Here are the biggest calls on Wall Street on Friday: Deutsche Bank upgrades Intuitive Machines to buy from hold Deutsche says the space company is too attractive to ignore. “We upgrade Intuitive Machines from Hold to Buy as we see an attractive risk-reward set-up for the next 3-6 months, supported by clear commercial catalysts. High level, we see the company as a secular winner in the space exploration market, helping the U.S. and its allies ‘prep’ the Moon for humans to return which is a very difficult task.” Wells Fargo initiates Chevron at overweight Wells says the oil and gas driller and refiner has a diversified portfolio. “We expec t CVX to lead on stable dividend growth. We are Overweight rated.” Wells Fargo initiates Exxon Mobil at overweight Wells sees several positive catalysts for the country’s largest fossil fuel company. “We see XOM characterized not by pure defensiveness but by optionality. Initiate Overweight.” Baird initiates Kontoor Brands at outperform Baird says the clothing company is “underappreciated.” ” KTB’s transformation from a stable dividend yield story to an above-average growth, high-margin/ROIC portfolio following the Helly Hansen acquisition appears underappreciated.” Jefferies reiterates Nvidia as buy Following a global conference of semiconductor companies and others, Jefferies says everyone is rushing to catch up to Nvidia’s ecosystem. “One of the clear takeaways from the conference is that the entire ecosystem is chasing NVDA. We are seeing everyone chasing the scale-up opportunity at a multiyear disadvantage vs NVDA.” UBS upgrades Deere to buy from neutral UBS sees an earnings inflection. “We upgrade DE to Buy from Neutral, as we expect ’26 to be the last year of DE’s earnings downturn before a recovery in ’27.” Stifel upgrades International Paper to buy from hold Stifel says the paper company is “approaching a pivot point of performance improvement.” “We upgrad e IP to Buy from Hold. The original exuberance priced into the share following Andy Silvernail’s appointment as CEO has been replaced by more realistic expectations of the pace of potential performance improvements, and embraces the challenges of the DS Smith acquisition.” JPMorgan initiates Credo Technology as overweight JPMorgan says the connectivity solutions company is well positioned for AI. “We are initiating coverage on shares o f Credo with an OW rating and a Dec-26 price target of $165 given its leverage to rising investments in AI interconnect.” HSBC upgrades Freeport McMoRan to buy from hold The copper and gold miner should benefit from higher commodity prices, the bank says. “We expect FCX to benefit from the strength in copper and gold prices, and note the significant recent underperformance; we upgrade to Buy.” Read more. JPMorgan upgrades BXP to overweight from neutral JPMorgan says it’s bullish on the real estate investment trust. ” BXP’s large portfolio that covers key coastal markets on both the East and West Coasts is preferable to us right now, and it has put up a meaningful 1.4 million sf of quarterly leasing activity, on average, over the last four quarters.” Baird upgrades Zions Bancorp to outperform from neutral Baird says buy the dip in the regional bank. “ZION declined ~13% today following an 8-K regarding potential fraud on a ~$60M syndicated loan in ZION’s portfolio.” Read more. Bank of America reiterates Advanced Micro Devices as buy The Wall Street bank raised its price target to $300 per share from $250. “We rate AMD Buy. It serves a multi-hundred billion addressable market opportunity in PC, server, high-end gaming, deep-learning and related markets where AMD has less than 30% value share currently.” Read more . Bank of America reiterates Amazon and Chewy as buy The bank says both stocks are top ideas in e-commerce. ” Amazon remains our top Large Cap pick for US eCommerce given projected share gains aided by a growing grocery business, margin expansion from robotics, ability to leverage Prime user base to build strong Agentic AI position, and our view that capacity additions in 2026 will drive AWS acceleration. For SMID Cap, we prefer Chewy for potential upside from share gains and growth initiatives, as well margin expansion from automation.” UBS initiates Planet Fitness at buy UBS says shares of the gym company have more room to run. “Our deep-dive analysis of growth drivers suggest EBITDA upside of $208M-$245M by ’27E on run rate basis for PLNT while current valuation multiples imply roughly half of that upside for PLNT.” Oppenheimer upgrades Jefferies to outperform from perform Oppenheimer says buy the dip in the financial services company. “JEF has long been our favorite secular growth story among the traditional financial intermediaries because of its steady share gains, but we downgraded the shares to Perform in March along with two others because we feared The M & A Rebound Likely Delayed or Canceled.” Morgan Stanley reiterates CoreWeave as equal weight Morgan Stanley says it’s cautious ahead of CoreWeave earnings in November. “We see a high likelihood of a strong beat versus guidance and consensus, but a more difficult path when it comes to outperforming loftier investor expectations, keeping us Equal-weight.” UBS reiterates Oracle as buy UBS raises its price target to $380 per share from $360 and says the stock is “too cheap.” “Just 5 weeks after providing FY30 revs guide and backlog metrics that were far above Street estimates, Oracle raised them again at its Investor Day, taking its FY30 cloud infra/OCI [Oracle Cloud Infrastructure] revs guide up by another $22b to $166b, disclosing that its deal backlog went to $500b+ and setting FY30 guide that was well above our estimates” Morgan Stanley initiates Option Care Health at overweight The investment bank says the healthcare company is well positioned. “OW OPCH as the key player to take advantage of infusion care shifting into the home and alternative sites. ~26% market share (MSe) in a fragmented market.” Barclays reiterates Tesla as equal weight Barclays says Tesla is a beneficiary of tariff changes. “Tesla: Key beneficiary of tariff relief on U.S. production as 100% of vehicles sold in the U.S. are made in the U.S.”
