Here are Friday's biggest calls on Wall Street: Wells Fargo initiates Johnson Controls as overweight Wells said the company is a "self help" story. "We initiate at Overweight on JCI, which has graduated to the HVAC 'haves': record backlog, DC-led orders, self-help on margins provide visibility to above-average EPS growth." UBS initiates Chemed as buy UBS said the hospice and palliative services company is attractive at current levels. "We initiate coverage of Chemed (CHE) with a Buy rating." Mizuho reiterates SpaceX as outperform Mizuho said it sees more upside. "AI segment pricing looks hot. Recent third-party pricing actions strengthen our confidence that SPCX can sustain premium compute pricing as it brings incremental capacity to market." Wolfe upgrades Fervo Energy to outperform from peer perform Wolfe said Fervo shares are intriguing. "We see the current price as an attractive entry point for the leading player in an exciting new power vertical" Citizens initiates Pursuit Attractions as market outperform Citizens said the attractions and lodges company is compelling. "Initiating coverage on Pursuit Attractions and Hospitality with a Market Outperform rating." Barclays initiates Ligand Pharmaceuticals as overweight Barclays said the company has a unique offering. " LGND i s a differentiated company focused on aggregating biopharma royalties." Needham initiates PDF Solutions as buy Needham said the semis analytics company has plenty more room to run. " PDFS is not a well-understood name, because what they do is hard, and understanding what they do is even harder." Canaccord initiates Merlin as buy Canaccord said it's bullish on the autonomous flight tech company. "We are launching coverage on Merlin Labs with a BUY rating and a $7.50 price target." Truist upgrades First Financial Bancorp to buy from hold The firm said it's a beneficiary of rising rates. "We are upgrading First Financial (FFBC) to Buy, as we see mid to high single digit upside to consensus as rising rates filter in." Seaport reiterates Nvidia as sell Seaport said it's standing by its sell rating. "We remain cautious on Nvidia. They have no easy way to surprise to the upside - limited by TSMC capacity and the law of large numbers. And time is not on their side, the competition is growing, to the point that Nvidia is now leaning heavily on its balance sheet and a bundling of its products to drive numbers." UBS upgrades Stem to buy from neutral UBS said the AI software company is at an "earnings inflection." "We upgrade STEM to Buy from Neutral as 2Q26 provided the clearest evidence to date that the company's software-centric strategy is producing a sustainable earnings inflection." StoneX initiates Viking Holdings as buy StoneX said the company is a "distinctive luxury travel platform." "We initiate coverage of Viking with a Buy rating and a $99 price target." Mizuho initiates Tower Semiconductor as outperform Mizuho said the stock is a "foundry leader." "We are initiating TSEM at Outperform with a $300PT." HSBC upgrades BP to buy from hold HSBC said the stock will "deleverage faster." "We expect BP t o deleverage faster than we previously forecasted and be less reliant on asset disposals." Bernstein initiates CF Industries as outperform Bernstein said the stock is "quality compounding." "We initiate coverage of CF Industries (CF) with an Outperform rating and a Price Target of $162, 34% upside." Bernstein upgrades 3M to market perform from underperform Bernstein said it sees margin expansion. "We are upgradin g 3M to Market-Perform based on a refreshed understanding of the transformation." Bank of America reiterates Advanced Micro Devices as buy The firm raised its price target on top pick AMD. "Reit AMD Buy, top CPU pick, raise CY27/28E ests. +2-3%; PO to $720 (from $620) on 30x CY28PE (27x prior) reflecting higher CPU ASPs from agentic mix." Bernstein reiterates Apple as outperform The firm said it's sticking with its buy rating but has margin concerns. "Apple's recent product release didn't disappoint but given rising memory costs, concerns linger on what this means for gross margins in the December quarter." JPMorgan initiates Genius Sports as overweight JPMorgan said the sports data and adtech platform is firing on all cylinders. "We are initiating on Genius Sports (GENI) at OW with a Dec 2027 price target of $8, ~40% upside from current levels." Read more. KeyBanc initiates Lumexa Imaging Holdings as overweight KeyBanc said shares of Lumexa are compelling. "Powerful growth drivers. ... .LMRI's stock currently trades for ~7x forward EBITDA vs. comps near 10-15x+." Barclays upgrades Humana to overweight from equal weight Barclays said Humana shares are too attractive to ignore. "Tactically, we find the setup particularly compelling..." Deutsche Bank reiterates Tesla as buy Deutsche said it's standing by its buy rating. " Tesla stock continues to face many cross currents. While 3Q deliveries are tracking softer than expected, we would not expect the stock to move too much outside the extremes." Deutsche Bank reiterates Meta as buy Deutsche raised its price target on Meta to $820 per share from $750. "Muse has taken off electrically, tracking far ahead of recent app launches within the AI space." Truist initiates Cardinal Infrastructure Group as buy Truist said the infrastructure company is a long-term growth story. "We initiate Buy on CDNL with a $40 PT. The stock was recently hurt by 1) the 'data center trade' stock correction despite CDNL's limited exposure & 2) weak 2Q26 earnings after its June equity offering." Bank of America downgrades Nike to underperform from neutral Bank of America said the risks are "rising." "We see downside risk to EPS estimates and valuation as Nike's innovation continues to be overshadowed by a pressured classics business, while category and macro pressures build." Loop initiates Global Payments as buy Loop said the payments company has plenty of upside. "Initiating Global Payments with a BUY rating and $137 PT..." Needham initiates Wealthfront as buy Needham said the company has a "genuinely differentiated" platform. " WLTH is currently the only public pure-play robo-advisor." Goldman Sachs reiterates Costco as buy Goldman lowered its price target on Costco f ollowing earnings to $1,134 per share from $1,159 but says it's sticking with the stock. "The company is well positioned to benefit from younger members and additional 3P [third party] delivery options."

Here are Friday's biggest calls on Wall Street: Wells Fargo initiates Johnson Controls as overweight Wells said the company is a "self help" story. "We initiate at Overweight on JCI, which has graduated to the HVAC 'haves': record backlog, DC-led orders, self-help on margins provide visibility to above-average EPS growth." UBS initiates Chemed as buy UBS said the hospice and palliative services company is attractive at current levels. "We initiate coverage of Chemed (CHE) with a Buy rating." Mizuho reiterates SpaceX as outperform Mizuho said it sees more upside. "AI segment pricing looks hot. Recent third-party pricing actions strengthen our confidence that SPCX can sustain premium compute pricing as it brings incremental capacity to market." Wolfe upgrades Fervo Energy to outperform from peer perform Wolfe said Fervo shares are intriguing. "We see the current price as an attractive entry point for the leading player in an exciting new power vertical" Citizens initiates Pursuit Attractions as market outperform Citizens said the attractions and lodges company is compelling. "Initiating coverage on Pursuit Attractions and Hospitality with a Market Outperform rating." Barclays initiates Ligand Pharmaceuticals as overweight Barclays said the company has a unique offering. " LGND i s a differentiated company focused on aggregating biopharma royalties." Needham initiates PDF Solutions as buy Needham said the semis analytics company has plenty more room to run. " PDFS is not a well-understood name, because what they do is hard, and understanding what they do is even harder." Canaccord initiates Merlin as buy Canaccord said it's bullish on the autonomous flight tech company. "We are launching coverage on Merlin Labs with a BUY rating and a $7.50 price target." Truist upgrades First Financial Bancorp to buy from hold The firm said it's a beneficiary of rising rates. "We are upgrading First Financial (FFBC) to Buy, as we see mid to high single digit upside to consensus as rising rates filter in." Seaport reiterates Nvidia as sell Seaport said it's standing by its sell rating. "We remain cautious on Nvidia. They have no easy way to surprise to the upside - limited by TSMC capacity and the law of large numbers. And time is not on their side, the competition is growing, to the point that Nvidia is now leaning heavily on its balance sheet and a bundling of its products to drive numbers." UBS upgrades Stem to buy from neutral UBS said the AI software company is at an "earnings inflection." "We upgrade STEM to Buy from Neutral as 2Q26 provided the clearest evidence to date that the company's software-centric strategy is producing a sustainable earnings inflection." StoneX initiates Viking Holdings as buy StoneX said the company is a "distinctive luxury travel platform." "We initiate coverage of Viking with a Buy rating and a $99 price target." Mizuho initiates Tower Semiconductor as outperform Mizuho said the stock is a "foundry leader." "We are initiating TSEM at Outperform with a $300PT." HSBC upgrades BP to buy from hold HSBC said the stock will "deleverage faster." "We expect BP t o deleverage faster than we previously forecasted and be less reliant on asset disposals." Bernstein initiates CF Industries as outperform Bernstein said the stock is "quality compounding." "We initiate coverage of CF Industries (CF) with an Outperform rating and a Price Target of $162, 34% upside." Bernstein upgrades 3M to market perform from underperform Bernstein said it sees margin expansion. "We are upgradin g 3M to Market-Perform based on a refreshed understanding of the transformation." Bank of America reiterates Advanced Micro Devices as buy The firm raised its price target on top pick AMD. "Reit AMD Buy, top CPU pick, raise CY27/28E ests. +2-3%; PO to $720 (from $620) on 30x CY28PE (27x prior) reflecting higher CPU ASPs from agentic mix." Bernstein reiterates Apple as outperform The firm said it's sticking with its buy rating but has margin concerns. "Apple's recent product release didn't disappoint but given rising memory costs, concerns linger on what this means for gross margins in the December quarter." JPMorgan initiates Genius Sports as overweight JPMorgan said the sports data and adtech platform is firing on all cylinders. "We are initiating on Genius Sports (GENI) at OW with a Dec 2027 price target of $8, ~40% upside from current levels." Read more. KeyBanc initiates Lumexa Imaging Holdings as overweight KeyBanc said shares of Lumexa are compelling. "Powerful growth drivers. ... .LMRI's stock currently trades for ~7x forward EBITDA vs. comps near 10-15x+." Barclays upgrades Humana to overweight from equal weight Barclays said Humana shares are too attractive to ignore. "Tactically, we find the setup particularly compelling..." Deutsche Bank reiterates Tesla as buy Deutsche said it's standing by its buy rating. " Tesla stock continues to face many cross currents. While 3Q deliveries are tracking softer than expected, we would not expect the stock to move too much outside the extremes." Deutsche Bank reiterates Meta as buy Deutsche raised its price target on Meta to $820 per share from $750. "Muse has taken off electrically, tracking far ahead of recent app launches within the AI space." Truist initiates Cardinal Infrastructure Group as buy Truist said the infrastructure company is a long-term growth story. "We initiate Buy on CDNL with a $40 PT. The stock was recently hurt by 1) the 'data center trade' stock correction despite CDNL's limited exposure & 2) weak 2Q26 earnings after its June equity offering." Bank of America downgrades Nike to underperform from neutral Bank of America said the risks are "rising." "We see downside risk to EPS estimates and valuation as Nike's innovation continues to be overshadowed by a pressured classics business, while category and macro pressures build." Loop initiates Global Payments as buy Loop said the payments company has plenty of upside. "Initiating Global Payments with a BUY rating and $137 PT..." Needham initiates Wealthfront as buy Needham said the company has a "genuinely differentiated" platform. " WLTH is currently the only public pure-play robo-advisor." Goldman Sachs reiterates Costco as buy Goldman lowered its price target on Costco f ollowing earnings to $1,134 per share from $1,159 but says it's sticking with the stock. "The company is well positioned to benefit from younger members and additional 3P [third party] delivery options."

