Here are the biggest calls on Wall Street on Thursday: Bank of America downgrades NextEra Energy to neutral on purchase Bank of America downgraded the renewable energy company after a key executive announced father left the company. “The majority of our domestic investor inquiries are cautious on NextEra, unwilling to buy with the stock falling -9% and ending at the lows of the day.” Piper Sandler started covering Albemarle when she was overweight Piper said when she founded the lithium company that they saw a “strong” increase in earnings. “ALB’s EBITDA growth was driven almost entirely by lithium markets. In fact, ALB is essentially a pure lithium game on a future basis. DA Davidson reiterated Apple is buying DA Davidson for know they’ll stick with their buy rating on Apple’s earnings next week.” As for Apple’s 12th quarter earnings, we’re focusing on two things. First, the company is slowly starting to accelerate its efforts to diversify its supply chain to become less dependent on China. Second, our thesis is that the impact that the Chinese government’s COVID-0 policy has had on Apple has resulted in iPhone sales moving into the March quarter, rather than being lost to “the lowest of the year.” , which creates an attractive risk/reward. “Expect GOOGL stock to bounce back at the same rate of turnaround as it did during the great financial crisis of ’08-’09.” at lower prices” following the company’s earnings report on Wednesday. “Importantly, Tesla commented that since the price cut, it has received its highest number of orders year-to-date so far this year. in its history, with orders about twice as many as production. While we believe this order rate may not be sustained due to the weak macroeconomic environment, it does suggest that the company is tracking our 1.8 million delivery estimate well. “. said when it downgraded the electric vehicle charging company that it saw a slowdown in growth. UBS downgraded Pfizer’s credit rating to neutral compared to buy UBS said when it downgraded its stock rating that it noticed product shortage in Pfizer’s manufacturing process Citi begins coverage of Match as neutral uncertain.” Match Group really has a lot of potential. catalysts and compelling pricing as they’ve been since 2019, but we’re starting to cover the margins because Match currently has a lot of new initiatives that we’re too early to get a feel for.” Jefferies reminded Recalling Amazon’s purchase of Jefferies said it will continue to grow in Amazon earnings next week. 2023 compared to consensus.” Deutsche Bank downgraded Union Pacific to hold from purchase and upgraded Norfolk Southern to buy from hold Deutsche Bank downgraded Union Pacific and said it was disappointed with the company’s performance. The company also said during the Norfolk Southern upgrade that it is “more confident in our NSC estimates based on recent performance trends.” “Our estimates may prove to be overly optimistic. important, but we also think the opportunity for rail volumes to show non-cyclicality is underestimated in the context of high fuel prices. and service improved. In light of all these considerations, including management exercise, we upgrade NSC’s stock to Buy (from Hold) and downgrade UNP’s stock to Hold.” Deutsche Bank downgrade The Nasdaq supplier not to buy Deutsche said during the market downgrade and the financial firm that it sees a more “challenging” 2023. significantly for NDAQ than previously anticipated, due to 1) a higher-than-expected cost growth trajectory, 2) slower recurring revenue growth in some businesses Solutions mainly due to drag longer sales cycle.” William Blair downgraded ViaSat to better-than-market William Blair downgraded the satellite company and said it sees a more balanced risk/reward. its rating on shares of ViaSat down to Market Performance. After the stock’s 18% return compared to the S&P 500’s 5% gain in early 2023, we think the risk/reward is about the same.” Bank of America recalled Peloton when buying Bank of America said they are optimistic about Peloton announcing earnings next week. “Expect modest gains in subscribers and churn. … We are looking for a message of modest subscriber growth, steady/improving q/q abandonment and traction towards positive cash flow in FY2024 during the call. ” Morgan Stanley reiterates Plug Power is overweight The company said it prefers Plug’s “winning” green hydrogen strategy. “We maintain our OW rating at this point, as we believe PLUG has a successful long-term green hydrogen strategy.” Cantor Fitzgerald begins coverage of Datadog with purchase continue in digital transformation.” “We are starting to cover at Overweight and a price target of $95 on Datadog, the leader in end-to-end cloud visibility aiming to seeks to bring similar success to the neighborhood security market.” Bernstein reiterates Target is outperforming Bernstein said his stock purchase a Target is “great value to long-term winners.” “But we believe the worst is definitely behind us; we fully expect gross margin (and business) to recover in FY 2023-2024. EPS will rebound to ~75% in 2023 and another 20% in 2024.” JPMorgan reiterate Uber as the top pick with incremental margins at or above its benchmark 7%.” Needham recalled Roku when buying Needham said they were optimistic about the decision to build Roku’s own TV. “Since Roku is the operating system (OS) for dozens of TV hardware manufacturers (i.e. OEMs), Roku knows which features are most used on its active 70mm accounts. Roku has can build these features into best-in-class TVs, thereby accelerating we believe new user growth.”