Here are Friday’s biggest calls on Wall Street: Piper Sandler upgrades Shoals to overweight from neutral Piper said investors should buy the dip in shares of the solar technology company. “The weakness in SHLS is in part driven by equity weakness of the largest renewable utility/developer stemming from higher interest rates.” Bernstein initiates Disney as outperform Bernstein said Disney is a real challenger to Netflix. ” Disney (Outperform, $103 TP, implied upside 29%): The Only Credible Challenger To Netflix. Oh, Plus Parks. Despite our bearish view on Linear vs. consensus, we are bullish on DIS’s potential to transition to DTC at scale once combined with Hulu.” Read more about this call here . JPMorgan reiterates Exxon as overweight JPMorgan said it’s standing by its buy rating on the oil and gas giant. “We think XOM has multiple re-rating potential from its diversified portfolio, improved execution, portfolio management, and return of capital.” Barclays reiterates Nvidia as overweight Barclays said it sees AI restrictions ahead for companies, but that’s standing by its overweight rating on the stock. “We see further restrictions to AI as the highest likelihood. Given the likely $3B+ in shipments of solutions per quarter by NVDA to China and the $1B pipeline noted by Intel for Gaudi, we believe the AI restrictions may shift to all AI products vs the performance threshold that companies are currently working around.” Citi adds a positive catalyst watch on Discover Citi said it sees numerous positive catalysts ahead for the credit card and financial services company. “We are opening two new positive catalyst watch calls, for DFS and NAVI, as we see potential catalysts in the coming months, not necessarily into the quarterly results.” Seaport initiates Netflix as buy Seaport said it sees plenty of upside in shares of Netflix. “Early stages of converting ‘borrowers’ (password sharers) and entrée into advertising has helped 73 sentiment, but we think there is plenty of upside if NFLX can capture fair share of the global ad market.” Bank of America upgrades Xcel Energy to buy from neutral Bank of America said the energy company is an “emerging growth story.” “In a sector with companies largely playing defense given interest rate and inflationary pressures, the XEL emerging growth story comes across as all the more compelling.” Jefferies upgrades e.l.f. beauty to buy from hold Jefferies called the beauty company is an innovator. ” ELF is the leader in…
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