Here are the biggest calls on Wall Street on Wednesday:
Roth upgrades LCI Industries to buy from hold
Roth upgrades the boating and RV company following earnings.
“We upgrade LCII shares to Buy (from Neutral) with an unchanged PT of $164 following outsized Q1 EPS.”
BTIG upgrades VF Corp. to buy from neutral
BTIG says estimates are now more reasonable for the owner of Vans.
“We upgrade VFC shares to Buy from Neutral.”
Seaport upgrades Ashland to buy from neutral
Seaport says the near-term outlook is “derisked” for the specialty materials company.
“ASH posted a weaker-than-expected Q2 and reduced FY26 guidance, driven by ongoing sluggish market dynamics and higher costs at the plant in Hopewell, VA.”
Barclays upgrades American Eagle Outfitters to equal weight from underweight
The firm upgrades American Eagle following earnings.
“We upgrade to Equal Weight from Underweight based on: 1) big jump in promo score driven by ‘near-perfect’ Aerie quarter; 2) expected positive sales-to-inventory inflection in 1Q26E; 3) 2H26 leverage of brand investments; and 4) underlying brand heat at Aerie / Offline.”
Goldman Sachs upgrades Advanced Micro Devices to buy from neutral
Goldman upgrades the stock following earnings.
“We upgrade AMD to Buy with a 12-month price target of $450 (27% upside) given tailwinds to its server CPU business we expect from agentic AI, as well as upside in datacenter GPUs in 2027 and beyond.”
Deutsche Bank raises DaVita to buy from hold
Deutsche upgrades the dialysis company following earnings.
“DVA reported 1Q:26 revenues of $3.415b which beat consensus by 2.2% and EPS of $2.87 which was 22.1% ahead of the Street. The two shining stars of the quarter were: (1) Revenue per treatment; (2) Treatment growth.”
Citigroup upgrades Arthur J. Gallagher, Brown & Brown and Willis Towers Watson to buy from neutral
Citi sees a “systemic return opportunity” for several insurance stocks.
“We upgrade AJG, BRO, MRSH and WTW to Buy (all from Neutral) on valuation as we believe there is a systemic return opportunity in the sector.”
Piper Sandler raises United Fire Group to overweight from neutral
Piper raises its investment recommendation on the insurance company stock following earnings.
“We are upgrading UFCS to Overweight from Neutral following its 1Q26 results. We think the company is firmly in a state of solid underwriting with its book rewritten to manage catastrophe losses that were once a much higher level.”
Morgan Stanley downgrades Valley National to equal weight from overweight
Morgan Stanley downgrades the New Jersey-based regional bank due to valuation.
“Downgrading Valley National (VLY) to Equal-weight from Overweight after strong outperformance over the past year.”
Morgan Stanley upgrades Franklin Resources to equal weight from underweight
Morgan Stanley says the stock is an “early stage turnaround.”
“We see increasing evidence that a turnaround is underway, with flow dynamics improving meaningfully over the past several quarters. Franklin has now delivered nine consecutive quarters of positive net flows excluding Western Asset Management, reflecting strengthening momentum across the core business.”
Morgan Stanley downgrades BellRing Brands to equal weight
Morgan Stanley downgrades the stock following earnings.
“We are downgrading BRBR to EW from OW, with lower growth forecasts after a large implied 2H guide down as challenges are now broadening beyond irrational competition to include consumer price sensitivity and rising costs, limiting our conviction in the forward trajectory.”
Rothschild & Co Redburn upgrades Monster Beverage to buy from neutral
The firm says it sees several positive catalysts ahead for the beverage company.
“Monster is still in the foothills of its international growth story: the company held just 14% market share of the international energy drinks category in 2025 compared to Red Bull at 26%.”
Goldman Sachs reiterates Nvidia as buy
Goldman says the AI chip producer is the “high-performance merchant solutions leader.”
“We believe Nvidia can retain its dominant market leadership in the medium term as it remains the leader in AI performance across a broad range of training and inference workloads.”
Canaccord initiates Kymera at buy
Canaccord says the biotech company is “one of the more cutting-edge technology companies.”
“We are initiating coverage of Kymera Therapeutics with a BUY rating and $106 12- month PT.”
Evercore ISI initiates Scholar Rock at outperform
The firm says the biotech company is well positioned.
“We initiate coverage of SRRK with an Outperform rating and $65 PT.”
Mizuho reiterates Alphabet as outperform
Mizuho raises its price target on the Google parent to $460 per share from $420.
“We believe consensus estimates continue to significantly under-model Google Cloud revenue and operating income potential over the next two years.”
Bernstein upgrades Deckers Outdoor to market perform from underperform
Bernstein says the worst is behind Deckers.
“At the end of a second year of decelerating sales and earnings growth and multiple compression, the worst of the reset seems to be behind us, with Street numbers and the multiple now more realistic and the risk reward more balanced.”
Benchmark upgrades AMC Entertainment to buy from hold
Benchmark says it sees “improving fundamentals” for AMC.
“We are upgrading to Buy and initiating a $2.50 price target, based on 9.0x 2026E AEBITDA, reflecting improving fundamentals and embedded operating leverage.”
Benchmark upgrades Sphere Entertainment to buy from hold
Benchmark upgrades the stock following earnings.
“We upgrade shares to Buy as recent performance reinforces confidence in the durability and scalability of the Sphere model, with 1Q26 results exceeding expectations.”
Susquehanna upgrades GlobalFoundries to positive from neutral
The firm doubles its price target on the stock to $100 per share from $50 following earnings.
“Following GFS 1Q16 earnings and into May 7 Analyst Day, we are upgrading GFS to Positive with updated PT of $100; 25x EPS power of $4, 40x and 30x updated 2027 and newly introduced 2028 PE.”
Needham upgrades IPG Photonics to buy from hold
Needham says it’s getting more constructive on the laser and fiber company following earnings.
“We are upgrading IPGP to Buy from Hold with a $110 PT on growing confidence in the company’s top-line prospects.”
Argus upgrades Palantir to buy from hold
Argus upgrades the stock following its “stellar” quarter earlier this week.
“We are upgrading Palantir Technologies Inc. to BUY, with a target price of $190. Palantir had another stellar quarter in 1Q and is both accelerating revenue and expanding margin as its core U.S. government business is reaccelerating and as it continues expansion into the U.S. commercial market.”
Goldman Sachs reiterates Meta Platforms as buy
The firm says Meta’s ad business is undervalued.
“Meta remains a leader in its core advertising business (significantly outpacing total digital ad industry growth) as the application of AI-related compute is driving momentum around engagement and ads monetization.”
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