The biggest demands on Wall Street on Friday are: Wolf launches SpaceX, outperforms Wolf said there is a lot of upside. “SpaceX has turned a competitive moat into an ocean of opportunity that no other company will cross. Its near-zero (internal) launch costs and willingness to push the boundaries of scale underpin an out-of-this-world near-term valuation.” UBS Reasserts Broadcom in Acquisition UBS said it would stick with Broadcom despite concerns about Google’s Broadcom chip partnership. “However, given recent roadmap changes and supply challenges, Google’s turnaround is somewhat in doubt.” TD Cowen reiterated Warby Parker as a buy, saying, “We believe growth in the core WRBY business will be driven by store footprint expansion, as well as increased awareness, particularly around vision testing and insurance, and penetration of higher ASP and margin categories, including progressives and sports.” Bank of America Upgrades Williams-Sonoma Acquisition from Neutral The company said it is “a rare, high-quality compounder at consumer discretion.” “We are reinstating coverage with a buy rating. We expect WSM to continue to grow share structurally. WSM is in a demographic sweet spot, with soft demand for luxury goods, but lower-income consumers remain under pressure.” Bank of America begins acquisition of Avalo Therapeutics Bank of America says it is bullish on the biotech company’s skin disease treatments. “We begin coverage on Avalo with a buy rating and $35 PO. Lead drug abdaquivert is a cleaner single-asset immunology story after positive Phase 2 data in hidradenitis suppurativa (HS), a common inflammatory skin disease.” Wells Fargo created Coca-Cola Europe Partners after the overvaluation, with Wells saying Coca-Cola bottlers have pricing power. “Based on this primer, we start overweight CCEP, with a $110 target. A simple idea: Our research suggests that CCEP will provide an algorithm already seen in the 2027 inflation cycle and establish its own profit story amidst controversy…all at low valuations vs. growth.” Bernstein said he is bullish on both stocks, outperforming Celsius Holdings and Keurig Dr. Pepper. “Energy drinks fit this trend particularly well, benefiting further from rising GLP1. For these reasons, we are bullish on energy drinks and enter Celsius and KDP with an Outperform rating.” Citi Upgrades Advanced Micro Devices to Neutral Acquisition Citi said it sees “upside to GPU.” “While we have been proactive about the agential AI-driven shift in CPU demand and AMD being the primary beneficiary, we now believe AMD will merge with AMD as a legitimate second source in the GPU market, poised to capture the lion’s share in Meta.” Read more. Mr. Ross set out to acquire Furbo Energy because Mr. Ross said the geothermal power company was firing on all cylinders. “We begin coverage on Fervo Energy (FRVO) with a buy rating and $45PT.” Barclays launches Air Global Barclays said the company that provides hookah air and cigarettes has pricing power. “AIR is a category leader in shisha molasses with structurally resilient volumes compared to other tobacco categories.” JPMorgan upgrades Kratos Defense & Security from neutral to overweight JPMorgan says it buys the push. “The defense industry’s long-term focus remains on growth, and Kratos’ outlook on this front remains compelling, with margins expanding as well.”Read more. Citizen Upgrades EPR Real Estate to Above Market Performance Citizen said real estate investment trusts are resilient. “While we see opportunities for significant growth in deployments and portfolio operating trends remain resilient, the film industry appears poised to recover through the remainder of 2026, supporting the potential for rental coverage improvement, and we are upgrading EPR Properties stock from Market Perform to Market Outperform.” Stifel downgrades Adobe to acquisition pending Stifel said he sees too many negative factors after Adobe’s earnings. “The company also announced the resignation of Chief Financial Officer Dan Dern, adding further uncertainty to its leadership team. CEO Shantanu Narayan is expected to step down this year.”Read more. KeyBank launches Finia as undervalued KeyBank said the automotive aftermarket company is “undervalued and undervalued.” “We begin coverage of PHINIA Inc. ($3 billion market cap) with an OW rating and a PT of $105.” Goldman Sachs upgrades New Oriental to acquire from neutral position Goldman said the Chinese education company has “valuation appeal.” “We upgrade New Oriental Education & Technology to Neutral Buy with a target price of US$65/HKD50 on a 12 million SOTP basis.” BTIG acquires One Gas after seeing strong demand for the gas company. “In addition to its history of focusing on traditional infrastructure investments, OGS is currently experiencing increased demand from heavy-duty customers seeking natural gas for rapid baseload and backup generation, creating unique growth opportunities for the company while remaining defensive.” RBC initiated Guardant Health with upside potential. “We are initiating coverage on Guardant Health (GH) with an Outperform rating and a $185 price target.” Oppenheimer reiterates Nvidia is outperforming. Oppenheimer said the company is sticking with its stock price. “NVDA, at the forefront of the AI industry, continues to be the best in the AI space, benefiting from full-stack hardware/software solutions and unique end-end rack scale. We remain a long-term buyer.”
