By Michael Bloom
Publication Date: 2026-03-12 12:30:00
Here are the biggest calls on Wall Street on Thursday: Morgan Stanley names Alibaba a top pick Morgan Stanley says the company is a standout for its own “in house” chips. “Owning the full AI stack materially raises the likelihood of becoming an AI winner. In-house chips also mitigate competitive and regulatory risks. We elevate BABA to our Top Pick, replacing Tencent, despite near-term pressure on earnings.” Wells Fargo upgrades Occidental to overweight from underweight Wells Fargo says the oil and energy company is firing on all cylinders. “We are double-upgrading OXY to OW with a $69 target price. OXY’s peer-leading oil sensitivity is both an opportunity and a risk, but it’s primarily Permian capital efficiency trends informing this rating change.” Read more. Citigroup adds a positive catalyst watch on Delta Air Citi says it’s sticking with its buy rating on Delta. “We are issuing a positive 30-day catalyst watch. We believe that the recent macro shock and fuel price volatility is increasingly priced into the airline stocks with the least amount of fuel exposure.” Baird initiates Jabil at outperform Baird says Jabil is a “prime beneficiary of de-globalization.” “JBL has a clear vision of being the best manufacturer globally. Amid increased diversification overall, the company has emerged as a key AI enabler with multiple paths to growth.” TD Cowen initiates Arista Networks at buy TD Cowen says shares of Arista have plenty more room to run. “We view Arista as likely to…
