Here are the loudest voices on Wall Street Thursday: JPMorgan launches ResMed for overweight sleep apnea company claims to be best in class. “RMD is a global leader in the obstructive sleep apnea (OSA) market, generating the majority of its revenue from CPAP devices and masks, but also has a portfolio of other respiratory health solutions and digital health businesses.” Evercore ISI reiterates that Nvidia has outperformed Evercore and says the stock remains a top idea. “We are buyers of NVDA. NVDA has underperformed SPX recently, and we believe this is due to three concerns: 1) DeepSeek lowering AI demand, 2) DeepSeek shifting AI computation cycles away from NVDA, and 3) Blackwell delays. Our channel checks refute the concerns.” Raymond James, Okta upgrades to outperform market performance Raymond James says the risk and reward are too attractive to ignore. “Recent conversations with our channel partners indicate that as AI begins to move from experimental to production in enterprise use cases, agents that previously used human identity security will now require their own identity security. We believe there is potential for significant TAM unit growth in Okta’s core markets as agents join the workforce.” Read more. BTIG launches Dick’s at buy BTIG says it’s bringing “product innovation and storytelling” to the sporting goods retailer. “We admire the business that Mr. Stack has built over the past several decades. We are impressed with the progress Mr. Stack and his team have made in evolving Dick’s Sporting Goods from a retail store to the largest omnichannel sports retailer in the United States.” JPMorgan upgrades Hamilton Lane from neutral to overweight JPMorgan said it views it as an “attractive” entry point for investment managers. “We are upgrading Hamilton Lane to an overweight rating from its previous neutral rating.” Citigroup downgrades Flutter from buy to sell Citi said it was concerned about slowing U.S. growth. “We are downgrading Flutter to sell (from buy), placing it on negative catalyst watch, and removing it from our European focus list…” Read more. JPMorgan upgrades Blackstone Mortgage from neutral to overweight JPMorgan says the commercial mortgage REIT has a strong track record. “We have upgraded BXMT’s rating to overweight (from neutral). The company has demonstrated a strong track record of earnings and consistent dividend coverage, supported by a fully scaled lending platform that drives efficiencies and unique opportunities in both capital raising and origination.” Mizuho downgrades PayPal’s rating from outperform to neutral Mizuho said the stock has a “scale disadvantage.” “We believe competitive and fundamental headwinds are increasing for PayPal/Venmo, prompting a move to neutral (from outperform) and a $50 PT reduction (from $60).” JPMorgan Reiterates Apple as Overweight The company says Apple is well-positioned heading into earnings later this month. “We are well-positioned for a multi-year AI upgrade cycle for the iPhone, with benefits that could extend to services and other devices.” Bank of America begins acquisition of Autoliv Bank of America says the auto safety systems company is a “structurally sound company.” “We begin coverage of Autoliv with a buy rating and a target price of $140.” KeyBank starts Kaiser Aluminum as overweight KeyBank says the aluminum company’s stock still has plenty of room to play. “We have initiated coverage of Kaiser Aluminum Corporation, a manufacturer of semi-fabricated specialty aluminum products for end markets characterized by demanding applications and high barriers to entry (approximately 70% of conversion revenue in packaging and aerospace/high-strength sectors), and have an Overweight rating and a price target of $170…” Evercore ISI echoes Tesla Evercore says cautious ahead of next week’s Tesla earnings ‘We see first-quarter EPS as follows’ 32-35 cents after first-quarter deliveries were 366,000 cons, below the buy-side of 365-375,000 at a disappointing 358,000 cents, but more importantly, energy storage equipment was 8.8 cents. GWh (-15% year-over-year, likely due to bad weather), this combo pushed the stock down -8% MTD and 20% year-to-date, topping the key technical level of $390. ” Mizuho launches FICO with Equifax, outperforms Mizuho says credit company is “persuasive.” “We are initiating coverage of Fair Isaac (FICO) with an Outperform rating ($1,416 PT, ~41% upside) and Equifax (EFX) with an Outperform rating ($222 PT, ~19% upside).” Rothschild & Co. Redburn upgraded Descartes Systems to Neutral Rothschild Acquisition, saying the multinational tech company has several positive catalysts ahead. “Descartes and WiseTech’s strength is underpinned by a multilateral network, providing customers with unparalleled access and flywheel effects.”Rothschild & Co. Redburn begins acquisition of Veon The company says the digital operator is a high-growth company. “We initiate coverage on VEON with a buy rating and a $74 target price.” UBS upgrades BP to buy from neutral UBS says it is bullish on the company’s new management. “We see BP’s new CEO Meg O’Neill at an important inflection point for the company. A prolonged high price environment is undoubtedly positive for the stock, but work remains to be done to regain investor confidence and reverse the 52% underperformance of peers since 2018.” BTIG upgrades FlyWire to neutral acquisition BTIG says the company is operating in a volatile macroeconomic environment. “We are upgrading FLYW to Buy at $17 PT. We believe there is an attractive risk/reward in a stock trading at 8x FY26E EV/EBITDA and a 7% FCF yield.” Wolfe launches CoreWeave, outperforms Wolfe says the company offers a differentiated product. “We believe CRWV is a neocloud that is best positioned to continue to expand capacity on a positive catalytic path in FY2026, and we believe its funding engine is a key differentiator that sets it apart from its peers. Launch OP.” Moffett Nathanson Reiterates Metaplatform as a Buy The company raised its price target on the stock. “We reiterate our Buy rating on Meta, but raise our price target by +$70 to $780.” JPMorgan downgrades Qualcomm from Overweight to Neutral JPMorgan downgraded Qualcomm stock, citing increased competition from companies such as Nvidia. “We plan to lower Qualcomm’s stock price given both the near-term headwinds and the increasingly competitive environment the company must face…”
