Here are Friday’s biggest calls on Wall Street: DA Davidson initiates Teladoc when buying DA Davidson says it sees the possibility of a telehealth company price hike. “COVID has created unprecedented headwinds for the market, which have become headwinds; we believe we are currently at a stable level with increasing penetration for telehealth and Teladoc is well-positioned to continue to lead market growth and development, while seeing the opposite of the stock at current levels.” Read more about the call here. Guggenheim initiated Oracle when it bought Guggenheim said Oracle has strong momentum and could see the stock revalued. “After several years of low single-digit growth, Oracle began to see a significant increase in Fiscal Year 22, driven by accelerated Organic Cloud revenue and database performance best material in eight years.” KeyBanc downgraded Six Flags by weight from being overweight KeyBanc said Thursday’s Six Flags earnings report was “unverifiable.” “We don’t like reactionary downgrades, but we’ve considered 2Q a ‘silent or silent’ quarter, so here we are, and the results are indisputable, in our opinion. .” Goldman Sachs downgraded Utz to neutral versus buy Goldman said in downgrading Utz that it sees “strong momentum balanced by premium valuations.” “Utz’s results are solid. Management continues to perform well behind both its core business and recent acquisitions to drive a steady cycle of outstanding growth and the profit margin achieved in the second quarter of 22”. Wedbush downgraded Lennar to neutral versus better performance Wedbush said it didn’t see any short-term positive catalysts for home bodybuilders. “We’re downgrading Lennar to NEUTRAL from OUTPERFORM. At current levels, the stock is around 5% of our flat $88 price target and we don’t see a new catalyst to the upside. your goal.” Loop reiterated Bed Bath & Beyond when it sold Loop said the most recent “short meme stock drop” craze did not change the company’s long-term fundamental view of the company. “Therefore, while we are well aware of the old Wall Street saying ‘the market can stay irrational longer than you and I can stay solvent’, we still reiterate our Sell rating. and a $1 price target.” Read more about this call here. Bank of America recalled Rivian when it bought Bank of America saying the electric vehicle company is in “the right place/time with the right product/strategy.” “Despite what appears to be a more difficult 2022 than initially envisioned, and stock market volatility has created a challenge for some start-up EV OEMs in getting a lot of low-cost capital,” he said. essential, our Buy rating on RIVN is based on our view that the company is the most viable among the start-up EV automakers and also a relative competitive threat to incumbent automakers.” Loop recalled McDonald’s when it bought Loop said its survey tests show that same-store sales are tracking ahead of expectations. “Our latest tests of McDonald’s US franchisees show same-store sales growth is tracking ahead of expectations so far in Q3.” Morgan Stanley upgrades Ciena to weight from the same weight Morgan Stanley says the telecom and networking software company is in a good position going forward. “We think CIEN will set up well in the coming Qs with a strong service provider and cloud spending environment, along with seemingly bottoming conditions in the supply chain.” Read more about this call here. Wolfe initiated Bunge and Archer-Daniels-Midland for better performance Wolfe initiated several biofuel companies on Friday and said they see a “long-term secular need.” “We’re starting to roll out BG and ADM as an extension of our Biofuels coverage, expanding into raw materials and related markets. We’re at the edge of it all. on supply as we see long-term growth in world demand for biofuel-driven vegetable oils, which is at the heart of this sub-sector note.” Cowen downgraded the RealReal to the market. compared to better performance Cowen said when downgrading The RealReal that it sees a “bumpy road” to profitability for the online couture store. “We’re moving to the sidelines as revenue growth uncertainty and labor pressures in 2H cloud visibility towards our longer-term goals rather than 2024 profitability.” Telsey Reiterates Target Is Better Target’s is already reflected in its current P/E valuation of ~13x on our 2023 EPS estimate of $13.51 versus its typical trading range of 17x-18x over several years. past.” Cowen downgraded Sally Beauty to market with a better performance than Cowen said in downgrading the beauty retailer that it noticed “the trend is decelerating”. “We downgrade SBH to Market Performance as we see risks to Street’s Fiscal Year 23 estimate due to weaker consumer sentiment at the lower end, higher gross margin risk from promotional activities and while a heavy focus on hair color/care is a steady positive, this can pose a risk to tougher comparisons.” Bank of America added GlobalFoundries to its US1 listing. Bank of America added the semiconductor manufacturing company to its top picks. “We are adding GlobalFoundries Inc. (GFS) and removing Broadcom Inc. (AVGO) from the US No. 1 list. AVGO still has a Buy rating.” Morgan Stanley Reiterates Walmart On Overweight Morgan Stanley said in a note to clients Thursday night that Walmart’s margin pressures may be temporary. “We don’t know how much excess inventory WMT will need to deal with in the second half of the year and margins could still be impacted by the drop – but it won’t carry over into next year based on our math. we.”