Here are Friday’s biggest calls on Wall Street: Edward Jones upgrades Qualcomm to buy from hold Edward Jones said it sees an “attractive” buying opportunity in Qualcomm. “We are upgrading Qualcomm to a Buy from a Hold because we believe the stock does not fully reflect our growth outlook.” Read more about this call here. Wells Fargo reiterates Keurig Dr Pepper as overweight Wells Fargo it’s bullish on shares of the beverage giant. “We expect forward progress on the KDP narrative with Q222 results, with sustained strength in the ‘Cold’ portfolio (Packaged Beverages, Beverage Concentrates, Latin America Beverages) driving a top-line beat; and sequential improvement in ‘Hot’ (Coffee) after last quarter’s challenges.” Morgan Stanley reiterates Visa and Mastercard as top ideas Morgan Stanley said it’s time investors consider shares of Visa and Mastercard and that the “travel recovery still has legs.” “V / MA can benefit from the reopening of Asia-Pac with room for more European tourism improvement, while perception of inflation risk may be overdone, especially for higher income demo. V/MA also hedged given volume driven revs along with continued shift to electronic payments.” JPMorgan reiterates Snap as overweight JPMorgan said it’s staying bullish heading into Snap earnings next week, but that investors will need to exercise patience. “3Q Estimates Likely High & Rebuilding Credibility/Operational Track Record Will Take Time.” BMO reiterates Microsoft as outperform BMO cut its price target on Microsoft to $305 per share from $345, but said it continues to believe that the stock has “both good offensive and defensive attributes.” “We are lowering our upcoming June quarter and FY23 estimates to reflect increasing FX headwinds, and we are introducing our FY24 forecasts.” Read more about this call here. Goldman Sachs downgrades Yelp to neutral from buy Goldman said in its downgrade of Yelp that it sees a more balanced risk/reward outlook. “What remains an open debate (and one that we believe investors will be particularly focused on) is how the macroeconomic environment and competitive landscape dictates local advertising spend growth over the next 1-2 years.” Argus downgrades Delta to hold from buy Argus downgraded the stock due to disappointing earnings and a weak outlook. ” Delta has been hurt by capacity reductions and staffing shortages, and recently posted weaker-than-expected 2Q earnings. ” Deutsche Bank adds a catalyst call sell on Freeport-McMoRan…
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