Here are the biggest calls on Wall Street on Friday: Jefferies upgrades Rivian to buy from hold Jefferies upgraded the electrical vehicle maker following earnings on Thursday. “We upgrade Rivian s hares to Buy … Rivian Q3 indicated higher than expected order conversion rate for the high end R2 launch trim. R2 volume trending ~2x R1 volume in Q4, including high take up for Autonomy (hands off), somehow consistent with recent experience with Tesla FSD.” Morgan Stanley reiterates Amazon as overweight The bank lowered its price target to $335 per share from $350 following Amazon’s earnings release late Thursday. “AWS tactical expectations may have gotten too high into the print … While ’28 EPS falls ~5% to ~$15.8, we remain OW with $335 PT having 45% upside. AMZN remains Top Pick.” Read more. Raymond James reiterates Nvidia as strong buy Amazon’s earnings results show Nvidia is a beneficiary of Amazon Web Services, Raymond James says. “NVIDIA: AWS keeps buying NVIDIA systems…
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