Here are Friday's biggest analyst calls of the day: Tesla, Amazon, Plug Power, Delta & more

Published Fri, Nov 19 20218:42 AM ESTUpdated Fri, Nov 19 20219:24 AM EST

Here are the biggest calls on Wall Street on Friday. Rosenblatt downgrades Snowflake to neutral from buy Rosenblatt downgraded the stock mainly on valuation. "However, at current levels, we believe that most of the near-term upside is already priced into the stock and are, therefore, downgrading our rating on Snowflake to a Neutral from Buy." Morgan Stanley downgrades Arista Networks to equal weight from overweight Morgan Stanley cited valuation concerns for the downgrade. "We are downgrading ANET to Equal-weight (from Overweight) because we believe valuation has come to credit much of the upside we expect over the next year." Barclays downgrades SiriusXM to underweight from equal weight Barclays said it sees no near-term positive catalysts. "We downgrade SIRI based on its recent outperformance and consequent valuation vs. our coverage universe, potential for balance sheet complexity, and slowing growth." Morgan Stanley reiterates Tesla as overweight Morgan Stanley said that an Apple car entry would be a negative for Tesla. "While this may take many years to play out, if at all … we view a potential entry by Apple into the autonomous e-mobility market as a clear negative for much of our automotive coverage." Read more about this call here. Citi opens a positive catalyst watch on PulteGroup Citi opened a positive catalyst watch on shares of the homebuilder, noting that Pulte is well-positioned in the single-family for rent market. "The burgeoning single-family for rent (SFR) market has been a driver of 2021 housing market strength, as Homebuilders start to shift more production directly towards single-family built-for-rent homes." Morgan Stanley reiterates Amazon as overweight Morgan Stanley kept its overweight rating on shares of the e-commerce giant and said it still sees underappreciated aspects of the company. "We remain OW AMZN ($4,000 PT with ~13%upside) as we continue to think current valuation is under-appreciating the multi-year durability of top-line retail revenue growth and company-wide profitability (from retail and high margin revenue streams) as the company grows into its outsized '20/'21 build BMO initiates Pfizer as outperform BMO said in its initiation of Pfizer that the pharmaceutical giant has an "attractive valuation" and "rich pipeline." "We initiate coverage of Pfizer with an Outperform Rating and $60/share target price, based on: 1) our positive view of the company's top-line growth and potential for margin leverage through the mid-2020s; 2) a longer-than-projected tail from the COVID-19 vaccine business 3) rich pipeline, with multiple de-risking catalysts near term; and 4) financially solid fundamentals with an attractive valuation, relative to peers." Read more about this call here. Deutsche Bank opens a catalyst call sell on Robinhood Deutsche Bank kept its long-term hold rating, but opened a short-term catalyst call sell idea on shares of the trading app company, noting it expects the stock face near-term pressure. "We are opening a sell Catalyst Call on Robinhood Markets hedged against Charles Schwab (SCHW - Buy rated) as we think HOOD shares may continue to face near-term pressure, while we expect SCHW shares to continue to advance upon strong organic growth and investor sentiment for interest rates to rise. Read more about this call here. RBC upgrades Datadog to outperform from sector perform RBC said it has "increased conviction" in shares of Datadog. "Overall we remain bullish on observability in a post-COVID world, which we believe will continue to be fueled by rapid growth in cloud-based workloads and the need for increased monitoring." BMO initiates Eli Lilly as outperform BMO said Eli Lilly that it has "superior" top and bottom line growth. "We are initiating coverage of Eli Lilly shares with an Outperform rating and $311 target price, based on: 1) superior top- and bottom-line growth warranting the current multiple premium; 2) continued strength in diabetes, driven by Trulicity, Jardiance, and eventually tirzepatide; 3) strong pipeline prospects led by donanemab (in addition to other therapeutic areas); and 4) modest but achievable expectations in oncology." Wolfe upgrades Delta and Southwest to outperform from sector perform Wolfe said the airlines have the right amount of supply to maintain their business models. "We upgrade two old investor favorites to OP today: LUV and DAL . Both are out of favor. Neither got stupid overnight. In fact, both of those airlines are facing the same problem: they're paying the price for acting quickly when Covid hit. No other