Here are Friday's biggest calls on Wall Street: Wells Fargo initiates Johnson Controls as overweight Wells said the company is a "self help" story. "We initiate at Overweight on JCI, which has graduated to the HVAC 'haves': record backlog, DC-led orders, self-help on margins provide visibility to above-average EPS growth." UBS initiates Chemed as buy UBS said the hospice and palliative services company is attractive at current levels. "We initiate coverage of Chemed (CHE) with a Buy rating." Mizuho reiterates SpaceX as outperform Mizuho said it sees more upside. "AI segment pricing looks hot. Recent third-party pricing actions strengthen our confidence that SPCX can sustain premium compute pricing as it brings incremental capacity to market." Wolfe upgrades Fervo Energy to outperform from peer perform Wolfe said Fervo shares are intriguing. "We see the current price as an attractive entry point for the leading player in an exciting new power vertical" Citizens initiates Pursuit Attractions as market outperform Citizens said the attractions and lodges company is compelling. "Initiating coverage on Pursuit Attractions and Hospitality with a Market Outperform rating." Barclays initiates Ligand Pharmaceuticals as overweight Barclays said the company has a unique offering. " LGND i s a differentiated company focused on aggregating biopharma royalties." Needham initiates PDF Solutions as buy Needham said the semis analytics company has plenty more room to run. " PDFS is not a well-understood name, because what they do is hard, and understanding what they do is even harder." Canaccord initiates Merlin as buy Canaccord said it's bullish on the autonomous flight tech company. "We are launching coverage on Merlin Labs with a BUY rating and a $7.50 price target." Truist upgrades First Financial Bancorp to buy from hold The firm said it's a beneficiary of rising rates. "We are upgrading First Financial (FFBC) to Buy, as we see mid to high single digit upside to consensus as rising rates filter in." Seaport reiterates Nvidia as sell Seaport said it's standing by its sell rating. "We remain cautious on Nvidia. They have no easy way to surprise to the upside - limited by TSMC capacity and the law of large numbers. And time is not on their side, the competition is growing, to the point that Nvidia is now leaning heavily on its balance sheet and a bundling of its products to drive numbers." UBS upgrades Stem to buy from neutral UBS said the AI software company is at an "earnings inflection." "We upgrade STEM to Buy from Neutral as 2Q26 provided the clearest evidence to date that the company's software-centric strategy is producing a sustainable earnings inflection." StoneX initiates Viking Holdings as buy StoneX said the company is a "distinctive luxury travel platform." "We initiate coverage of Viking with a Buy rating and a $99 price target." Mizuho initiates Tower Semiconductor as outperform Mizuho said the stock is a "foundry leader." "We are initiating TSEM at Outperform with a $300PT." HSBC upgrades BP to buy from hold HSBC said the stock will "deleverage faster." "We expect BP t o deleverage faster than we previously forecasted and be less reliant on asset disposals." Bernstein initiates CF Industries as outperform Bernstein said the stock is "quality compounding." "We initiate coverage of CF Industries (CF) with an Outperform rating and a Price Target of $162, 34% upside." Bernstein upgrades 3M to market perform from underperform Bernstein said it sees margin expansion. "We are upgradin g 3M to Market-Perform based on a refreshed understanding of the transformation." Bank of America reiterates Advanced Micro Devices as buy The firm raised its price target on top pick AMD. "Reit AMD Buy, top CPU pick, raise CY27/28E ests. +2-3%; PO to $720 (from $620) on 30x CY28PE (27x prior) reflecting higher CPU ASPs from agentic mix." Bernstein reiterates Apple as outperform The firm said it's sticking with its buy rating but has margin concerns. "Apple's recent product release didn't disappoint but given rising memory costs, concerns linger on what this means for gross margins in the December quarter." JPMorgan initiates Genius Sports as overweight JPMorgan said the sports data and adtech platform is firing on all cylinders. "We are initiating on Genius Sports (GENI) at OW with a Dec 2027 price target of $8, ~40% upside from current levels." Read more. KeyBanc initiates Lumexa Imaging Holdings as overweight KeyBanc said shares of Lumexa are compelling. "Powerful growth drivers. ... .LMRI's stock currently trades for ~7x forward EBITDA vs. comps near 10-15x+." Barclays upgrades Humana to overweight from equal weight Barclays said Humana shares are too attractive to ignore. "Tactically, we find the setup particularly compelling..." Deutsche Bank reiterates Tesla as buy Deutsche said it's standing by its buy rating. " Tesla stock continues to face many cross currents. While 3Q deliveries are tracking softer than expected, we would not expect the stock to move too much outside the extremes." Deutsche Bank reiterates Meta as buy Deutsche raised its price target on Meta to $820 per share from $750. "Muse has taken off electrically, tracking far ahead of recent app launches within the AI space." Truist initiates Cardinal Infrastructure Group as buy Truist said the infrastructure company is a long-term growth story. "We initiate Buy on CDNL with a $40 PT. The stock was recently hurt by 1) the 'data center trade' stock correction despite CDNL's limited exposure & 2) weak 2Q26 earnings after its June equity offering." Bank of America downgrades Nike to underperform from neutral Bank of America said the risks are "rising." "We see downside risk to EPS estimates and valuation as Nike's innovation continues to be overshadowed by a pressured classics business, while category and macro pressures build." Loop initiates Global Payments as buy Loop said the payments company has plenty of upside. "Initiating Global Payments with a BUY rating and $137 PT..." Needham initiates Wealthfront as buy Needham said the company has a "genuinely differentiated" platform. " WLTH is currently the only public pure-play robo-advisor." Goldman Sachs reiterates Costco as buy Goldman lowered its price target on Costco f ollowing earnings to $1,134 per share from $1,159 but says it's sticking with the stock. "The company is well positioned to benefit from younger members and additional 3P [third party] delivery options."

