Wednesday’s biggest stocks on Wall Street like Nvidia
Here are the biggest comments on Wall Street on Wednesday: Bernstein reiterates Nvidia as outperform Bernstein said it maintained its outperform rating on the stock. ” NVDA (OP, $1300): Data center opportunity is huge and still early, with material upside likely. Argus upgrades Berkshire Hathaway to buy from holdings Argus says shares of multinational conglomerate Warren Buffett’s nation is bullish. “We have a bullish view on the corporate nature of Berkshire, whose stock returns have doubled those of the S&P 500 since 1965 (compound growth). annualized 19.8% versus 10.2% for the index). However, we note that Berkshire’s revenue is economically sensitive and typically expands or contracts in step with the US economy.” UBS reiterated Fluence when buying UBS said the energy company was Benefit from AI data centers. Benefit from growing AI data centers driving electricity demand as a leading supplier of utility-scale battery systems.” UBS reiterated that when it bought First Solar, UBS raised First Solar’s price target to $350/share from $270. “The PT change is driven by our greater confidence in the needs of basic utility-scale projects driven by corporate ‘100% renewable energy’ demand and positive news recent pole on US import tariffs.” upgraded LBRT to Buy and increased our price target to $32. LBRT performed better in OFS [oil field services] over the past year as concerns about falling profits were overblown.” Jefferies upgrades United Airlines to buy from holdings Jefferies said it likes United Airlines’ differentiated product offering. “Upgrade level to buy: Integrating Sustainable FCF with What’s Next in Wealth Building Opportunities. ” Jefferies downgrades American Airlines to retain purchase Jefferies said it is concerned American Airlines’ strategy is taking too long to execute. “Downgrade to Hold: Not all sunshine & rainbows in the sun belt heaven & El Paso.” Bank of America reiterates Apple is a buy The upcoming AI (IntelliPhone) will drive a multi-year upgrade cycle similar to the incremental functionality improvements brought about by the advent of smartphones. ” TD Cowen initiates Medpace as it buys TD Cowen said it sees “tremendous growth” in the clinical research organization. “We initiated MEDP with a Buy rating and $452 PT. Morgan Stanley Reiterates Netflix and Disney as Overweight Morgan Stanley said it maintains its overweight rating on the stock. ” NFLX: Continued strong net adds and revenue strength should ease concerns about premium share being the main driver of strength. We revisit the $850 bullish case DIS: Shares overcorrected on concerns about Parks’ growth, which we expect to accelerate again in F4Q Now back to 18x P/E, we see an increase of more than 25% compared to PT.” RBC upgrades Eldorado Gold to outperform industry performance RBC said it is bullish on Eldorado Gold shares. “Higher Yield, Higher Margin, Higher FCF Coming: Upgrade to Exceptional Capabilities.” BTIG upgrades Core Scientific to buy from neutral BTIG said the bitcoin mining company’s shares are bullish. “We upgrade CORZ to Buy from Neutral on continued execution and our expectations for solid BTC prices, which will allow the company to aggressively de-leverage as warrants (~180 million shares) was implemented to accelerate the company’s leverage reduction strategy. Citi downgrades Bank OZK to sell from buy Citi said in downgrading Bank OZK that the regional bank has too many negative catalysts and commercial real estate concerns ‘Growing concerns Regarding credit: 2 projects have potential problems – Downgrade for sale. JPMorgan reiterates Cava is overweight JPMorgan called the Mediterranean restaurant chain a “high-quality growth story” after earnings. ” CAVA results – and the share price – are showing a clear expansion from success in many regions to a national scale.” Wells Fargo recalls Snowflake for being overweight Wells said it is optimistic ahead of the company’s Snowflake Summit 2024 event. “We see significant recovery potential and expect Summit to shed more light on the growth path; hold OW + $225 PT.” Baird Starts Mind Medicine Outperforms Baird said shares of the psychedelic biotech company and Mind Medicine’s MM120 drug to treat anxiety disorders are gaining. “Starting at Outperform and $27 PT, primarily based on the outlook for lead agent MM120, a form of LSD, in generalized anxiety disorder.” Bank of America upgrades Melco for buy from neutral Bank of America said the casino and resort company will be “rerated.” “We upgrade Melco from Neutral to Buy with PO rising to $10.40.” Truist upgrades Norwegian to buy from shares Truist said it sees strong revenue growth going forward for the cruise company. “We are upgrading shares of Norwegian Cruise Line Holdings (NCLH) to Buy from Hold and raising our price target to $21 from $20.” Bank of America reiterates purchase of Dell Bank of America raised its price target on Dell to $180 per share from $130. “Reiterate Buy on AI server upside, PC refresh and strong capital gains with potential S&P inclusion as additional catalyst.” Truist recalls Chipotle when buying Truist raised its price target on Chipotle to $3,520 a share from $3,440 after a series of meetings with Chipotle management. “This week, we hosted investors for a store tour and lunch with field leadership in the Chicago area (Regional Vice President, Team Manager, Field Team Leader, and GM) as well as Chief Financial Officer, Jack Hartung and Cindy Olsen, Director of IR and Strategy.”
