Here are the biggest calls on Wall Street on Friday:
Morgan Stanley reiterates Nvidia as overweight
The firm cut its price target to $267 per share from $300 on Nvidia. “Resignation of CEO is a major setback, lack of an immediate permanent successor & China regulatory risk are factors - but we believe the foundation is strong and even on more conservative assumptions the risk reward is still very positive.”
Truist downgrades Nvidia to hold from buy
Truist said it’s concerned about Nvidia’s “culture.” “Unfortunately, it’s not just about ex-CEO Jensen Huang’s affairs or his resignation, but also about the potential tha t NVDA’ s culture becomes impaired, and that the company may have shipped GPUs that became accessible to companies and government entities in China, challenging future revenue performance
Wolfe reiterates Nvidia, Broadcom and Marvell as outperform
Wolfe said it’s sticking with all three stocks. “We remain positive on AI stocks under coverage (NVDA, AVGO, MRVL); demand for AI inference has continued be very strong and we see upside to estimates across our covered names, concerns on financing / power availability persist.”
KeyBanc reiterates SpaceX as sector weight
KeyBanc said its bullish on the company’s Starship launch. “At 5:45 p.m. CDT (6:45 p.m. EDT) Nov 13, the launch window opens for SPCX’s 15th integrated flight test of its super-heavy lift rocket, Starship. ... .The launch is a key milestone for the program, as SPCX seeks to demonstrate fixes and enhancements implemented following some anomalies encountered during Flight 14 in September 2026.”
KeyBanc upgrades Palo Alto Networks to overweight from sector weight
Key said investors should buy the dip. “We are upgrading shares of PANW t o Overweight as we expect security budgets to accelerate through 2027, Palo a leading beneficiary of the trend toward consolidation with strong product offerings in key areas to secure AI and defend against the accelerated.” Read more.
Goldman Sachs reiterates CoreWeave as buy
Goldman said it came away from investor meetings feeling confident in its buy rating. ” CoreWeave has steadily executed on pushing up to higher levels of the software infrastructure stack through to the highest level of managed inference, and as it does so, it recognizes 10-20pts higher gross margin vs. its bare metal compute business.”
Rothschild & Co Redburn downgrades Broadcom to neutral from buy
The firm said it sees limited upside potential right now. “Beyond this, the market needs reassurance that Google’s customer-owned tooling efforts will not become widespread. The upside potential to Broadcom shares from clearing these hurdles is appreciable but is unlikely to occur quickly. This limits the ability for Broadcom shares to rerate versus peers, and we downgrade to Neutral.”
Baird upgrades Domino’s Pizza to outperform from neutral
Baird said the company has the “right mix for better returns.” “We are upgrading DPZ t o Outperform as we see a clearer path to better SSS performance and franchisee profitability.”
Stifel downgrades Lowe’s to sell from hold
Stifel said the company has “underappreciated challenges.” “We outline a cautious approach to HD shares while downgrading LOW s hares to Sell from Hold ahead of F3Q26 earnings next week.”
Jefferies upgrades Steris to buy from hold
Jefferies said there’s robust EPS growth ahead for the medical supplies company. “We U/G STE to Buy. Investors can now buy a steady DD% EPS grower below its avg multiple with headwinds behind it. FY2 valuation has compressed 10% over 18 months on US insurance coverage losses and concerns about medtech volumes.”
StoneX initiates Deckers as buy
StoneX said it likes the company’s balance sheet. “We see a compelling investment opportunity in DECK, supported by its attractive LT growth prospects and robust FCFs, best-in-class returns, and a healthy balance sheet.”
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