Here are Wednesday’s biggest calls on Wall Street: D.A. Davidson initiates Take-Two as buy D.A. said the video game maker is best positioned with a slew of attractive releases. “We believe that TTWO can achieve record Net Bookings in the coming years (FY’26 and FY’27) as it releases some of its highly anticipated titles: Grand Theft Auto 6, Borderlands 4, Mafia: The Old Country, and Judas.” Jefferies initiates Stanley Black & Decker as buy Jefferies said the setup is compelling for the tool maker. ” SWK has orchestrated a comprehensive transformation since mid-’22 which substantially culminates in ’25, so execution risk from ‘heavy lifting’ is largely in the rearview.” Jefferies upgrades STMicroelectronics to buy from hold Jefferies said in its upgrade of STMicroelectronics that the semis company it’s an AI beneficiary. “We don’t expect further consensus estimate cuts, with growth forecast to accelerate from H2-25 on 1) normalisation post-inventory correction; 2) higher content in iPhone 17s from metasurface-based solutions; and 3) industrial demand recovery.” KBW upgrades Travelers to outperform from market perform KBW said shares of the insurance company have more room to run. “We think TRV’s scale and analytical advantages make it a valuable long-term holding for investors, but we expect rising earnings volatility and declining reserve releases to limit near-term upside.” Bank of America reiterates Apple as buy Bank of America said Apple may need to raise prices to offset any tariff impact. “We est. that Apple sells 50mn iPhones, 15mn iPads, and 10mn Macs in the U.S. per year. We assume that 100% of devices sold in the U.S. will be subject to a 10% tariff.” UBS reiterates Nvidia as buy UBS said it’s bullish heading into Nvidia earnings next week. “We expect a strong set of results with guidance that is in-line to better than FQ1 (April) investor bogeys of ~$42.5-43B for total revenue and ~$38.5B-39B for data center.” Wells Fargo reiterates Goldman Sachs as overweight Wells raised its price target on the stock to $720 per share from $680. “We increase our EPS estimates for Goldman Sachs to reflect better expected margins in all three business lines, and achievement of the mid-teens ROE and efficiency target (60%) in 2026, driven by expected pickup in capital markets activity.” Redburn Atlantic Equities initiates Salesforce and ServiceNow as buy The firm said Salesforce is “compelling.” The firm said it’s also bullish on ServiceNow. “Salesforce (new, Buy) is our top pick, where both its agent strategy and valuation look compelling. … .ServiceNow provides customers with a unified platform to access, manage and monitor enterprise processes, providing pre-built workflow tools and integrations to automate tasks across IT operations, HR and customer service.” Morgan Stanley reiterates CrowdStrike as overweight Morgan Stanley raised its price target on the stock to $429 per share from $390. “Our checks indicate a faster than expected recovery for CRWD post the July outage.” Morgan Stanley reiterates Visa as overweight The firm said the stock remains a top pick ahead of its investor day on Thursday. “Ahead of the Investor Day, we think investors are looking for Visa to provide medium-term targets for revenue growth of high-single to low-double-digit and Adj. EPS growth of low-double-digit to low-teens.” Bank of America upgrades Capital One to buy from neutral The firm said it sees “catalysts galore” for shares of Capital One . “A combination of Improving credit trends, pending acquisition-related revenue, and expense synergies as well as the potential for increased capital returns provide a cascade of catalysts that should excite investors and can provide near-term upside to Street estimates.” Evercore ISI adds a tactical outperform on Lowe’s Evercore ISI said it was sticking with its long term in-line rating on the stock, but that it was bullish heading into earnings next week. “We are adding LOW to our TAP Outperform list (positive tactical trading call) into 4Q24 earnings as we believe reaffirming guidance around their 1% comp base case from December’s analyst day will be well received given the wall of worries around higher rates, slipping pending home sales, and a plethora of macro uncertainties.”
