Here are the biggest calls on Thursday on Wall Street: Evercore ISI upgrades Netflix to outperform in row Evercore says it expects revenue growth to accelerate due to ad-supported model of the company. “We’re upgrading NFLX stock to Better Than Inline with the new $300 PT based on recent US and International survey results and our exclusive analysis of revenue opportunities supported by NFLX advertising and password sharing We believe these opportunities, especially advertising-supported services, constitute Growth Curve Initiatives (GCI) — factors that can drive significant acceleration in revenue growth.” Read more about the call here. Atlantic Equities upgrades Activision Blizzard from neutral Atlantic Equities says it sees a positive risk/reward for the stock if Microsoft’s acquisition is approved. “We’re upgrading Activision Blizzard to Overweight. We consider the risk reward to be positive with significant benefits if the Microsoft acquisition is approved and much more limited if the deal is not finalized.” Read more about this call here. Piper Sandler echoed Boston Properties as neutral Piper said it considers the work-from-home environment “hard to break” before the property management firm’s investors next week. “While not quite as historic as the Queen’s departure, the importance for BXP in conveying the relevance of the office next week’s investment day in Boston is paramount. . As the world transitions from a pandemic, going back to the office remains a lasting vestige, with stubborn WFH hard to unmask.” Wedbush upgraded Deckers to outperform neutral Wedbush stocks are poised to outperform. “Amid an incredibly challenging retail environment, DECK stood out during last year’s EPS season as one of the only companies in our coverage that actually offered guidance.” Credit Suisse upgrades Wynn to outperform credit-neutral Credit Suisse notes that the casino company’s stock is too attractive to ignore. “At the current level, we think Wynn is one of the more compelling stories in the game.” Read more about this call here. Bernstein called Pinduoduo a top choice Bernstein said it liked the agritech company’s strong performance. “To say Pinduoduo is a mystery would be an overstatement. Management thinks the future is ambiguous. A series of investor questions are answered with “investing in agriculture”… now hours in English. But look beyond Pinduoduo’s eccentricities, and it’s clear the company has done it aggressively.” Jefferies upgraded Nordstrom to buy from hold and Kohl’s to hold. Back from Buy Jefferies said during the Nordstrom upgrade that opportunity remained for some retail stocks. “While we don’t make an aggressive call to debt stores, we believe oppty still selects stocks based on valuation and specific catalysts. We did too. a survey to gauge spending expectations. Upgrade JWN to Buy, review M at Buy, downgrade KSS to Hold.” Jefferies initiated Okta when buying Jefferies said at the start of Okta that the company that manages Okta Identity access management is a “great buying opportunity.” “In our view, this makes for an attractive entry point for a leading network asset. While we don’t discount pre-company workloads (it will probably take a few quarters), but we mark a great product, along with a large and untapped market.” Read more about the call here. Morgan Stanley recalls Hostess Brands for being overweight Morgan Stanley said it sees an “advantage from above” for the Twinkies maker. “We see a leading edge at TWNK, supported by accelerated US scanner data QTDs, recent innovation, greater marketing investment, strong pricing power.” Susquehanna started Bill.com because Susquehanna positively said it liked the accounting software company’s long-term prospects. “We’re starting to roll out Bill.com with a price target of $190 and an Outperform rating. We like the company’s long-term outlook for expanding customer base, increasing TPV (total value). portfolio) and increased material receipts, and our year-to-date estimates are far ahead of consensus.” JPMorgan downgrades Duckhorn to neutral due to overweight “We still prefer NAPA under Long-term and operating performance tracking since its IPO in March 2021 is impressive, but we see several reasons to move to the sidelines now,” said Berenberg, upgrading Marriott to buy from the holding company. Berenberg section said the stock is a “shareholder return” story. “Hospitality segment is now our favorite game in our coverage, and we’re raising Hilton, Hyatt and Marriott to Buy while raising price targets for all global operators .” Bank of America recalled Ollie’s when it bought Bank of America noting that it was raising prices for discount retailers and that it noticed Ollie was getting more deals in-store because “their suppliers want to move waste products.” “We see potential for further deals as several retailers, such as Bed Bath & Beyond, Tuesday Mornings, At Home and Party City, and their suppliers look to find ways. transfer excess product.” Goldman Sachs Upgrades Chart Industries Buys From Neutral Goldman said in the process of upgrading its clean energy company manufacturing equipment that it has seen a sharp increase in LNG orders. “Our Chart Industries upgrade is driven by 1) Over the next 12 months, investors are more likely to fill LNG orders that are likely to be added to the backlog in 2023/24, promoting consensus estimate revisions to 2025+, 2) Strong LNG order volumes that should be accrued by higher margins and operating leverage in a manufacturing business .” Needham upgraded Tesla to hold from underperforming and started buying Fisker. Needham said when he started with Fisker that they liked stock valuations. The company also upgraded Tesla to a holding but said it prefers Fisker. “We rate FSR a Buy, RIVN a Hold and LCID Underperforming. We are also upgrading the TSLA from Bad to Hold. We like the FSR due to its attractive pricing, business strategy and technology. SUVs.” Credt Suisse upgrades Nokia to outperform neutral Credit Suisse said during the telecom company upgrade that it has an “underrated product portfolio.” “We do in-depth research on Nokia’s growth drivers. We see the wireless trend of telecommunications growing in 2023. However, we believe Nokia’s diversified portfolio and The strength we’ve come to expect from the Network Infrastructure division means it’s placed in better coverage of our telecommunications equipment than Ericsson to overcome the aforementioned obstacles.” UBS reiterated Microsoft when buying UBS said it still sees some positive catalysts ahead for the stock. “While Microsoft’s stock has been relatively flat since reporting Q4/June results at the end of July, we and investors have had many issues Microsoft has to deal with late, from weak PC performance on Azure cloud migration.” Baird reiterates Pinterest outperforming Baird said it sees some positive catalysts ahead for the stock. “While we slightly cut our estimates in Q4 to reflect general trends in the advertising industry, we think PINS could outperform the broader digital media space.”