Here are the biggest calls on Wall Street on Wednesday: Citi upgrades Macerich to buy from neutral Citi says it sees "balance sheet strength" for the real estate investment trust company. "We are upgrading MAC to Buy from Neutral and raising our target price to $28 from $24." Citizens initiates Bitdeer Holdings and Mara Holdings as market outperform Citizens says the bitcoin miners have plenty more room to run. "We are launching coverage of Bitdeer Technologies , CleanSpark, Keel Infrastructure, and MARA Holdings, all with Market Outperform ratings as these companies are following the lead of others in repurposing existing power capacity once used for bitcoin mining to providing high performance compute capacity to hyperscale customers and other large enterprises." Mizuho initiates So-Gel Technologies as outperform Mizuho says the biotech company is well positioned. "We initiate coverage of Sol-Gel Technologies (SLGL) with an Outperform rating and a $285 price target." Goldman Sachs initiates Twilio as buy Goldman says it sees margin upside. "We initiate coverage of Twilio (TWLO) with a Buy rating and a 12-month price target of $300." Seaport reiterates Nvidia as sell Seaport says it's sticking with its sell rating on the stock. "We think the growing burden on (and off) Nvidia's balance sheet, as well as Broadcom's announcement that it is also joining the circular-financing boom, demonstrates that the industry faces mounting financing constraints. Put another way, the big suppliers need to step in because it is getting harder for the industry to finance the cost of construction." Berenberg initiates Barclays as buy Berenberg says it sees margin gains. " Barclays' returns story still has legs, in our view, and we see room for continued share outperformance versus the sector." Stifel initiates Blackberry as buy Stifel says shares are undervalued. "Despite the +130% YTD move, we believe the market still misdefines BlackBerry. This is no longer an auto-supplier story, but rather a mission-critical software layer in the physical AI stack and a dominant partner to silicon leaders like NVIDIA, Qualcomm, and AMD powering the build-out from cloud to edge, across cars, robots, factories, and medical devices." Read more. KeyBanc upgrades Nucor to overweight from sector weight KeyBanc says buy the dip in "compelling" Nucor. "We are upgrading NUE on a stronger 2H26 outlook..." Wells Fargo upgrades Invitation Homes to overweight from equal weight Wells says the real estate investment trust is firing on all cylinders. "INVH is now one of our top Resi picks into 2Q earnings. Spring leasing season has turned out better than feared, the ROAD to Housing Act will add more investment opportunities, & completed share repurchases position the company for a guidance bump." UBS reiterates Advanced Micro Devices as buy UBS raised its price target to $670 per share from $470. "We are incrementally more constructive on AMD as standalone CPU racks gain traction..." Read more. TD Cowen reiterates Arm as buy The firm raised its price target on the stock to $475 per share from $265. "We think ARM's $15B FY31 AGI CPU target is reasonable, though GPU:CPU attach and pricing per core remain the key variables. We are more constructive on the IP side than on Street chip expectations, where 15% share may be applied too mechanically to NVIDIA's $200B CPU TAM." RBC reiterates Tesla as outperform RBC says it's sticking with the stock ahead of Tesla delivery numbers. "We estimate Tesla deliveries of 405k in Q2/26, above the Visible Alpha consensus of 401k. We expect Tesla to report deliveries in the next two weeks." Needham reiterates Reddit as buy Needham says the company is unique. " RDDT has a rare competitive position in the marketplace, so it 'makes its own weather' (as AAPL would say), and it's largely immune from the Agentic maelstrom..." Stephens upgrades Varonis to overweight from equal weight Stephens says shares of the software company are undervalued. "We are upgrading shares of Varonis to Overweight (from Equal-Weight) and increasing our target price to $45 (from $33)..." BTIG initiates Take-Two Interactive as buy The firm says the video game company is firing on all cylinders. "We're launching coverage of Take-Two Interactive with a Buy rating and a $290 PT."
<small>Source: CNBC</small>
