以下是华尔街周五的最大评级调整：瑞银维持对苹果的中性评级。瑞银表示，其调查显示iPhone等待时间持平。“瑞银证据实验室追踪30多个地区iPhone供应情况的数据显示，与去年同期相比，Pro机型平均等待时间缩短了约4天，Pro Max机型则相对持平。”摩根士丹利维持对特斯拉的持仓权重评级。该公司表示，在特斯拉财报发布前，其态度正变得更加“积极”。
Here are Friday's biggest calls on Wall Street: UBS reiterates Apple as neutral UBS said its checks show iPhone wait times are flat for Apple. "UBS Evidence Lab data that tracks iPhone availability across 30+ geographies indicates that average wait times were shorter by ~4 days YoY for the Pro and relatively flattish for the Pro Max." Morgan Stanley reiterates Tesla as equal weight The firm said it is getting more "constructive" ahead of Tesla earnings. "Energy remains an underappreciated business, with integrated storage, solar, and compute driving Tesla as an integrated distributed compute and power provider." JPMorgan initiates Praxis Precision Medicines as overweight JPMorgan called the company "unique."
“能源仍是一个被低估的业务，集成储能、太阳能和计算正推动特斯拉成为一家集成的分布式计算和电力供应商。”摩根大通对普拉西斯精准医学给予超配评级。摩根大通称该公司“独特”。“我们对普拉西斯精准医学（PRAX）启动覆盖，给予超配评级，2027年12月目标价700美元。”斯通X对陶尔兄弟给予买入评级。斯通X表示，尽管存在住房市场不确定性，该房屋建造商地位稳固。
"We are initiating coverage of Praxis Precision Medicines (PRAX) with an Overweight rating and a Dec 2027 price target of $700." StoneX initiates Toll Brothers as buy StoneX said the homebuilder is well positioned despite the housing uncertainty. "We Initiate TOL With a Buy Rating and Price Target of $165 Per Share." William Blair initiates Revolution Medicines as outperform The firm said Revolution is in a "dominant position." "We are initiating coverage of Revolution Medicines with an Outperform rating and a DCF- based valuation of $226 per share." Macquarie initiates Intuitive Machines as outperform Macquarie said it likes the company's balance sheet.
“我们对陶尔兄弟（TOL）给予买入评级，目标价每股165美元。”威廉·布莱尔对革命医药给予跑赢大市评级。该公司表示，革命医药处于“主导地位”。“我们对革命医药启动覆盖，给予跑赢大市评级，基于现金流折现的估值为每股226美元。”麦格理对直觉机器给予跑赢大市评级。麦格理表示，它看好该公司的资产负债表。
"LUNR offers exposure to increasing investment in recurring space operations and services, supported by a broad range of capabilities which has enabled its transformation into a vertically integrated space prime, while also supported by a net cash balance sheet." Roth upgrades Avino Silver to buy from hold Roth said shares have plenty of upside. "We are upgrading ASM f rom Neutral to Buy while lowering our price target from $8.00 to $7.00." Goldman Sachs initiates Elanco and Idexx Laboratories as buy Goldman said both animal health companies are compelling. "I DXX (Buy): High-quality compounder with proven execution track record. ... . ELAN (Buy): Innovation-driven turnaround story where we believe the market under-appreciates the runway for growth from recent product cycles..."
“LUNR提供了对日益增长的空间运营和服务投资的敞口，其支持的广泛能力使其转型为垂直整合的空间主承包商，同时还拥有净现金资产负债表支持。”罗斯对阿维诺银业从持有上调至买入。罗斯表示，该股有很大上涨空间。“我们将阿维诺银业（ASM）从中性上调至买入，同时将目标价从8.00美元下调至7.00美元。”高盛对伊兰科和艾德克斯实验室给予买入评级。高盛表示，这两家动物保健公司都很有吸引力。
Piper Sandler initiates iRhythm as overweight Piper said investors should buy the dip. "We are initiating coverage of iRhythm (Nasdaq: IRTC) with an Overweight rating and $160 PT, which ascribes a ~4.5x EV/Sales multiple to our '28E sales estimate." Evercore ISI reiterates Nvidia as buy Evercore said it's sticking with the stock. "We are buyers of NVDA. NVDA has underperformed SPX recently, which we attribute to 3 concerns: 1) DeepSeek lowers AI demand; 2) DeepSeek shifts AI compute-cycles away from NVDA; and 3) Blackwell delays. Our channel checks dispute the concerns."
