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Skip NavigationMarketsBusinessInvestingTechPolitics & PolicyVideoWatchlistInvesting ClubPROLivestreamMenuHere are Thursday’s biggest calls on Wall Street: JPMorgan upgrades CoreWeave to overweight from neutral The firm said it sees an improving “pricing backdrop.” “We are upgrading CoreWeave to Overweight from Neutral, led by the favorable pricing backdrop for compute given the strong demand backdrop as well as the incremental willingness of the company to lean into short-term contracts at premium pricing…” Bernstein upgrades Quanta Services to outperform from market perform Bernstein said the stock has “de-rated.” “.. .PWR is capturing more scope at higher margins, and strong free cash flows fund acquisitions that expand access to scarce craft labor & execution capacity.” Wells Fargo initiates Old National Bancorp as overweight Wells said it sees organic growth. “Old National has yet to experience the typical post-acquisition re-rating following the Bremer acquisition. With M & A activity likely on pause, spotlight on profitability, capital return & organic growth, supports higher multiple. Initiate OW, $30 PT.” Roth initiates NeOnc Technologies as buy Roth said the life sciences company is near an inflection point. “We initiate coverage o f NTHI with a Buy rating and $20 12-month price target.” JPMorgan reiterates Meta as overweight JPMorgan raised its price target to $920 per share from $820. “Coming out of Meta Connect, we reiterate our Overweight rating and are raising our price target to $920.” Read more. Piper Sandler initiates Carlyle Group and Ares as overweight Piper said both asset managers have plenty of upside. “We are initiating coverage on both Ares Management and Carlyle Group with Overweight ratings.” Piper Sandler initiates CNB Financial as overweight Piper said the regional bank is compelling. “We’re initiating coverage of CNB Financial Corp. (CCNE) at Overweight with a $38 price target, based on 10.0x our 2027E EPS, and a discount to peers.” Citi adds a positive catalyst watch on Royal Caribbean Citi said it likes the company’s stake in Sandals. ” RCL’s acquisition of a 50% stake in Sandals Resorts as well as the talking points surrounding the deal suggest a straightforward move into the all inclusive resort business, and on these merits, we believe that this is a solid but unremarkable deal. Morgan Stanley reiterates Nvidia as overweight Morgan Stanley said it sees plenty of positive catalysts ahead. “To us, Nvidia remains the most attractive, with exposure to all the most exciting content stories: fast inference with groq, agenetic CPU demand, CPO solutions etc. and the most compelling product cycle in Vera Rubin, offering 35x performance improvements vs the current generation Blackwell.” Morgan Stanley initiates Imax as overweight Morgan Stanley initiated the movie company and says it’s firing on all cylinders. “IMAX is becoming increasingly central to the moviegoing experience, with a growing network and broader film slate reinforcing a flywheel of more screens, more releases and higher box office revenue, driving strong earnings and FCF growth.” Read more. Roth initiates Energy Services of America as buy Roth said the industrial and energy infrastructure company has a unique offering. “ESOA’s diversified end markets allow it to pursue projects that balance risk and revenue. Water & wastewater, electrical & mechanical, and gas transmission each have discrete, multi-year growth opportunities positioning ESOA for multiple years of 7-10% revenue growth…” Citi downgrades Dropbox to sell from neutral Citi said the stock is overvalued. “We downgrad e DBX to Sell from Neutral with a $29 TP. We come away from our deep dive of the AI storage infrastructure pivot as an intriguing opportunity yet believe the current valuation derives too much success too early.” Wolfe initiates The Brink’s Company as outperform Wolfe said shares are very attractive for the cash management company. “We initiate coverage of Brink’s a t Outperform with a $138 PT, implying ~29% upside.” UBS reiterates Tesla as neutral The firm said it’s sticking with its neutral rating ahead of Tesla’s delivery numbers. “While we don’t believe the buyside is overly focused on auto units, we believe buyside expectations have also come up in recent weeks and would peg the range of expectations at 460-480k.” StoneX initiates BayCom as buy StoneX said it sees solid loan growth for the banking company. “We are initiating coverage of BayCom with a Buy rating and $35 price target, based on 1.25x our forward tangible book value estimate.” Citi upgrades Arcturus Therapeutics to buy from neutral Citi said some of the biotech company’s drug trials look promising. “We upgrade ARCT to Buy/HR from Neutral/HR and raise our TP to $20 (+$12)…” Goldman Sachs reinstates Jazz Therapeutics as buy Goldman resumed coverage of the stock and says it likes the biopharma company’s pipeline. “We resume coverage o f JAZZ a t Buy with a 12-month price target of $337.” HSBC upgrades Dollar General to buy from hold HSBC upgraded Dollar General and raised its price target to $160 per share from $125. “We think there is further to run; targets looks deliverable with additional upside possible.” JPMorgan upgrades Welltower to overweight from neutral JPMorgan said it sees “outsized growth.” “While we calculate that WELL trades at one of the lowest implied cap rates in our entire coverage universe, we believe that there is visible, multi-year, outsized growth to back it up.” JPMorgan upgrades Macerich to overweight from neutral JPMorgan said it sees significant growth. “We are upgrading Macerich (MAC) from Neutral to Overweight within our relative rating system.” Truist initiates MiniMed as buy Truist says shares are compelling. “Following a 3/6 IPO, MMED is near the final stage of its split-off from Medtronic (MDT, HOLD) trading close to initial IPO levels…” StoneX initiates Avidbank as buy StoneX says the community banking company is undervalued. “We are initiating coverage of Avidbank with a Buy rating and $40 price target.” Mizuho reiterates SpaceX as outperform Mizuho said Starlink remains the “cash engine” for SpaceX. ” SpaceX is not a rocket company. It is the infrastructure layer of the orbital economy – three structurally distinct businesses sharing a launch platform and compounding independently. We initiate at Outperform with a $200 price target. Starlink is the cash engine.”Read More