Here are the biggest calls on Wall Street on Friday: Jefferies reiterates Airbnb as buy Jefferies said in a note to clients that the travel website company's second-quarter earnings report exceeded expectations and that Airbnb is one of the best "assets in travel." " ABNB remains the best growth story in travel, one that has leveraged, to the best of its advantage, changes in consumer behavior brought on by the pandemic. In the current recovery, mgmt is focused on capturing more supply and demand, while maintaining operational discipline." Morgan Stanley reiterates Disney as overweight Morgan kept its overweight rating on shares of the entertainment and media giant and said it is impressed by the company's third-quarter earnings report on Thursday . "F3Q results showed an even larger reopening earnings swing than the first half of F21. A supercharged U.S. consumer and the power of Disney drove earnings 25% ahead of expectations driven by Parks and Consumer Products." Read more about this call here. Citi upgrades Activision Blizzard to buy from neutral Citi said in its upgrade of the video game company that it sees a "compelling" entry point. " ATVI' s equity has come under pressure recently. At current levels, we believe that the risk-reward looks compelling and are upgrading ATVI from Neutral to Buy with at $105 target price." Read more about this call here. JPMorgan reiterates Netflix as overweight JPMorgan says its survey checks show engagement trends and investor interest picking up in the streaming giant's fourth quarter. "We continue to like Netflix shares toward year-end based on the strength of the 2H content slate, greater distance from pandemic pull-forward, and the still significant global secular streaming opportunity." Stephens reiterates Walmart as overweight Stephens kept its overweight rating on Walmart, saying it's bullish heading into the company's earnings report next week. "We think WMT should deliver solid results in the quarter, and we are revising our estimates higher for the quarter and balance of the year as we think back-to-school, sustained stimulus and solid execution should support results." JPMorgan reiterates Apple as overweight JPMorgan kept its overweight rating on the tech giant and said it sees further share gains as recent data shows that iPhone shipments continue to pick up. "China Academy of Information and Communications Technology (CAICT) disclosed that international ( Apple ) shipments rebounded and were back to the historical average levels of 2.8 mn, following a weak month in June. … International shipments demonstrate better seasonal trends in July; Apple continues to gain share." Evercore ISI adds Applied Materials to the top picks list Evercore added the semiconductor company to its top picks list and said it sees an "attractive" entry point. "Finally, we see the recent pullback for Foundry/DRAM (dynamic random-access memory) levered AMAT as an attractive entry point, as we see absolutely zero change to memory capex and are adding AMAT to our Top Picks list." Deutsche Bank initiates coverage of Bilibili as buy Deutsche said the Chinese video sharing website company has a "unique ecosystem." "With over 50% of China's young generation on board, Bilibili has established itself as China's leading video community alongside a unique ecosystem that features: 1) an aspiring and rapidly growing user base; 2) an ever-growing and comprehensive PUGV (professional user generated video) content library." Telsey reiterates Home Depot as outperform Telsey said it expects a "solid" second-quarter report from Home Depot when the home improvement store reports earnings next week. "While home improvement industry data has slowed, given challenging comparisons from last year, monthly retail sales data from the U.S. Census Bureau shows Building Materials, Garden Equipment, and Supply retailers still saw YoY growth—31.2% in April, 10.7% in May, and 7.0% in June." Morgan Stanley reiterates Simon Property as overweight Morgan Stanley raised its price target on Simon to $161 per share from $150 and said it's a "best-in-class" mall operator. "We expect SPG to prove to be a long-term winner from the shake-up in retail given its strong balance sheet and ability to self-fund (re)development costs with FCF generation." Seaport downgrades Morgan Stanley to neutral from buy Seaport downgraded the investment bank mainly on valuation. "Well, with two major acquisitions accelerating its transformation, and MS now trading at 14.0x our above consensus 2022E EPS of $7.50, we believe this thesis has mostly played out." Bank of America reiterates Advanced Micro Devices as buy Bank of America kept its top-pick status on shares of the stock and said it's staying "positive" and sees 25% upside. "We reiterate our Buy on AMD with a $135 PO, or 25% upside to current levels. We see strong catch-up potential despite the strongest upward EPS revisions in semis and with a clear path to ~doubling EPS to ~$5/sh on consistent roadmap execution/share gains against INTC who is distracted by expanding into non-core foundry market."
People visit the Apple store in the Oculus Mall in Manhattan on July 29, 2021 in New York City.
Spencer Platt | Getty Images News | Getty Images
Here are the biggest calls on Wall Street on Friday: