Here are Thursday’s biggest calls on Wall Street: BMO initiates TransUnion as outperform BMO said the credit bureau company is a best idea. “We are initiating coverage of TransUnion (TRU) with an Outperform rating as our top pick amongst our Information Services coverage.” Guggenheim initiates Equinix as buy Goldman said shares are compelling at current levels. “We are initiating research coverage of Equinix, Inc. with a Buy rating and a price target of $933 per share. We believe that the stock’s recent decline has provided investors with an attractive buying opportunity.” Goldman Sachs initiates Lam Research and Seagate as buy Goldman said it sees “stable” revenue for stocks like Lam Research and Seagate. “On one hand, the market outside China has been in a clear, shallow downcycle since 2022; China has kept the Semi Cap sector in a slow-growth mode over this period. Although we see more downside than upside risks, we think ‘stable’ revenue through 2026 is the most likely outcome.” Goldman Sachs initiates Nvidia and Broadcom as buy Goldman said Nvidia and Broadcom are extremely well positioned. “Although monetization has been elusive, we see early signs of incremental revenue and much clearer evidence of cost takeout to justify these investments – and we believe AI CapEx can sustain growth from current levels.” Read more. Deutsche Bank initiates Micron as buy Deutsche said it sees an attractive setup for the stock. “We are launching coverage of Micron with Buy rating and $150 price target. We are constructive on both the cyclical and secular setup facing Micron.” Deutsche adds a catalyst call buy on First Solar Deutsche said First Solar is a Big Beautiful bill beneficiary. “US policy has been a key discussion for the Solar and Clean Tech space in the last several months, with lots of moving pieces and changes since Liberation Day on April 9th and the announcements of many tariffs. We also had heightened uncertainty on the IRA, which has now been clarified with the ‘One Big Beautiful Bill’ voted for on July 3rd.” Goldman Sachs initiates Texas Instruments as buy Goldman said the company is “positioned for a strong recovery in FCF/share during the cyclical recovery.” “We initiate on Texas Instruments (TXN) with a Buy rating and a 12-month target price of $255.” Goldman Sachs upgrades McDonald’s to buy from neutral Goldman said it sees “product innovation and value offerings.” “We upgrade MCD to Buy from Neutral with our $345, 12-m price target suggesting 18% upside (20% total return). With the increase in pressure on the lower income consumer, we have observed a heightened focus by LSR [limited service restaurants] brands on product innovation and value offerings. Wells Fargo reiterates Tesla as underweight Wells said it’s standing by its underweight rating on Tesla. “We see moderating delivery growth driven by lower demand & diminished return on price cuts.” Bernstein initiates Amrize as outperform Bernstein said it’s bullish on shares of the construction company. “We are initiating coverage on Amrize with an Outperform rating and a target price of $62.” Baird upgrades Trex to outperform from neutral Baird said in its upgrade of Trex that it sees “sell-through stability” for the building products company. “Our Q2 checks showed modest sell-out growth, comparable to Q1 levels, with consumer interest remaining slightly positive on a net basis.” KeyBanc upgrades Roku to overweight from sector weight KeyBanc said Roku is benefitting from a “combination of secular drivers, monetization initiatives, and an expense ‘self-help’ story.” “We are upgrading shares of ROKU to Overweight with a $115 PT as we believe: 1) the combination of budget shift and ad innovation is creating multiyear tailwinds; 2) Roku’s partnership strategy can sustain Platform growth;” Read more . Piper Sandler upgrades Oracle to overweight from neutral Piper said it sees rising enterprise demand. “ORCL : Upgrade to OW; Enterprise adds another leg to OpenAI growth.” Evercore ISI reiterates Alphabet as outperform Evercore said Alphabet is a top pick at the firm. “We viewed Q1 EPS results as Very Solid. Revenue and Operating Income results came in modestly better than expected, and Fundamental trends were nicely positive – organic revenue growth acceleration and operating margin expansion. And we think the setup for Q2 is similar.” Bank of America reiterates Meta as buy Bank of America raised its price target on the stock to $765 per share from $690. ” Meta has made an investment of $3.5bn to acquire ~3% stake in EssilorLuxottica, parent company of Ray-Ban and Oakley, signaling a deeper and longer-term partnership to develop smart glasses. Also, Meta would be able to participate (somewhat) in any smart glasses sales driven appreciation in the stock.” Telsey reiterates Amazon as outperform Telsey said early indications are that Amazon Prime Day is boosting the company’s value/ “We expect Amazon to continue to gain market share by leveraging its sticky customer base.” Deutsche Bank initiates Cinemark as buy Deutsche initiated the movie theater company with a buy and said it’s “well-positioned to continue growing its box office due to its unique US and Latin American footprint.” “We are initiating coverage of Cinemark with a Buy rating and $36 price target.” HSBC upgrades Advanced Micro Devices to buy from hold The firm said AMD is “back in the AI game.” “We highlighted in our 8 January note, Downgrade to Reduce that AMD could see weaker FY26e AI revenue outlook as the AI GPU roadmap seemed less competitive. However, we now believe there could be significant upside to FY26e AI revenue as our revised forecast of USD15.1bn is now 57% above consensus forecasts of USD9.6bn driven by a higher-than-expected pricing premium of its recent MI350 series launch.” Citi upgrades Carlyle Group to buy from neutral Citi said it sees upside potential for the investment bank. “We are upgrading CG to Buy from Hold and raising forward estimates to reflect an improved fundraising outlook given increasing momentum across 1) credit, 2) insurance, 3) private wealth, and 4) AlpInvest (investment solutions).” Wedbush reiterates Palantir as outperform Wedbush said the bull thesis is playing out for the stock. “We are raising our price target on Palantir to $160 from $140 as our recent checks and growing confidence in the company’s AI strategy is key to the bull thesis on Palantir playing out for the next 12 to 18 months.” Read more . Morgan Stanley reiterates Netflix as overweight Morgan Stanley raised its price target on the stock to $1,450 per share from $1,200. “Gen AI tools and the scale to invest behind these tools could meaningfully reduce production costs for Netflix – content capital spending represents its single largest cost.” Needham downgrades CoreWeave to hold from buy Needham downgraded the stock on valuation. “We have updated our 2026 and 2027 estimates to reflect adjustments related to the transaction. However, with CRWV currently trading at 41x our ’26 EBIT, we believe valuation is full and downgrade to Hold.” Wells Fargo upgrades Synovus to overweight from equal weight Wells said it sees earnings growth for the commercial banking company. “Upgrading SNV to Overweight and increasing PT to $62 (from $50), as we look for earnings growth to benefit from 1) fixed asset repricing, 2) accelerating loan growth, 3) hedge maturities, and 4) expense control.” H.C. Wainwright downgrades Coinbase to sell from buy The firm downgraded Coinbas e valuation. “We are double-downgrading shares to an out-of-consensus Sell rating from our previous Buy rating on valuation.” TD Cowen downgrades Lockheed Martin to hold from buy TD Cowen said it sees execution challenges for the stock. “We’re downgrading our rating on LMT’ s stock to Hold from Buy, with a $480 PTThe stock may remain range-bound for 1+ year given F-35 overhangs (26% of sales/EPS), execution challenges elsewhere, & a lack of upward estimate revisions.”