“I DXX（买入）：具有可靠执行记录的高质量复合增长公司。…… ELAN（买入）：创新驱动的扭亏为盈故事，我们认为市场低估了近期产品周期带来的增长空间……” Piper Sandler 给 iRhythm 定级超配，Piper 表示投资者应逢低买入。“我们对 iRhythm（纳斯达克：IRTC）启动覆盖，给予超配评级，目标价 160 美元，该目标价对应我们对‘28E 销售预估的约 4.5 倍 EV/Sales 倍数。”
Needham initiates Victoria's Secret as buy Needham said it is bullish on the company's turnaround. "We are initiating coverage of VSXY with a Buy rating and $106 PT."
Evercore ISI 重申对 Nvidia 的买入评级，Evercore 表示将继续持有该股。“我们是 NVDA 的买家。NVDA 近期跑输 SPX，我们将其归因于三个担忧：1）DeepSeek 降低了 AI 需求；2）DeepSeek 将 AI 计算周期从 NVDA 转移出去；3）Blackwell 出现延迟。我们的渠道检查对这些担忧持异议。” Needham 给 Victoria's Secret 定级买入，Needham 表示对该公司的扭亏为盈持看好态度。
Goldman Sachs upgrades Zeta Global to buy from neutral Goldman said it has better visibility. " ZETA shares are up 65% YTD, but we expect upside to numbers could drive continued outperformance and we see a compelling 4x risk/reward skew." Citi initiates Mobileye as buy Citi said the company is best positioned for autonomous driving. "Autonomous driving begins with vision, and Mobileye is the global leader with vehicle vision solutions.
“我们对 VSXY 启动覆盖，给予买入评级，目标价 106 美元。” 高盛将 Zeta Global 从中性上调至买入，高盛表示其可见度更好。“ZETA 股票今年以来已上涨 65%，但我们预计业绩超预期可能推动持续跑赢，并看到有吸引力的 4 倍风险/回报偏差。” 花旗给 Mobileye 定级买入，花旗表示该公司在自动驾驶领域定位最佳。
We are initiating coverage on MBLY with a Buy rating and a $11 price target." Read more. Jefferies initiates Concentra as buy Jefferies said shares have more room to run. "CON is a high-quality compounder with differentiated ROIC (11-13% v. peer avg at 6-9%), a structurally advantaged payor mix that improves its risk profile, and a dominant position in the Occupational Health industry."
“自动驾驶始于视觉，Mobileye 是拥有车载视觉解决方案的全球领导者。我们对 MBLY 启动覆盖，给予买入评级，目标价 11 美元。” 阅读更多。 Jefferies 给 Concentra 定级买入，Jefferies 表示该股还有上涨空间。“CON 是一家高质量复合增长公司，拥有差异化的 ROIC（11%–13%，同行平均为 6%–9%）、结构性优势的付款人组合可改善其风险状况，并在职业健康行业占据主导地位。”
Evercore ISI reiterates SpaceX as outperform Evercore raised its price target to $275 per share from $230. "We expec t SPCX's 3 Q26 print to be judged less on the quarter (where we're ahead of the Street on revenue/EBITDA) than on five debates that should drive medium-term estimates and sentiment through year-end and into 2027." Read more.
Evercore ISI 重申对 SpaceX 的跑赢大市评级，Evercore 将其目标价从每股 230 美元上调至 275 美元。
DA Davidson upgrades Martin Marietta Materials to buy from neutral DA said investors should buy the weakness.
“我们预计SPCX第三财季的业绩将更多地取决于五场辩论，而非单一季度（我们在营收和息税折旧摊销前利润方面领先于华尔街预期），这五场辩论将推动中长期预期和市场情绪，直至今年年底并延伸至2027年。” 阅读更多。DA戴维森将Martin Marietta Materials从中性上调至买入 DA表示，投资者应在股价下跌时买入。
"We are upgrading MLM t o BUY, $610 PT." JPMorgan upgrades EchoStar to overweight from underweight The firm reinstated coverage and says EchoStar shares are attractive.
