Here is the biggest call on Wall Street: Morgan Stanley reiterates Apple as the top choice Morgan Stanley says it sees “a rich catalyst event path” for the tech giant. “Pent up iPhone demand, Service re-acceleration, underappreciated GM up, and the first time Apple launched a new product in 8 years are near-term catalysts that support our OW rating and the new $180 PT.” Read more about this phone here. Gordon Haskett downgrades Domino’s Pizza to hold back from buying Gordon Haskett says he is concerned about slowing growth for the pizza delivery chain. “DPZ will not be able to easily return to 6-10% average annual system sales growth – which means the days of best-in-class ‘long-term algo’ enterprise are in the rearview mirror.” UBS upgrades First Solar to buy from neutral UBS says First Solar is top beneficiary of Inflation Relief Act. “We upgrade FSLR shares from Neutral to Buy and in our coverage we see FSLR as the most important beneficiary of the Inflation Reduction Act (IRA) with high visibility on capacity, revenue and earnings through 2026.” Read more about this phone here. BMO downgrades Vornado to underperform from the market, BMO said it sees problems with leasing and refinancing for real estate investment trust offices. “We downgrade DEI and VNO to Underperform – both have high leasing and refinancing risks.” JPMorgan downgraded Hormel to underweight from neutral JPMorgan said the spam maker’s stock had not been “de-risked”. “We are downgrading HRL shares to Underweight from Neutral after 1Q23 earnings and a 6% guidance cut that, in our view, does not de-risk earnings.” Barclays names Meta and Nvidia top AI picks Barclays says Meta and Nvidia top AI beneficiaries. “Investors and the media generally focus on mega-cap players like MSFT and NVDA as the main beneficiaries of the disruption caused by expanded artificial intelligence (AI) capabilities, but we believe that generative AI/large language modeling (LLM) can have an impact. everyday utility and productivity across consumer and enterprise applications.” Morgan Stanley names Alphabet, Amazon and Meta top AI picks Morgan Stanley names Alphabet, Amazon and Alphabet as top picks and says AI is at an inflection point. “Major platforms (GOOGL / AMZN / META) headline this list, and we show how AI-based advancements (incremental revenue and opex efficiency) can lead to ~10%+ upside to current price targets.” Barclays reiterates Alphabet as overweight Barclays said it stands by the overweight rating on the stock but sees it as range-bound for the foreseeable future. “Despite years of experience in AI, GOOGL stock faces new risks from two vectors: 1) higher inference costs from AI-assisted search results, and 2) potential loss of query share to ChatGPT, Apple, Bing & others .” Daiwa reiterates Tesla as an outperform Daiwa said it stood by the outperform rating after the automaker’s investor day earlier this week. The company also raised its stock price target to $218 per share from $200. “At current valuations, we see a better risk reward than some catalysts such as Cybertruck, Semi and lower cost EVs. Our Outperform rating reflects Tesla’s unique position as a cost and technology leader with the highest EV capacity to meet demand.” Morgan Stanley reiterates Eaton as the top choice Morgan Stanley said it sees several drivers of cyclical growth for multinational power management companies. “Mixed cycle signals focus on high growth visibility where ETNs remain Top Picks.” JPMorgan upgraded Kroger to overweight from neutral JPMorgan said it sees an attractive risk/reward for the retail company. “We are upgrading KR Shares to Overweight from Neutral as we believe the risk/reward currently skews favorably.” JPMorgan upgraded Procter & Gamble to overweight from neutral JPMorgan said it sees “earnings per share” ahead for the consumer goods giant. “We upgraded Procter & Gamble (PG) to Overweight from Neutral rating, as we now think the consensus estimate is lower in the back end of 2023 or 1HFY24, a more positive setup compared to when we downgraded PG to Neutral about a year ago. .” Read more about this phone here. Wells Fargo reiterates UPS as objection Wells Fargo said the shares of the shipping giant are “underappreciated.” “We remain a buyer of UPS as we look past 2023 and into 2024 earnings opportunities. In 2023, UPS faces both earnings and sentiment headwinds. However, as the year progresses the focus will shift to 2024, where we see the case for ~20% EPS growth. ” Read more about this phone here. Jefferies upgrades Marathon Petroleum to buy from hold Jefferies says it is bullish on shareholder returns from the energy company. “We upgrade MPC to Buy with a PT of $157. Our rating is driven by a step up in margin capture to a high of ~90%s from the previous average of ~90%. MPLX’s strong FCF generation, cash balance, and distribution give us confidence in its ability MPC to return capital to shareholders through the cycle. Goldman Sachs reiterates Costco as a buy Goldman said it stands by the shares of the big box retailer after its earnings report on Friday. “We continue to have confidence in the value proposition of COST that continues to resonate with consumers, while enterprise scale and limited SKU models can manage cost pressures. We reiterate our Buy rating with an updated 12-month price target of $538. Data for Novo’s landmark obesity study, SELECT, is expected around mid-2023. … .Novo is conducting the Ph3 SELECT trial evaluating the ability of Wegovy (an injectable GLP-1 drug) to reduce the risk of cardiovascular disease in people. with obesity.” Goldman Sachs adds Rio Tinto to its buy list. Goldman adds metals and mining companies to its buy list and says it has an attractive value. “We are Buy rated on RIO and add to CL because: (1) relatively compelling value vs. Goldman Sachs moves Silvergate to not rating Goldman changed its rating on the crypto bank company to not rating and said it did not have enough information about the stock. “We have suspended our investment rating, price target and earnings estimate for Silvergate Capital Corp due to insufficient information to form an investment view.” HSBC names Ferrari top pick HSBC says Ferrari is one of the company’s top car picks and has earnings momentum. “Our preference is divided between long-term value creation and short-term positive earnings momentum.”