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LivestreamMenuHere are Wednesday’s biggest calls on Wall Street: KeyBanc initiates DigitalOcean as overweight KeyBanc said the company’s playbook has “room to expand.” “We are initiating coverage of DigitalOcean with an Overweight rating and a $200 price target.” Goldman Sachs initiates Omnicom as buy Goldman said the advertising company is well positioned for growth. “Omnicom: It trades at an 18% FCF yield while core business is delivering organic growth. We are above consensus EBIT and FCF on higher margins.” RBC upgrades SSR Mining to outperform from sector perform RBC said it sees a slew of positive catalysts ahead for the mining company. “Following strategic transactions in 2026 to effectively exit Turkey, SSR h as transitioned to become a lower jurisdiction risk company ( > 80% Canada/US), with exceptionally high financial liquidity (1/3 of market cap in cash), and high ongoing FCF.” Goldman Sachs reiterates Apple as buy Goldman said it’s bullish heading into Apple’s Worldwide Developer’s Conference next week. “At the keynote, we expect Apple to announce the new AI-enhanced Siri, which will include many of the delayed features from the 2024 WWDC (e.g., on-screen awareness, personal context), as well as a dedicated Siri app that will have a chat interface similar to other LLMs.” Morgan Stanley upgrades Yum Brands to overweight from equal weight and downgrades Chipotle to equal weight from overweight Morgan Stanley said Yum Brands is undervalued. The firm also downgraded Chipotle and says the stock is lagging. “We favor YUM among big fast food. Shares don’t seem to give credit for solid growth profile or tech story; we also think a potential PH sale is positive. Upgrade to OW. We downgrade CMG to EW. The stock has lagged, but we don’t see the narrative changing; lower multiple vs history seems appropriate.” Read more. Morgan Stanley downgrades Shake Shack to equal weight from overweight Morgan Stanley said it has a lack of visibility right now for Shake Shack. “Part of our upgrade to OW in Jan 26 was driven by a view that 26 could bring greater consistency and visibility with idiosyncratic traffic drivers in a tough environment. That no longer appears true so we are stepping off our rating.” Oppenheimer downgrades AT & T to perform from outperform Oppenheimer said it’s concerned about SpaceX and satellite competition. “We are downgrading T t o Perform from Outperform. We think longer-term broadband subscriber growth and eventually mobile is at risk from rising threat of satellite LEO constellations.” Read more. UBS downgrades Victoria’s Secret to neutral from buy UBS downgraded the stock following earnings. “Our view is VSXY’s initiatives should drive comp sales growth inflection. VSXY has now delivered four consecutive quarters of robust comps, with 1Q26 accelerating 500 bps q/q to +13% y/y.” Piper Sandler initiates Agilysys as overweight Piper said the software company has plenty of upside. “Agilysys is a vertical software vendor focused on the hospitality industry, selling POS, PMS, payments, etc. software to some of the largest resort, casino, and cruise lines in the U.S./ Canada.” Citizens upgrades Rezolute to market outperform from market perform Citizens said the biotech has a promising pipeline. ” Rezolute is a clinical-stage biopharmaceutical company developing a pipeline of therapeutic agents, primarily focused on rare metabolic indications.” Roth initiates Vox Royalty as buy Roth says the metals and mining company has a differentiated offering. “We are initiating coverage of Vox Royalty Corp. (VOXR) with a Buy rating and $8.00 price target. We believe VOXR has a differentiated model that should enable the company to outperform its peers in the years ahead. Additionally, we believe the company’s large portfolio of royalties and offtakes is undervalued by the market.” JPMorgan initiates LatAm Airlines as overweight JPMorgan said the LatAm airlines company is less exposed to fuel volatility. “We are also taking this opportunity to initiate coverage of LTM US with a US$70 Dec 2026 price target..” Read more. Northland initiates T1 Energy as outperform Northland initiated solar energy supplier and says it’s a key supplier in the solar panel supply chain. “T1 Energy is a US-based supplier of solar modules and is building a solar cell plant in the US.” Morgan Stanley reiterates Meta as overweight Morgan Stanley said Meta has a slew of levers for revenue upside. “…we see Meta A I search, subscription revenue, core ad revenue upside, and the neocloud ‘back-up’ plan as all $1-$3 drivers of upside to ’28 EPS.” Bernstein downgrades Campbell’s Soup, General Mills, Kraft Heinz and Conagra to underperform from market perform Bernstein downgraded a slew of packaged food companies and said it sees too many negative headwinds. “We are downgradin g Campbell’s , Conagra , General Mills, Kraft Heinz from Market-Perform to Underperform…” Citi reiterates IBM as buy Citi raised its price target to $375 per share from $285. “Concurrently riding and enabling the dual in-flight AI/Quantum architectural/computing paradigms shifts with structurally higher cash flows vs. mega-cap tech peers over time, IBM remains underappreciated/misunderstood. PT raised to $375 on higher exit multiples as confidence in quantum momentum grows, rendering related estimate impact more tangible” Bernstein initiates Viking Holdings as outperform Bernstein said the cruise company is well positioned. “The four aspects to the Viking bul l case: (1) this is the only luxury travel pure-play, given a fast-growing aging /wealthy population this is an attractive category with just one stock – scarcity should command a premium. (2) Viking has a unique niche – they don’t compete directly with the lavish luxury of Regent or Ritz Carlton yacht but offer a comfortable luxury…” TD Cowen initiates Merlin as buy TD Cowen said the flight autonomy provider has plenty of upside but will also be volatile. “We initiate at Buy, with an $11 PT. EBITDA/FCF will likely be negative for years, sales/EBITDA volatility is high, pricing/adoption of MRLN’s software is not assured, and SPAC overhangs (warrants; lock-ups) exist. Thus, we expect high stock volatility.” Canaccord initiates BridgeBio as buy Canaccord said it sees plenty of upside for the biotech company. “We are initiating coverage of BBIO shares with a BUY rating.” Morgan Stanley reiterates Micron and SanDisk as overweight The firm raised its price target on Micron to $1,050 per share from $520. The firm also raised its price target on SanDisk to $1,750 per share from $1,100. “Memory stocks were strong in 2025 and have continued to pace the market again in 2026, but we don’t think the run of strong performance is over.” Morgan Stanley reiterates Nvidia as overweight Morgan Stanley said Nvidia shares still have more room to run. “We attended Nvidia’s Computex keynote as well an analyst Q & A in Taiwan this week, and came away more bullish on Nvidia’s leadership in GPUs as well as the emerging CPU growth opportunity.”Read More
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