Here are the biggest voices on Wall Street Thursday: Morgan Stanley reasserts its equal weight with Tesla Morgan Stanley said its findings show Tesla is expanding its robotaxi business. “Our Alphawise data shows hiring of ‘AI safety operators’ is increasing in northern metropolitan areas, a sign Tesla is gearing up to expand its robotaxi business.” Nationals take on National Health Properties as market outperforms The Nationals said they are bullish on the seniors residential real estate investment trust. “NHP is executing a strategy consistent with its peers by increasing its exposure to SHOP (senior housing operating properties) to strengthen organic growth and support multiple expansions in valuation.” Bernstein reiterates that Nvidia is outperforming Bernstein said Nvidia remains well-positioned. “The data center opportunity is huge, but it’s still early days and there’s still significant upside potential.” Wolf reiterated Meta’s strong performance The company said it was bullish on Meta’s subscription service. “We are becoming progressively more positive and plan to revise our subscription revenue and OI forecasts to $16 billion and $13 billion by 2030.” Oppenheimer Upgrades Quanta Services to Outperform Earnings Oppenheimer said the company is in a unique position. “We have transferred coverage of Quanta Services (PWR) from Kansas City Capital, upgrading it from perform to outperform and setting a price target of $800 reflecting 35x and 30x 2026-27E adjusted EBITDA, respectively.” Wells Fargo Upgrades LyondellBasell to Overweight from Equal Weight Wells said the chemical company has momentum. “We upgrade LYB to OW as the commodity appears to still be positioned to benefit, with inflation concerns looming downstream and demand being destroyed.” Jefferies Upgrades Dominion to Buy-Hold Jefferies said it is bullish on the company’s merger with NextEra Energy. “Why now?NextEra We upgrade Dominion to Buy following the acquisition of Energy (NEE). This is not just a merger/arbitrage view where the spread is ‘too wide’. We see a positive upside bias towards a ~10x (14%) P/E premium. Buying D is like buying NEE, which is close to the average P/E given the ~6% spread.”Deutsche Bank reiterated its intention to acquire Marvell, as Deutsche Bank raised its price target from $120 to $240 per share following the results. “MRVL’s Q1 report/Q2 guide were both strong, with the company’s typically modest Q1 growth further reinforced by its Q2 ‘up’ as both quarters were driven by data center (DC) revenue. “read more. Bank of America reiterates its intention to acquire Snowflake. Following the results, the company raised its price target from $205 to $300 per share. “Snowflake reported strong results in Q1 2027, with product revenue, a key growth metric, up 34% year over year, accelerating 4 points from +30% in Q4 2026.” Barclays said the auto company’s stock is attractive and initiated CarGurus as Overweight. “Our OW ratings primarily reflect CARG’s attractive valuation and growth profile, and we expect the company to grow its paid dealer base and QARSD (average quarterly revenue per participating dealer) at a solid pace.” Baird enters ahead of Suncrete Baird said the concrete company is well-positioned to gain share. “Suncrete is a newly public pure-play ready-mix concrete business aimed at consolidating key growth markets in Sunbelt states.” Barclays said it remained firm on the company’s stock following Wednesday’s results and reiterated Salesforce as overweight. “In any case, I don’t know if Q1 will be the main catalyst for resolving the AI debate for CRM investors. To be sure, AI’s ARR remained strong (over $1 billion), but still small in the grand scheme of things. While Slack and AI’s performance looks strong, AI’s Tableau Mizuho reiterated that Micron is outperforming Mizuho and said Micron stock remains a top idea. “MU – repeats outperformance, raises forecast and PT to $1,150 from $800.” Mizuho reiterates that Dell is outperforming Mizuho raises price target. “We repeat the outperformance and raise PT to $350 (previously: $300), or ~23x F28E’s EPS, as we see DELL benefiting from increased Agentic AI servers with Vera-only racks that DELL may manufacture, a growing backlog of AI servers, and continued storage growth.” JP Morgan upgrades Dix from Neutral to Overweight JP Morgan upgraded the stock following the results. “Overall, DKS is operating at a high level and is well-positioned to benefit from wellness and sports trends, the 250th anniversary, the 2026 World Cup, and the 2028 Olympics.” BMO starts to outperform FedEx Freight BMO said the shipping company has strong free cash flow. “FDXF has the potential to outperform its peers in a flat environment with meaningful earnings and free cash flow (FCF) improvement in demand recovery if management implements step-changes in service levels.”Bank of America upgrades Agilent from equal weight to overweight.Bank of America upgraded the stock following the results. “We have updated our model to reflect Q2 results and upgraded Agilent (A) to buy from neutral on the back of solid F2Q beat.” BTIG begins acquisition of Absci Corp. BTIG said the biotech could be a “GLP-1 moment for hair removal.” “Absci Corporation is a clinical-stage biotechnology company that integrates generative AI and high-throughput biology to design novel protein therapeutics.” Susquehanna reiterated that Broadcom is positive, and Susquehanna raised its price target from $450 to $490 per share. “Broadcom will report earnings on Wednesday, June 3. We expect CY1Q results to improve on upside from both custom ASICs and AI networking.” Oppenheimer opens Sterling Infrastructure with an outperform rating The company said the infrastructure services company’s stock has more room to play. “We initiate coverage of Sterling Infrastructure (STRL) with an Outperform rating and a $950 price target, reflecting 34x and 25x 2026-27 adjusted EBITDA, respectively.”
