'MUST-OWN': Jefferies analyst Trevor Williams upgraded Square ($SQ) to Buy from Hold with a price target of $300, up from $265, after assuming coverage of the name. Square is a "must-own" over the long term as a "proven innovator" within payments, Williams told investors in a research note. The analyst sees a "long runway for share gains" for the company's Seller and views the Cash App as the leader within the "crowded" neobank category. Further, the Afterpay deal has the potential to be 12% to Square's pro forma gross profit by fiscal 2025, Williams added. ET7 POTENTIAL: Goldman Sachs analyst Fei Fang upgraded Nio ($NIO) to Buy from Neutral with an unchanged price target of $56, which implies 65% upside potential from current levels. Fang increased 2021-2023 revenue forecasts by 2% and 7%, respectively, to reflect the "differentiated" ET7 product launch, but maintains profit estimates and valuation. Nio's shares have sold off by 34% since July 1, with some of the weakness being "Nio-specific" and some of the weakness being market and macro-related, Fang said. Nio unveiled the ET7, its fourth passenger vehicle model and the first sedan product at the Nio Day in January 2021, noted the analyst, who believes Nio's positioning of the ET7 is "strategic." The ET7's price makes it China's most expensive car model ever launched by domestic manufacturers, "strengthening Nio's brand equity in the premium space," he added. ON THE SIDELINES: MoffettNathanson analyst Craig Moffett upgraded AT&T ($T) to Neutral from Sell with a price target of $28, up from $23. The stock's "blood-letting has been enough to move to a neutral posture," Moffett told investors in a research note. The analyst believes AT&T's "steady underperformance has given rise to an emerging bull case." AT&T's relative price-to-earnings ratio is "as cheap as it has ever been," and a rise in the ten-year would likely bring a rising dollar, a backdrop that would tend to be favorable to AT&T, Moffett contended. However, the analyst finds the bull case "unpersuasive" on fundamentals. Furthermore, he believes the company remains over-levered and that its $20B free cash flow guide "looks overly optimistic." 'OVERBLOWN' CONCERNS: Morgan Stanley analyst Simeon Gutman upgraded Five Below ($FIVE) to Overweight from Equal Weight with an unchanged price target of $230. The stock is trading at a discount on freight and inventory concerns, "which seem overblown," Gutman told investors in a research note. The analyst believes Five Below is "outpunching its weight" in inventory, freight and financial management, and sees a good entry point for this "attractive growth story." 'ELEVATED' ATE BUSINESS: DA Davidson analyst Thomas Diffely upgraded Teradyne ($TER) to Buy from Neutral with a price target of $140, up from $135. The analyst believes that the company's core Automated Test Equipment, or ATE, business is expected to remain at elevated levels while noting that the ramping momentum in the Industrial Automation, or IA, group should provide "meaningful" growth in the coming years. Diffely added that his prior neutral stance reflected his view of a "lackluster" IA performance, but sees IA momentum having returned.Disclosure: I may trade in the ticker symbols mentioned, both long or short. My articles represent my personal opinion and analysis and should not be taken as investment advice. Readers should do their own research before making decisions to buy or sell securities. Trading and investing include risks, including loss of principal. If you liked this article, please click the LIKE (thumbs up) button. Feel free to leave any comments, question, or opinions. (Sign-up if you haven't already done so). Follow us/bookmark us and check back occasionally for additional articles or comments on our page... Wild Tiger Trading - start/main page. .