Here are Friday's biggest calls on Wall Street: Wells Fargo initiates Johnson Controls as overweight Wells said the company is a "self help" story. "We initiate at Overweight on JCI, which has graduated to the HVAC 'haves': record backlog, DC-led orders, self-help on margins provide visibility to above-average EPS growth." UBS initiates Chemed as buy UBS said the hospice and palliative services company is attractive at current levels. "We initiate coverage of Chemed (CHE) with a Buy rating." Mizuho reiterates SpaceX as outperform Mizuho said it sees more upside. "AI segment pricing looks hot. Recent third-party pricing actions strengthen our confidence that SPCX can sustain premium compute pricing as it brings incremental capacity to market." Wolfe upgrades Fervo Energy to outperform from peer perform Wolfe said Fervo shares are intriguing. "We see the current price as an attractive entry point for the leading player in an exciting new power vertical" Citizens initiates Pursuit Attractions as market outperform Citizens said the attractions and lodges company is compelling. "Initiating coverage on Pursuit Attractions and Hospitality with a Market Outperform rating." Barclays initiates Ligand Pharmaceuticals as overweight Barclays said the company has a unique offering. " LGND i s a differentiated company focused on aggregating biopharma royalties." Needham initiates PDF Solutions as buy Needham said the semis analytics company has plenty more room to run. " PDFS is not a well-understood name, because what they do is hard, and understanding what they do is even harder." Canaccord initiates Merlin as buy Canaccord said it's bullish on the autonomous flight tech company. "We are launching coverage on Merlin Labs with a BUY rating and a $7.50 price target." Truist upgrades First Financial Bancorp to buy from hold The firm said it's a beneficiary of rising rates. "We are upgrading First Financial (FFBC) to Buy, as we see mid to high single digit upside to consensus as rising rates filter in." Seaport reiterates Nvidia as sell Seaport said it's standing by its sell rating. "We remain cautious on Nvidia. They have no easy way to surprise to the upside - limited by TSMC capacity and the law of large numbers. And time is not on their side, the competition is growing, to the point that Nvidia is now leaning heavily on its balance sheet and a bundling of its products to drive numbers." UBS upgrades Stem to buy from neutral UBS said the AI software company is at an "earnings inflection." "We upgrade STEM to Buy from Neutral as 2Q26 provided the clearest evidence to date that the company's software-centric strategy is producing a sustainable earnings inflection." StoneX initiates Viking Holdings as buy StoneX said the company is a "distinctive luxury travel platform." "We initiate coverage of Viking with a Buy rating and a $99 price target." Mizuho initiates Tower Semiconductor as outperform Mizuho said the stock is a "foundry leader." "We are initiating TSEM at Outperform with a $300PT." HSBC upgrades BP to buy from hold HSBC said the stock will "deleverage faster." "We expect BP t o deleverage faster than we previously forecasted and be less reliant on asset disposals." Bernstein initiates CF Industries as outperform Bernstein said the stock is "quality compounding." "We initiate coverage of CF Industries (CF) with an Outperform rating and a Price Target of $162, 34% upside." Bernstein upgrades 3M to market perform from underperform Bernstein said it sees margin expansion. "We are upgradin g 3M to Market-Perform based on a refreshed understanding of the transformation." Bank of America reiterates Advanced Micro Devices as buy The firm raised its price target on top pick AMD. "Reit AMD Buy, top CPU pick, raise CY27/28E ests. +2-3%; PO to $720 (from $620) on 30x CY28PE (27x prior) reflecting higher CPU ASPs from agentic mix." Bernstein reiterates Apple as outperform The firm said it's sticking with its buy rating but has margin concerns. "Apple's recent product release didn't disappoint but given rising memory costs, concerns linger on what this means for gross margins in the December quarter." JPMorgan initiates Genius Sports as overweight JPMorgan said the sports data and adtech platform is firing on all cylinders. "We are initiating on Genius Sports (GENI) at OW with a Dec 2027 price target of $8, ~40% upside from current levels." Read more. KeyBanc initiates Lumexa Imaging Holdings as overweight KeyBanc said shares of Lumexa are compelling. "Powerful growth drivers. ... .LMRI's stock currently trades for ~7x forward EBITDA vs. comps near 10-15x+." Barclays upgrades Humana to overweight from equal weight Barclays said Humana shares are too attractive to ignore. "Tactically, we find the setup particularly compelling..." Deutsche Bank reiterates Tesla as buy Deutsche said it's standing by its buy rating. " Tesla stock continues to face many cross currents. While 3Q deliveries are tracking softer than expected, we would not expect the stock to move too much outside the extremes." Deutsche Bank reiterates Meta as buy Deutsche raised its price target on Meta to $820 per share from $750. "Muse has taken off electrically, tracking far ahead of recent app launches within the AI space." Truist initiates Cardinal Infrastructure Group as buy Truist said the infrastructure company is a long-term growth story. "We initiate Buy on CDNL with a $40 PT. The stock was recently hurt by 1) the 'data center trade' stock correction despite CDNL's limited exposure & 2) weak 2Q26 earnings after its June equity offering." Bank of America downgrades Nike to underperform from neutral Bank of America said the risks are "rising." "We see downside risk to EPS estimates and valuation as Nike's innovation continues to be overshadowed by a pressured classics business, while category and macro pressures build." Loop initiates Global Payments as buy Loop said the payments company has plenty of upside. "Initiating Global Payments with a BUY rating and $137 PT..." Needham initiates Wealthfront as buy Needham said the company has a "genuinely differentiated" platform. " WLTH is currently the only public pure-play robo-advisor." Goldman Sachs reiterates Costco as buy Goldman lowered its price target on Costco f ollowing earnings to $1,134 per share from $1,159 but says it's sticking with the stock. "The company is well positioned to benefit from younger members and additional 3P [third party] delivery options."

