " JNJ is to report Q2 results on 7/21. … We expect JNJ to at least meet Q2 Street expectations in the top- and bottom-line given the positive tone at investor conferences during Q2." Telsey initiates Hibbett Sports as outperform Telsey said in its initiation of the sporting good store that it had an attractive valuation. " Hibbett has benefited from strong demand for athletic apparel and footwear during the pandemic, and we believe sales growth can continue over the next several years given the company's unique geographic footprint in small and rural markets, a higher pace of store openings, expanded omnichannel capabilities and more streamlined distribution of Nike products." Goldman Sachs reiterates Advanced Micro Devices as buy Goldman kept its buy rating on shares of Advanced Micro Devices and said the market was underestimating the company's growth potential. "Bottom line, we believe the market is underestimating the company's near- and long-term revenue growth potential, margin expansion opportunity, and ultimately earnings power, and reiterate our Buy rating on the stock." Jefferies reiterates Dollar General as buy Jefferies kept its buy rating on shares of the discount retailer and said it sees more "share gains" as the company unveils new health care offerings. "We believe DG's planned expansion of its health care offering and the hiring of Albert Wu, M.D. to be Vice President, Chief Medical Officer, should lead to further share gains, increased traffic, higher basket sizes, better comps, enhanced store productivity, and greater profitability ahead." Needham initiates coverage of The RealReal and Etsy as buy Starting coverage of The RealReal , Needham said that it sees "upside earnings revisions" for the luxury online and brick-and-mortar retailer. The firm also initiated Etsy and said it liked the company's "diversified" offerings. "We think we are in the early innings of a powerful apparel cycle as the consumer is healthy (the labor market is coming back and savings rates are at recent multi-decade highs) and there is pent-up demand, as evidenced by spending on apparel and accessories climbing almost 70% YTD through May." Jefferies initiates coverage of Johnson Controls as buy Beginning its coverage of Johnson Controls , Jefferies said that the stock was underappreciated. "With revenues skewed towards later cycle commercial and industrial end markets and a strong services business coupled with an outsized cost savings program we believe investors are underappreciating the earnings and valuation potential of the business." Jefferies reiterates MGM and Caesars as best ideas Jefferies reiterated MGM and Caesars as best idea's and said the casino stocks were "broadly compelling." "Our view is that the recovery continues to accelerate and as should 2022 estimates. Second, the advent of digital gaming provides a growth engine that is forthcoming in ensuing years, which should bear some value in current levels.' Goldman Sachs downgrades Charles Schwab to neutral from buy Goldman said in its downgrade of Charles Schwab that it sees "less upside" in the stock. "Looking ahead, we see considerable leverage in the model to continue to drive strong net new asset growth, beneﬁt from both revenue and expense synergies from the Ameritrade merger, and also drive signiﬁcant top line growth through continued organic growth as well as inorganically from the margin upside inherent in the company's signiﬁcant rate sensitivity." Read more about this call here. Goldman Sachs initiates coverage of TransUnion as buy Goldman said that TransUnion was well positioned to benefit as bank underwriting eases. "We believe the U.S. consumer credit industry is poised for attractive expansion over the next 2 to 3 years, leveraged to an improving macro backdrop, healthy consumer credit proﬁles, and a rebound in the auto and card categories as bank underwriting eases post-Covid." Wedbush initiates coverage of Brinker as outperform Wedbush began coverage of the owner of Chili's restaurant and said it saw "upside." "We expect a post-Covid acceleration in EAT's growth vs. pre-Covid growth rates to result in a premium versus its pre-Covid valuation metrics. We also expect upside to near- and medium-term expectations." Barclays reiterates General Electric as overweight Barclays reiterated its overweight rating on shares of GE and said the stock is likely to outperform this earnings season. "Aerospace exposure is one of the most attractive, and not particularly well-favored (yet) by consensus end-markets (unlike non-residential buildings) as we look out to 2022; GE remains the multi industrial name most levered to what should be a sharp cyclical rebound over the next 2 to 3 years." Wolfe reiterates Amazon as a top pick Wolfe reiterated Amazon as a top pick heading into earnings, but said consensus estimates were a bit "aggressive." " AMZN remains our top mega cap pick for LT but we think the consensus 3Q revenue estimate is slightly aggressive. … Should come in at high-end of 2Q guide; Don't see a lot of upside to street 3Q estimate on guidance considering the potential pull forward of back-to-school shopping & stabilization in eCommerce activity."

The marquee and sign at an entrance at MGM Grand Hotel & Casino display messages after the Las Vegas Strip resort was closed as the coronavirus continues to spread across the United States on March 17, 2020 in Las Vegas, Nevada.

Ethan Miller | Getty Images

Here are the biggest calls on Wall Street on Thursday: