Here are the biggest calls on Wall Street on Thursday: UBS upgrades Eli Lilly to buy from neutral UBS says it’s bullish on the company’s weight loss drug and sees upside potential. “With these events in the rearview mirror, we now see LLY as the hottest name in our large-cap coverage, with the biggest potential in numbers.” Read more about this call here. Wolfe downgraded Alcoa for an equal versus better performance Wolfe said when downgrading Alcoa that the aluminum “cow case” was broken. “We downgrade AA to Peer Perform because macro factors have broken the aluminum bullish case. Goldman Sachs reiterated Exxon when buying Goldman saying it sees ‘long-term value’ for Exxon stock.” Upstream projects (Guyana, LNG, Permian), a unique business transformation that lowers the company’s FCF breakeven, as well as improved return on capital employed, boosting our Buy rating for stocks. “Telsey reiterates Bed Bath & Beyond for underperforming The 22nd quarter results next Thursday, September 29th will be the need for more cash, so far in September, the pace of cost reductions, inventory placement and progress in operations. business initiatives geared towards national brands. “Cowen initiated 23andMe because it performed better than Cowen said when he founded genetics that 23andMe is innovative and the stock is more bullish. “This database flywheel allows for further LT improvement and enhancement. further in the emerging genetics-based 1° field of consumer health, therapy and care. Start Out Outperforming at PT $6.” Morgan Stanley Recalls Amazon For Overweight Morgan Stanley said the company’s fulfillment network is the next great catalyst for Amazon stock. Our actions imply that AMZN has built enough capacity through Q4-24, giving us increasing confidence in the efficiency of scaling and profitability ahead. It also led us to reduce the capex ’23/24 to $10 billion/$6 billion’.” Bank of America reiterated Salesforce when it bought Bank of America saying that Salesforce is emerging as a “quality GARP stock” next after attending the company’s analyst day. “We expect the stock to appreciate over time from the current FCF 20x C23e, with growth potential. FCF growth to 25%+ from recent high/low teens.” RBC initiated Nike because it outperformed RBC at the start of Nike that China was a key catalyst for income in Next week. “Nike is the 100lb gorilla in sportswear with the #1 market share, leading product franchise and Digital business that will drive future growth.” Read more about This call is here Raymond James initiates Prudential on a strong buy Raymond James said at the start of the insurance company that they are optimistic about the transformation plan. Strong Buy class; Our $115 price target represents 29% upside potential. PRU’s transformation plan will drive growth.” Wolfe reiterated Netflix outperforms Our price increase is that we see a real path to do it based on our analysis of ad load, AVOD mix, engagement and increased growth potential from lower churn times. . The core of our advertising thesis is the estimate that Netflix accounts spend ~2 hours/day compared to 1 hour/day on Hulu. “The CrowdStrike-initiated MoffettNathanson outperforms Moffett who said in an opening note that CrowdStrike is the “leading platform” in cybersecurity. “The cybersecurity industry encompasses what we consider to be five pillars. main columns: identity, endpoint security, data security, network security, and cloud security. Each of these pillars has an opportunity to establish a platform for dominance, and CrowdStrike has emerged as a platform for endpoint security. ” Morgan Stanley reiterates Microsoft is overweight Morgan Stanley said it found an attractive risk/reward following a meeting with company management. our entry to the youth total return profile is high, not reflected in the stock, creating an attractive risk/reward.” Mizuho downgraded Block to neutral from buying Mizuho said it found ” user fatigue” and misery. “After years of being hailed as the most innovative name in payments, we believe user fatigue, soaring cash flow, loss of best POS status and BNPL enforcement is hindering SQ’s growth.” Read more about the call here. Morgan Stanley reiterates Meta is overweight Morgan Stanley says reports of Meta cost-cutting could prove it is a favorable windfall for earnings.” Confirm these cuts, clarity on revenue, engagement/time spent on earning Money and the spin on monetization are the main catalysts for EPS 3Q.”