Here are the biggest calls for Friday on Wall Street: Bank of America reiterates Roblox buys Bank of America says it’s standing by the stock’s stock that is heading for earnings next week. “Furthermore, RBLX’s January investor letter indicates that growth rates in ’22 will be good indicators of 2023 growth, suggesting lower volatility in early buy-side expectations.’ JPMorgan downgrades Funko to neutral from overweight JPMorgan downgraded the pop culture toy company, noting it sees too much uncertainty.” EPS was $0.28, a lot lower than Street’s $0.52, with increased sales more than offset by a gross margin shortfall and higher SG&A.” Read more about this call here JPMorgan downgrades GoPro to neutral due to overcrowding JPMorgan said it was concerned about the “tough macro backdrop.” expectations despite Q4 guidance were severely lacking, driven by FX and reduced inventories at big box retailers.” HSBC upgrades Altice USA to buy from shares HSBC upgrades major cable company on valuation. “ATUS has to face t with strong competition from other fiber optic telecommunications companies and fixed wireless access (FWA) alternatives.” Piper Sandler downgraded Atlassian to neutral due to too heavy Piper said they noticed a slowdown in subscription bills for software developers. “Atlassian is choosing to invest in the back of the business, which is taking lower margins and cash flow estimates again. While this is good for the long-term, it’s near to mid-range. term, it presents challenges for investors.” Piper Sandler Upgrades Arista Networks to Beyond Neutrality Piper said it is becoming more constructive for the network company after its earnings report and analysis date. “While there have been positive fulcrums along the way, and we must admit it’s a bit late, after this event we are more confident in Arista’s visibility and sustainable growth trajectory and is upgrading to Overweight from Neutral and increasing PT to $164.” UBS refused to sell Teva from neutral UBS said it was concerned about lengthy litigation against the pharmaceutical company. “We downgrade TEVA stock to Sell as we expect a significant decline from consensus estimates in the short term and anticipate a period of uncertainty as the company undergoes a transition in the role of the company. leadership, while the risk of litigation continues.” Read more about this call here. Wells Fargo echoed Home Depot and Lowe’s as overweight Wells said it sees an attractive risk/reward outlook for the home improvement retailer’s earnings. “HD/LOW Q3 results are approaching and we find LT risk-reward attractive, such as: 1) housing market sentiment is toxic and stocks are priced for downside corrections that we don’t expect to materialize; and 2) Season 3 quarter earnings (so far) are a reward for quality prints that show resilience despite expected pressures in the fiscal year 23”. BTIG that started WeWork when it acquired BTIG said it saw an “opportunity” as the group worked out its long-term real estate strategies. “We are increasingly being accused of this uncertainty being able to persist for years, not quarters, and that employers will continue to prioritize flexibility as they seek to determine how long , where and how their employees will use the office space in the future.” Read more about this call here. Cowen downgraded Twilio to better market performance Cowen said in downgrading the communications tools company that it sees a worsening macro trend. “TWLO is feeling heavy pressure from a deteriorating macro, causing a significant cut to the growth outlook.” Goldman Sachs Upgrades Restaurant Brand to Neutral from Selling Goldman upgraded Burger King’s owner and said it’s seeing an “improving trend.” “We are upgrading shares of QSR to Neutral (from Sell) as we see an improving trend in Tim Horton’s business in Canada supported by both the reopening trend and the initiatives strategy seems to be driving momentum ahead of the macro and is encouraged by SSS Dynamics in BK/PLK international businesses.” Bank of America recalled Krispy Kreme when buying Bank of America said “commercial health,” said Bank of America. The signal is strong but FX, UK, advertising has weight,” to Krispy Kreme earnings Nov. 15, “We expect FX to be favorable at the high end of the guide ($10-$10). 12mm year-on-year), exacerbated by lower sales growth in the UK as record heatwaves and inflation dampen demand.” Wells Fargo reiterates Bank of America as Wells’ top pick said it has greater confidence in Bank of America stock after a meeting with company executives. “For us, BAC is scoring well for its position over the last 1, 5 and 10 years. Buy.” Morgan Stanley echoed Walmart because Morgan Stanley said it liked Walmart’s defensive position. “We prefer service-oriented retailers WMT, DG & AZO, and DRVN. While the pricing of the more cyclical names in our field is optically attractive, we do. thinks the EPS 23 estimate is too high for many of them.” Argus calls Boeing a deeply valuable idea Argus says cash flow at Boeing is improving. “Stocks remain 60% below all-time highs as the company weathers the coronavirus crisis and its own internal problems.” Cowen reiterated Coinbase outperforming Cowen said it stood by Coinbase shares following Thursday’s earnings report, noting that “liquidity management and costs remain stable.” “Positive catalysts remain amid gloomy trading, including US derivatives launches, regulatory clarity and growing S&S revenue, which has little more direct correlation with crypto price/volatility.” Citi upgraded Penumbra to buy back from shares Citi said investors should buy shares in the medical device company. “PEN’s 3Q22 results were slightly better than expected, with revenue of $213.7 million surpassing $212.3 million of consensus and cost management delivering an operating profit of 7,” $8 million versus $1.5 million.” Jefferies recalled that Topgolf Callaway Brands when it acquired Jefferies said it saw the golf company’s shares rise 200%. “MODG is a story that beats & elevates and records repeatable results. Mgmt has proven itself and it’s a compelling ecosystem with balanced growth, strong margins and inflows. money grows fast.”