Here are the biggest calls on Wall Street on Thursday: Wells Fargo downgrades Truist to equal weight from overweight The Wall Street investment bank said its negative on the regional bank’s new strategy. ” TFC’ s new 5-year strategic plan comes with no new metrics and an approach that seems to mirror peer from years ago.” Rosenblatt initiates PubMatic as buy Rosenblatt said it’s bullish on shares of the ad tech company. “Yet, because PubMatic remains a meaningful and capable AdTech player with significant strengths that have made it the #3 [supply side platform], with 4% share, these operating challenges seem likely to be overcome, and may not matter in the future for the equity.” UBS reiterates Nvidia as buy UBS raised its price target on Nvidia to $205 per share from $175 ahead of earnings next week. “We see FQ2 (Jul) revenue in the ~$46B range (or a similar ~$1B beat to last Q) and see FQ3 (Oct) revenue guided to ~$54-55B excluding China, or as much as ~$57B if China is included.” Read more. Citigroup downgrades Coty to neutral from buy Citigroup downgraded the beauty company following earnings. ” COTY F4Q25 results were worse than expected with topline pressure in both segments (Consumer Beauty -12% and Prestige -7%) and EBITDA worse than expected, despite a low bar post YTD stock underperformance.” UBS upgrades Kanzhun to buy from neutral UBS upgraded the China online recruitment services provider following earnings. “We upgrade BZ to Buy and lift our price target from US$19.50 to US$26.00 after its solid Q2 results beat.” Morgan Stanley reiterates Target as overweight Morgan Stanley said the retailer is too attractive to ignore at current levels. “While TGT’s EPS power may not have bottomed, its real estate value, forward positioned inventory and AI use cases protect downside, making risk/reward attractive.” Goldman Sachs upgrades Broadstone Net Lease to buy from sell Goldman said the real estate investment trust is well positioned. “We are upgrading Broadstone Net Lease (BNL) to Buy from Sell based on 1) the successful disposition of its healthcare portfolio, giving us confidence in management, 2) visible earnings growth from its build to suit (BTS) development pipeline” JPMorgan reiterates Amazon as a best idea JPMorgan said the dominant e-commerce platform remains a top idea. ” AMZN is most diversified mega-cap across revs/profit & has various large growth opportunities” Morgan Stanley upgrades Hewlett Packard Enterprises to overweight from equal weight The Wall Street bank said it sees upside for the stock ahead of earnings due in September. “Upgrade HPE to OW (from EW) with $28 PT given JNPR EPS accretion and multiple upside not priced in; $39 bull case valuation assumes HPE trades in-line w/ peers.” Stifel initiates Adient as buy Stifel said it’s bullish on the auto parts maker. “We are initiating coverage of Adient PLC (ADNT) with a Buy rating on the shares and a 12-month target price of $27. Adient is a leading global supplier of foam, structures and mechanisms, trim and complete seats to the automotive industry.” Morgan Stanley initiates Trevi Therapeutics at overweight Morgan Stanley said it’s bullish on the biotech company’s chronic cough drug, Haduvio. “We see a multi-billion dollar opportunity for Trevi’s Haduvio, a de-risked and differentiated chronic cough candidate that should address significant treatment gaps.” Goldman Sachs reiterates Tesla as neutral Goldman said it’s cautious on Tesla’s robotaxi launch. “For Tesla specifically, we think it is a positive that Tesla has begun robotaxi operations which puts it on the path to addressing a large market (we estimate that the U.S. robotaxi market will be $7 bn in 2030…)” Morgan Stanley reiterates Intel as equal weight Morgan Stanley said it’s cautiously optimistic on Intel’s turnaround plan. “We continue to take CEO Lip Bu Tan at his word — this will be a challenging turnaround with no quick fix, while the stock mostly reacts to quick fix narratives.” Citi upgrades Bio-Techne to buy from neutral Citi said shares of the life sciences company are attractive. “On TECH, its current valuation screens favorable and we see conservatism in the initial F26 guide on revenue and margins.” Citi reiterates Carnival Corp. as buy Citi said the stock is a table pounding buy. “Overall, our chat with [CEO] Weinstein cemented our recent addition of CCL to the Citi Focus List (replacing RCL), in that while we have long been strongly positive on the strategy and innovation that RCL has brought to bear in recent years, we now believe CCL is the best stock in our coverage for 2025/2026.” Susquehanna reiterates Marvell Technology as positive Susquehanna said it’s bullish heading into Marvell Technology earnings on August 28. “Overall, we expect continued momentum for Inphi as the AI demand environment remains robust. Generally positive checks for the traditional business are perhaps an additional tailwind. Reiterating Positive and $90 PT.” H.C. Wainwright upgrades CoreWeave to buy from neutral The firm said investors should buy the dip in CoreWeave shares. “We are not adjusting estimates here, just recognizing the stock’s valuation has sunk deep enough, we believe, to suggest investors could enjoy healthy returns to previous stock levels on the back of a leader in the neocloud space. With our new Buy rating, we are offering a $180 price target, the recent June-end high where the stock enjoyed a cup of coffee and immediately retreated.” Wedbush downgrades Instacart to underperform from neutral Wedbush downgraded the food delivery provider due to rising competition. “While we recognize Instacart may carve out a specialized focus, providing omnichannel support to local/regional grocers with limited resources, we believe consumers will opt for more compelling and value-driven services.” Deutsche Bank reiterates McDonald’s as buy The investment bank said it likes the company’s “efforts to improve value proposition and perceptions.” ” MCD has been open about efforts to improve its value proposition, with an emphasis around more consistent (and core) value across the system. MCD has reportedly come to an agreement with franchisees to keep the prices of eight popular combo meals 15% below the sum of the a la carte items, which will help address the pricing architecture of the core menu.” Morgan Stanley reiterates TJX Companies as overweight Morgan Stanley said the retailer remains compelling following earnings. “We continue to see upside to revised FY guidance, & think TJX will continue to benefit from its relative tariff risk insulation & attractive value positioning. Stay OW;” Bank of America reiterates Analog Devices as buy The bank said Analog Device remains a best idea after its latest quarterly earnings. “We reiterate our Buy rating on our top analog semi pick, as even after a solid FQ3/FQ4 beat/raise, ADI’s cyclical and secular growth tailwinds have yet to fully play out.” Loop reiterates Apple as buy Loop lowered its price target on Apple to $226 per share from $230. “Reiterating our Hold and lowering PT to $226 from $230 while updating our estimates to reflect mix shifts toward Pro/Pro Max models, lower air models and [average selling price] adjustments.”
