Here are the top demands on Wall Street on Wednesday: UBS upgrades Crescent Energy, UBS said it sees a compelling entry point. “We start with a buy rating and $13 PT on CRGY.” Morgan Stanley names FTAI Aviation as top pick Morgan Stanley says FTAI Aviation stock is the new top pick in the space sector. “Our highest-conviction ideas – FTAI in commercial aerospace, Northrop Grumman (NOC) in defense, and Hawkeye 360 (HAWK) in space technology – reflect what we believe to be the most attractive combination of long-term growth, revenue sustainability, and risk and reward across our scope.” Mr. Rosenblatt acquires fintech companies as undervalued and Mr. Rosenblatt initiates securitizations. “As a result, despite newly public SECZ’s dominant market share and unique native issuance capabilities, the stock had a tough debut (-36% last week), reflecting concerns about its ability to maintain its leadership position once TradFi leaders are motivated to protect their slice of the pie.” Wells Fargo, overweight Mr. Wells says it’s compelling as a biotech company, launches Farvalis. “We start PHVS on OW with a DCF-based $55 PT.” Benchmark opens Popular as Buy Benchmark said it sees fundamentals as improving. “We initiate coverage of BPOP with a buy rating and a price target of $201, at 12x FY27E, or above the company’s long-term average, reflecting the fundamental improvement we believe will continue.” Stevens says he likes the regional bank’s balance sheet and starts UMB Financial as Overweight. “UMB’s ability to continue to grow its balance sheet faster than its peers without compromising credit quality, and its contribution to peer-leading fee income, differentiates it from its competitors.” UBS begins acquisition of SM Energy UBS said it expects to improve return on capital. “We initiate coverage of SM with a Buy rating and $36 PT. Macquarie initiates UMC as the semiconductor company has outperformed Macquarie with a favorable position.” UMC is a semiconductor foundry focused on mature nodes. “We believe we are still in the early stages of an upcycle…” Citizens Open as FedEx Freight Outperform Citizens said FedEx Freight stock is attractive. “We also know that the company’s financial statements will make some strange comparisons in the near term as it moves from a May fiscal year to a December fiscal year in 2026. With that said, we believe we have enough knowledge to make an investment decision on the stock.” Bullish on FedEx stock “With the June 1 spin-off of FedEx Freight and the integration of the company’s Ground and Express networks expected to be largely completed in 2027, the housecleaning will be over and the company will move into growth mode with even stronger growth in its healthcare and B2B franchises.” Raymond James reiterated that NVIDIA is sticking with its stock price. Supply chains continue to uncover the strengths of accelerated platforms (i.e. AI machines), including increased demand/interest from the enterprise side and traditional servers. Broader availability of Nvidia Blackwell GPUs led to improved shipments, and supply chain testing during the quarter showed continued improvement.” Oppenheimer downgrades IBM’s results from outperform The company lowered its stock following Tuesday’s negative pre-announcement. It will take more time for the software bull theory to materialize. ” Read more. Piper Sandler upgrades Arthur J. Gallagher from neutral to overweight Piper said the insurer is firing on all cylinders. “Arthur J. Gallagher: A high-quality retail broker with M&A capabilities and a strong culture.” UBS reiterates SpaceX acquisition, UBS says “next big milestone” is July 16. “Starship’s 13th test flight is scheduled for 6:45 p.m. ET and, if successful, will build on the accomplishments of flight 12 and demonstrate further maturity of the rocket.” Deutsche Bank raises AMD’s price target to $700 per share from $670 per share ahead of “We expect AMD to showcase the durability of its CPUs and GPUs at an event that is likely to be more focused on technology than customers and finances.” Deutsche Bank reiterates its intention to acquire Tesla Deutsche Bank said ahead of next week’s earnings call that it was sticking with Tesla. “Following second-quarter deliveries of approximately 480,000 vehicles, which were significantly higher than expected, automotive gross profit margin excluding credit is modeled at 18.0%, which is still 120 bps lower than the previous quarter despite the significant increase in sales volumes quarter-over-quarter.” “From Q1 to Q2, we should see further gains in the quarter from volume growth and FSD monthly subscription growth.” Citi reiterates Microsoft acquisition Company lowers price target from $620 to $570 per share “We remain positive on MSFT, especially with positive checks on CoPilot, and we see the company as increasingly strategically positioned in an era of token spending and AI efficiency optimization.” There is plenty of upside. “We initiate coverage on Ring Energy (REI) with a Buy rating and $2.00/sh price target. REI, an E&P company primarily focused on Permian oil and gas production, said Canaccord acquired Deep Fission, saying the nuclear company’s stock still has room to operate.Deep Fission also relies on a mile-high water column to generate the 160 atmospheres of hydrostatic pressure it needs to operate.”Guggenheim said the arrangement to upgrade Digital Realty to acquire from neutral Guggenheim was constructive. “DLR has moved from Neutral to Buy and introduced a price target of $200 following pre-quiet period conversations with management and our view that it is advantageous to own a data center REIT with an existing footprint in an environment that is becoming increasingly difficult to build in.”The company reiterates that Mizuho is outperforming Palantir. Guggenheim said investors should buy on the weak. “At PLTR, we have regained momentum in the ongoing federal transaction and expect stronger performance in the U.S. commercial sector. We are upgrading NXT to Neutral Buy, with a $125 price target.” “In our view, the stock has recently fallen 33% from its all-time high, making it an attractive entry point for investors.” Morgan Stanley upgraded Cava from equal weight to overweight, calling it “standout” compared to its peers. “And while this is not a cheap stock despite recent weakness, on the growth side of our coverage, we upgrade most of the key KPIs (traffic growth, unit growth, new store performance, Morgan Stanley, Madison Square Garden Sports from equal weight to overweight). The firm said it sees many positive opportunities ahead for the New York Knicks and Rangers owners: “Upgrading MSGS to OW: NBA/NHL exposure, planned team split, upcoming tax changes, and 30-35% PMV discount create stronger short-term risk/reward.”
