Here are Thursday’s biggest calls on Wall Street: RBC upgrades Leidos to outperform from sector perform RBC said it likes the defense engineering company’s management. “Our Outperform thesis is underpinned by continued strength and execution in Leidos’ Health Services business, strong defense portfolio positioning, and increased confidence under CEO Tom Bell and the revised strategic direction.” Bank of America reiterates Salesforce as buy Bank of America said it’s sticking with the stock following earnings. “Q2 results are not enough to dispel the bear case that Salesforce’s business could be under pressure from Agentic AI. However, backlog is growing a steady 11% before material contribution from AI/Agentforce.” HSBC upgrades Copart to buy from hold HSBC said shares of the online car auction company have more room to run. “We believe the slower volume growth is likely temporary and that Copart has other levers to drive continued earnings expansion near term (margins, buybacks).” Citi reiterates Nvidia as buy Citi said it’s sticking with the stock but that it could take a breather. “We expect NVDA stock to take a breather after a strong run in the past six months and see Jensen Huang’s 10/28 GTC keynote as the next catalyst.” Barclays initiates Ideaya Biosciences as overweight Barclays said it’s bullish on the biotech company. “We initiate coverage of Ideaya (IDYA) with an OW rating with a $40 PT.” MoffettNathanson upgrades Apple to neutral from sell Moffett upgraded Apple and says many risks are being resolved. “North of 30x next year’s earnings is still, in our view, too rich for any company with good but not-great earnings growth. But as risks to fundamentals resolve, we don’t believe that a sell thesis solely supported by valuation concerns is justified.” Read more. Evercore ISI reiterates Broadcom as outperform The firm raised its price target to $342 per share from $304. “We view AVGO set-up heading into its JulQ-25 earnings report (scheduled for 4-Sep after the market close), with positive fundamentals being partially offset by high expectations.” Barclays reiterates Amazon as overweight Barclays said it sees more upside with Amazon Web Services. “We see potentially 200bps or so of upside to consensus AWS revenue growth in 4Q25.” BMO reiterates Microsoft as outperform BMO said it’s sticking with the tech giant. “Our stock view remains that MSFT is one of our favorite names driven by 1) broad portfolio that includes cloud leadership, 2) largely consistent and effective execution, and 3) reasonable valuation, though admittedly not inexpensive.” Deutsche Bank adds a catalyst call buy on Mobileye The firm said it’s sticking with its long term hold rating, but that it sees several positive catalysts in the near term. “Our outreach to the investor base recently suggests solid interest in Mobileye’s autonomy efforts and a strong showing at IAA [International Motor Show] should help boost sentiment.” Evercore ISI upgrades Brinker to outperform from in line The firm said it sees upside to consensus for the owner of Chili’s. “We are upgrading shares of Brinker to Outperform and raising our price target from $190 to $210 with higher earnings.” Read more. Morgan Stanley reiterates Apple as overweight Morgan Stanley said it’s bullish heading into Apple’s iPhone event on September 9. “Big picture, conservative FY26 Consensus growth expectations could make the launch a positive catalyst, for once.” Jefferies initiates Entergy as buy Jefferies said in its initiation of Entergy that the utility company is well positioned. “Best-positioned AI load play with 11-15% EPS CAGR 2024-2030, faster than every utility peer. +7-11% above Street in 2028+.” Wolfe reiterates Tesla as peer perform Wolfe said the backdrop for Tesla in 2026 is uncertain. “But we are less certain into 2026, as TSLA faces a challenging fundamental backdrop” Seaport downgrades Advanced Micro Devices to neutral from buy Seaport said its supply chain checks indicate progress is slowing with its AI accelerator business. “Our recent conversations across the supply chain point to AMD experiencing slowing progress with its AI accelerator business. We think this makes it increasingly challenging for them to meet over-high expectations this year. We are lowering our estimates and taking our rating to Neutral from Buy.”