“我们将MLM上调至买入，目标价610美元。”摩根大通将EchoStar从低于市场平均水平上调至增持 该公司重启对其覆盖，并表示EchoStar股票具有吸引力。“在一段限制期后，我们将评级上调至增持，并将2027年12月的目标价设为144美元，此前为不评级。”雷蒙德·詹姆斯将Greif从市场表现上调至跑赢市场 雷蒙德·詹姆斯表示，该公司是一个“自我帮助故事”。
"Following a period of restriction, we are moving to an Overweight rating and a December 2027 price target of $144 from a Not Rated designation." Raymond James upgrades Greif to outperform from market perform Raymond James said the company is a "self-help story." "We are upgrading GEF from Market Perform to Outperform. Regardless of volumes (which we continue to expect will be weak) Greif's self-help playbook continues to drive margin expansion."
“我们将GEF从市场表现上调至跑赢市场。无论销量如何（我们继续预计销量将疲软），Greif的自我帮助策略仍在推动利润率扩张。”雷蒙德·詹姆斯将Capri从跑赢市场上调至强烈买入 雷蒙德·詹姆斯表示，Capri股票具有吸引力。“从跑赢市场上调至强烈买入，基于有利的设置。”摩根士丹利将Moog从持平上调至增持 摩根士丹利表示，它看好盈利增长。
Raymond James upgrades Capri to strong buy from outperform Raymond James said Capri shares are compelling. "Upgrade to Strong Buy from Outperform on favorable setup." Morgan Stanley upgrades Moog to overweight from equal weight Morgan Stanley said it sees earnings growth. "We upgrade Moog t o OW from EW as we see cons. underestimating growth / earnings into next year.
“我们将Moog从持平上调至增持，因为我们认为共识低估了明年及以后的增长和盈利。2027财年指引和12月投资者日将提供催化剂。”美国银行将Fox从跑输市场上调至买入 美国银行表示，它对Roku收购持看好态度。“我们将Fox从跑输市场上调至买入，并将目标价从54美元上调至85美元，现在反映了我们对2028年日历年更新后的协 forma EV/EBITDA约10倍的估值，因为我们认为，在即将进行的Roku收购之后，风险回报比已经发生了变化。”
FY27 guide and Dec. investor day present catalysts." Bank of America upgrades Fox to buy from underperform Bank of America said it's bullish on the Roku acquisition. "We upgrade Fox to Buy from Underperform and raise our PO to $85 from $54, now reflecting ~10x our CY28E updated pro forma EV/EBITDA, as we believe the risk/reward has shifted following the pending Roku acquisition."
诺斯兰将Semtech从市场表现上调至跑赢市场 诺斯兰表示，风险回报比现在更具吸引力。“我们上周下调了SMTC的评级，因为股价超过了我们的目标价。股价一周内下跌了24%。”
Northland upgrades Semtech to outperform from market perform Northland said the risk/reward is now more attractive. "We downgraded SMTC last week, as the share price exceeded our PT.
我们现在认为风险回报和估值更为有利。高盛重申微软为买入评级。该公司表示，在财报发布前持看涨态度。”我们认为微软是我们软件覆盖范围（亦在CL中）中最有利的标的，能够从复合的人工智能产品周期中受益。“雷蒙德·詹姆斯将布林克尔从跑赢大盘上调至强烈买入。雷蒙德·詹姆斯表示，拥有Chili's等品牌的公司正处于全速运转状态。”
Shares declined 24% in a week. We now believe the risk-reward and valuation are more favorable." Goldman Sachs reiterates Microsoft as buy The firm said it's bullish ahead of earnings. "We think Microsoft i s the best positioned name in our Software coverage (also on CL) to benefit from compounding AI product cycles." Raymond James upgrades Brinker to strong buy from outperform Raymond James said the owner of Brands like Chili's is firing on all cylinders.
我们将EAT从跑赢大盘上调至强烈买入，因为我们1)预计将出现强劲超预期和上调，并对我们高于共识的估计充满信心；2)看到可操作的杠杆，以维持MSD%+的同店销售增长（菜单、营销、运营）……”
"We are upgrading EAT t o Strong Buy from Outperform as we 1) expect a strong beat/raise and are confident in our above-consensus estimates, 2) see tangible levers to sustain MSD%+ comp growth (menu, marketing, ops)..."