Here are the biggest calls on Wall Street on Wednesday:
Goldman is maintaining its neutral rating ahead of CoreWeave’s August 12 earnings.
“Since we launched coverage last April, CoreWeave’s financial profile has largely played out… quieting some of the most draconian bear cases.”
BoA cites delayed cost-cutting efforts and declining business volumes.
“Larger-than-expected SMB volume deceleration, Amazon business glide-down, and delayed cost takeout drive our downgrade.”
Loop remains bullish ahead of PLTR’s August 4 earnings.
“We expect another beat and raise, with revenue outperformance exceeding the 5-quarter average upside of 4.3%.”
Raises price targets: NVDA to $200 (from $170), AVGO to $338 (from $270).
“AI semi enthusiasm is justified by long-term strength… though near-term constraints remain.”
Suggests buying the dip despite high valuation.
“Recurring revenue, competitive position, and low tariff risk make ECL attractive for large-cap investors.”
BoA sees too many headwinds for the Danish drugmaker.
“Not enough visibility on growth; further pressures coming.”
Optimistic about accelerating margin expansion.
“Favorable organic growth and productivity gains position AON well for upside.”
Believes estimate revisions and organic growth will drive EPS gains.
“Positive revision trends support high single-digit EPS growth.”
UBS sees multiple positive catalysts.
“Price target set at $11 — nearly double current levels.”
Citi maintains Buy with $1,190 target.
“The setup for LLY shares looks very favorable in our view.”
Cites relative underperformance versus peers.
“PNC has lagged peers, up just 0.6% YTD.”
Advises buying the dip after significant underperformance.
“BRO shares down 26% since April, vs. S&P up 13% — a rare divergence.”
Positive outlook tied to the "One Big Beautiful Bill".
“The bill adds a $20.3B cumulative upside to AAPL's FCF forecast over 4 years.”
Encouraged by stabilization in U.S. comps and outlook.
“Q3 was messy, but signs point to improving narrative and Q4 compares.”
Cites IRA permanence and BBB bill support for geothermal.
“We’re becoming more constructive as ORA benefits from favorable legislation.”
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