Here are Friday's biggest calls on Wall Street: Wells Fargo initiates Johnson Controls as overweight Wells said the company is a "self help" story. "We initiate at Overweight on JCI, which has graduated to the HVAC 'haves': record backlog, DC-led orders, self-help on margins provide visibility to above-average EPS growth." UBS initiates Chemed as buy UBS said the hospice and palliative services company is attractive at current levels. "We initiate coverage of Chemed (CHE) with a Buy rating." Mizuho reiterates SpaceX as outperform Mizuho said it sees more upside. "AI segment pricing looks hot. Recent third-party pricing actions strengthen our confidence that SPCX can sustain premium compute pricing as it brings incremental capacity to market." Wolfe upgrades Fervo Energy to outperform from peer perform Wolfe said Fervo shares are intriguing. "We see the current price as an attractive entry point for the leading player in an exciting new power vertical" Citizens initiates Pursuit Attractions as market outperform Citizens said the attractions and lodges company is compelling. "Initiating coverage on Pursuit Attractions and Hospitality with a Market Outperform rating." Barclays initiates Ligand Pharmaceuticals as overweight Barclays said the company has a unique offering. " LGND i s a differentiated company focused on aggregating biopharma royalties." Needham initiates PDF Solutions as buy Needham said the semis analytics company has plenty more room to run. " PDFS is not a well-understood name, because what they do is hard, and understanding what they do is even harder." Canaccord initiates Merlin as buy Canaccord said it's bullish on the autonomous flight tech company. "We are launching coverage on Merlin Labs with a BUY rating and a $7.50 price target." Truist upgrades First Financial Bancorp to buy from hold The firm said it's a beneficiary of rising rates. "We are upgrading First Financial (FFBC) to Buy, as we see mid to high single digit upside to consensus as rising rates filter in." Seaport reiterates Nvidia as sell Seaport said it's standing by its sell rating. "We remain cautious on Nvidia. They have no easy way to surprise to the upside - limited by TSMC capacity and the law of large numbers. And time is not on their side, the competition is growing, to the point that Nvidia is now leaning heavily on its balance sheet and a bundling of its products to drive numbers." UBS upgrades Stem to buy from neutral UBS said the AI software company is at an "earnings inflection." "We upgrade STEM to Buy from Neutral as 2Q26 provided the clearest evidence to date that the company's software-centric strategy is producing a sustainable earnings inflection." StoneX initiates Viking Holdings as buy StoneX said the company is a "distinctive luxury travel platform." "We initiate coverage of Viking with a Buy rating and a $99 price target." Mizuho initiates Tower Semiconductor as outperform Mizuho said the stock is a "foundry leader." "We are initiating TSEM at Outperform with a $300PT." HSBC upgrades BP to buy from hold HSBC said the stock will "deleverage faster." "We expect BP t o deleverage faster than we previously forecasted and be less reliant on asset disposals." Bernstein initiates CF Industries as outperform Bernstein said the stock is "quality compounding." "We initiate coverage of CF Industries (CF) with an Outperform rating and a Price Target of $162, 34% upside." Bernstein upgrades 3M to market perform from underperform Bernstein said it sees margin expansion. "We are upgradin g 3M to Market-Perform based on a refreshed understanding of the transformation." Bank of America reiterates Advanced Micro Devices as buy The firm raised its price target on top pick AMD. "Reit AMD Buy, top CPU pick, raise CY27/28E ests. +2-3%; PO to $720 (from $620) on 30x CY28PE (27x prior) reflecting higher CPU ASPs from agentic mix." Bernstein reiterates Apple as outperform The firm said it's sticking with its buy rating but has margin concerns. "Apple's recent product release didn't disappoint but given rising memory costs, concerns linger on what this means for gross margins in the December quarter." JPMorgan initiates Genius Sports as overweight JPMorgan said the sports data and adtech platform is firing on all cylinders. "We are initiating on Genius Sports (GENI) at OW with a Dec 2027 price target of $8, ~40% upside from current levels." Read more. KeyBanc initiates Lumexa Imaging Holdings as overweight KeyBanc said shares of Lumexa are compelling. "Powerful growth drivers. ... .LMRI's stock currently trades for ~7x forward EBITDA vs. comps near 10-15x+." Barclays upgrades Humana to overweight from equal weight Barclays said Humana shares are too attractive to ignore. "Tactically, we find the setup particularly compelling..." Deutsche Bank reiterates Tesla as buy Deutsche said it's standing by its buy rating. " Tesla stock continues to face many cross currents. While 3Q deliveries are tracking softer than expected, we would not expect the stock to move too much outside the extremes." Deutsche Bank reiterates Meta as buy Deutsche raised its price target on Meta to $820 per share from $750. "Muse has taken off electrically, tracking far ahead of recent app launches within the AI space." Truist initiates Cardinal Infrastructure Group as buy Truist said the infrastructure company is a long-term growth story. "We initiate Buy on CDNL with a $40 PT. The stock was recently hurt by 1) the 'data center trade' stock correction despite CDNL's limited exposure & 2) weak 2Q26 earnings after its June equity offering." Bank of America downgrades Nike to underperform from neutral Bank of America said the risks are "rising." "We see downside risk to EPS estimates and valuation as Nike's innovation continues to be overshadowed by a pressured classics business, while category and macro pressures build." Loop initiates Global Payments as buy Loop said the payments company has plenty of upside. "Initiating Global Payments with a BUY rating and $137 PT..." Needham initiates Wealthfront as buy Needham said the company has a "genuinely differentiated" platform. " WLTH is currently the only public pure-play robo-advisor." Goldman Sachs reiterates Costco as buy Goldman lowered its price target on Costco f ollowing earnings to $1,134 per share from $1,159 but says it's sticking with the stock. "The company is well positioned to benefit from younger members and additional 3P [third party] delivery options."

