Wall Street Calls and Stock Updates
Here’s a look at some significant stock recommendations from Wall Street on Thursday. Mizuho has reaffirmed its stance on Nvidia, Dell, and Advanced Micro Devices (AMD) after increasing price targets for several semiconductor firms. Specifically, Mizuho boosted Nvidia’s estimates, raising expectations from $205 to $210, while also noting that the hyperscale equipment market remains pricey. The implications from China appear to provide additional momentum for cloud service providers.
Bank of America has included AMD on its US1 List, highlighting it as a top investment choice. While the top picks from the firm include companies like STLD and CMC, there’s a bit of uncertainty regarding immediate relief from excess Chinese supply affecting larger global players like TX and MT.
UBS has initiated coverage on Sitime, emphasizing its significant leverage in artificial intelligence. Meanwhile, CoreWeave has expressed concerns that future restrictions could create more challenges for them, but anticipates growth as revenues begin to turn around in Q4 and beyond.
Stephens upgraded Asbury Automotive from equal weight to overweight, suggesting that the company is beginning to excel, which many industry leaders have confirmed based on feedback from CEO David Hult.
Deutsche Bank reiterated its buy rating for Amazon, expressing cautious optimism towards its grocery strategy. Recently, Amazon described a major expansion in its grocery offerings that includes free same-day delivery for orders over $35, although the overall success has been somewhat mixed.
HSBC has upgraded Dlocal to buy, noting improvements in revenue stability and a stronger EBIT performance recently, despite the presence of some one-off trends.
Mizuho has also revised its stance on MAA, moving it from neutral to outperform, highlighting the firm’s sound balance sheet.
Morgan Stanley reiterated its overweight rating on Cisco, increasing its price target from $70 to $73 following a quarterly report that met investor expectations amid rising AI orders.
Cantor Fitzgerald has initiated coverage on Workday, citing an attractive entry point for investment, while praising the company’s management and growth potential.
Wells Fargo has also maintained its overweight rating on Sunrun, raising its price target from $8 to $14, framing solar energy companies as solid long-term investments.
Citi continues to support Microsoft as its top choice in the software space, suggesting that recent announcements underscore the company’s strong pricing power and potential for high returns with growing cloud and AI shares.
Barclays launched coverage on Schrödinger, calling it overweight, and signaling an optimistic outlook due to its innovative drug discovery platform.
BTIG has recognized positive trends for Kratos Defense and Security Solutions, upgrading its rating from neutral to buy based on stable procurement practices and significant program needs that influence stock performance.
Finally, Bank of America upgraded Sherwin-Williams, acknowledging a shift in perspective since their earlier downgrade that was based on a slowdown in the housing market and previously high sell-side estimates.
Baird also upgraded CVS from neutral to outperform, as they believe the company is now positioned to enhance profitability through its healthcare benefits program.
