Here are Friday’s biggest calls on Wall Street: Oppenheimer initiates Beazer Home at outperform Oppenheimer said shares of the homebuilder are compelling. “We are initiating coverage of Beazer Homes (BZH) with an Outperform rating and $37 price target.” Morgan Stanley reiterates Costco as overweight Morgan Stanley raised its price target on the stock to $855 per share from $780 following earnings. “We view COST as among the best compounding growth stories in Retail.” Wells Fargo reiterates Nvidia as overweight Wells said it’s standing by shares of Nvidia. “Our Overweight rating is based on our positive stance on Nvidia’s competitive positioning in gaming GPUs and expanding growth opportunities in data center, [high performance computing], and emerging / expanding AI opportunities (autonomous vehicles, healthcare, robotics, etc.).” Seaport upgrades Wynn to buy from hold Seaport said investors should buy the dip in shares of the casino company. “While Wynn has fared somewhat better than some of its peers (i.e., LVS and MGM), the decline is unwarranted, in our view, with Wynn having delivered strong Q1 results in Macau and showed continued resilience in Las Vegas.” Bank of America reiterates Apple as buy Bank of America says it’s bullish on an Apple AI iPhone. “We maintain our Buy rating on Apple for its multi-year upgrade cycle, gross margin upside and secular services growth. Wells Fargo upgrades Edison International to overweight from equal weight Wells says regulatory outcomes are improving for the California utility. “We upgrade EIX to OW and increase our [sum of the parts]-based PT to $86/sh from $72.” Jefferies reiterates Tesla as hold Jefferies said that Tesla’s auto advantage is shrinking for now. “A stagnant Tesla is a lesser threat to other OEMs until EV demand accelerates again.” Bank of America reiterates Qualcomm as buy Bank of America raised its price target on the stock to $245 per share from $180. “Qualcomm is well-positioned in large computing market.” Bank of America reiterates Dell as buy Bank of America said it’s sticking with its buy rating on the stock following earnings. “We reiterate Buy given that we are still in the early stages of AI adoption with continued strong pipeline and momentum around AI servers, where we think DELL will be able to capture higher AI margins over time.” JPMorgan upgrades Hormel to neutral from underweight JPMorgan said it sees a more balanced risk/reward for shares of the maker of Spam. “In addition, we…
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