Here are Thursday's biggest analyst calls of the day: Mattel, Macy's, Coinbase and more

Published Thu, Feb 24 20228:03 AM ESTUpdated Thu, Feb 24 202211:23 AM EST

Jesse Pound @/in/jesse-pound @jesserpound

Here are the biggest calls on Wall Street on Thursday: JPMorgan downgrades FuboTV to neutral from overweight The sports-focused streamer's path to profitability remains unclear after its latest earnings report, according to JPMorgan. "We view FUBO as more susceptible in the near term to a potential drop-off in subscribers without Turner Networks for March Madness content in Q1, and a lower allocation of marketing dollars to its sports book may lead to a sub-scale operation vs. competitors." Stifel upgrades Mattel to buy from hold Toymaker Mattel could be entering a period that mirrors its " peak results " from nearly a decade ago, according to Stifel. "We have gained more conviction around the company's ability to reach its sales targets, based on the following: 1) growth for core brands; 2) a better entertainment lineup; 3) winning back the Disney Princess license; and 4) a stable outlook for the global toy industry." Citi upgrades Macy's to neutral from sell Macy 's stock may have found a floor, but operational challenges remain for the company, according to Citi. "While we continue to believe M faces substantial structural challenges … we believe the stock has reached a level (trading at a 5x P/E our F22E) where the risk/reward is balanced." D.A. Davidson reiterates buy, lowers target for Coinbase The firm lowered its forward estimates for the crypto exchange, but said Coinbase 's upcoming earnings report should be strong. D.A. Davidson lowered its price target to $275 per share. "Publicly available exchange data suggests COIN had a much better-than-expected 4Q21, but 1Q22 activity has slowed dramatically. This should be priced in at this point, so we're optimistic into results as we look for several key positives." UBS upgrades LivaNova to buy from neutral The medical device stock has upside coming out of earnings season, UBS said. "With guidance out of the way, '22 is relatively de-risked and LIVN has a number of upcoming potential catalysts including data readouts in heart failure and depression where we think the probability of success is relatively high." Jefferies initiates coverage of Douglas Elliman at buy Jefferies launched coverage of the real estate brokerage with a price target of $8.50 per share, which is 26% above where the stock closed on Wednesday. "We believe DOUG 's model is partially insulated from higher interest rates given its luxury focus and above-average agent productivity." Morgan Stanley reiterates Allbirds at overweight Morgan Stanley remains positive on Allbirds after the company's latest quarterly report despite margin pressure for the shoe company. "We are encouraged by BIRD's expansion into the wholesale channel, and view it as an effective strategy to sustainably grow the brand long term. During the call, management indicated the company will be entering selective third-party retail relationships to build brand awareness, particularly for its performance footwear line." Bank of America initiates coverage of Trupanion to buy from neutral The sell-off for pet insurance provider Trupanion has gone too far, according to Bank of America. "We believe Trupanion is mistakenly characterized as an 'insurtech' when it would be more aptly described as a 'high-growth, niche underwriter.' While it is not possible to measure, we believe the sell-off in 'insurtech names' is weighing on the stock's valuation." -CNBC's Michael Bloom contributed to this report.

Coinbase signage in New York's Times Square during the company's initial public offering on the Nasdaq on April 14, 2021.

Robert Nickelsberg | Getty Images

Here are the biggest calls on Wall Street on Thursday: