Tuesday’s Biggest Analyst Calls: Apple, Amazon, Boeing, Chipotle, Rivian, Etsy, Exxon and More


Tuesday was a big day for analyst calls. Investment firms such as Piper Sandler, Citi, Morgan Stanley, KeyBanc and BofA, among others, had lots to say on the performance of the Wall Street stocks. Among the notable ones were Apple, Amazon, Boeing, Chipotle, Rivian, Etsy, and Exxon.

Piper Sandler reiterated its outlook for Apple, viewing it as an “overweight” stock as the survey revealed near record iPhone ownership and intention to purchase. Citi initiated Sarepta with a Buy rating as it expects its gene therapy drug to receive FDA approval soon. Morgan Stanley upgraded railroad stocks such as Norfolk Southern and CSX to Equal Weight from Underweight noting their potential to outperform this year. KeyBanc upgraded Comcast to Overweight from Sector Weight citing themes parks potential and capital returns. Bank of America reiterated its Buy rating on Endeavor, citing their plans to merge WWE and UFC. Loop upgraded Burlington to Buy from Hold noting the value their products brings to low-income consumers. UBS also reiterated its Buy rating on Apple, saw a dip in App Store revenue. Goldman Sachs reaffirmed its Buy rating for Exxon for their solid Downstream projects and returns to Shareholders. Baird upgraded ServiceNow to Overweight from Neutral citing end-market resiliency and durable growth trends, while Pinper Sandler upgraded Etsy to Overweight following continued share gains. JPMorgan upgraded Prudential to Overweight due to their superior business mix and negative sentiment, while Morgan Stanley maintained its Overweight stance on Walmart and Amazon, citing their power over retailers’ proprietary customer data. Canaccord reiterated its Buy rating on Rivian and their ability to capture market share with their electric vehicles, Oppenheimer reaffirmed its Outperform rating for Chipotle for the attractive risk/reward it offers, and Northcoast downgraded Boeing to Sell, due to the expected changes in aircraft production schedules. Lastly, Oppenheimer reaffirmed its Outperform rating for First Solar and Sunrun expressing its optimism in renewables, and Deutsche Bank echoed with its Buy rating for Citizens Financial and PNC as its top picks and Bank of America reiterated its Buy rating for Analog Devices, praising its best-in-class free-cash flow returns.

Apple is an American technology giant, renowned globally for its successful line of smartphones and computers. Established by Steve Jobs, Steve Wozniak, and Ronald Wayne, the Cupertino-headquartered company has set a path to success with innovative products, cutting-edge services, and efficient solutions.

Piper Sandler is a Minneapolis-based financial services firm that offers a variety of solutions, such as investment banking, equity research, prime services, market making and more. Founded in 1895, the multinational company is a trusted partner in financial services, helping its clients to solve complex problems. The firm is led by Chairman and CEO, Andrew J. Duff and President, Todd S. Wochos. The power duo has positively contributed to the successful track record of the company, consistently delivering impressive financial performance and superior client service.