Here are the biggest calls on Wall Street on Friday: Wells Fargo reiterates Signature Bank is a top idea Wells Fargo says the commercial bank is one of the “preferred” growth names their. “While there is controversy over the balance sheet size for SBNY (and OW-rated SIVB), both of these banks have proven to be among the fastest growing in the country and with valuations lowered through 2022, both benefit most from a broader shift in sentiment.” Morgan Stanley reiterated Apple’s overweight special event. Our analysis shows that early event timing won’t have a major impact on F4Q’s seasonality and believe iPhone price will be the most important detail to keep an eye on. “Piper Sandler reiterated Tesla as overweight Piper raised its price target to $360 per share from $344 but said investors should not be caught off guard if the stock falls in the coming weeks.” Several crossover trends could conspire to send TSLA stock lower in the coming weeks. These include: 1) shorter waiting times; 2) China weakens; 3) geopolitics; 4) raise interest rates.” Read more about the call here JPMorgan downgrades Dow to neutral due to overweight “Lyondell and Dow are probably not the best places to put fresh money in. The trend in short-term commodity chemical prices and volumes is determined to be lower.” Read more about the call here. announced a new CEO. “While Narasimhan lacks the retail/restaurant experience we could have hoped for, we believe investors.” Daiwa downgraded Nvidia to operational neutral. better than Daiwa said in downgrading Nvidia that it will take time for the company to return to growth. “Also, besides the surprisingly weak results, lower growth potential, China constraints, Our next issue is high valuations, especially in this environment.” Read more about the call here.CrowdStrike-initiated Atlantic Equities and Palo Alto Networks are CrowdStrike-initiated and Palo Alto-initiated neutral Atlantic Equities. is neutral primarily due to valuation.” We started on Palo Alto Networks with a Neutral rating and $495 price target. … Given the high valuation, however, we don’t see the stock rallying, especially considering the relatively high stock-based compensation. … CrowdStrike is a cloud-native jammer in the endpoint protection market with superior technology and best-in-class financial record. Goldman Sachs reiterates Bed Bath & Beyond for sale Goldman maintained its sell rating on the stock after Bed Bath & Beyond held a strategy update earlier this week and said there was still too much uncertainty. “We reiterate our Sell rating with a 12-month price target of $2 due to weak Q2 calculation trends, coupled with inventory issues. ongoing and negative consumer sentiment.” Bank of America recalled Exxon when it bought Bank of America said it saw “higher cash returns” for Exxon after it announced the sale of its stake in the Bank of America. Aera on Thursday. “After announcing $3 billion in 2021, XOM accelerated the sale of non-core assets in 2022, reportedly accelerating the liquidation into a favorable commodity cycle. Following its close on January 9, ExxonMobil and its joint venture partner Shell, confirmed the sale of Aera’s 24-year-old California partnership with IKAV, a Germany-based energy acquisition consortium. . “Guggenheim upgraded Salesforce to neutral from selling Guggenheim upgraded stock based primarily on valuation.” On August 24, CRM reported slightly above consensus F2Q23 total revenue but posted revenue signed and invoiced below and reduced guidance for fiscal year 23 for both a nearly 2% total revenue and a 4% decline in cash flow.” UBS recalled Peloton when it sold UBS lowered its price target for the physical company. “We are reducing our price target for Peloton to $8, down from $13 previously, due to lower sales and profit outlook. profits continue to decline.” Wells Fargo echoed Chevron when Wells said that Chevron is one of the best-performing oil and gas companies in its coverage. Commodity price volatility persists since 2014, weathering the challenging COVID era while maintaining balance sheet strength and personal performance. c acquisitions, providing cash returns to shareholders through dividends and stock buybacks … “Stifel recalled Kraft Heinz when buying Stifel said in a note that they think Warren Buffett will use used Berkshire Hathaway’s stake in Kraft Heinz to strengthen the food industry. “For large-scale acquisitions, achieving an Investment Grade credit rating appears to set the company well to pursue larger deals, and we continue to believe that Warren Buffett, as a large stock holder, would likely favor the use of Kraft Heinz as a vehicle to strengthen the food industry.”