Here are the biggest calls on Wall Street on Wednesday: Goldman Sachs reiterates Dell Technologies as buy Goldman says the stock remains attractive following earnings on Tuesday. “…[B]ut we remain Buy-rated and continue to see DELL shares as attractive given growing demand for AI servers, as well as the upcoming PC refresh.” JPMorgan upgrades Martin Marietta Materials to overweight from neutral JPMorgan says the building materials company is well positioned. “We believe MLM has attractive geographic exposure, with operations in states that could continue to outperform the country’s national average and that have attractive midterm growth potential.” JPMorgan reiterates HP Inc. as overweight JPMorgan says it’s standing by the stock following earnings on Tuesday. “The challenging near-term fundamentals for the PC market are already well understood, although HPQ is facing greater headwinds in relation to competitive pricing dynamics in the market as it attempts to pass through pricing to recover higher memory [chip] costs.” Piper Sandler reiterates Amazon as overweight The firm says it’s sticking with the e-commerce giant following a call with a logistics expert. “Following the call, we found ourselves optimistic about the margin trajectory for AMZN ahead.” Baird initiates Booking Holdings at outperform Baird says it’s bullish on the online travel company website. “We have a positive view of Booking’s business model, especially given today’s favorable global travel backdrop.” Baird initiates Expedia at outperform Baird says the online travel website company is well positioned. “Expedia’s business model has been transformed recently (unified brand strategy and fully integrated back-end technology); disruption has occurred, but the turnaround story is in process.” Daiwa reiterates Disney as buy Daiwa says it sees “streaming margin expansion” for the movie studo and theme park operator. “DIS stands out vs. peers in streaming revenues offsetting [declining] linear business.” Bank of America reiterates Datadog as buy The firm says the “long-term bull” thesis is intact. “Bottom line: We believe Datadog is going to continue delivering solid results. Reiterate Buy, raise PO to $175 (from $156) on our increasing confidence in Datadog’s execution ability.” Bank of America reiterates CrowdStrike as buy Bank of America says trends are improving for CrowdStrike following earnings on Tuesday. “The company continues to see solid demand, with the volatility mostly attributed to the mechanics of its customer retention program.” Bernstein reiterates Nvidia as outperform The firm says it’s sticking with its outperform rating on Nvidia . “The datacenter opportunity is enormous, and still early, with material upside still possible.” Citi upgrades Urban Outfitters to buy from neutral Citi upgraded the stock following earnings and says it likes the retailer’s execution. “We are upgrading URBN from Neutral to Buy and raising our TP from $42 to $59 following 3Q results that showed strong execution across the URBN portfolio.” UBS upgrades Dick’s Sporting Goods to buy from neutral UBS upgraded the sporting goods retailer following earnings and says the “risk-reward is firmly skewed to the upside.” “In a nutshell, our call is that DKS will generate more sustainable earnings growth moving forward than it has in the past.” HSBC downgrades CrowdStrike to hold from buy HSBC downgraded CrowdStrike following its earnings and says it sees “limited near-term visibility.” “We think that the near-term risks, the company’s stretched valuations and recent stock rally could limit further upside potential on the stock.” Bank of America reiterates Ford & General Motors as buy The firm says tariff risks remain low for Ford and GM. “The auto industry is one of the sectors most at risk from a new tariff regime. However, we believe the risk of implementation is lower than currently perceived.”
