Wells Fargo has initiated coverage of Johnson Controls with an overweight rating, citing a strong backlog and margin improvements that suggest above-average earnings growth. UBS has also initiated coverage of Chemed with a buy rating, emphasizing its attractiveness in the hospice and palliative services sector.
Mizuho maintains an outperform rating on SpaceX, noting strong pricing in its AI segment. Wolfe upgraded Fervo Energy to outperform, suggesting it is an appealing entry point in a new energy vertical. Citizens initiated Pursuit Attractions with a market outperform rating, while Barclays initiated Ligand Pharmaceuticals as overweight due to its unique offerings in biopharma royalties.
Needham initiated PDF Solutions as a buy, highlighting its potential for growth despite being a complex name. Canaccord is bullish on Merlin Labs, launching coverage with a buy rating and a price target of $7.50. Truist upgraded First Financial Bancorp to buy, anticipating benefits from rising interest rates.
Seaport reiterated a sell rating on Nvidia, citing concerns over capacity and competition. UBS upgraded Stem to buy, indicating a positive earnings outlook. StoneX initiated Viking Holdings with a buy rating, and Mizuho initiated Tower Semiconductor as outperform. HSBC upgraded BP to buy, expecting faster deleveraging.
Bernstein initiated CF Industries with an outperform rating and a price target of $162, while upgrading 3M to market perform based on margin expansion. Bank of America reiterated a buy on AMD, raising its price target significantly. Bernstein also maintained an outperform rating on Apple, despite concerns over rising memory costs.
JPMorgan initiated Genius Sports with an overweight rating, projecting a 40% upside. KeyBanc initiated Lumexa Imaging Holdings as overweight, citing compelling growth drivers. Barclays upgraded Humana to overweight, while Deutsche Bank reiterated buy ratings on Tesla and Meta, the latter with a raised price target.
Truist initiated Cardinal Infrastructure Group as buy, while Bank of America downgraded Nike to underperform, citing rising risks. Loop initiated Global Payments with a buy rating, and Needham initiated Wealthfront as buy, highlighting its unique position in the robo-advisory space.
Goldman Sachs reiterated a buy on Costco, lowering its price target slightly but maintaining confidence in the company's growth prospects