Here are Wednesday's biggest calls on Wall Street: Loop reiterates Nvidia as buy The firm said Nvidia is firing on all cylinders. "Reiterating our Buy rating and increasing our PT to $250 from $175 as our work strongly suggests that 'the math just works', as fantastic as that may sound." D.A. Davidson initiates ServiceNow as buy D.A. Davidson said the company is "best-of-breed." "We are initiating coverage of NOW with a BUY rating and a $1,150 price target. ServiceNow has been a market leading business automation provider for over two decades now." Jefferies upgrades Stellantis to buy from hold Jefferies said the automaker is in the middle of a turnaround. "Data suggests the earnings slide is about to turn. A new internal CEO can move fast on overdue decisions, from brands to footprint and technology. Autos look more challenged than ever, but many STLA operating issues are self-inflicted and fixable." Morgan Stanley reiterates Tesla as overweight Morgan Stanley said it is sticking with Tesla following the robotaxi launch. "While certainly not flawless, the overall impression from those posting videos of their rides suggest a safe and largely uneventful demonstration. We are prepared to see a number of imperfections, mistakes and traffic violations with a trend of improvement over time." Bernstein reiterates Coinbase as outperform Bernstein raised its price target on the stock to $510 per share from $310. " Coinbase is the most misunderstood company in our Crypto coverage universe." Read more. Wells Fargo reiterates Microsoft as overweight Wells Fargo raised its price target on the stock to $585 per share from $565. "Our scenario analysis for MSFT's AI biz suggests $100B+ upside case by FY29 and importantly, we expect MSFT's AI narrative increasingly shifts toward app layer/Copilot this yr. Remain constructive on MSFT positioning & path ahead; raise PT to $585." Goldman Sachs upgrades Kraft Heinz to neutral from sell Goldman Sachs said it sees a more balanced risk/reward. "We are upgrading KHC to Neutral from Sell as we see a more balanced risk/reward given the company's previously announced review of strategic alternatives could result in upside risk." Goldman Sachs upgrades Duke Energy to buy from neutral Goldman Sachs said investors should buy the dip in the energy company. "We raise Duke Energy (DUK) from Neutral to Buy as the stock has lagged more defensive peers YTD and is making regulatory progress towards building significant generation that is not captured at current levels in our view." JPMorgan upgrades Yum Brands to overweight from neutral JPM said it sees robust free-cash flow generation for the owner of brands like KFC. "Upgrading YUM Brands to OW on sustained 4%+ unit growth, strong FCF generation, and pulled-back valuation." Read more. BTIG downgrades NuScale Power to neutral from buy BTIG downgraded the nuclear energy stock on valuation. " SMR' s stock has more than doubled since Q1 earnings (mid-May) when management guided to the company booking its first US order by the end of this year." Citi initiates Waystar as buy Citi said the cloud-based management solutions company is on the "precipice of an AI boon." "We are initiating coverage of WAY with a Buy rating and a $45 target price." JPMorgan reiterates Amazon as overweight JPMorgan said it sees Amazon increasing Prime pricing in 2026. "Amazon remains our best idea and our December 2025 PT of $240 is based on ~32.5x our 2026E FCF of $75B." Deutsche Bank reiterates FedEx as buy Deutsche Bank said investors should "buy the dip" in FedEx following earnings on Tuesday. "We appreciated the company speaking to its success with 'multiple pricing levers' in the quarter." Canaccord initiates Flutter as buy Canaccord said the gambling company has an "edge over the competition." "What began as a chain of betting shops across Ireland under the Paddy Power banner has evolved over the past four decades into Flutter Entertainment, the world's largest online gambling operator." Argus reiterates Apple as buy The firm said it is sticking with the stock. "The active installed base of Apple devices keeps setting new records, and Apple's perpetually refreshed roster of highly desirable products provides a unique advantage over industry rivals." Argus initiates Duolingo as buy Argus said the language learning company is well positioned. "We are launching coverage of Duolingo Inc. (NGS: DUOL) with a BUY rating and a price target of $575."
