Here are Wednesday’s biggest calls on Wall Street:

Bank of America reiterates Dell as buy

Bank of America raised its price target on Dell to $600 per share from $505 following earnings.

“Our Buy rating is based on broad product portfolio, upside from AI, growth faster than the market, continuing share gains, and opportunity to grow margins over the next several years...”

Berenberg initiates Rocket Lab, AST SpaceMobile, Planet Labs and HawkEye 360 as buy

The firm launched coverage on the space sector and said it’s bullish.

“We launch coverage of the US and European space sector with Rocket Lab (Buy), AST SpaceMobile (Buy), Planet Labs (Buy), HawkEye 360 (Buy)... ”

Morgan Stanley reiterates Tesla as equal weight

The firm said Tesla stock should “regain momentum” heading into the cybercab event Thursday.

“Tesla is hosting a Cybercab launch event on 9/3. If the event includes a meaningful rollout of unsupervised Cybercabs, we expect the stock to regain momentum.”

Morgan Stanley reiterates Apple as overweight

Morgan Stanley said the stakes couldn’t be any higher ahead of the iPhone launch next week.

“This may be Apple’s most consequential iPhone launch since iPhone X. Apple’s first foldable and the largest iPhone price increases in years creates a critical test of pricing power.”

JPMorgan reiterates Nvidia as overweight

JPMorgan said it’s sticking with the stock following a series of Nvidia investor meetings.

“We see constructive demand fundamentals coupled with an inflecting capital return supporting material upside to the stock.”

Canaccord initiates Wise as buy

Canaccord said the company is firing on all cylinders.

“Wise has spent 15 years and $3.8bn building one of the most valuable cross-border payments infrastructure assets outside traditional banking.”

JPMorgan upgrades Martin Marietta to overweight from neutral

JPMorgan said it likes Martin Marietta’s “cash returns.”

“Given the company’s recent acquisition of LNA, we see solid positive catalysts ahead as the company executes on expected cost synergies ($85 mn by year two), which we think have upside, drives commercial synergies that we estimate could add $100-175 mn in EBITDA, reduces post-transaction leverage, and investors gain a deeper understanding of the lime industry.”

Stifel initiates Taiwan Semiconductor as buy

Stifel said the semis company is a “must own.”

” TSM (Buy, $515 TP) : Key Enabler of AI Hardware Driving Long-Term Compounded Growth via Trough-on-Trough Cyclical Earnings Accretion, and a ‘Must-Own’ Multi-Year Position with Opportunistic Entries.”

UBS upgrades Intercontinental to buy from neutral

UBS said the hotel company is “highly attractive.”

“We upgrade IHG to Buy from Neutral and raise our price target to $188 (from $157.65). IHG has one of the strongest long-term track records in global lodging, supported by a portfolio of leading brands, disciplined execution and a highly attractive asset-light model.”

Jefferies reiterates Oracle as buy

Jefferies lowered its price target on Oracle to $290 per share from $320.

“We like the setup despite a seasonally soft F1Q, with sentiment near peak- negative and most bad news priced in.”

JPMorgan downgrades Nio to neutral from overweight

The firm said its concerned about slowing vehicle deliveries.

“That said, mgmt’s lukewarm anticipation on 2H26 vehicle delivery reminds us of the primary challenges facing the broader PV market in China - sluggish demand (YTD -23%, 2027 flat to -5%) and hence a difficult pricing environment – both of which will weigh on Nio.”

Raymond James initiates Chemung Financial as outperform

Raymond James said the regional bank has plenty of upside.

“We initiate coverage of Chemung Financial with an Outperform rating and an $87 price target.”

Oppenheimer reiterates SpaceX as outperform

The firm raised its price target to $280 per share from $250 on SpaceX.

“AI revenues and use cases are accelerating faster than expected.”

Goldman Sachs upgrades Deutsche Bank to buy from neutral

Goldman said the banking giant is firing on all cylinders.

” Deutsche Bank is entering an era of higher profitability, driven by improving revenue momentum and positive operating leverage...”

Wells Fargo upgrades Matador Resources to overweight from equal weight

Wells said shares are compelling.

“We upgrade MTDR to OW from EW with a $77 PT.”

Jefferies initiates Materion as buy

Jefferies said in its initiation of Materion that the chemicals company has robust demand.

“Demand for high-performance engineered materials has accelerated with the surge in investment in capital-intensive, zero-tolerance industrial operations (e.g. data centers, defense, space).”

RBC upgrades OGE Energy to outperform from sector perform

RBC said the energy company has an attractive growth profile.

“We upgrade OGE to Outperform and raise our PT to $54, as we expect EPS growth to accelerate to ~10% CAGR.”

Jefferies initiates USA Rare Earth as buy

Jefferies said the critical minerals company is firing on all cylinders.

” USAR is building a fully vertically integrated, ex-China ‘mine-to-magnet’ rare earth elements (REEs) and permanent magnet platform — spanning mining, processing, metal-making, & magnet manufacturing.”

Wolfe initiates DraftKings and Flutter as outperform

The firm said both stocks are prediction market beneficiaries.

“The rise of prediction markets has increased competition but also expands wagering to states without legal online sports betting or iGaming. The biggest online gaming operators (DKNG/ FLUT) are well positioned to compete as prediction markets grow…and create opportunity for data firms like SRAD.”

Deutsche Bank upgrades SiriusXM to buy from hold

Deutsche said shares are undervalued.

“We believe SIRI is mispriced based on a large disconnect between consensus estimates and what we believe the company can achieve in 2027 and 2028.”

Cantor Fitzgerald initiates Tempus AI as overweight

Cantor said the health tech company is “trading Like a diagnostics lab” and is well positioned for AI.

“TEM is an AI-powered precision medicine data company with most of its upside coming from a single correction: The Street values Data & Applications like a life sciences data vendor, although its growth and margins more closely resemble a platform business.”

Jefferies initiates Almonty and Element Solutions as buy

Jefferies said the critical minerals company are best ideas.

“Our top picks in this cluster include Buy-rated ESI and ALM.”