airlines were more aggressive on headcount cuts early in Covid, and both are quite frankly scrambling to catch back up." Goldman Sachs upgrades Intuit to buy from neutral Goldman said it likes Intuit's strong execution. "Following a strong F1Q22 with beats across all key metrics and an organic raise, we are upgrading Intuit to Buy from Neutral and raising our price target to $840." MKM upgrades Walmart to buy from neutral MKM said Walmart is one of the best-positioned stocks compared to competitors. "Relative to peers, we are impressed by Walmart's positioning: 1) better inventory levels heading into the Holidays 2) best progress toward building a subscription model (Walmart+); 3) developing third-party marketplace and endless aisle; 4) two-year stacked trends accelerating where others are stagnant; 5) best positioned should the consumer become more price discerning due to energy and food inflation." Read more about this call here. Guggenheim reiterates World Wresting Entertainment as buy Guggenheim kept its buy rating on shares of World Wrestling and says it sees an "attractive" buying opportunity in 2022. "Looking ahead to 2022, we see numerous opportunities (international networks deals, sponsorship, monetization of intellectual property, live events, two Saudi events, and the MENA TV rights) culminating in increasing investor focus on the next U.S. media rights renewal for RAW and SmackDown." Wedbush raises price target on Tesla to $1,400 from $1,100 Wedbush raised its price target on the automaker, saying the "green tidal wave" continues. "We believe the Street is continuing to digest the massive transformation coming to the auto industry around the EV revolution in 2022 and beyond as this green tidal wave will result in a $5 trillion market opportunity over the next decade with Tesla leading the way." Wells Fargo upgrades Ingersoll Rand to overweight from equal weight Wells Fargo said the industrial solutions company is well-positioned for outperformance. "We view IR as one of the best multi-year set-ups in our group on organic growth, M & A growth, margin expansion and earnings growth. The investor day also helped highlight exposure to key thematic trends. We expect it all combines to translate to relative outperformance, whether the group is going up or down.' Deutsche Bank reiterates Charles Schwab as a top pick Deutsche kept the financial services company as a top pick, noting it has the "best risk/return profile" into year-end. "Overall, from a subsector perspective, we see the interest rate sensitive stocks in our coverage ( Charles Schwab and the trust banks) possessing the best risk/return profile into year-end, especially with their leverage to potentially higher interest rates mitigating any possible downside risk from potential equity market pullbacks." Morgan Stanley reiterates Plug Power as overweight Morgan Stanley raised its price target on shares of Plug Power to $65 per share from $43 per share, citing bullishness on hydrogen production. "We are significantly increasing our revenue estimates, notably in electrolyzers (+131%) & hydrogen production (+86%), driven by management commentary on growth from these businesses over the next several years. This drives a 51% increase in our PT to $65, implying 61% upside from current levels." Citi opens a positive catalyst watch on Micron Citi kept its buy rating on shares of Micron and says it sees a DRAM correction. DRAM stands for dynamic random-access memory. "We expect more positive catalysts for DRAM in the coming months and are initiating a positive catalyst watch on Buy-rated Micron as we expect the stock to trade higher as investors gain more confidence the DRAM correction is drawing to a close." Argus upgrades Tapestry to buy from hold Argus said in its upgrade of the Coach parent that it likes the company's direct-to-consumer model. "Upgrading to BUY with $54 target. We have a favorable view of Tapestry's direct-to-consumer sales model and of its efforts to expand internationally and attract younger customers. We also like its use of data analytics to better understand customer preferences, which has improved marketing and led to stronger sales." Evercore ISI adds Micron and Lam Research to the top picks list Evercore added Micron and Lam to the firm's top picks list and says both stocks have been underperformers but are "ripe to start working again." " Micron - Green Shoot's in Data Center & PCs? Increasing Visibility to 1H22 Bottom and Adding Back to Top Pick. ... . LRCX - Meaningful Underperformer Since June; Ripe to Outperform from Here; Adding Back to Top Pick."

Amazon's Shannon Building in Dublin.

Artur Widak | NurPhoto | Getty Images

Here are the biggest calls on Wall Street on Friday.