Thursday's analyst calls: Discount retailers upgraded, more good news for Carvana, tough outlook for CVS

Thursday's analyst calls featured a mix of upgrades and downgrades across various sectors. Discount retailers TJX and Burlington, along with used car outlet Carvana, received upgrades due to strong consumer value hunting and impressive earnings results, respectively. However, CVS faced a downgrade from UBS following a disappointing earnings report, citing the need for a "reset" due to higher medical costs and other challenges.

In other news, Jefferies resumed coverage of Netflix with a buy rating, optimistic about its advertising potential and subscriber growth strategies. Meanwhile, The Trade Desk was upgraded by Jefferies due to the shift towards connected TV advertising, and MGM Resorts received a positive outlook from Susquehanna after surpassing Q1 expectations. Conversely, Fastly was downgraded by Bank of America due to weak guidance and near-term risks, highlighting a cautious approach to its stock.