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LivestreamMenuHere are the biggest calls on Wall Street on Wednesday: BMO initiates Viking Holdings as outperform BMO says the cruise company’s valuation is rich but that investors should buy the stock anyway. “We are initiating coverage of Viking Holdings (VIK) with an Outperform rating and a $115 target price.” Bernstein reiterates Apple as outperform Bernstein says its checks show iPhone share gains have momentum. “Apple’s May sell-through units were up 2% YoY and 1% MoM. Nearly all markets delivered positive YoY sell-through revenue growth, with Japan and emerging markets posting the strongest gains.” Goldman Sachs reiterates Tesla as neutral Goldman says it sees upside ahead of Tesla earnings later this month. “We also see upside to TSLA Street estimates, consistent with the stronger 2Q deliveries.” Bank of America reiterates Nvidia as buy Bank of America says Nvidia shares are compelling. “We strongly disagree with the EPS discount and see as an enhanced Buy opp’ty for a unique, durable growth franchise now trading at a 7-yr low 18x forward PE.” Barclays initiates Strategy as overweight Barclays says it sees upside. “Strategy is an amplified play on Bitcoin which seeks to compound the return of Bitcoin through leverage and BTC yield.” DA Davidson initiates Pinterest as buy DA Davidson initiated the social media company and says it’s growing engagement. “We are initiating coverage with a BUY-rating and $26 price target. Pinterest has done an excellent job continuing to grow Y/Y engagement at LDD for the past 10 straight quarters, while continuing to grow global ARPU at MSD-HSD.” Truist initiates Wynn as buy Truist says the company has a “visible growth pipeline.” “We initiate coverage of Wynn Resorts (WYNN) with a Buy rating and $125 PT on ~12x our 2027E EBITDAR.” BTIG initiates Presidio as buy BTIG says shares of the oil and gas company have plenty more room to run. ” Presidio (FTW) is an oil & gas producer (not an exploration company) focused on acquiring and optimizing Proved Developed Producing (PDP) assets (think mature assets) and returning the free cash flow from those wells to shareholders as dividends.” Barclays initiates Toast as overweight Barclays called the stock “best in class.” ” Toast is a best-in-class restaurant [point-of-sale] provider evidenced by strong share gains in the US post COVID.” Barclays initiates Block as overweight Barclays says the company has a “diversified revenue stream.” ” Block has a highly diversified revenue stream (26 products generating $100mn+ annual GP as of 3Q25.” BMO initiates Royal Caribbean as outperform The firm says the cruise company is a top idea. “We are initiating coverage of Royal Caribbean Cruises (RCL) with an Outperform rating and a $370 target price.” Wolfe initiates SLB Limited as outperform Wolfe says the company is best positioned. “SLB is best placed for an industry outlook we see defined by a selective capital cycle favoring int’l exposure.” Wells Fargo initiates Mobility Global as overweight Wells says it sees secular tailwinds. “We’re initiating coverage on MBGL with an Overweight rating. We see the company as well positioned to capitalize on secular tailwinds, including growing demand for data and continued strength in used vehicle transactions.” Wells Fargo upgrades Old Dominion to overweight from equal weight Wells upgraded the stock and raised its price target to $250 per share from $235. “We are upgrading shares of Old Dominion to OW from EW and taking our price target to $250.” Wells Fargo initiates AT & T as underweight Wells says it sees share losses to satellite providers. “We see T as least likely to strike a Starlink Mobile MVNO, which means fiber/convergence would need to outperform to deliver account net add & services revenue upside. We initiate with an Underweight rating, $18/sh price target.” Read more. Deutsche Bank upgrades Versigent to buy from hold Deutsche says it sees fundamentals improving. “We are upgrading Versigent to Buy ahead of 2Q and raise our price target to $50 from $38. Admittedly the stock has gained much momentum since spinning out of Aptiv, and after a very strong 1Q, we think the company can continue to grow the top line at a better-than-anticipated pace.” TD Cowen reiterates Amazon as buy TD Cowen cut its price target on Amazon to $340 per share from $350. “We forecast 