(This is CNBC Pro's live coverage of Thursday's Analyst Call and Wall Street Chat. Refresh every 20-30 minutes to see the latest posts.) In Thursday's early Analyst Call: Cloud stocks and two gold miners were in the spotlight. Morgan Stanley downgraded Snowflake's rating following the company's financial results. Additionally, Jefferies has upgraded Barrick Gold and Newmont Mining to hold status, saying it expects significant gains for both miners. Check out the latest calls and chats below. Always Eastern Time. 5:54 a.m.: Morgan Stanley downgrades Snowflake following fourth-quarter results His Morgan Stanley sidelines Snowflake's mixed fourth-quarter results and CEO Frank Sloatman's resignation I think that's a good reason to become a person. The bank lowered its rating on Cloud stock from overweight to equal weight and lowered its price target from $230 to $175 per share. Morgan Stanley's forecast represents a nearly 24% downside from Wednesday's closing price. Shares fell more than 22% in premarket trading Thursday. Analyst Keith Weiss said sales growth in the fourth quarter was a little slower than expected. He also noted that „a sharper-than-expected slowdown and CEO departure than expected in FY25 guidance is likely to heighten investor concerns about generative AI competition and positioning.“ The company on Wednesday gave lower-than-expected first-quarter product revenue estimates in the range of $745 million to $750 million. Analyst estimates compiled by Street Account were for $759 million. The 33% year-over-year growth in product revenue in the fourth quarter also fell short of Wall Street expectations. —Brian Evans 5:54 a.m.: Jefferies upgrades mining stocks Newmont and Barrick Gold He says now is the time to buy more shares in battered gold miners Newmont and Barrick Gold, according to Jefferies. He said he came. Analyst Matthew Murphy upgraded both stocks from hold to buy. He also raised his price target on Newmont from $34 to $38, suggesting an upside of 27.2%. His price target for Barrick is $15 to $21, implying a 46% upside over the next 12 months. Murphy pointed to the disconnect between what Barrick has accomplished over the past five years and its stock price. During this time, stock prices rose 13% and gold prices soared 55%. During that time, the company's debt has fallen from about $4 billion to $600 million, he said. Still, „part of the challenge is that the confidence in the portfolio is not there yet. The only segment that has been more or less strong is Africa (and the Middle East, AME). „The sooner we can get it up and running, the better,“ Murphy said. Indeed, he said the company has “ample opportunity to reverse upward pressure on unit costs with the help of its high-quality asset portfolio. It will be helpful.” As for Newmont, Jeffries believes the acquisition of Newcrest, announced in November, could „create value“ for shareholders. „We see asset disposals and cost improvements likely to reverse the stock price weakness as the market recognizes the strength of the asset portfolio.“ Both stocks have struggled year-to-date, with each It has fallen by more than %. Gold, on the other hand, fell just 1.5%. — Fred Imbert