Here are Friday's biggest calls on Wall Street: Wells Fargo initiates Johnson Controls as overweight Wells said the company is a "self help" story. "We initiate at Overweight on JCI, which has graduated to the HVAC 'haves': record backlog, DC-led orders, self-help on margins provide visibility to above-average EPS growth." UBS initiates Chemed as buy UBS said the hospice and palliative services company is attractive at current levels. "We initiate coverage of Chemed (CHE) with a Buy rating." Mizuho reiterates SpaceX as outperform Mizuho said it sees more upside. "AI segment pricing looks hot. Recent third-party pricing actions strengthen our confidence that SPCX can sustain premium compute pricing as it brings incremental capacity to market." Wolfe upgrades Fervo Energy to outperform from peer perform Wolfe said Fervo shares are intriguing. "We see the current price as an attractive entry point for the leading player in an exciting new power vertical" Citizens initiates Pursuit Attractions as market outperform Citizens said the attractions and lodges company is compelling. "Initiating coverage on Pursuit Attractions and Hospitality with a Market Outperform rating." Barclays initiates Ligand Pharmaceuticals as overweight Barclays said the company has a unique offering. " LGND i s a differentiated company focused on aggregating biopharma royalties." Needham initiates PDF Solutions as buy Needham said the semis analytics company has plenty more room to run. " PDFS is not a well-understood name, because what they do is hard, and understanding what they do is even harder." Canaccord initiates Merlin as buy Canaccord said it's bullish on the autonomous flight tech company. "We are launching coverage on Merlin Labs with a BUY rating and a $7.50 price target." Truist upgrades First Financial Bancorp to buy from hold The firm said it's a beneficiary of rising rates. "We are upgrading First Financial (FFBC) to Buy, as we see mid to high single digit upside to consensus as rising rates filter in." Seaport reiterates Nvidia as sell Seaport said it's standing by its sell rating. "We remain cautious on Nvidia. They have no easy way to surprise to the upside - limited by TSMC capacity and the law of large numbers. And time is not on their side, the competition is growing, to the point that Nvidia is now leaning heavily on its balance sheet and a bundling of its products to drive numbers." UBS upgrades Stem to buy from neutral UBS said the AI software company is at an "earnings inflection." "We upgrade STEM to Buy from Neutral as 2Q26 provided the clearest evidence to date that the company's software-centric strategy is producing a sustainable earnings inflection." StoneX initiates Viking Holdings as buy StoneX said the company is a "distinctive luxury travel platform." "We initiate coverage of Viking with a Buy rating and a $99 price target." Mizuho initiates Tower Semiconductor as outperform Mizuho said the stock is a "foundry leader." "We are initiating TSEM at Outperform with a $300PT." HSBC upgrades BP to buy from hold HSBC said the stock will "deleverage faster." "We expect BP t o deleverage faster than we previously forecasted and be less reliant on asset disposals." Bernstein initiates CF Industries as outperform Bernstein said the stock is "quality compounding." "We initiate coverage of CF Industries (CF) with an Outperform rating and a Price Target of $162, 34% upside." Bernstein upgrades 3M to market perform from underperform Bernstein said it sees margin expansion. "We are upgradin g 3M to Market-Perform based on a refreshed understanding of the transformation." Bank of America reiterates Advanced Micro Devices as buy The firm raised its price target on top pick AMD. "Reit AMD Buy, top CPU pick, raise CY27/28E ests. +2-3%; PO to $720 (from $620) on 30x CY28PE (27x prior) reflecting higher CPU ASPs from agentic mix." Bernstein reiterates Apple as outperform The firm said it's sticking with its buy rating but has margin concerns. "Apple's recent product release didn't disappoint but given rising memory costs, concerns linger on what this means for gross margins in the December quarter." JPMorgan initiates Genius Sports as overweight JPMorgan said the sports data and adtech platform is firing on all cylinders. "We are initiating on Genius Sports (GENI) at OW with a Dec 2027 price target of $8, ~40% upside from current levels." Read more. KeyBanc initiates Lumexa Imaging Holdings as overweight KeyBanc said shares of Lumexa are compelling. "Powerful growth drivers. ... .LMRI's stock currently trades for ~7x forward EBITDA vs. comps near 10-15x+." Barclays upgrades Humana to overweight from equal weight Barclays said Humana shares are too attractive to ignore. "Tactically, we find the setup particularly compelling..." Deutsche Bank reiterates Tesla as buy Deutsche said it's standing by its buy rating. " Tesla stock continues to face many cross currents. While 3Q deliveries are tracking softer than expected, we would not expect the stock to move too much outside the extremes." Deutsche Bank reiterates Meta as buy Deutsche raised its price target on Meta to $820 per share from $750. "Muse has taken off electrically, tracking far ahead of recent app launches within the AI space." Truist initiates Cardinal Infrastructure Group as buy Truist said the infrastructure company is a long-term growth story. "We initiate Buy on CDNL with a $40 PT. The stock was recently hurt by 1) the 'data center trade' stock correction despite CDNL's limited exposure & 2) weak 2Q26 earnings after its June equity offering." Bank of America downgrades Nike to underperform from neutral Bank of America said the risks are "rising." "We see downside risk to EPS estimates and valuation as Nike's innovation continues to be overshadowed by a pressured classics business, while category and macro pressures build." Loop initiates Global Payments as buy Loop said the payments company has plenty of upside. "Initiating Global Payments with a BUY rating and $137 PT..." Needham initiates Wealthfront as buy Needham said the company has a "genuinely differentiated" platform. " WLTH is currently the only public pure-play robo-advisor." Goldman Sachs reiterates Costco as buy Goldman lowered its price target on Costco f ollowing earnings to $1,134 per share from $1,159 but says it's sticking with the stock. "The company is well positioned to benefit from younger members and additional 3P [third party] delivery options."

