Here are Wednesday’s biggest calls on Wall Street: UBS upgrades Crescent Energy as buy UBS said it sees a compelling entry point. “We initiate on CRGY with a Buy rating and a $13 PT.” Morgan Stanley names FTAI Aviation as a top pick Morgan Stanley said the stock is a new top pick in space. “Our highest-conviction ideas are FTAI in Commercial Aerospace, Northrop Grumman (NOC) in Defense, and HawkEye 360 (HAWK) in Space Technologies, reflecting what we believe are the most attractive combinations of secular growth, earnings durability, and risk/reward across our coverage.” Rosenblatt initiates Securitize as buy Rosenblatt said the fintech company is undervalued. “As a result, despite newly-public SECZ’ s dominant market share and unique native-issuance capability, the stock has had a rough debut (-36% last week) reflecting concerns about its ability to maintain its leadership position once TradFi leaders motivate to protect their slice of the pie.” Wells Fargo initiates Pharvaris as overweight Wells said the biotech company is compelling. “We initiate PHVS at OW w/ DCF-based $55 PT.” Benchmark initiates Popular as buy Benchmark said it sees fundamentals improving. “We are initiating coverage of BPOP w ith a BUY rating and $201 price target based on 12x our FY27E, or above the Company’s long-term averages, reflecting improving fundamentals that we believe will persist.” Stephens initiates UMB Financial as overweight Stephens said it likes the regional bank’s balance sheet. “UMB’s ability to consistently grow its balance sheet faster than peers without sacrificing credit quality, coupled with its peer-leading fee income contribution, differentiates the company from its competitors.” UBS initiates SM Energy as buy UBS said it sees improving capital returns. “We initiate coverage of SM with a Buy rating and a $36 PT. Macquarie initiates UMC as outperform Macquarie said the semis company is well positioned. ” UMC is a semiconductor foundry focused on mature nodes. We believe we are still in the early stages of an up-cycle…” Citizens initiates FedEx Freight as outperform Citizens said FedEx Freight shares are attractive. “We also know that the financial statements will be odd comparisons in the near term because the company is changing from a May fiscal year to a December fiscal year in 2026. Having said that, we believe we know enough to make an investment decision on the shares.” Citizens initiates FedEx as outperform Citizens said it’s bullish on FedEx shares. “With the spin-off of FedEx Freight on June 1 and the integration of the company’s Ground and Express networks set to be largely complete in 2027, housecleaning should be winding down, and the company will move more into growth mode, adding to its growing healthcare and B2B franchise.” Raymond James reiterates Nvidia as strong buy Raymond James said it’s sticking with the stock. “Server trends cited by channel partners and supply chain continue to reveal strength from accelerated platforms (i.e., AI machines), including incremental demand/interest from the enterprise side and traditional servers too. Wider availability of Nvidia Blackwell GPUs have improved shipments, and intra quarter supply chain checks reveal continued improvement.” Oppenheimer downgrades IBM to perform from outperform The firm downgraded the stock following its negative pre-announcement on Tuesday. “Downgrading IBM Post Negative Pre-Announcement; Software Bull Thesis Will Take Longer to Materialize.” Read more. Piper Sandler upgrades Arthur J. Gallagher to overweight from neutral Piper said the insurance company is firing on all cylinders. “Arthur J. Gallagher: High-quality retail broker with M & A capacity and strong culture.” UBS reiterates SpaceX as buy UBS said the “next big milestone” is on July 16. “SpaceX i s targeting July 16th at 6:45PM ET for its 13th Starship test flight, which if successful will build on the achievements of Flight 12 and demonstrate further maturity of the rocket.” UBS reiterates Advanced Micro Devices as buy UBS raised its price target o n AMD t o $700 per share from $670 ahead of the company’s AI day. “In an event likely focused on technology more than customers or financials, we expect AMD to showcase the durability of its CPU and GPU roadmaps.” Read more. Deutsche Bank reiterates Tesla as buy Deutsche said it’s sticking with Tesla ahead of earnings next week. “Following 2Q deliveries which were significantly above expectations at ~480k units, we now model auto gross margin ex-credit at 18.0%, still down 120bps sequentially despite growing volume meaningfully QoQ. Going from 1Q to 2Q, the quarter should see incremental benefits from higher volume and increase in FSD monthly subscriptions.” Citi reiterates Microsoft as buy The firm lowered its price target to $570 per share from $620. “We remain positive on MSFT with positive checks particularly on CoPilot, and view the company increasingly strategically positioned in an era of optimizing token spend and AI efficiency.” Bank of America initiates Ring Energy as buy Bank of America said the E & P company has plenty of upside. “We initiate coverage of Ring Energy (REI) with a Buy rating and $2.00/sh price objective. REI, an E & P company focused primarily on Permian oil and gas production.” Canaccord initiates Deep Fission as buy Canaccord said shares of the nuclear company have plenty more room to run. ” Deep Fission also relies on a mile-high column of water to generate the 160 atmospheres of hydrostatic pressure required for operation.” Guggenheim upgrades Digital Realty to buy from neutral Guggenheim said the setup is constructive. “We are upgrading DLR from Neutral to Buy and introducing a $200 price target following our pre-quiet period conversation with management, along with our view that owning a data center REIT with an existing footprint in an increasingly hard- to-build environment is advantageous.” Mizuho reiterates Palantir as outperform The firm said it sees accelerating growth. “On PLTR, we picked up ongoing Federal deal momentum, and we expect a stronger performance in US Commercial. Altogether, we believe PLTR can accelerate total revenue growth for a 12th consecutive quarter.” Guggenheim upgrades Nextpower to buy from neutral Guggenheim said investors should buy the weakness. “We are upgradin g NXT to Buy from Neutral, with a price target of $125. The stock’s recent 33% decline from its peak has provided investors with an attractive entry point, in our view.” Morgan Stanley upgrades Cava to overweight from equal weight Morgan Stanley upgraded Cava and said it “stands out” relative to peers. “And while this is not a cheap stock even after recent weakness, on the growth side of our coverage, it stands out as one of few where we feel good about most of the KPIs that matter – traffic growth, unit growth, new store performance, and margin visibility.” Morgan Stanley upgrades Madison Square Garden Sports to overweight from equal weight The firm said it sees a slew of positive catalysts ahead for the owner of the New York Knicks and Rangers. “Upgrade MSGS to OW: NBA/NHL exposure, planned team split, upcoming tax changes, and 30-35% PMV discount create the stronger near-term risk/reward.”
Wednesday stocks by analyst calls like SpaceX