2Q26 revenue of $200.1BN, 2% ahead of consensus, driven by accelerating AWS growth and Op Inc ~10% above consensus driven by AWS and expanding NA margins.” Mizuho reiterates SpaceX as outperform The firm says it’s bullish on the company making its own chip foundry. ” SpaceX has signaled to us the following reasons it makes strategic sense.1. Supply-chain sovereignty. … .2. Margin-stack capture.” TD Cowen initiates Sempra Energy as buy TD Cowen says the company has a long runway for growth. “We are initiating coverage of Sempra with a Buy rating and a $110 PT.” Evercore ISI upgrades Occidental Petroleum to outperform from underperform Evercore says it sees a slew of positive catalysts ahead. “We are upgrading Occidental Petroleum from Underperform to Outperform and raising our price target to $65 from $58.” Read more. JPMorgan downgrades Ollie’s to neutral from overweight JPMorgan says it’s concerned about a miss in same-store sales. “Following our recent fieldwork and access, we are downgrading OLLI to Neutral and lowering our Dec ’26 price target to $70.” Jefferies upgrades Pro Holdings to buy from hold Jefferies says the fintech company is well positioned for the second half. “We upgrade PRG to BUY as its core segment appears to be recovering from the softness experienced over the past year, supporting a more constructive outlook for the second half.” Raymond James upgrades Dollar Tree to outperform from market perform Raymond James says it sees an attractive risk/reward setup. “We are upgrading DLTR to Outperform and establishing a $140 target price, reflecting what we view as an increasingly favorable risk/reward set up.” Bernstein reiterates Netflix as outperform Bernstein cut its price target on the stock to $100 per share from $110. “There’s a lot riding on Q2 as Netflix faces no shortage of near and longer-term questions— from Q2 engagement trends and potential revisions to 2026 margin guidance to the broader challenge of sustaining growth amid evolving consumer preferences and viewing behavior.” Morgan Stanley downgrades Lemonade to equal weight from overweight The firm says Lemonade shares have come too far too fast. “Given the recent share price run-up, we downgrade the stock to Equal-weight as we wait for the next catalyst to emerge. Currently, we believe the valuation fully reflects the company’s growth and earnings trajectory.” Morgan Stanley downgrades Alcoa and Vale to equal weight from overweight Morgan Staney says it sees downside to consensus estimates for both stocks. “We favor copper and precious metal–exposed names as we forecast upside to copper and gold/silver prices. Meanwhile, we expect aluminum to join iron ore as it moves into surplus, and see downside to consensus estimates for AA & Vale.” Goldman Sachs downgrades Bath & Body Works to sell from neutral Goldman says it sees distribution risk. “…we downgrade Bath & Body Works t o Sell from Neutral. While the company is in the midst of an investment year focusing on the core business and finding new avenues for growth, sentiment is trending below historical levels, including Reddit trends…” Wolfe initiates Baker Hughes as outperform The firm says it sees margin growth. “We initiate BKR at Outperform with a $70 PT.” Wolfe initiates Federal Realty Investment Trust as outperform Wolfe says shares are too attractive to ignore. “With a discounted valuation while offering competitive growth to 2027, we initiate on FRT with an Outperform rating and a $143 PT.” Bank of America upgrades Ultrapar to buy from neutral The firm says the risk/reward is compelling for the Brazilian fuel company. “We upgrade Ultrapar t o Buy from Neutral and raise our PO to R$37/sh (US$7.4/ADR) from R$34/sh (US$6.8/ADR) on a more attractive risk-reward profile.” Jones initiates Pershing Square as buy Jones says it sees plenty of upside for the alt manager. “We are initiating coverage on Pershing Square Inc. (NYSE:PS) with a BUY Rating and $39.00 PT. PS is the cleanest fee-related earnings story in the listed alt-manager universe:” JPMorgan reiterates General Motors as overweight JPMorgan raised its price target to $110 per share from $98. “We remain OW on GM shares given consistent, steady execution, navigating tariffs and supply chain bottlenecks, all of which should support a modest re-rating relative to current levels.”Read More
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