Here are Friday's biggest calls on Wall Street: Wells Fargo initiates Johnson Controls as overweight Wells said the company is a "self help" story. "We initiate at Overweight on JCI, which has graduated to the HVAC 'haves': record backlog, DC-led orders, self-help on margins provide visibility to above-average EPS growth." UBS initiates Chemed as buy UBS said the hospice and palliative services company is attractive at current levels. "We initiate coverage of Chemed (CHE) with a Buy rating." Mizuho reiterates SpaceX as outperform Mizuho said it sees more upside. "AI segment pricing looks hot. Recent third-party pricing actions strengthen our confidence that SPCX can sustain premium compute pricing as it brings incremental capacity to market." Wolfe upgrades Fervo Energy to outperform from peer perform Wolfe said Fervo shares are intriguing. "We see the current price as an attractive entry point for the leading player in an exciting new power vertical" Citizens initiates Pursuit Attractions as market outperform Citizens said the attractions and lodges company is compelling. "Initiating coverage on Pursuit Attractions and Hospitality with a Market Outperform rating." Barclays initiates Ligand Pharmaceuticals as overweight Barclays said the company has a unique offering. " LGND i s a differentiated company focused on aggregating biopharma royalties." Needham initiates PDF Solutions as buy Needham said the semis analytics company has plenty more room to run. " PDFS is not a well-understood name, because what they do is hard, and understanding what they do is even harder." Canaccord initiates Merlin as buy Canaccord said it's bullish on the autonomous flight tech company. "We are launching coverage on Merlin Labs with a BUY rating and a $7.50 price target." Truist upgrades First Financial Bancorp to buy from hold The firm said it's a beneficiary of rising rates. "We are upgrading First Financial (FFBC) to Buy, as we see mid to high single digit upside to consensus as rising rates filter in." Seaport reiterates Nvidia as sell Seaport said it's standing by its sell rating. "We remain cautious on Nvidia. They have no easy way to surprise to the upside - limited by TSMC capacity and the law of large numbers. And time is not on their side, the competition is growing, to the point that Nvidia is now leaning heavily on its balance sheet and a bundling of its products to drive numbers." UBS upgrades Stem to buy from neutral UBS said the AI software company is at an "earnings inflection." "We upgrade STEM to Buy from Neutral as 2Q26 provided the clearest evidence to date that the company's software-centric strategy is producing a sustainable earnings inflection." StoneX initiates Viking Holdings as buy StoneX said the company is a "distinctive luxury travel platform." "We initiate coverage of Viking with a Buy rating and a $99 price target." Mizuho initiates Tower Semiconductor as outperform Mizuho said the stock is a "foundry leader." "We are initiating TSEM at Outperform with a $300PT." HSBC upgrades BP to buy from hold HSBC said the stock will "deleverage faster." "We expect BP t o deleverage faster than we previously forecasted and be less reliant on asset disposals." Bernstein initiates CF Industries as outperform Bernstein said the stock is "quality compounding." "We initiate coverage of CF Industries (CF) with an Outperform rating and a Price Target of $162, 34% upside." Bernstein upgrades 3M to market perform from underperform Bernstein said it sees margin expansion. "We are upgradin g 3M to Market-Perform based on a refreshed understanding of the transformation." Bank of America reiterates Advanced Micro Devices as buy The firm raised its price target on top pick AMD. "Reit AMD Buy, top CPU pick, raise CY27/28E ests. +2-3%; PO to $720 (from $620) on 30x CY28PE (27x prior) reflecting higher CPU ASPs from agentic mix." Bernstein reiterates Apple as outperform The firm said it's sticking with its buy rating but has margin concerns. "Apple's recent product release didn't disappoint but given rising memory costs, concerns linger on what this means for gross margins in the December quarter." JPMorgan initiates Genius Sports as overweight JPMorgan said the sports data and adtech platform is firing on all cylinders. "We are initiating on Genius Sports (GENI) at OW with a Dec 2027 price target of $8, ~40% upside from current levels." Read more. KeyBanc initiates Lumexa Imaging Holdings as overweight KeyBanc said shares of Lumexa are compelling. "Powerful growth drivers. ... .LMRI's stock currently trades for ~7x forward EBITDA vs. comps near 10-15x+." Barclays upgrades Humana to overweight from equal weight Barclays said Humana shares are too attractive to ignore. "Tactically, we find the setup particularly compelling..." Deutsche Bank reiterates Tesla as buy Deutsche said it's standing by its buy rating. " Tesla stock continues to face many cross currents. While 3Q deliveries are tracking softer than expected, we would not expect the stock to move too much outside the extremes." Deutsche Bank reiterates Meta as buy Deutsche raised its price target on Meta to $820 per share from $750. "Muse has taken off electrically, tracking far ahead of recent app launches within the AI space." Truist initiates Cardinal Infrastructure Group as buy Truist said the infrastructure company is a long-term growth story. "We initiate Buy on CDNL with a $40 PT. The stock was recently hurt by 1) the 'data center trade' stock correction despite CDNL's limited exposure & 2) weak 2Q26 earnings after its June equity offering." Bank of America downgrades Nike to underperform from neutral Bank of America said the risks are "rising." "We see downside risk to EPS estimates and valuation as Nike's innovation continues to be overshadowed by a pressured classics business, while category and macro pressures build." Loop initiates Global Payments as buy Loop said the payments company has plenty of upside. "Initiating Global Payments with a BUY rating and $137 PT..." Needham initiates Wealthfront as buy Needham said the company has a "genuinely differentiated" platform. " WLTH is currently the only public pure-play robo-advisor." Goldman Sachs reiterates Costco as buy Goldman lowered its price target on Costco f ollowing earnings to $1,134 per share from $1,159 but says it's sticking with the stock. "The company is well positioned to benefit from younger members and additional 3P [third party] delivery options."

Here are Friday's biggest calls on Wall Street: Wells Fargo initiates Johnson Controls as overweight Wells said the company is a "self help" story. "We initiate at Overweight on JCI, which has graduated to the HVAC 'haves': record backlog, DC-led orders, self-help on margins provide visibility to above-average EPS growth." UBS initiates Chemed as buy UBS said the hospice and palliative services company is attractive at current levels. "We initiate coverage of Chemed (CHE) with a Buy rating." Mizuho reiterates SpaceX as outperform Mizuho said it sees more upside. "AI segment pricing looks hot. Recent third-party pricing actions strengthen our confidence that SPCX can sustain premium compute pricing as it brings incremental capacity to market." Wolfe upgrades Fervo Energy to outperform from peer perform Wolfe said Fervo shares are intriguing. "We see the current price as an attractive entry point for the leading player in an exciting new power vertical" Citizens initiates Pursuit Attractions as market outperform Citizens said the attractions and lodges company is compelling. "Initiating coverage on Pursuit Attractions and Hospitality with a Market Outperform rating." Barclays initiates Ligand