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LivestreamMenuHere are the biggest calls on Wall Street on Thursday. Melius initiates Jersey Mike’s at buy Melius says the IPO is the “the first chance to buy a decade of unit-driven compounding in it.” “We initiate coverage of Jersey Mike’s at Buy with a $30 target price, a 30% upside to the $23 offering price, valuing JMKE at 23x EV/EBITDA on our 2028 EBITDA estimate.” UBS initiates SK Hynix at buy UBS says investors should buy the dip. “We initiate coverage on SK Hynix – ADR (SKHY) with a Buy rating and PT of US$204, complementing our coverage of the local listing.” Deutsche Bank upgrades Garrett Motion to buy from hold Deutsche says the turbocharger manufacturer is firing on all cylinders. ” Garrett Motion has once again demonstrated strong operational execution, delivering robust 2Q results that surpassed consensus expectations and prompting another upward revision to its full-year 2026 outlook.” Wells Fargo reiterates Target as overweight Wells raised its price target on Target to $165 per share from $140. “TGT’s stock run is enough to give anyone w/ history on the name pause, but Q2 beat/raise, self-help runway, easy 2H compares, and reasonable multiple keep us positive. Fundamental debate continues, but momentum is on the side of the bulls. Remain OW.” RBC upgrades Innio to outperform from neutral RBC upgraded the power generation company after a “strong quarter.” “We upgrade INIO to Outperform (from Sector Perform) following a strong qtr and favorable commentary from mgmt on pricing and demand dynamics.” Mizuho upgrades Bloom Energy to outperform from neutral Mizuho says investors should buy the dip. “We upgrade Bloom Energy to Outperform following a strong quarter, with revenue and shipments above expectations, operating leverage materializing earlier than anticipated, and an attractive valuation following the recent pullback.” Baird upgrades Werner Enterprises to outperform from neutral Baird says the shares are compelling. “The purpose of this research note is to upgrade Werner Enterprises from Neutral to Outperform and highlight the rationale underpinning our more constructive view on the stock, which we believe currently offers investors an attractive entry point.” Baird upgrades ExlService to outperform from neutral Baird upgraded the global data and analytics company following earnings. “We are upgrading to Outperform after outstanding Q2 results and 2026 guidance raised. … .The stock has been up on sector rotation and now Q2 strong results, as EXLS is benefiting from a good backdrop to sell its AI solutions.” JPMorgan upgrades Sprouts Farmers Market to overweight from neutral The bank sees a sales growth inflection. “We are upgrading the shares of Phoenix-based SFM to Overweight from Neutral. We think sales growth is at a positive inflection point, which could help drive a re-rating in the shares.” Berenberg upgrades Rio Tinto buy from hold Berenberg says the metals and mining company has plenty of upside. “We upgrade Rio Tinto to Buy (from Hold) and believe that investors who have enjoyed the outperformance of BHP versus Rio Tinto ytd (BHP up by 39% versus Rio up 16% ytd) have an opportunity to switch their allegiance from one major iron ore producer to another as we move into H2.” Bernstein reiterates Nvidia and Advanced Micro Devices as outperform Bernstein says both companies benefit from neocloud companies building out AI infrastructure. “Neoclouds don’t have the balance sheets to build their own facilities at scale, nor do developers (including Emerging AI Infra providers) want to take the risk on them for a 15- year lease term … enter NVDA and AMD. ” Wolfe upgrades UniQure to outperform from peer perform Wolfe says the biotech has a robust pipeline. “UniQure’s AAV [adeno-associated virus} gene therapy has been partially validated with multiple products developed based on this established modality.” HSBC downgrades Procter & Gamble to hold from buy HSBC downgraded Procter & Gamble f ollowing earnings. “FY27 guidance points to another transition year with reinvestments yet to translate into margin recover” KBW upgrades Core Scientific to outperform from market perform KBW says it likes the company’s partnership with AMD. “Score one for management. Just one day after we moderated our confidence in near-term lease wins, Core delivered, signing 529MW of direct/indirect AMD leases. The deal materially strengthens valuation support, increasing our estimate of contracted portfolio value to ~$23/share at a 6.7% cap rate.” Bank of America reiterates Meta as buy Bank of America says the company’s AI assets are “underappreciated” following Meta earnings. “Core growth intact and AI options growing.” Read more. Bank of America reiterates Microsoft as buy Bank of America says it sees robust growth following earnings. “The key takeaway from 2Q results is increasing validation of Microsoft’s A I strategy. Revenue grew 17% YoY in constant currency and EPS reached $4.74, ahead of Street expectations of 14.8% and $4.25, respectively.” Read more. Deutsche Bank reiterates Robinhood as buy Deutsche says Robinhood’s product momentum remains robust after the company’s quarterly results on Wednesday. “Good 2Q, expense guide lowered & product momentum broaden.” Citi reiterates Chipotle as buy Citi says it’s sticking with the stock following earnings. ” CMG posted better-than-expected comp growth, suggested recent industry headlines around cyclospora was a ~2% hit to 3QTD comp and, importantly, raised ’26 comp guidance, which embeds this headwind persisting for the balance of 3Q.” Morgan Stanley reiterates Arm as overweight Morgan Stanley says it’s standing by Arm shares following Wednesday’s earnings report. “We are OW given the pervasiveness of Arm’s products with end market expansion and a revenue inflection in process, as well as progress on custom silicon.” Deutsche Bank reiterates Starbucks as buy The firm raised its price target to $126 per share from $120 following earnings. ” SBUX delivered a strong F3Q with beats across the board and a guidance raise, further reinforcing confidence that turnaround efforts are gaining traction and supporting accelerating top- and bottom-line growth.” Morgan Stanley reiterates Qualcomm as equal weight Morgan Stanley lowered its price target to $170 per share from $190 after the company’s earnings report. “The bad news is that QCOM i s guiding below and Street EPS for F2027 looks like it has to come down but the good news is that the band-aid around the AAPL overhang is finally being ripped off and we are a bit more confident also that AAPL will pay a royalty despite using its own modem.” Susquehanna reiterates Advanced Micro Devices as positive The firm raised its price target on AMD to $500 per share from $450. “AMD will report 2Q earnings on Tuesday, August 4. In short, we expect better results/ guidance, driven primarily by DC.”Read More
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