Check out today's top analyst calls from around Wall Street, compiled by The Fly.

ROOM FOR SHARE GAINS: Gordon Haskett analyst Robert Mollins initiated coverage of Uber (UBER) with a Buy rating and $65 price target. Uber "continues to further engrain itself in the everyday lives of consumers," which will lead to share gains across both rides and delivery, Mollins argued. In the near-term, Uber offers investors exposure to the reopening via its rides segment and defense against a prolonged COVID backdrop via its food segment, while longer-term he views Uber as well positioned to capitalize on a structural shift toward convenience with its restaurant and grocery delivery offerings, the analyst added.

'LACK OF COVID HEDGE': Gordon Haskett analyst Robert Mollins initiated coverage of Lyft (LYFT) with a Hold rating and $59 price target. Lyft has proven bears wrong over the years in terms of their view that the company can't compete against much larger rival Uber by increasing its share in the U.S. rideshare market, Mollins said. However, he sees Lyft as disadvantaged relative to Uber, which is building a super app that should be instrumental in driving share gains, and expects Uber to take back share in coming quarters. Also, given the increasing likelihood of a prolonged COVID backdrop from new and more contagious COVID variants, the analyst sees limited multiple expansion opportunity in the near-term with Lyft "lacking a COVID hedge."

Mollins also started DoorDash (DASH) with a Buy rating and $206 price target as he views it as "more than just a COVID play."

CONTINUED OPERATING LOSSES: Argus analyst David Toung downgraded Teladoc (TDOC) to Hold from Buy. The analyst noted that the company continues to post operating losses because of the rise in marketing, sales, and technology related costs that are rising faster than revenues. Further, Toung added that Teladoc saw "strong" membership growth in 2020 amid increased demand for virtual healthcare during the pandemic, but the range of competitors in the telehealth space is expanding.

MOVING TO THE SIDELINES: Deutsche Bank analyst Steve Powers downgraded Estee Lauder (EL) to Hold from Buy with a price target of $322, up from $320. With the stock up 69% over the past year, Estee Lauder appears to already be discounting $10 in earnings per share in fiscal 2023, Powers told investors in a research note. The company's fiscal fourth quarter results are "likely to be strong but not overwhelming," and its fiscal 2022 guidance is likely to be not significantly above consensus, the analyst said. Powers no longer sees a positive risk/reward at current share levels.

POSITIVE COMMENTARIES ON DEMAND, PRICING: Susquehanna analyst Biju Perincheril upgraded First Solar (FSLR) to Positive from Neutral with a price target of $120, up from $89. The analyst cited management's "positive commentaries" on module demand and pricing on the second quarter earnings call. Average selling prices for new bookings appear to be stabilizing due in part to an increase in c-Si panel prices and c-Si supply disruption concerns, Perincheril told investors in a research note. Although First Solar's margins will continue to contract both this year and in 2022 as price declines outpace cost improvements, its margin trajectory will reverse starting in 2023 and continue into 2024, he added.