These are the biggest calls on Thursday on Wall Street: Credit Suisse reiterates Apple outperforms Credit Suisse says its survey checks show delays in iPhone Pro and Pro Max deliveries. “Following Apple’s announcement on November 6 that COVID-19 restrictions were limiting the supply of iPhone 14 Pro and iPhone 14 Pro Max shipments, we tracked the estimated US delivery dates. relatively consistent, but today we’re seeing three-day pushbacks and new orders not coming in before Christmas.” Evercore ISI reiterates Netflix outperforms Evercore saying it still trusts Netflix’s ad-on-demand video service. “We remain confident in our initial prediction that BWA could add $10 million in incremental add-ons and $1-2 billion in incremental revenue by 2024, which could could generate $1.00-2.00 in incremental EPS or an 8-12% increase in Street EPS estimates.” Credit Suisse downgrades Norway’s rating to worse than outperform Credit Suisse said in a double downgrade to the travel agency that it sees better value elsewhere. “We consider NCLH to be a quality company that has materially outperformed the year-to-date and we see a risk to estimates/valuation relative to its peers.” Read more about this call here. Morgan Stanley chooses ServiceNow as its top choice Morgan Stanley has switched its top pick to ServiceNow from Salesforce, noting that the former has “best-in-class unit economics”. “Strong positioning for a broad market opportunity – the ServiceNow workflow automation platform is gaining traction with organizations looking to optimize their business processes and solve ~175 billion dollar market opportunity, where the company has only 4% market share today.” Read more about this call here. Deutsche Bank downgraded Target to not buy Deutsche downgraded Target after Wednesday’s earnings report and said it had “lower credibility”. “While we don’t like turning to the sidelines when a stock is under significant pressure (it’s back where it was a week ago, in fact), we are downgrading TGT from Buy to Hold because they I have lower confidence that the company can meaningfully return to profitability in 2023 in the face of prolonged downward price pressure, especially as revenue growth is under pressure.” Read more about this call here. Piper Sandler upgrades Target from neutral to overweight Piper said Target remains “attractive” despite its latest quarterly report. “Target has had a rough 2022, but we believe we’re hitting the bottom of the EBIT margin and believe a 0.8x 2023 EV/Sales valuation looks attractive.” Canaccord initiated Traeger when it bought Canaccord calling the grill company “a premium brand with mass-market appeal.” “Today, 35 years after Joe Traeger invented the original wood pellet oven, many consumers simply refer to the pellet oven as ‘Traegers’.” Canaccord initiated Yeti when it bought Canaccord, says the manufacturing company. Lifestyle products have “sustaining power”. “We’re starting to cover YETI with a $58 BUY and PT rating. YETI was founded in 2006 by Roy and Ryan Seiders, brothers and outdoor enthusiasts from Austin, TX, on a mission to ‘build a cooler we would use every day if it existed.’ To this day, we believe that YETI is an iconic global lifestyle brand with staying power.” Gordon Haskett chose McDonald’s as his top choice in 2023. Gordon Haskett said it anticipates McDonald’s will grow even more in 2023. “Market share gain was achieved globally in Q3 and witnessed MCD with drivers is poised to offer more of the same in 2023.” Goldman Sacks downgraded Whirlpool to neutral when buying Goldman Sacks restored Whirlpool’s coverage and downgraded the stock, adding that it was concerned about the deteriorating macro situation. “Our view reflects a weakening housing landscape, combined with the normalization of supply chains and advertising, which we believe will affect volumes and earnings through 2023. .” Bank of America reiterates Nvidia is buying Bank of America called Nvidia’s third-quarter earnings results on Wednesday a “volatile” quarter. “NVDA’s Q3 revenue was $5.93 billion, 2% higher than expectations for a data center/game uptrend, although the China-related inventory reduction dragged gross margin down.” Read more about this call here. Citi downgrades Quest to sell from neutral Citi said it sees cost constraints for the lab and diagnostic company. “We are downgrading DGX to Sell from Neutral due to multiple post-expansion results as we see risks to LT guidance of +4.0-5.0% growth in business activity. basic business with additional cost impediments.” Read more about this call here. Barclays Recalls Robinhood for Underweight Barclays said Robinhood’s monthly numbers are showing “Sequential Improvement,” but the company has maintained its disproportionate rating on the stock. “HOOD reported October monthly figures, MAU (monthly active users), AUC (assess in custody), net deposits and options volume improving, while equity volume improved. ownership unchanged, margin balance and crypto volume decreased.Barclays reiterates TJX Companies as overweight Barclays said discount retailer is “their top choice.” ” TJX quarter shows evidence of a shift in the balance of power in favor of Off-Price. Bank of America reiterates Cisco’s acquisition of Bank of America saying it sided with Cisco following Wednesday’s earnings report. The company believes that it can deliver better-than-expected results in the near future. “The results were slightly better than expected, mainly due to a reduction in the backlog and a relatively well-maintained environment, albeit with some slowdowns.” UBS downgraded Nio to neutral compared to buy UBS said in downgrading the Chinese electric vehicle company that it was “cautious about Nio’s efficiency and profitability.” “Despite three new models to be launched in 2022, in our view, Nio’s monthly sales do not show a clear improvement due to internal corrosion and limited differentials. In the long term, we remain cautious about Nio’s efficiency and profitability.”