Here’s the loudest voice on Wall Street on Friday: Goldman Sachs upgrades Robinhood from neutral to buy Goldman Sachs says Robinhood has “best-in-class revenue growth” Masu. “We assume coverage on Robinhood Markets (HOOD) and upgrade our rating from Neutral to Buy with a price target of $46…” Jefferies Downgrades Deere from Buy to Hold Jeffries downgrades Deere stock primarily based on valuation I withdrew it from buy. “Due to stock price gains following Q4 2024 earnings, we downgrade Deere stock from buy to hold based primarily on valuation.” BMO upgrades Republic Services to outperform market performance BMO says waste management companies are a top idea for 2025. “RSG continues to perform well and we believe the company is the cleanest positioned among its peers for 2025.” UBS to buy from neutral companies Upgrade Kingsoft Cloud UBS says the cloud computing solutions company is poised to accelerate growth. “We believe the strong third quarter performance has raised investors’ expectations for KC’s continued revenue and margin recovery, supported by AI and Kingsoft ecosystem support.” Goldman, Neutral Accenture upgraded to acquire from Goldman Sachs, professional services firm says it leverages best-in-class artificial intelligence. “We believe Accenture is one of the companies best positioned to capture a rebound in discretionary spending.” KeyBanc reiterates its underweight position on Apple, saying the consensus forecast remains Apple says it’s too expensive. “We believe the data overall looks moderately negative for AAPL, with no signs that iPhone 16 will result in any meaningful change in upgrade activity, and consensus expectations declining (and in our view , with perhaps more room to fall).Nevertheless, AAPL stock continues to move up, although it has slightly underperformed the Nasdaq since its Oct. 24 downgrade. ” Needham acquired Constellation Brands, calling it “the best company in the beverage industry from a fundamental standpoint.” “We initiate coverage of STZ with a buy rating and a PT of $280.” UBS claims upside potential in the eye disease company and launches acquisition Glaukos. “We initiate coverage of GKOS stock with a buy rating and $182 PT.” BMO upgrades Weyerhaeuser to above-market performer BMO said the lumber company has upside potential. “We are upgrading Wyoming to Outperform. Higher export duties on lumber from CN (Canada) will drive up prices and increase the mix of production within the U.S. Goldman Sachs is bullish on several commercial real estate companies as Goldman Sachs launches acquisitions of CBRE and Jones Lang LaSalle. “The group’s share prices have risen significantly since the beginning of the year, but it’s important to note that (i) companies with significant capital market exposure are gaining market share (NMRK and JLL), and (ii) high growth and high margins. (CBRE), and (iii) companies with large, resilient operations with A company with a track record of supplementing allocations. ” Loop upgrades Shopify to let you buy from hold Loop says the e-commerce platform company is benefiting from AI. “Investors are interested in seeing how Shopify leverages AI to not only better serve its merchants (particularly under the Shopify Magic umbrella), but also internally (including customer support, sales, human resources, and even accounting and finance). “Bank of America Reiterates Amazon as a Buy The stock remains a top pick going into 2025.” “Amazon remains a top U.S. large-cap pick given its expected stock price appreciation, margin expansion, and cloud/AI exposure.” Guggenheim reiterates Tesla as a “sell” , said it sees Tesla’s reported deliveries below consensus and maintains a sell rating on the company. “Delivery forecast for Q4 2024: Deliveries for Q4 are now 491,000, down from 495,000 previously and significantly below current consensus, across all major regions. Although growth is expected, data shows that 50% in the fourth quarter There’s nothing to back up the million-plus deliveries.”Jeffries names Caterpillar as top pick for 2025Jeffries says the machinery company is a top pick for next year. “CAT is a play on global infrastructure and reshoring trends.” TD Cowen, an environmental and industrial services company, is a beneficiary of reshoring, says TD Cowen. “CLH has a dominant position in the hazardous waste space and we believe further M&A will further expand our external moat and improve prices and margins.”Jeffries upgrades TechnipFMC to buyout status Jefferies , said the energy service company’s profit margins will improve. “FTI plans to “nearly double shareholder dividends” to approximately $500 million in 2024, the majority of which will come from share buybacks.”Deutsche Bank has bought Marvell and Broadcom and put Nvidia on hold. The company reiterates that Marvell and Broadcom are the top candidates going into 2025, and that Nvidia remains overvalued at this point. “With NVDA up ~+180% YoY and custom silicon players up ~+55% YoY on average, AI continues but could evolve around MRVL and AVGO. We believe the shift in focus on AI investments is worth monitoring” names in the space. Raymond James guides Abercrombie & Fitch to outperformance The company says the retailer has turnaround momentum. “We begin coverage of Abercrombie & Fitch (ANF) with an Outperform rating and a $180 price target.” JP Morgan launches Haemonetics following acquisition “He hit multiple times.” “We are initiating coverage on Haemonetics with an overweight rating and a December 2025 price target of $116.” UBS upgrades Peloton from sell to neutral UBS likes Peloton’s new CEO in upgrading stock He said that “The Company expects PT “Bank of America Upgrades Altria to Neutral Acquisition Over the Next Two Years” Bank of America says tobacco company will benefit from President Trump. He says he has received it. “There are several key themes that we believe have the potential to strengthen sentiment and positively revise returns, most notably: 1) Republican administration priorities; 2) low-income As consumer wallets improve, convenience channels supporting MO could be recharged.’Topline…’ Bank of America upgrades Molson Coors to acquisition from neutral Bank of America said it sees “a better 2025″ for beverage companies. “We upgrade TAP stock to Buy from Neutral and raise the PO from $57 to $70, which is now based on FY25 EPS estimates of 11.6x (previously 9.4x). The high multiple reflects our view that 2025 will be a more normal year. TAP and the beer industry have fully digested the Bud Light controversy.” Bank of America upgrades Dollar General, moves to buy out underperforming stocks Bank of America raises its stock twice, saying “It’s a back-to-basics strategy.” It’s working.” “We upgrade DG from Underperform to Buy given several early signs that DG’s ‘back to basics’ strategy is working. 1) Significantly improved inventory placement (down 7% YoY per store) to accelerate store and DC execution. 2) ) Inventory levels rose significantly by 180bp year-on-year (supporting sales upside).
