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Here are the biggest calls on Wall Street on Wednesday: Roth initiates Firefly Aerospace at buy Roth says the space company is well positioned for growth. “We are initiating coverage on Firefly Aerospace Inc . (FLY) with a Buy rating and a $60 price target.” Goldman Sachs initiates Amcor at buy Goldman says it’s bullish on shares of the multinational packaging company. “The $8bn acquisition of Berry Global fundamentally reframes AMC’s growth algorithm, tilting its portfolio toward higher-value end markets.” Wells Fargo reiterates Nvidia as overweight The bank says it’s sticking with the stock after it displayed its latest graphic processing unit chip at an AI conference. “Our Overweight rating is based on our positive stance on NVIDIA’s competitive positioning in gaming GPUs and expanding growth opportunities in data center, HPC [high performance computing], and emerging / expanding AI opportunities (autonomous vehicles, healthcare, robotics, etc.).” Goldman Sachs upgrades Haleon to buy from neutral Goldman says that Haleon , consumer health company, is attractive. “Current valuation offers attractive entry point on 18x CY26e P/E following the sell-off, partly due to weak U.S. sales and FX headwinds.” TD Cowen upgrades Nike to buy from hold TD Cowen says a turnaround is underway. “Margin recovery is underappreciated in consensus estimates on a multiyear basis. Proprietary field work shows signs of Nike and Jordan improvement while share gain and brand heat from upstart peers are slowing.” Wells Fargo reiterates Tesla as underweight Wells says Tesla’s sales data remains weak. “Available TSLA August sales data remains weak despite the end of IRA on Sept 30. Of the 3 major mkts we track, Aug TSLA deliveries are trending down 9% y/y, though 37% higher m/m.” Bank of America reiterates Apple as buy Bank of America raises its price target to $270 per share from $260 following Tuesday’s iPhone event. “The iPhone launch event went mostly as expected. Apple introduced new versions of iPhone, Watch and AirPods with enhanced functionality to make them even more integrated into our lives with more health features (heart rate sensing, hypertension notifications, sleep score), and functionality.” UBS upgrades Gossamer Bio to buy from neutral UBS says data looks promising for the biotech company’s pulmonary arterial hypertension trial. “We took a detailed look at GOSS’s upcoming Ph3 PAH (pulmonary arterial hypertension) trial ahead of data in Feb & left with increased confidence in success:” UBS initiates Ardent Health Partners at buy UBS says the hospital company is attractive. “We initiate coverage of Ardent Health with a Buy rating and a $17 PT.” Bernstein upgrades Novo Nordisk to outperform from market perform Bernstein says investors should buy the dip in the biopharma company. “After two profit warnings, the market has almost fully capitulated. Although we cut our estimates, we still see an attractive obesity market opportunity for Novo , and upgrade to Outperform.” Morgan Stanley upgrades nCino to overweight from equal weight The Wall Street investment bank says the fintech company is best positioned for growth. “Upgrade NCNO t o OW as expectations are sufficiently low with clear catalysts for growth acceleration while still trading at a discount to private market value” RBC upgrades Newmont Mining to outperform from market perform RBC says the gold miner company is in the midst of a turnaround. “We upgrade Newmont to Outperform from Sector Perform and increase our target price to $95/sh from $66/sh.” Morgan Stanley downgrades Trade Desk to equal weight from overweight Morgan Stanley says it sees too many negative catalysts for the ad tech company. “We were wrong about TTD’ s growth durability, as trends in its core CTV [connected tv] business suggest mounting headwinds in ’25.” Bank of America upgrades Oracle to buy from neutral The firm raises its price target to $368 per share from $295 after Oracle reported its latest results. “Also, Oracle’s leading position in database and applications could drive meaningful pull through of AI compute in a one stop shop solution.” Read more. Bank of America upgrades Rocket Companies to buy from neutral Bank of America says the mortgage company is a beneficiary of lower interest rates. “We see Rocket as a strong beneficiary of rate cuts as it will likely spur an increase in both purchase and refi volumes, with an even more pronounced effect on refi where RKT has a sizeable ~10% market share.” Evercore ISI downgrades HP Inc. to in line from outperform Evercore downgrades HP Inc. , mainly on valuation. “Our downgrade reflects the fact that the stock is trading around our price target of $29 and for us to see further upside we need to see a clear path to EPS/FCF numbers moving higher, but that is unlikely to happen in the near-term given a host of cross currents, in our view.” Susquehanna upgrades Saia to positive from neutral Susquehanna says it’s getting more constructive on shares of the shipping company. “We raise our LTL [less than truckload] target prices/multiples and upgrade SAIA to Positive as we lean into industrial opportunity and the calendar approaches 2026, where investors will capitalize 2027.” Morgan Stanley reiterates Meta Platforms as overweight The firm says it’s sticking with the social media stock. “Good news is pipeline here seems long. OW META with 11%/44% upside to base/bull”
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