Here are the biggest calls on Wall Street on Wednesday:

Bank of America reiterates Apple as buy

Bank of America raises its price target to $270 per share from $260 following Tuesday’s iPhone event.

“The iPhone launch event went mostly as expected. Apple introduced new versions of iPhone, Watch and AirPods with enhanced functionality to make them even more integrated into our lives with more health features (heart rate sensing, hypertension notifications, sleep score), and functionality.”

Wells Fargo reiterates Nvidia as overweight

The bank says it’s sticking with the stock after it displayed its latest graphic processing unit chip at an AI conference.

“Our Overweight rating is based on our positive stance on NVIDIA’s competitive positioning in gaming GPUs and expanding growth opportunities in data center, HPC [high performance computing], and emerging / expanding AI opportunities (autonomous vehicles, healthcare, robotics, etc.).”

Wells Fargo reiterates Tesla as underweight

Wells says Tesla’s sales data remains weak.

“Available TSLA August sales data remains weak despite the end of IRA on Sept 30. Of the 3 major mkts we track, Aug TSLA deliveries are trending down 9% y/y, though 37% higher m/m.”

Morgan Stanley reiterates Meta Platforms as overweight

The firm says it’s sticking with the social media stock.

“Good news is pipeline here seems long. OW META with 11%/44% upside to base/bull”

Bank of America upgrades Oracle to buy from neutral

The firm raises its price target to $368 per share from $295 after Oracle reported its latest results.

“Also, Oracle’s leading position in database and applications could drive meaningful pull through of AI compute in a one stop shop solution.”

Bernstein upgrades Novo Nordisk to outperform from market perform

Bernstein says investors should buy the dip in the biopharma company.

“After two profit warnings, the market has almost fully capitulated. Although we cut our estimates, we still see an attractive obesity market opportunity for Novo, and upgrade to Outperform.”

TD Cowen upgrades Nike to buy from hold

TD Cowen says a turnaround is underway.

“Margin recovery is underappreciated in consensus estimates on a multiyear basis. Proprietary field work shows signs of Nike and Jordan improvement while share gain and brand heat from upstart peers are slowing.”

Morgan Stanley downgrades Trade Desk to equal weight from overweight

Morgan Stanley says it sees too many negative catalysts for the ad tech company.

“We were wrong about TTD’s growth durability, as trends in its core CTV [connected tv] business suggest mounting headwinds in ’25.”

Evercore ISI downgrades HP Inc. to in line from outperform

Evercore downgrades HP Inc., mainly on valuation.

“Our downgrade reflects the fact that the stock is trading around our price target of $29 and for us to see further upside we need to see a clear path to EPS/FCF numbers moving higher, but that is unlikely to happen in the near-term given a host of cross currents, in our view.”

RBC upgrades Newmont Mining to outperform from market perform

RBC says the gold miner company is in the midst of a turnaround.

“We upgrade Newmont to Outperform from Sector Perform and increase our target price to $95/sh from $66/sh.”