Wednesday’s Biggest Calls on Wall Street: Upgrades, Initiations, and Downgrades – Analysis

Wall Street’s Biggest Calls of the Day

Goldman Sachs: Upgrades Shoals to Buy

Goldman Sachs has upgraded solar company Shoals from neutral to buy. The firm finds the company very attractive, citing potential for gross margin upside and an attractive valuation.

Wells Fargo: Initiates WillScot as Outperform

Wells Fargo has initiated coverage on mobile trailer office company WillScot with an outperform rating. The firm believes the company has sustained pricing strength and highlights its sticky model, growth drivers, and margin initiatives.

TD Cowen: Reiterates Netflix as Outperform

TD Cowen is maintaining its outperform rating on streaming giant Netflix, despite lowering its price target. The firm expects investors to focus on net adds, monetization efforts, and future margins and free cash flow.

Stephens: Initiates Sprout Social as Overweight

Stephens has initiated coverage on software company Sprout Social with an overweight rating. The firm recognizes Sprout Social as a market leader in social media management, providing customers with a holistic view of their presence across various platforms.

Raymond James: Upgrades Take-Two to Outperform

Raymond James has upgraded video game company Take-Two to outperform, citing optimism in upcoming releases. The firm sees potential for growth in the near and medium term.

Morgan Stanley: Upgrades Cava to Overweight

Morgan Stanley has upgraded restaurant chain Cava to overweight, gaining confidence in its catalyst path and near- and long-term growth story.

JPMorgan: Upgrades CSX to Overweight

JPMorgan has upgraded railroad company CSX to overweight, as the concerns outlined in a previous downgrade have largely played out.

TD Cowen: Reiterates Nvidia as Outperform

TD Cowen is maintaining its outperform rating on tech giant Nvidia, raising its price target on the stock. The firm believes Nvidia is well positioned for AI and anticipates transformational paradigm shifts in the industry.

JPMorgan: Upgrades Iris Energy to Overweight

JPMorgan has upgraded bitcoin mining company Iris Energy to overweight, considering it best-in-class in its sector.

UBS: Initiates Boeing as Buy

UBS has initiated coverage on aerospace giant Boeing with a buy rating. The firm sees above-consensus free cash flow potential driven by orders and supply chain dynamics.

UBS: Downgrades Morgan Stanley to Neutral

UBS has downgraded bank Morgan Stanley to neutral due to headwinds that make it challenging to exceed consensus estimates.

Oppenheimer: Downgrades Texas Instruments to Perform

Oppenheimer has downgraded technology company Texas Instruments to perform ahead of its earnings report, citing rising competition from China.

Needham: Initiates Robinhood as Hold

Needham has initiated coverage on investment platform Robinhood with a hold rating, observing a balanced risk/reward profile given declining crypto trading volume and uncertainty surrounding monthly active users.

Truist: Reiterates Amazon as Buy

Truist maintains a buy rating on Amazon, seeing potential for the company’s logistics-as-a-service to unlock a $100 billion opportunity.

Piper Sandler: Downgrades Arista Networks to Neutral

Piper Sandler has downgraded networking company Arista Networks to neutral primarily due to concerns about networking spend and valuation.

JPMorgan: Initiates CleanSpark as Overweight

JPMorgan has initiated coverage on bitcoin miner CleanSpark with an overweight rating, considering the stock to offer relative value and growth potential.

Barclays: Upgrades Ball Corp to Overweight

Barclays has upgraded glass and jar lid company Ball Corp to overweight, noting its historical steady performance and anticipating growth in beverage can volume.

Mizuho: Reiterates SoFi as Buy

Mizuho maintains a buy rating on fintech company SoFi and believes any weakness in the stock is due to investor concerns about lending capacity, which the firm views as manageable.

Leerink: Upgrades Amgen to Outperform

Leerink has upgraded biotechnology company Amgen to outperform, expecting earnings upside driven by positive pipeline newsflow.

Piper Sandler: Reiterates Apple as Overweight

Piper Sandler’s investor survey reveals that Apple remains the top choice among teenagers for smartphone ownership.

Morgan Stanley: Reiterates Walmart as Overweight

Morgan Stanley maintains an overweight rating on Walmart, citing increasing customer engagement despite a slight decrease in food spend due to the impact of obesity drugs.

Deutsche Bank: Downgrades CBOE to Hold

Deutsche Bank has downgraded global markets company CBOE to hold, primarily based on valuation and the stock’s recent outperformance.

Follow AsumeTech on

More From Category

More Stories Today

Leave a Reply