Here are the biggest calls on Wall Street on Wednesday. Bernstein initiates GE Vernova as outperform Bernstein says the stock has plenty of upside. "US gas has the opportunity to displace coal globally, thus helping to reduce emissions, while keeping electricity costs low in the US, and also providing firm, reliable power. For this reason, we are Outperform on GEV." Needham initiates NeoVolta as buy Needham says shares of the battery company have plenty more room to run. "We are initiating coverage of NeoVolta, Inc. (NASDAQ: NEOV) with a Buy rating and $8.00 PT." Bernstein reiterates Nvidia as outperform Bernstein says it's sticking with Nvidia shares. "The datacenter opportunity is enormous, and still early." Roth initiates Nano Nuclear Energy as buy Roth says the nuclear company is firing on all cylinders. " NANO Nuclear is introducing a differentiated MMR [micro modular reactor] as a solution to serve the opportunity relieving global power constraints." Goldman Sachs reinstates Allegiant as buy Goldman says it's bullish on the company's acquisition of Sun Country. "We are reinstating a rating on ALGT shares at Buy following the close of its acquisition of Sun Country in May with a $125 12-month price target, implying 31% upside. We believe the merger drives incremental, profitable growth opportunities into an improving industry competitive environment, with a unique fuel hedge, at an attractive valuation." Raymond James initiates Janus Living as strong buy Raymond James says the senior living REIT has plenty of upside. "We are initiating coverage on shares of JAN at Strong Buy with a price target of $34/share." MoffettNathanson reiterates Netflix as buy The firm lowered its price target but says it's sticking with the stock. "We maintain our Buy rating on Netflix but lower our price target by -$5 to $115..." Morgan Stanley downgrades ResMed to equal weight from overweight Morgan Stanley says it sees slowing growth for ResMed. "Looking ahead, our forecasts imply lower revenue growth reflecting the assumed re-entry of Philips into the US device market in 2027." Morgan Stanley upgrades Creditcorp to overweight from equal weight Morgan Stanley says Peru's political transition is good for the stock. "We upgrade BAP to OW as Peru's likely political transition improves the macro outlook, supporting confidence, credit growth, and ROE." Deutsche Bank reiterates Micron as buy Deutsche Bank raised its price target to $1,500 per share from $1,000 ahead of the company's earnings next week. "We are raising our MU estimates into the co's May-qtr report to reflect strengthening industry demand dynamics, as well as MU's soft pos-pre announcement last month, where management noted a strengthened financial outlook since its last earnings call." Read more. Rothschild & Co Redburn upgrades Lyft to buy from neutral The firm says shares are compelling at current levels. "Although Lyft does not have the same scale advantages as Uber, we argue that the ride-hailing market will always have room for at least one challenger." Bernstein reiterates Arm and Advanced Micro Devices as outperform and Intel as market perform Bernstein raised its price target on AMD to $600 per share from $525. The firm also raised its price target on Intel to $100 per share from $65. Further, Bernstein increased its price target on Arm to $500 per share from $300. "Raising Arm PT to $500, as Arm is the structural beneficiary of the renaissance of CPUs for agentic AI. ... Updating numbers, raising AMD and INTC PTs. Both companies should benefit from stronger (and more sustained) server demand, though AMD's products remain superior for now (and we believe they will continue their share gain." Morgan Stanley upgrades Charles River to overweight from equal weight Morgan Stanley says the life sciences company is well positioned. "With a strong uptick in biopharma funding beginning to transition into RFPs [request for proposal] and bookings, we think CRL is well positioned to benefit given its leading preclinical capabilities." Citi initiates Figma as buy Citi says the market is underestimating growth. "We initiate on Figma at a Buy/High risk rating with a $36 TP." Read more. Wolfe reiterates Tesla as peer perform Wolfe says it sees a "favorable" earnings setup for Tesla. " TSLA stock has continued to hold up well even as investors gravitate towards SPCX, with the market assuming increasing likelihood of an eventual TSLA/SPCX merger, which provides downside support." Citi reiterates Applied Materials, KLA Corp and Lam Research as buy Citi raised its price targets on several semi equipment companies on Wednesday. "We update our bull case WFE [wafer fab equipment] to $145B/$200B/$250B in 2026/27/28, align AMAT / LRCX / KLAC estimates to our revised WFE model, and lift PTs to $710/$450/$290 respectively as we roll forward our price targets based on CY28 earnings powers." BTIG upgrades MFA Financial to buy from neutral BTIG says the residential mortgage REIT is about to have an earnings inflection. "MFA has under-earned its dividend from a DE [distributable earnings] perspective over the past 5 quarters given the drag from the legacy residential transition loans." Oppenheimer initiates Middleby as outperform Oppenheimer says the food service company is a "pure play compounder." "Set to spin off its Food Processing (aka Midera Food Processing) on July 6th, we believe Middleby (MIDD) represents an interesting investment opportunity." JPMorgan reiterates Broadcom as overweight JPMorgan says investors should quickly accumulate shares. "We reiterate our OW rating on AVGO and would be aggressive buyers at current levels." Oppenheimer initiates BrightView as outperform The firm says the commercial landscaping company is a turnaround story. "We're initiating BrightView, the largest commercial landscaping provider in the US, with an Outperform rating." DA Davidson upgrades Wabash National to buy from neutral DA says it sees trailer demand increasing for the industrial company. "We hosted a group meeting with investors and WNC this week. Our takeaways were positive, leading us to upgrade the stock to BUY (from Neutral). WNC expressed increasing confidence that trailer demand can return to replacement levels in 2027, following recent conversations with customers and the exit of some capacity from the freight market."
<small>Source: CNBC</small>
