Here are the biggest calls on Wall Street on Friday:

Evercore ISI reiterates Apple as outperform

Evercore says it’s bullish on the company’s partnership with Formula One.

「While the initial price tag may seem high to some investors, we think acquiring the broadcasting rights is a part of AAPL long-term strategy of expanding in live sports.」

JPMorgan upgrades Kodiak Sciences to overweight from neutral

JPMorgan says shares of the biotech company are compelling.

「We are upgrading Kodiak (KOD) to Overweight (from Neutral prior) and adjusting our December 2026 price target to $24 ($15 prior).」

Stifel downgrades Snap to sell from hold

Stifel says its checks show too many negative catalysts.

「SNAP: Our checks continue to skew negative, and with incremental confidence TikTok is not going away in the U.S., we believe this trend is unlikely to reverse any time soon.」

Morgan Stanley upgrades Commercial Metals to overweight from equal weight

Morgan Stanley says the M&A 「overhang」 has been removed from the stock.

「We are upgrading CMC to Overweight on the completion of upcoming acquisitions that remove the prior perceived M&A overhang」

JPMorgan initiates Alphatec as overweight

JPMorgan says the med tech company has a differentiated offering.

「We are initiating coverage of Alphatec with an Overweight rating and a December 2026 price target of $19.」

Keybanc resumes Amazon as overweight

Key says Amazon shares are compelling.

「With shares trading well below historical levels at 22.9x 2027E P/E, we believe this screens as an attractive entry point.」

JPMorgan upgrades Coinbase to overweight from neutral

JPMorgan says shares of the crypto company are too attractive to ignore.

「We are upgrading Coinbase to Overweight as we look ahead to emerging monetization opportunities and abating risks at what we see is an attractive valuation versus cryptocurrency peers.」

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Jefferies reiterates Microsoft as buy

Jefferies says it’s sticking with the stock ahead of earnings next week.

「After its best print in recent memory, MSFT is flat but positioned to rerate, driven by Azure and M365 momentum, robust bookings growth and rising AI contribution.」

Morgan Stanley reiterates Intel as equal weight

The firm says it’s sticking with its equal weight rating but that Intel’s earnings report on Thursday was 「encouraging.」

「Significant upside in 3q especially on margins, showing a pattern of underpromising and over-delivering, which is encouraging.」

Cantor Fitzgerald initiates Novavax as overweight

Cantor says it’s bullish on shares of the biotech company.

「We are initiating coverage on NVAX with an OW rating and 12-month $18 PT, representing 115% upside from current levels.」

Citizens JMP upgrades eBay to outperform from market perform

Citizens says 「AI is a tailwind」 for eBay.

「We upgrade shares of eBay to Market Outperform from Market Perform and establish a $115 price target as we believe eBay’s product work is creating a significantly better consumer experience...」

UBS upgrades Alliant Energy to buy from neutral

UBS says it sees 「data center growth」 for the energy company.

「We are upgrading shares of LNT to Buy and raising our price target to $79 from $74 due to the company’s unique position to capitalize on additional load and generation investment required to meet surging data center demand.」

Rothschild & Co Redburn initiates Albemarle as buy

The firm says the lithium company is best positioned.

「We launch coverage of Albemarle with a Buy recommendation.」

Citi upgrades MNTN to buy from neutral

Citi said in its upgrade of the connected TV company that MNTN shares have plenty more room to run.

「Compelling Growth at a Reasonable Valuation as CTV Continues to Attract Incremental Budgets.」

Mizuho reiterates Beyond Meat as underperform

Mizuho lowered its price target to $1.50 from $2 on shares of the meme stock.

「Volatility Elevated but Fundamentals Weak; Reducing PT on Dilution; Maintain Underperform. ... .Recent financing actions for BYND have addressed concerns for short- and long-term capital structure but weak fundamentals maintain our Underperform for BYND shares.」

Morgan Stanley upgrades Tractor Supply to equal weight from underweight

Morgan Stanley says it sees improving margins.

「Comp growth is normalizing and TSCO is moving past peak margin pressure from its investment cycle.」

BTIG initiates Kyivstar as buy

BTIG says it’s bullish on shares of the Ukraine mobile satellite company.

「We are initiating coverage of Kyivstar Group Ltd. (KYIV) with a Buy rating and $17 price target.」

Truist reiterates Nvidia and Uber as buy

Truist says it’s bullish on Uber’s autonomous vehicle partnership with Nvidia.

「On Thursday, NVIDIA released a white paper in which it provided an update on the company’s AV-centered strategic partnership with Uber. Recall, the companies originally announced the partnership at CES 2025 and as part of the partnership NVDA’s Cosmos - a cloud-based AI supercomputing platform– is utilizing Uber’s driving data to enable developers of AVs with the ability to simulate driving scenarios to train AVs.」