Here are Friday’s biggest analyst calls of the day: Tesla, Dollar General, Dish Network and more

Published Fri, Feb 25 20228:09 AM ESTUpdated Fri, Feb 25 202212:19 PM EST

Jesse Pound @/in/jesse-pound @jesserpound

Here are the biggest calls from Wall Street analysts on Friday: Wells Fargo upgrades Dollar General to overweight The hit to the value store from inflation and the end of federal stimulus is already priced into Dollar General 's stock, according to Wells Fargo. "2022 certainly looks like a reset year, but we don't expect investors to waste too much time before the focus shifts back to a multiyear outlook that has only gotten better since Covid hit." Evercore ISI downgrades Foot Locker to in line from outperform The firm cut its rating on the sneaker chain on news that Nike is cutting back on business with Foot Locker as its direct-to-consumer sales grow. "We prefer to stay on the sidelines until we get better clarity on the what will be the sustainable level AND quality of Nike's product allocations to FL." Daiwa Capital Markets upgrades Tesla to outperform The crisis in Ukraine could boost demand for electric cars and Tesla in particular, according to Daiwa. "Tesla's ability to export out of cost-efficient China and history of better managing chip shortages in 2021 could strengthen its competitive position under the current Russia/Ukraine situation. At the same time, higher oil prices and potential scenario of fuel shortages, especially in Europe, could accelerate the shift to EVs." RBC Capital Markets upgrades BP to outperform The fallout from BP 's minority ownership stake in Russian energy firm Rosneft should be offset by rising oil prices globally , according to RBC. "We believe any hypothetical risk to cash received would be offset by rising geopolitical tensions. To put this into context, we estimate that the $1.8bn in dividends could be offset by a $5-$6/bbl change in oil prices on an annual basis." UBS upgrades Toll Brothers to buy from neutral Toll Brothers can still generate strong returns for shareholders even if housing demand has peaked, according to UBS. "We recognized that our constructive view of the homebuilder stocks could be bumpy, with near-term downside when we initiated coverage roughly one month ago. However, we are now increasingly convinced that the cycle will have legs and elevated levels of builder profitability could persist for several more years." JPMorgan upgrades Dish Network to overweight JPMorgan gave a double upgrade to Dish , moving to overweight from underweight, saying that the negatives for the stock are priced in. "With shares substantially lower, from here we see a better value proposition as well as positive upcoming data points improving sentiment on Dish shares, which seem oversold vs. the underlying value of spectrum, though we acknowledge potential execution challenges." JPMorgan downgrades Sealed Air to neutral Sealed Air 's recent outperformance coupled with a possible rise in raw materials costs caused JPMorgan to become less bullish on the stock. "We lowered our investment rating on Sealed Air from Overweight to Neutral on the basis of valuation. Sealed Air has been a large outperformer both year to date and over the past 12 months. Year-to-date the shares are lower by about (1%) in a market that is down (10%)." Wedbush reiterates AMC Entertainment at underperform AMC 's smart moves during the meme stock boom won't be enough to stabilize its stock, according to Wedbush. "We expect continued volatility in shares of AMC with an overall decline the longer it takes for retail investors' theories to be substantiated. AMC is positioned to gain market share, but its significant debt remains an overhang." Evercore ISI initiates coverage of XPO Logistics at outperform XPO 's plan to improve its fundamentals is showing early signs of success, according to Evercore ISI. "We forecast strong relative outperformance in revenue and margin expansion in 2H22 and 1H23, which coupled with the stock's still-substantial multiple discount results in a favorable risk/reward trade-off for the equity, on an absolute and relative basis, with upside to the somewhat conservative guidance ranges likely to further narrow the wide valuation gap." Wedbush cuts target, maintains outperform on Zscaler Wedbush lowered its price target to $330 per share from $400 for Zscaler , but the firm said investors should buy the cybersecurity stock after a solid quarterly report. "The stock is under pressure as whisper expectations for the quarter were hoping for a stronger guide for ZS in FY22, which we view as a knee-jerk reaction and a clear buying opportunity." -CNBC's Michael Bloom contributed to this report

Dish Networks exhibit at CES 2016 in Las Vegas.

Justin Solomon | CNBC

Here are the biggest calls from Wall Street analysts on Friday: