Thursday’s Analyst Calls: Upgrades and Downgrades on Tesla, Netflix, Best Buy, Amazon, First Solar, Disney, and More


Summary: Major analyst calls on Wall Street include upgrades for Fidelity National Information Services, Kontoor Brands, Best Buy, Netflix, Amazon, Zscaler, CrowdStrike, Disney, Microsoft, Spirit Aerosystems, First Solar, and Aptiv, and downgrades for Foot Locker, Graphic Packaging, Canada Goose, and Peloton.

Barclays upgraded Fidelity National Information Services, stating that the stock is undervalued. Goldman Sachs upgraded Kontoor Brands due to robust brand momentum. Best Buy also received an upgrade from Goldman Sachs as the electronic retailer is expected to experience multiple expansion. Foot Locker, on the other hand, was downgraded by Goldman Sachs, citing potential market share destabilization.
KeyBanc upgraded Netflix, foreseeing more growth ahead. Morgan Stanley reiterated its overweight rating on Tesla, despite lower earnings expectations. Oppenheimer reiterated its positive outlook on Amazon, while Jefferies upgraded Zscaler and CrowdStrike in the cyber security sector. Bernstein stood by its outperform rating on Disney, but highlighted the need for ESPN to prove itself as a sports aggregator. Citi reiterates its buy rating on Microsoft as the company’s revenue and profitability are expected to grow. Wells Fargo downgraded Graphic Packaging and Canada Goose due to concerns in their respective markets.
Deutsche Bank initiated Chipotle, Starbucks, and Domino’s as top picks in the restaurant industry. Bank of America downgraded Peloton, citing revenue risks. JPMorgan upgraded Spirit Aerosystems and First Solar, noting an attractive entry point for both companies. JPMorgan also upgraded Aptiv, highlighting its growth potential and margin drivers.

Tags: analyst calls, upgrades, downgrades, stocks, investments, Tesla, Netflix, Best Buy, Amazon, First Solar, Disney, Microsoft, Chipotle, Starbucks, Domino’s, Zscaler, CrowdStrike, Spirit Aerosystems, Peloton