Here are Wall Street’s biggest takeaways on Thursday: Morgan Stanley reiterates overweight on Alphabet In a client note, the firm outlined four areas the company could work on to improve its multiples: “A) improved GenAI disclosures; B) upward revision of revenue, operating expenses and capital expenditures guidance; C) more complete expansion of segment disclosures; and D) further emphasis on GOOGL’s positive impact on society.” Morgan Stanley reiterates overweight on Apple The firm said demand for the iPhone 16 may not be as bad as feared following comments from T-Mobile’s CEO. “However, with the TMUS CEO saying today that sales of the iPhone 16 family are strong and up year-over-year even before Apple Intelligence was released, and the cycle could be longer-lasting, it suggests demand may not be as bad as feared.” JPMorgan Downgrades Five Below to Underweight from Equal Weight JPMorgan Points to “Margin Constraints” at the Discount Retailer “Regarding cadence specifically, our research projects a low single-digit decline in August comparison, followed by an improvement in the first half of September compared to the previous quarter” Piper Sandler Reiterates Overweight on Robinhood Piper Says ‘Opportunity is Coming’ [an] The company would be “expanding its crypto offering” for the stock-traded firm. “Ultimately, if the company were to expand its crypto offering to be on par with its crypto-native peers, HOOD could see a 10-12% EPS accretion.” KeyBanc Reiterates Overweight on Nvidia KeyBanc said it maintained its overweight rating on the stock. “NVDA remains uniquely positioned within the industry to benefit from secular data center growth driven by AI/ML.” Redburn Atlantic Equities rates Kodiak Gas Sciences as a “buy” Redburn said the natural gas company is “attractive.” “Kodiak Gas Services (KGS), a leading contract compression provider, offers investors an attractive way to gain exposure to structural growth in U.S. natural gas demand.” Mizuho rates Talos Energy as a “buy” Mizuho said the energy company offers an “attractive investment opportunity.” “We believe TALO’s strategic focus on balancing asset optimization, low-risk development/exploitation, and targeted high-impact exploration projects can deliver modest but steady volume growth. A high crude mix and above-average EBITDA margins provide cash generation prospects that are undervalued at current price levels.” Mizuho recommends buying Northern Oil & Gas Mizuho said the oil and gas company is well-positioned. “There are pros and cons to being a non-operator, but overall we believe NOG’s combination of scale, low operational risk, superior cash operating margins, strong M&A track record and attractive cash returns make it a compelling investment case comparable to operator E&Ps.” Raymond James upgrades Safehold to Outperform from Market Average Raymond James said the real estate investment trust is benefiting from low interest rates. “Safe Hold (SAFE): Upgraded to Outperform from Market Average, raised 2025 forecasts and set a price target of $34 per share.” Morgan Stanley Reiterates Overweight on NIO Morgan Stanley said it is bullish on the EV company after NIO unveiled its latest mid-size family model, the L60. “NIO’s unproven execution remains the main culprit, with bulls and bears making separate claims. Market confidence, supply chain commitments and corporate (operating and financial) cash flows all depend heavily on the success of the L60.” TD Cowen Reiterates Buy on Micron TD Cowen lowered its price target on Micron to $115 per share from $160 but maintained its buy rating ahead of Micron’s earnings report next week. “On the upside, we expect the stock to bounce back, directionally at least, very similar to the second half of 2021, when the stock rallied nearly +40% over a three-month period (September 21-January 22), making it an attractive risk-reward.” Morgan Stanley Reiterates Overweight on Tesla Morgan Stanley expressed concern over the company’s robotaxi event but supported the stock. “Looking ahead to Tesla’s ’10/10′ robotaxi event, frankly, it’s tough to gauge whether the day will live up to investors’ lofty expectations.” Barclays Reiterates Underweight on Hertz Barclays said it sees too many negative factors for the rental car company. “UW-rated to list on HTZ – Liquidity in question amid vehicle overhaul.” Piper Sandler Reiterates Overweight on Abbott Laboratories Piper said the medical device company has an attractive valuation. “We initiate coverage of Abbott Laboratories with an Overweight rating and a PT of $131.” Wells Fargo states Outfront Media is Overweight Wells said it is bullish on the outdoor advertising company’s stock. “We initiate coverage of OUT with an Overweight rating and a PT of $22.” Morgan Stanley downgraded Elanco to Equal Weight from Overweight. Morgan Stanley said it “lacks conviction” on the pet biopharmaceutical company’s stock. “Elan’s pipeline progress offers prospects for more consistent top-line growth and share expansion, with tangible launch catalysts in 4Q25, but we lack confidence in the path forward in the short to medium term due to a lack of clear superior differentiation in an evolving competitive environment for its key products.” BTIG upgraded DoorDash to Buy from Neutral. The firm said ride-sharing is a “rare area for long-term growth.” “Check is signaling continued near-term strength and we are raising estimates (again) as we see undervalued longer-term drivers. DASH is hitting key milestones and is expected to be EBIT and net income positive in the second half of the year.” Bank of America Recommends Coursera to Buy The firm said it is bullish on shares of the online learning platform company. “We initiate Coursera (COUR) with a Buy recommendation and $11 PO (44% upside room).”
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