Here’s the biggest voice on Wall Street Wednesday: Wells Fargo buys Boeing, Wells said at the start of the Boeing deal that he sees “compelling upside to free cash flow.” “We initiate coverage of BA with an Overweight rating as we expect a sharp recovery (in free cash flow) as production normalizes. Our $250 price target is based on a 20x FCF multiple for our 2028 forecast.” Baird launches Maten Transport, outperforms Baird says the transportation company’s stock is compelling. “Marten Transport is a multifaceted transportation and logistics company that operates across five major business platforms: temperature-sensitive trucking, dedicated contract transportation, dry van trucking, brokerage, and Mexico MRTN.” Benchmark launches acquisition of Microsoft Benchmark says the tech giant is a “huge company.” “We initiate coverage with a Buy rating and a $450 price target on Microsoft Corporation (MSFT), an artificial intelligence (AI) orchestration giant that empowers businesses and consumers through a comprehensive portfolio of digital applications, collaboration and communication tools, and cloud services. ” Berenberg says the stock is cheap, so Berenberg starts buying Mobileye. “We enter coverage on Mobileye with a buy rating and a price target of $9.30. Mobileye is a leading global supplier of camera-based advanced driver assistance systems (ADAS) technology and software, including its EyeQ system-on-chip (SoC) products.” HSBC said the robotaxi company is a share gainer and initiated HSBC’s acquisition of Pony AI. “Pony is the market leader, with more than 3,000 robotaxis planned by 2026.” Raymond James rates Disney to above-market performer The company says the stock’s valuation is attractive. “We upgrade Disney from market perform to outperform and set a price target of $115 as we view the current macro environment and international visitor headwinds as an opportunity to invest at a very attractive valuation.” Raymond James Upgrades United Health to Above Market Perform Raymond James said he believes there is an “attractive entry point.” “We upgrade UNH to an Outperform rating and set a new price target of $330, as we expect upside potential for earnings over the next few years, including 1) lower general and administrative expenses/revenue from announced AI initiatives, and 2) margin improvement at Optum Health due to higher risk margins, lower G&A expenses, and higher FFS margins.” Goldman Sachs upgrades PJT to buy from a neutral position Goldman says the investment firm is best-in-class. “PJT offers a strong full-cycle structural growth profile with best-in-class exposure to all three areas of continued strength and growth potential identified above. “Goldman Sachs launches Caris Life Sciences as Goldman claims the oncology diagnostics company is firing on all cylinders.” “We begin coverage on Caris Life Sciences (CAI) with a buy rating and a $27 price target, representing a 51% upside.” Cantor Fitzgerald reiterates Nvidia’s strong performance The company says it is bullish on its partnership with Marvell. “For NVIDIA, we see this announcement as an incremental positive as it allows NVIDIA new avenues to penetrate large-scale hyperscaler customers outside of traditional GPU computing.” HSBC Upgrades Wells Fargo and Bank of America from Hold Buy HSBC says both banks offer “scarce value.” “Our ‘buy’ rating on WFC is also supported by its subpar net interest income (NII) outlook, scope for retail banking profitability improvement, significant capital surplus, and attractive valuation. Regarding BAC, we feel that its leadership position across financial services businesses, above-average EPS growth prospects, and strong credit history are no longer adequately reflected in our valuation. ” Wells Fargo Adds Advanced Micro Devices to Tactical Ideas List Wells added the stock to its list of top ideas for the second quarter, saying it sees a number of positive catalysts. “We’re adding AMD to our list of tactical ideas for Q2 2026.” Bank of America Reiterates Marvell Acquisition Bank of America has raised its price target from $110 to $125 per share following the announcement of its partnership with NVIDIA. “On Tuesday morning, MRVL and NVDA announced a strategic partnership to enable heterogeneous AI infrastructure under the NVLink Fusion ecosystem.” Barclays to create Algonquin Power & Utilities, which Barclays claims is undervalued. “We think Algonquin is a compelling turnaround story.” Deutsche Bank to buy Ball Co. Deutsche Bank says it is a “worldwide pure-play business in sustainable aluminum packaging.” “Ball Corp is the world’s largest manufacturer of aluminum beverage can packaging, with operations in North and Central America, Europe and South America.” UBS acquires Sensient Technologies, which UBS claims has many benefits for the natural dye raw material company. “SXT is the largest producer of natural colors, with approximately 60% of sales going to North America. Adoption of natural colors will increase in the second half of 2026 as it meets its customer conversion target of early 2027. This will be a positive catalyst for the stock.” JPMorgan downgrades Nike from overweight to neutral JPMorgan lowers stock price following earnings. “…NKE has begun to realize early green shoots for its sports offense strategy in North America and the running category, but the balance of its portfolio, including international regions, continues to work to reset the market and sell-through results remain a challenge around the world, resulting in an extended timeline for this model to reach the revenue growth inflection point and return to double-digit operating margins.”Read more. Bank of America upgrades F1 to neutral buy, saying investors should buy on the edge. “We are upgrading FWONK stock from Neutral to Buy while maintaining our $105 PO. We believe there is a premium for a durable and visible business model like FWONK in a volatile macro and geopolitical environment.” Goldman Sachs Adds Carlyle and Citizens Financial to Top Picks List The firm added both stocks to its Conviction Buy list. “Adding Citizen Financial Group (CFG) and Carlyle Koss (CSL) to U.S. conviction list, Susquehanna takes a positive stance on Arista Networks. The company says Arista is well-positioned: “a leading networking OEM (original equipment manufacturer) brand and TAM across a diverse customer mix.” Piper Sandler upgrades nCino from Neutral to Overweight Piper said he was seeing “solid execution.” is a high-growth acquisitive US defense/space company with a 62% stake in Starlab (possible ISS replacement) and options through an emerging solid rocket motor (SRM) component franchise.” Jefferies upgrades to buy Ferrari from a neutral position. Jeffries said Ferrari has plenty of room to grow, adding: “Our upgrade to buyout is predicated on an HSD (high single digit) growth algorithm and updates that support incremental profit expansion.” Our alternative data is also supportive, given the easing pressure on range resale values and the strong valuation of specialty vehicles. We see the high-end equity premium rebuilding towards 50%, providing a compelling antidote to broader, macro-independent uncertainty. ”
