Wall Street Calls on Nvidia, Microsoft, and Starbucks
- Top analysts on Wall Street made significant calls regarding major corporations including Nvidia, Microsoft, and Starbucks.
- The report highlighted positive and negative sentiments toward these companies based on recent market movements.
- Investors and stakeholders are encouraged to stay informed and consider these calls in their decision-making.
On Wednesday, Bank of America reaffirmed its "buy" rating for Pinterest following the company's recent earnings report. The firm remains optimistic about the platform's growth potential, indicating confidence in its future performance. Additionally, Bank of America upgraded Gap to neutral from underperform, citing improved margin opportunities and positive reactions to recent earnings beats. Morgan Stanley also maintained its "overweight" rating for First Solar and Microsoft, encouraging investors to consider buying shares during any market dips. The firm expressed a bullish outlook on both companies after their earnings announcements, suggesting they remain strong investment choices. In a notable upgrade, Mizuho raised Upstart's rating to outperform from neutral, reflecting increased confidence in the consumer lending company's prospects. Conversely, Deutsche Bank upgraded Corning to "buy" from hold, projecting double-digit earnings per share growth over the coming years, with a price target of $46 that implies an 18% total return. Raymond James upgraded Renasant to outperform from market perform, following the bank's acquisition of The First Bancshares and a capital raise. Meanwhile, Bank of America also upgraded RTX to buy from neutral, citing rising demand in the aerospace and defense sector, and added Marriott to its top picks list, indicating a strong outlook for the hospitality company.