Here are Friday's biggest analyst calls of the day: Coinbase, Amazon, Hershey, Pinterest & more

Published Fri, Jul 30 20218:28 AM EDT

Here are the biggest calls on Wall Street on Friday: Bank of America reiterates Amazon as overweight Bank of America lowered its price target on shares of the e-commerce giant to $4,250 from $4,350 after the company's " disappointing" earnings report on Thursday. The firm added that Amazon still remains in a "solid position." "While outlook was disappointing, and bears could argue Amazon is investing in 1-Day fulfilment out of competitive necessity (Walmart, DoorDash, Uber local delivery), we think Amazon remains in a solid position, with U.S. retail growth likely above industry growth." Read more about this call here . Bernstein reiterates Hilton as outperform Bernstein called the hotel company the "Waldorf-Astoria of hotel stocks" after its strong earnings report on Thursday. "Hilton is set to come out of the crisis a stronger company than when it went in, with years of high growth and compounded earnings, driven by industry leading unit growth, expanding pipeline and brands with plenty of white space internationally, giving a clear line for 15% to 20% EPS growth." Mizuho lowers price target on Coinbase to $210 from $225 Mizuho lowered its price target on the crypto company and said it has concerns about Coinbase's third-quarter sales numbers. "Despite the mini bitcoin rally to $40K earlier this week, our analysis of actual July volumes shows that activity remains subdued thus far in 3Q." BTIG raises price target on MicroStrategy to $950 from $850 BTIG raised its price target on the stock to a Street high after the analytics platform company's top and bottom line earnings beat on Thursday. "While MSTR' s stock has been primarily a play on the long-term prospects of bitcoin since the company launched its bitcoin acquisition strategy last August, the operating performance of its software business remains quite meaningful." Cowen reiterates Live Nation as outperform Cowen reiterated its outperform rating on the concert and ticketing company and says it's bullish heading into Live Nation 's earnings report on August 3. "We expect Q2 Ticketing to benefit from lifted capacity restrictions on professional sports franchises (MLB, NBA, NHL) in the quarter." Goldman Sachs removes Mondelez from the conviction buy list Goldman Sachs reiterated its buy rating on Mondelez but removed the multinational food company from the conviction buy list due to "cost pressures." "We, however, remove the stock from our conviction list as its 4+ year duration on our conviction list is sub-optimal for a list designed to reﬂect our freshest ideas and we believe that industry-wide cost pressures compounded with risk of weaker volumes and higher promotions is likely to weigh on the Food group later this year. We believe that MDLZ will weather these headwinds far better than many peers, but nonetheless believe that upside for the stock may be contained if the food group falls further out of favor." JPMorgan downgrades Pinterest to neutral from overweight JPMorgan said in its downgrade of the stock that it was more cautious after the company's earnings report on Thursday. "Overall, PINS delivered solid revenue growth amid high expectations for 2Q, but the magnitude of the monthly active users miss, disappointing 3Q outlook, & uncertainty around the shift to more of a creator platform are likely to keep pressure on shares near term." Read more about this call here. Bank of America reiterates Hershey as buy Bank of America kept its buy rating on the chocolate and candy company after its strong earnings report on Thursday. " HSY reported 2Q21 results that were above expectations driven by recovery in away from home channels, sustained elevation in at home channels and inventory replenishment in North America retailers." RBC upgrades T-Mobile to outperform from sector perform RBC said in its upgrade of T-Mobile that it has a "compelling growth outlook" after the company's earnings report on Thursday. "We now have increased confidence in the long-term sustainability of the recent operating and financial momentum as management drives continued subscriber traction with its network strength and taps into evolving market opportunities across rural areas, large enterprise and government sectors, and home broadband." Read more about this call here. Cowen upgrades Nokia to outperform from sector perform Cowen said in its upgrade of Nokia that it now sees a clear upward trajectory in the stock. "Post 2Q21 results, we are raising our estimates, PT and rating to Outperform. Demand environment continues to be very favorable. What has changed is NOK's improving execution — we think upward trajectory is now clear and we expect meaningful incremental improvement from here, which, while helping drive incremental revenue growth, should especially help margin structure and thereby EPS and cash flow." Morgan Stanley reiterates Simon Property as overweight Morgan Stanley says it has "increased conviction" in the mall company heading into earnings next week. "While open air centers are on stronger footing than malls, we think the bar for SPG to beat and raise is lower. As conviction in the recovery grows, we expect the stock to re-rate." Bank of America upgrades The Hartford to buy from neutral Bank of America said in its upgrade of the insurance company that it has an "attractive" risk/reward. "We are upgrading shares of Hartford to Buy from Neutral. With a price objective of $76 (up $1 due to yesterday's market performance), there is 21% upside potential in the shares from appreciation plus a dividend yield above 2%. This makes it among the more attractive risk/return opportunities in our coverage universe." Evercore ISI downgrades Pinterest to in line from outperform Evercore said in its downgrade of the social media company that it has concerns about user growth after the company's earnings report on Thursday. "There is now something of an open question as to whether PINS is experiencing maturation risk in its lead market, the U.S." Morgan Stanley reiterates Yum! Brands as overweight Morgan Stanley reiterated its overweight rating on the owner of Taco Bell and said it sees "strong underlying fundamentals after the company's earnings report on Thursday. "Strong core fundamentals and an upwardly revised unit growth target (4-5% vs pre-Covid 4%) should renew investor interest in YUM ." Wedbush reiterates Uber and Lyft as outperform Wedbush said it expects the ridesharing companies to show a "massive rebound in demand" when they report earnings next week. "We expect Uber and Lyft 's upcoming 2Q results, which should include a healthy profitability trajectory for 2021, to be a major step forward for ridesharing to show a massive rebound in demand." Baird reiterates First Solar as outperform Baird kept its outperform rating on the solar company after its earnings on Thursday and says that "secular tailwinds" are getting stronger. "Yes, 2Q21 was noisy because of widely anticipated, elevated shipping costs. However, the undercurrents of improved bookings, additional capacity expansion in India, and improved ASPs keep us optimistic as First Solar's secular tailwinds are strengthening."

Chocolate bars are displayed for sale at Hershey's Chocolate World store in Hershey, Pennsylvania, on July 13, 2018.

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Here are the biggest calls on Wall Street on Friday: