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LivestreamMenuHere are the biggest calls on Wall Street on Wednesday: Baird initiates Abbott Labs as outperform Baird says the company has a robust portfolio. “Despite near-term pressures, we see ABT’s portfolio delivering steady 6-8%/LDD top-line/earnings growth over the next several years, leveraging a portfolio of (a) MedDevices, with exposure (and leading positions) in the largest, fastest-growth end-markets, supporting an above peer ~8-10% MedDevice growth trajectory and (b) Diagnostics/Nutrition/Established.” Jefferies upgrades Murphy USA to buy from hold Jefferies says it sees fuel margins improving. “We are upgrading MUSA to Buy as improving fuel margins and stronger execution drive a materially higher EBITDA outlook, with our estimates now ~20–25% above initial 2026–2028 guidance and targets pulled forward.” Jefferies upgrades Abivax to buy from hold Jefferies said in its upgrade of Abivax sees strong data for the biotech company’s ulcerative colitis drug, Abtect. “We think the ABTECT Pt 2 update appropriately addresses the key overhang facing the stock, and we move (back) to BUY. Read more. Evercore ISI reiterates Nvidia as outperform The firm says the stock is a best idea. “We believe that the Tectonic Shift to the current Parallel Processing / IoT Computing Era started 5-to-8 years ago, and that NVDA is the dominant and the only full-stack chip.” Roth upgrades Talos Energy to buy from hold Roth says the company has a robust balance sheet. “We are upgrading Talos Energy (TALO) from Neutral to Buy and raising our target 6% to $17. We rate TALO Buy due to its solid balance sheet, nice capital returns, low production declines, and below-average valuation.” Wedbush initiates SpaceX as outperform Wedbush says the stock is firing on all cylinders. “We are initiating coverage on SpaceX with an OUTPERFORM rating and a $190 price target with SpaceX well-positioned to become a major hyperscaler with its vertically integrated platform across connectivity, launch, and AI infrastructure Read more. Wolfe upgrades Fox to outperform from peer perform Wolfe says it likes the company’s combination with Roku. “Buy FOXA . Combining Fox & Roku strengthens both competitively & should double Fox’s long-term sales growth rate.” UBS reiterates Apple as neutral UBS says its survey checks show the interested in Apple’s iPhone remains solid. “12-month purchase intent’ indicates solid interest in the US and Europe. UBS Evidence Lab recently surveyed over 7,500 smartphone users in the U.S., U.K., China, Germany, and Japan to gauge smartphone demand.” B Riley initiates Starz as buy The firm says it sees upside for the media company. “We are initiating coverage o f Starz Entertainment Corp. (STRZ), a leading provider of premium subscription video programming, with a Buy rating and a 12-month price target of $45 per share.” Goldman Sachs initiates FedEx Freight as buy Goldman says it sees volume growth. “We are initiating coverage of FDXF with a Buy rating and an $186 price target; representing about 26% upside.” Cantor Fitzgerald initiates Forward Industries & Cypherpunk Technologies as overweight Cantor says both digital asset companies are well positioned. “Initiating Coverage on FWDI and CYPH at OW. … .The next major shift in financial infrastructure is occurring onchain, with digital assets positioned to capture a growing share of payments, credit, trading, and asset issuance.” Morgan Stanley upgrades Grindr to overweight from equal weight Morgan Stanley says the dating app has a unique offering. “GRND i s a one-of-one asset that’s heavily under monetized versus peers, but it’s launching two products which could change that: an ultra-premium subscription ($100-500/mo.) and a DTC telehealth brand.” Read more. Wells Fargo upgrades Advanced Energy Industries to overweight from equal weight Wells says shares are extremely attractive. “We view recent share underperformance as a buying oppy. We expect AE’s 2Q26 results to highlight accelerating semi & data center demand. We upgrade AE to OW and raise PT to $465 (from $345).” JPMorgan initiates Allegiant Travel as overweight JPMorgan says the discount airline is well positioned. “We are initiating coverage of Allegiant Travel Company with an Overweight rating and a Dec 2027 price target of $156.” UBS upgrades DLocal to buy from neutral UBS says the fintech company has a “strong growth path.” “We are upgrading dLocal