Here are Wednesday's biggest analyst calls: Nvidia, Apple, Broadcom, Microsoft, Teva, AutoZone, Vail & more

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4 days ago

Here are Wednesday's biggest calls on Wall Street: Truist initiates Teva as buy Truist said Teva is best positioned to "rival" big pharma. "We initiate coverage on TEVA ahead of its upcoming investor day with a BUY rating and $25 PT." UBS reiterates Apple as neutral UBS said its checks show an "uptick" in foot traffic following the tariff announcements. "Following the announcements of US imposed tariffs across China and Southeast Asia in early April, anecdotal iPhone checks indicated an uptick in foot traffic in Apple stores and other smartphone point of sale outlets like Best Buy and telecom operator stores." Mizuho reiterates Broadcom as outperform Mizuho said Broadcom remains a top pick ahead of earnings next week. "Reiterating our Outperform, RAISING F27E estimates 5-10% above consensus, and raising our PT to $300 (prior $250)." Goldman Sachs downgrades Booz Allen Hamilton to sell from neutral Goldman said it sees limited earnings growth upside for the government defense contractor. "We downgrade BAH t o Sell from Neutral as we see limited revenue and earnings growth over the medium-term, while valuation still has downside risk." Baird upgrades Fair Isaac to outperform from neutral Baird said investors should buy the dip in the credit score company. "We consider FICO Scores the best financial model we've seen, think it has a very attractive market position and provides systemic value, believe it will continue to plan to manage to Scores pricing increases, and we expect material eventual mortgage volume normalization/recovery." William Blair initiates Centrus Energy as outperform William Blair said the energy company is a nuclear beneficiary. " Centrus Energy is uniquely positioned as the only U.S.-owned uranium enricher, providing advantages in both technology and national security." TD Cowen downgrades Freshpet to hold from buy TD Cowen said it's concerned about slowing growth for the pet food company. "We downgrade Freshpet to Hold to reflect our concerns about decelerating retail sales growth trends." Redburn Atlantic Equities initiates Arista and Broadcom as buy The firm said both stocks are "our preferred" AI data center plays. "We initiate coverage with Buys on Broadcom and Arista." Bank of America reiterates Microsoft as buy Bank of America said Microsoft is a winner in the small- to mid-size software business market. "We highlight Microsoft, Intuit and HubSpot as key winners in SMB [small and mid size business] software, addressing large markets, with formidable advantages stemming from large installed bases, product depth/breadth and robust sales channels." Bank of America reiterates AutoZone as buy Bank of America said the auto parts company is "recession resilient" following earnings. "We reiterate our Buy rating and our $4,800 PO to reflect our confidence in AZO's recession resilient history, ongoing share gains in both DIY [do it yourself] and Pro, potential inflation benefit from price increases, potentially more favorable used vs. new car dynamics, continued Pro tailwind from maturing commercial programs and rollout of hubs and mega hubs." JPMorgan upgrades Vail to neutral from underweight JPMorgan said the skiing and resort company is at an inflection point. "With MTN reaching the end of industry normalization headwinds exiting FY25 & leadership bolstered by the return of former CEO Katz, we see a potential top/bottom line inflection point supported by idiosyncratic growth opportunities..." Bank of America initiates Primo Brands as buy Bank of American said the bottled water company is a share gainer. "We initiate on Primo Brands (PRMB) with a Buy rating and $42 PO, based on 12x our 2026E EV/EBITDA, a discount to 14x peer-average given relative lower free cash flow conversion." Truist upgrades State Street to buy from hold The firm said the bank could be a beneficiary of the "upturn in equity markets." "We think this setup could be a catalyst to help STT recapture some of its underperformance vs. BK & the broader bank group of late. The company also recently announced its permanent CFO - the search hadn't been a real overhang, but the reduced uncertainty from a solid hire is still helpful." Truist downgrades Bank of New York Mellon to hold from buy Truist downgraded the stock mainly on valuation. "To be clear, we still think BNY will be a long-term success story and continue to be a quality compounder. ... Why give up a good thing? Some of it is just taking a breather after a very strong run..." Evercore ISI reiterates Arista, Cisco and Nvidia as outperform The firm said in an industry note that the three stocks are well positioned in the AI switching market. "This market can be broken down into four major groups: 1) Top 4 US Hyperscale ($14.6B), 2) Top 3 China Hyperscale ($3B), Rest of Cloud ($5.2B), and Enterprise ($5.6B). Within these markets, we expect Arista , Celestica, and Nvidia to be the major players in the two non- China cloud markets. Cisco in partnership with Nvidia looks best positioned in Enterprise market with Arista likely to be the number two player after Cisco/Nvidia." JPMorgan upgrades Noble to overweight from neutral JPMorgan said it likes the offshore driller's dividend. "We recently hosted NE's CEO and CFO on a NYC roadshow. The key takeaway from our investor meetings was management's confidence it could secure incremental term work for its deepwater floater fleet to boost earnings visibility in 2026, although near-term conditions remain choppy in both the deepwater and harsh environment jackup markets." Benchmark initiates Sonic Automotive as buy Benchmark said the auto dealer is well positioned. "We are initiating coverage of Sonic Automotive (SAH) with a Buy rating and $76 price target.." Bank of America reiterates Seagate as buy The firm raised its price target on the stock to $135 per share from $125. "We hosted Seagate CFO Gianluca Romano for meetings in NYC on May 27th & walked away from the meeting very encouraged by the medium and l-t targets set out at the investor day. UBS reiterates FedEx as buy UBS lowered its price target on the stock to $311 per share from $331. "We believe the backdrop for FDX in 4QF25 was more volatile and likely somewhat weaker than expected in their international business relative to their commentary from the 3Q earnings call in March."