Wednesday’s Wall Street analyst calls like Nvidia

Here are Wednesday’s biggest calls on Wall Street: Bank of America reiterates Pinterest as buy Bank of America said it’s sticking with Pinterest following the company’s earnings on Tuesday. “Solid quarter, but high expectations – We see steady progress and drivers intact; Buy” Morgan Stanley reiterates First Solar as overweight Morgan Stanley said investors should buy any weakness in First Solar shares following earnings on Tuesday. “We expect pricing upside to materialize in 2H24/early 2025 and see a strong buying opportunity following the recent sell-off.” Morgan Stanley reiterates Microsoft as overweight The firm is sticking with the stock following earnings on Tuesday. “However, with our survey work suggesting big share gains ahead and MSFT trading at 29X GAAP P/E, it should be worth the wait.” Barclays reiterates Advanced Micro Devices as overweight Barclays said it’s standing by the stock following earnings on Tuesday. ” AMD is strongly positioned for AI in CY25 and beyond with additional tailwinds across server and client CPUs and embedded programmable logic.” Morgan Stanley upgrades Clearway Energy to overweight from equal weight Morgan Stanley said it sees upside for the clean energy developer. “We are raising our rating to Overweight (from Equal-weight); our new price target of $36 (up from $25) implies +43.4% one-year total return, including a 6.7% forward dividend yield.” JPMorgan downgrades Mobileye to neutral from overweight JPMorgan said it sees too much uncertainty for shares of the autonomous systems driving company. “The uncertainty in the Autos market has only increased in recent months with a deteriorating volume outlook for Electric vehicles being compounded by the relatively lackluster sales trends for ICE and Hybrids as high vehicle prices and high interest rates start to show effects in relation to a worsening consumer demand backdrop.” Mizuho upgrades Upstart to outperform from neutral Mizuho said it’s getting bullish on shares of the consumer lending company. ” Upstart ing a New Cycle; Upgrade to Outperform.” Morgan Stanley names Nvidia a top pick Morgan Stanley said investors should buy the dip in shares of Nvidia. “No change to earnings or PT, but the selloff presents a good entry point as we continue to hear strong data points short term and long term, with overblown competitive concerns.” Barclays upgrades Cemex to overweight from equal weight Barclays said the LatAm building materials company has upside. “Given better cost dynamics and attractive upside potential from current levels, we upgrade CX to OW while keeping our $9 PT unchanged.” Berenberg downgrades Albemarle to hold from buy Berenberg downgraded the lithium company due to “deteriorating lithium prices.” “Lower lithium prices have caught Albemarle on the wrong foot and fully committed to a large capex programme and may, we think, force the company to raise equity capital. We downgrade to Hold, with a new price target of USD83.” Nomura upgrades Stellantis to buy from neutral Nomura said the stock’s valuation is “attractive.” ” Stellantis’ share price has declined 26% YTD (29 July close). During the same period, the share prices of the remaining Big6 OEMs were up 5% on average, while the S & P 500 rose 15%.” Bernstein upgrades PayPal to outperform from market perform Bernstein said it sees new growth drivers for the stock. “We are tactically upgrading PayPa l to OP after almost 3 years. We are encouraged by improved transaction gross profit performance from positive branded growth, Braintree pricing initiatives, and Venmo monetization.” Deutsche Bank upgrades Corning to buy from hold Deutsche said it sees “double-digit EPS growth over the next several years” for the glass company. “We upgrade Corning shares to Buy, with our $46 price target implying 18% total return.” Citi initiates Navigator Holdings as buy Citi said it’s bullish on shares of the liquified gas shipper. “We initiate coverage of NVGS with a Buy rating and $22 target price.” Citi upgrades Ecolab to buy from neutral Citi upgraded Ecolab following earnings and said it sees more upside for the food safety company. “Share Gains & Continued Investments Support Robust Growth & Margin Expansion; Upgrade to Buy.” TD Cowen downgrades McDonald’s to hold from buy TD Cowen said it sees a more balanced risk/reward for McDonald’s shares. “In our view, the positive stock reaction to 2Q’s challenged results & soft 2H U.S. & Int’l outlook presents a balanced risk/reward over our 12-month investment horizon as we see shares as range bound.” Raymond James upgrades Renasant to outperform from market perform Raymond James said it’s bullish on shares of the bank holding company. “We are upgrading RNST shares from Market Perform to Outperform and establishing a $39 price target following its announced acquisition of The First Bancshares and capital raise.” Bank of America upgrades Lockheed Martin to buy from neutral Bank of America said the defense company is a “beneficiary of global demand for fighters & missiles.” “We are upgrading Lockheed Martin (LMT) to Buy (from Neutral), raising estimates and increasing our PO to $635 (from $465). Bank of America upgrades Gap to neutral from underperform Bank of America said it sees a better “margin opportunity” for Gap shares. “We think GPS will continue to beat on gross margin, leading to upside to F24 consensus EPS. The stock has reacted favorably to beats in recent quarters, and we view 2Q as the quarter with the most potential upside.” Bank of America upgrades RTX to buy from neutral Bank of America said demand is rising for the aerospace and defense company. ” RTX is in the process of a digital transformation – leveraging digital analytics across factories to improve yields, efficiency, and lower costs.” Benchmark initiates Blink Charging as buy Benchmark said it’s bullish on shares of the charging company network. “We are initiating coverage of Blink Charging Co . with a Buy Rating and a $5.00 Price Target.” Jefferies upgrades Woodward to buy from hold Jefferies said in its upgrade of Woodward that it sees an attractive entry point for shares of the aerospace company. “Management has made significant progress towards stabilizing its factories from supply-chain delays through production rationalization, inventory management, and rapid response machining capabilities.” Goldman Sachs reiterates Starbucks as buy Goldman said Starbucks has an “attractive” risk/reward following earnings on Tuesday. “We maintain our Buy rating with ~35% total return to our unchanged 12m price target of $100.” Bank of America adds Marriott to the US1 list Bank of America added the stock to its top picks list. “We add Marriott International (MAR) to the US 1 List.” Raymond James initiates On Holdings as outperform Raymond James said it’s bullish on the shoe company. “We initiate coverage of On Holdings (ONON) with an Outperform rating and a $46 price target. ONON is a premium athletic brand founded in 2010 in Switzerland.”