Here are the biggest calls on Thursday on Wall Street: Morgan Stanley reiterates Disney as Morgan Stanley cuts its price target for Disney to $125 per share from $170, but says the stock remains “attractive” ” at the current level. “Down 40% year-to-date and below stock price prior to Disney Plus launch, we find the risk/reward attractive at current levels. Led by the Parks & Experiences segment and with The benefits of a still nascent streaming business are scaling profits, we see 20-25% adjusted EPS growth over the next three years.” JPMorgan reiterates Netflix as JPMorgan neutral said they are cautiously optimistic about Netflix’s ad-supported product rollout. “We believe NFLX will also attempt to align ad-supported tier account sharing efforts with enhanced account sharing efforts.” Benchmark initiated Warner Bros. Discovery, when it acquired Benchmark, said it hoped the media stock would “regain its position”. “Although WBD’s share price performance since the launch of trading on April 11 has been heavily influenced by market aversion in 2022, concerns about leverage and a stock market downturn have been overall stock market influence on advertising, we are confident that WBD’s stock will regain its footing.” Read more about this call here. UBS downgraded Duke Energy to neutral from the purchase of UBS downgraded the energy company on valuation. “We are downgrading Duke Energy to Neutral from Buy as a result of our valuation transition to valuation year 2024 and updating our valuation and premium/discount methodology in line with the Mid-term Report. Our hours were also announced this morning.” Bank of America upgraded Bunge to buyback from neutral Bank of America said the sell-off in the company’s stock was “unwarranted.” “We also like the limited correlation between the global agricultural cycle and the economic cycle. So we consider the sell-off in ADM and BG largely unfounded.” Benchmark, which initiated Texas Instruments when it bought Benchmark, said it expects Texas Instruments to continue to deliver “solid revenue and operating margin progress.” “The Leading Analog Supplier with Leverage Specific to Automotive & Industry.” Morgan Stanley named Nio as a research tactical idea. Morgan Stanley named the electric car company a tactical idea and said it sees the stock rising rapidly in the near-term. “While sluggish industry sentiment led to a sell-off, we believe that NIO’s June sales volume coupled with a good output trajectory in the second half of the year, was supported by product supply. strong, will revive investor confidence in the company’s performance and trigger a stock rally.” Read more about this call here. Piper Sandler started Bath & Body Works because overweight Piper said the stock was trading at a “huge” discount. “We’re starting to cover BBWI and COTY today as we expand our coverage in the Beauty & Health space. We believe both of these names are a great fit for the range. our coverage, with BBWI as a retailer of body wash and fragrance products and COTY as one of the largest global beauty groups serving the mass and prestige markets.” Read More about this call here. Raymond James started Etsy, Rent the Runway, The Real Real and thredUP outperformed Raymond James started several internet retailers Wednesday night, noting that they prefer companies with “strong revenue growth “. “We started our coverage of Digital Commerce with nine companies, including one Strong Buy (FIGS), six Better Performers (ETSY, RVLV, REAL, TDUP, RENT, BRLT) ) and two Market Activity companies (OSTK, POSH) It was a contentious time due to rising interest rates (which have weighed on most growth stocks) and the macro uncertainty stemming from inflation, supply chain pressures, and a shift in spending on services (and product avoidance) due to the reopening of COVID.” Read more about the call here. Oppenheimer Reiterates Coinbase Performs Better “With Fed tightening, total crypto market capitalization down ~55% in the second quarter of 2022, and trading volumes down, COIN is entering one of the hardest signs with as a public company.” Goldman Sachs reiterated Tesla on acquiring Goldman saying the Tesla Supercharger Network represents a “significant revenue opportunity” for the auto company. “While previously only Tesla owners could access the network, Tesla has discussed plans to open the network to all electric vehicle drivers over time (and has done so in select locations in the US). Europe), which we believe can provide a huge revenue opportunity with strong margins increasing by improving station utilization.” Northland upgrades AMD to outperform its market performance Northland Markets says that macro headwinds are being priced in and investors should buy the stock. “We’re upgrading AMD to OP. We’re also reducing our estimates to account for the global recession by cutting $2.8 billion from our CY23 forecast.” Jefferies downgrades Simon Property to hold from buy Jefferies downgraded real estate investment trust and mall owner due to “structural difficulties.” “Downgrade AKR, BRX, KRG, OHI, SBRA, RPT, SPG & HIW to Hold, due to weaker pricing capacity, longer lease term and/or structural headwinds.” JMP reiterated Alphabet and Meta as the market outperforms JMP cut its estimates for Alphabet and Meta shares, but said the two stocks will outperform in a more difficult macro environment. “We expect search platforms (Alphabet) and lower funnel performing platforms (Facebook) to perform better and highlight the importance of dense and diverse ad auctions as advertisers increase their return on ad spend expectations and tighten their ad budgets.”