to Buy, with a new PT of US$20 (from US$16). We see a combination of strong growth path, with improving operating leverage and re-rating potential given the rising market confidence after a series of solid results.” Raymond James initiates Amplitude as strong buy Raymond James says it sees multiyear growth for the softwarwe company. “We are initiating coverage of Amplitude with a Strong Buy rating and $10 price target. We believe Amplitude is entering a multiyear period of growth acceleration with strong incremental margin expansion that should drive valuation multiple expansion and compelling equity returns.” Evercore ISI upgrades Old Dominion, Saia and XPO to outperform from in line Evercore said several trucking and shipping companies are compelling. “However, although LTL [less-than-truckload] 2Q upside also may not be as great as some bulls expect, volumes and weight are beginning to accelerate and the EPS growth rate of change is likely to take the next leg higher starting in 3Q, and that’s exactly when you want to be buying the sector, with the end-of-quarter pullback providing even more attractive entry points. Indeed, we are upgrading ODFL , SAIA, and XPO to Outperform from In Line.” Guggenheim upgrades Salesforce to buy from neutral Guggenheim says shares are compelling. “We are upgrading shares of CRM to Buy from Neutral, as we believe CRM’s current valuation of 3.7x Recurring Revenue and 11x EV/NTM [next twelve months] Consensus FCF presents an attractive entry point for investors.” Guggenheim upgrades Check Point to buy from neutral Guggenheim says the software company’s shares are too attractive to ignore. “We are upgrading Check Point shares to Buy from Neutral and introducing a DCF-based price target of $188, implying 43% upside from current prices.” Bank of America reiterates Sandisk as buy The firm raised its price target to $2,500 per share from $2,100. “We rate SNDK Buy. We expect long-term growth in demand for data storage using NAND, mainly driven by generative AI & eSSD [Enterprise Solid-State Drive] share gains / demand in the data center.” William Blair initiates Concentra as outperform William Blair says shares of the healthcare company have plenty more room to run. “Put simply, we believe Concentra is taking care of business, both producing strong operational and financial results and helping employers manage the lifeblood of their business—the workforce.” Raymond James initiates Birkenstock as outperform Raymond James says it sees “high-growth at a comfortable value.” “We initiate coverage on BIRK with an Outperform rating and $52 Target Price.” Seaport initiates Resideo as buy Seaport says it sees robust demand. “Resideo is a maker of home automation products. While consumer electronics companies will likely struggle this year with memory costs and demand, we think the company offers value with two near-term catalysts.” Barclays reiterates Nike as overweight Barclays says it’s sticking with Nike shares following earnings on Tuesday. ” NKE’s progress through its turnaround is progressing far slower than expected and is frustrating to both investors and management alike.” Needham initiates Carlsmed as buy Needham says the medtech company is best positioned. “We are initiating coverage with a Buy rating and a $17 price target as we believe CARL’s personalized aprevo implants are differentiated vs. traditional stock spine implants.” Guggenheim upgrades ServiceNow to buy from neutral The firm said in its upgrade that it sees double digit growth. “We are upgrading NOW to Buy from Neutral, as we believe current levels present an attractive opportunity for investors to purchase a comfortably profitable stock likely to continue to grow at double digits on an organic, constant currency basis for the foreseeable future.” Citi upgrades Lockheed Martin to buy from neutral Citi says shares are undervalued. “Statistically, many defense stocks have just registered one of their worst quarterly declines in modern history and the pullback is even worse if looked at vs February peaks. LMT is a good example of a defense stock that historically bounces back consistently and sharply after exactly these types of moves lower.” Wedbush initiates AeroVironment as outperform Wedbush says the autonomous company is a “long-term winner.” “We are initiating coverage on AeroVironment (AVAV) with an OUTPERFORM rating and $250 price target.”Read More
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