On Thursday, several major Wall Street firms released their latest calls on a variety of stocks, signaling movements and trends across different sectors.
Goldman Sachs reiterated its “Buy” ratings on tech giants Apple and Dell, citing their potential to benefit from the growing interest in autonomous AI agents. The firm noted that the demand for PC hardware has been positively influenced by platforms like OpenClaw, which has led them to view Apple, Dell, and HP’s premium PC segments as well-positioned to capitalize on this trend.
Needham initiated coverage of Abercrombie & Fitch with a “Buy” rating and a target price of $108. The firm highlighted signs of stabilizing fundamentals following a challenging fiscal year in 2025, suggesting that the stock now presents an attractive opportunity. Additionally, Needham also launched Wolverine Worldwide with a “Buy” rating, setting a price target of $21. The firm believes the company’s running brand, Saucony, has significant growth potential due to increased brand awareness and a solid performance in the running category.
Daiwa initiated coverage on Spotify Technology with an “Outperform” rating and established a price target of $535, emphasizing the firm’s expectations for steady revenue growth. Meanwhile, Jefferies upgraded Somnigroup International from “Hold” to “Buy,” encouraging investors to take advantage of what it views as a dip in the stock price, which has fallen approximately 17% since the onset of conflict in Iran.
In the banking sector, Jefferies initiated “Buy” ratings for Bank of America, Wells Fargo, and Citi, with Wells Fargo emerging as a top pick due to anticipated growth following the removal of its regulatory asset cap in June 2025.
Morgan Stanley upgraded LatAm Airlines to “Overweight,” noting the airline’s strong position to handle fluctuations in oil prices. The firm also upgraded STMicroelectronics, signaling optimism about the company’s growth in data centers. Meanwhile, Arm was upgraded by Needham to “Buy” status in reflection of its strategic moves in the silicon market.
Investors saw mixed signals from Bernstein, which downgraded Qualcomm to “Market Perform” citing concerns over memory headwinds. In contrast, Mizuho initiated coverage on Tyson Foods as “Outperform,” predicting structural growth in protein demand, while JPMorgan downgraded Scotts Miracle-Gro to “Neutral” due to uncertainties in raw material costs.
UBS made several adjustments, downgrading Mosaic to “Neutral” and Nutrien to “Sell” as they expressed concerns over challenges stemming from the Middle East tensions. Conversely, UBS upgraded Nucor to “Buy,” asserting that U.S. steel producers are largely insulated from the ongoing conflict.
JPMorgan also launched coverage of Murphy USA with an “Overweight” rating, pointing to potential tailwinds from fluctuating fuel prices. William Blair downgraded Adobe to “Market Perform,” highlighting concerns regarding competition in its core Creative Cloud products.
Jefferies began coverage of Robinhood with a “Buy” rating, citing the company’s unique appeal to the next generation of investors. Citi initiated coverage of Exelon with a “Buy” rating, emphasizing the utility company’s prospective earnings growth.
Rothschild & Co Redburn upgraded Wabtec to “Buy,” viewing the current stock price as an attractive entry point, while Morgan Stanley upgraded Equity Residential to “Overweight,” suggesting continued growth opportunities in urban markets.
Lastly, Wells Fargo initiated coverage of Rush Street Interactive with an “Overweight” rating, recognizing its strong positioning in the iGaming sector, and upgraded United Foods to “Overweight”, optimistic about its progress in the organic food market. Guggenheim also ventured into new territory by initiating coverage on Cava with a “Buy” rating, pointing to its favorable growth outlook.
