Here are Friday’s biggest calls on Wall Street: Jefferies upgrades Ball Corp to buy from hold Jefferies said in its upgrade of the glass, jar and lid company that it sees an “attractive” risk/reward for Ball . “With the multiple rebased back to pre-’19 levels, fundamentals at a trough, FCF re-accelerating and the business’s recession resiliency, we believe the risk/reward skews attractive.” Bank of America reiterates Disney as buy Bank of America said it’s standing by its buy rating on the stock. “DIS has a collection of best-in-class premiere assets (in content/IP as well as Theme Parks). Near term catalysts include: 1) additional updates on strategic priorities for DIS, 2) continued robust theme park demand, 3) likely reinstatement of a dividend by CYE23.” Northcoast upgrades Texas Roadhouse to buy from neutral Northcoast said its survey checks show strong foot traffic. “We believe that traffic is king for restaurants. Based on our recent checks and review of our NCR foot traffic index for Texas Roadhouse , we believe Texas Roadhouse has sustained traffic trend better than we expected through 3Q23 despite a seasonal slowdown that typically occurs during back-to school.” Edward Jones downgrades Berkshire Hathaway to hold from buy Edward Jones downgraded the stock mainly on valuation. ” BRK shares have significantly outperformed financial services peers over the past six months ,supported by a relatively strong earnings outlook.” Loop upgrades Restaurant Brands to buy from hold Loop said it sees strong traffic from the company’s Burger King franchise. “We are upgrading the shares of QSR to BUY this morning following better-than-expected results from our latest Burger King checks.” Read more about this call here . Morgan Stanley reiterates Ford as overweight Morgan Stanley said it’s standing by its overweight rating on shares of Ford despite the UAW strike. “While we expect many investors may disagree with us on this point, we would be a buyer of both F and GM as we believe even a ‘difficult’ labor/strike outcome can catalyze significant changes to strategy around capital discipline.” HBSC initiates FedEx as buy HSBC initiated several shippers on Friday and says it prefers FedEx. “Prefer FedEx to UPS and DHL (Hold) on earnings growth.” Canaccord reiterates Tesla as buy Canaccord said its standing by its buy rating on Tesla ahead of its upcoming delivery numbers report. “Despite potential downside volatility, we are looking past this quarter’s delivery…
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