Here are the biggest calls on Wall Street on Friday: Daiwa reiterates Nvidia as outperform Daiwa raised its price target on the stock to $215 per share from $205 ahead of the GTC Conference next week. “We expect Nvidia and CEO Huang to do a great job in their GTC keynote (3/16 11am PT) and follow-up meetings. We expect many AI success proof points, probably with actual financial business cases and cash flow examples.” Deutsche Bank upgrades Qiagen to buy from hold Deutsche says buy the dip in the multinational biopharma research company. “Qiagen’s shares have fallen almost 30% since late January’s M & A headlines and our subsequent downgrade, effectively pricing out any takeover premium. While the appointment of an external CEO would likely further diminish takeover prospects, we would expect a limited share price reaction at the current levels.” Goldman Sachs reiterates Rivian as neutral The firm said the debut of Rivian’s R2 model should help expectations in the U.S. “We expect investor focus to remain on execution of the R2 ramp, the demand and profitability both for the initial variant and R2 overall (including at the different price points), and Rivian’s ability to execute on its autonomy roadmap (including its Gen 3 platform later this year on the R2).” Needham initiates Karman Holdings as buy Needham says the mission-critical subsystems company is at the center of a “gold rush.” “We are initiating coverage on Karman Holdings with a Buy rating and $125 price target, as we believe the company is uniquely positioned as a key merchant supplier of mission-critical subsystems sitting at the center of what we estimate to be a $100B gold rush opportunity across next-generation missile, space, maritime and unmanned defense programs.” HSBC upgrades Nio to buy from hold HSBC said in its upgrade of Nio that the EV company has earnings visibility. “New models and core portfolio growth might support volume growth, mix upgrade, and margin expansion” Read more. JPMorgan upgrades Linde to overweight from neutral JPMorgan says the chemical company has pricing power. “We think that Linde is built better for current market conditions than many materials companies. Read more. Baird initiates H20 America as outperform Baird says the water company is trading at an “attractive discount.” ” H2O America is a regulated water and wastewater utility operating in four states across the US.” Citi upgrades Knight-Swift to buy from neutral Citi says it sees a compelling entry point for the transportation and trucking company. “Following our move to Neutral on truckload carriers WERN and SNDR earlier this week (from Sell), we now upgrade KNX to Buy from Neutral, as its recent decline (down -17% since beginning of March) has created a dip-buying opportunity, in our view.” Barclays downgrades Adobe to equal weight from overweight Barclays says it’s concerned about management changes following Adobe earnings on Thursday. “The biggest news of the quarter is that long-time CEO Shantanu Narayen is transitioning out (will stay on as board Chair). We step to the sidelines on this name and move to EW.” Wells Fargo upgrades Ollie’s to overweight from equal weight Wells says the stock is a “bargain.” ” OLLI’s story continues to build momentum; we haven’t always been on board, but confidence is building into an attractive ’26 set-up. BBB tailwinds, 2H controversy against merchandising/trade down opportunity, & recent sell-off align to move us to OW.” Read more. Wells Fargo upgrades Air Products, Celanese and Nutrien to overweight from equal weight Wells says all three companies benefit from the Middle East war. “We see pricing upside across several chemical chains as a result of the conflict in Iran which should support near term sentiment & upside to 1H26 outlooks. As a result, we raise our PTs for commodities and upgrade CE, NTR, and APD to OW.” Wells Fargo reiterates Tesla as underweight Wells says its survey checks show February delivery trends were higher. “Of the 4 major markets we track, Feb TSLA deliveries are trending +24% y/y & +42% m/m. Incentives are likely a factor. Despite the m/m jump, YTD sales are still +2% y/y, trending below consensus of +10%.” Citi reiterates Boeing as buy Citi said its checks show buyside expectations are now lower and that investors should buy the weakness. “Buyside expectations are in the $4-6B range for 2027, lower than our $6B forecast. Investors discussed the possibility of BA c utting 1Q FCF guidance, reiterating 2026 FCF guidance, and highlighting a restart of 737 deliveries when management speaks at upcoming conferences. We point out that that may mark a tactical bottom in shares as FCF expectations for 2027 have corrected quite a bit.” Piper Sandler reiterates Valvoline as overweight The firm says the oil change company is “well positioned to outperform in uncertain oil price environment.” “As the recent spike in oil prices has injected economic uncertainty into the consumer spending landscape, we are highlighting VVV as a steady growth story with an intriguing entry point created by the recent ~10% sell-off.” KBW upgrades Flagstar Bank to outperform from market perform KBW says shares compelling. “Valuation hasn’t been a good enough reason to buy FLG and, to this point, the relative valuation hasn’t budged in over a year, with shares underperforming by -600bps over the past year. However, added to the mix strengthening fundamentals and an emerging buyback catalyst and this makes for a stronger case to return to Outperform after watching from the sidelines for the past 2+ years.”
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