Pharmaceuticals as overweight Barclays said the company has a unique offering. " LGND i s a differentiated company focused on aggregating biopharma royalties." Needham initiates PDF Solutions as buy Needham said the semis analytics company has plenty more room to run. " PDFS is not a well-understood name, because what they do is hard, and understanding what they do is even harder." Canaccord initiates Merlin as buy Canaccord said it's bullish on the autonomous flight tech company. "We are launching coverage on Merlin Labs with a BUY rating and a $7.50 price target." Truist upgrades First Financial Bancorp to buy from hold The firm said it's a beneficiary of rising rates. "We are upgrading First Financial (FFBC) to Buy, as we see mid to high single digit upside to consensus as rising rates filter in." Seaport reiterates Nvidia as sell Seaport said it's standing by its sell rating. "We remain cautious on Nvidia. They have no easy way to surprise to the upside - limited by TSMC capacity and the law of large numbers. And time is not on their side, the competition is growing, to the point that Nvidia is now leaning heavily on its balance sheet and a bundling of its products to drive numbers." UBS upgrades Stem to buy from neutral UBS said the AI software company is at an "earnings inflection." "We upgrade STEM to Buy from Neutral as 2Q26 provided the clearest evidence to date that the company's software-centric strategy is producing a sustainable earnings inflection." StoneX initiates Viking Holdings as buy StoneX said the company is a "distinctive luxury travel platform." "We initiate coverage of Viking with a Buy rating and a $99 price target." Mizuho initiates Tower Semiconductor as outperform Mizuho said the stock is a "foundry leader." "We are initiating TSEM at Outperform with a $300PT." HSBC upgrades BP to buy from hold HSBC said the stock will "deleverage faster." "We expect BP t o deleverage faster than we previously forecasted and be less reliant on asset disposals." Bernstein initiates CF Industries as outperform Bernstein said the stock is "quality compounding." "We initiate coverage of CF Industries (CF) with an Outperform rating and a Price Target of $162, 34% upside." Bernstein upgrades 3M to market perform from underperform Bernstein said it sees margin expansion. "We are upgradin g 3M to Market-Perform based on a refreshed understanding of the transformation." Bank of America reiterates Advanced Micro Devices as buy The firm raised its price target on top pick AMD. "Reit AMD Buy, top CPU pick, raise CY27/28E ests. +2-3%; PO to $720 (from $620) on 30x CY28PE (27x prior) reflecting higher CPU ASPs from agentic mix." Bernstein reiterates Apple as outperform The firm said it's sticking with its buy rating but has margin concerns. "Apple's recent product release didn't disappoint but given rising memory costs, concerns linger on what this means for gross margins in the December quarter." JPMorgan initiates Genius Sports as overweight JPMorgan said the sports data and adtech platform is firing on all cylinders. "We are initiating on Genius Sports (GENI) at OW with a Dec 2027 price target of $8, ~40% upside from current levels." Read more. KeyBanc initiates Lumexa Imaging Holdings as overweight KeyBanc said shares of Lumexa are compelling. "Powerful growth drivers. ... .LMRI's stock currently trades for ~7x forward EBITDA vs. comps near 10-15x+." Barclays upgrades Humana to overweight from equal weight Barclays said Humana shares are too attractive to ignore. "Tactically, we find the setup particularly compelling..." Deutsche Bank reiterates Tesla as buy Deutsche said it's standing by its buy rating. " Tesla stock continues to face many cross currents. While 3Q deliveries are tracking softer than expected, we would not expect the stock to move too much outside the extremes." Deutsche Bank reiterates Meta as buy Deutsche raised its price target on Meta to $820 per share from $750. "Muse has taken off electrically, tracking far ahead of recent app launches within the AI space." Truist initiates Cardinal Infrastructure Group as buy Truist said the infrastructure company is a long-term growth story. "We initiate Buy on CDNL with a $40 PT. The stock was recently hurt by 1) the 'data center trade' stock correction despite CDNL's limited exposure & 2) weak 2Q26 earnings after its June equity offering." Bank of America downgrades Nike to underperform from neutral Bank of America said the risks are "rising." "We see downside risk to EPS estimates and valuation as Nike's innovation continues to be overshadowed by a pressured classics business, while category and macro pressures build." Loop initiates Global Payments as buy Loop said the payments company has plenty of upside. "Initiating Global Payments with a BUY rating and $137 PT..." Needham initiates Wealthfront as buy Needham said the company has a "genuinely differentiated" platform. " WLTH is currently the only public pure-play robo-advisor." Goldman Sachs reiterates Costco as buy Goldman lowered its price target on Costco f ollowing earnings to $1,134 per share from $1,159 but says it's sticking with the stock. "The company is well positioned to benefit from younger members and additional 3P [third party] delivery options."

Here are Friday's biggest calls on Wall Street: Wells Fargo initiates Johnson Controls as overweight Wells said the company is a "self help" story. "We initiate at Overweight on JCI, which has graduated to the HVAC 'haves': record backlog, DC-led orders, self-help on margins provide visibility to above-average EPS growth." UBS initiates Chemed as buy UBS said the hospice and palliative services company is attractive at current levels. "We initiate coverage of Chemed (CHE) with a Buy rating." Mizuho reiterates SpaceX as outperform Mizuho said it sees more upside. "AI segment pricing looks hot. Recent third-party pricing actions strengthen our confidence that SPCX can sustain premium compute pricing as it brings incremental capacity to market." Wolfe upgrades Fervo Energy to outperform from peer perform Wolfe said Fervo shares are intriguing. "We see the current price as an attractive entry point for the leading player in an exciting new power vertical" Citizens initiates Pursuit Attractions as market outperform Citizens said the attractions and lodges company is compelling. "Initiating coverage on Pursuit Attractions and Hospitality with a Market Outperform rating." Barclays initiates Ligand Pharmaceuticals as overweight Barclays said the company has a unique offering. " LGND i s a differentiated company focused on aggregating biopharma royalties." Needham initiates PDF Solutions as buy Needham said the semis analytics company has plenty more room to run. " PDFS is not a well-understood name, because what they do is hard, and understanding what they do is even harder." Canaccord initiates Merlin as buy Canaccord said it's bullish on the autonomous flight tech company. "We are launching coverage on Merlin Labs with a BUY rating and a $7.50 price target." Truist upgrades First Financial Bancorp to buy from hold The firm said it's a beneficiary of rising rates. "We are upgrading First Financial (FFBC) to Buy, as we see mid to high single digit upside to consensus as rising rates filter in." Seaport reiterates Nvidia as sell Seaport said it's standing by its sell rating. "We remain cautious on Nvidia. They have no easy way to surprise to the upside - limited by TSMC capacity and the law of large numbers. And time is not on their side, the competition is growing, to the point that Nvidia is now leaning heavily on its balance sheet and a bundling of its products to drive numbers." UBS upgrades Stem to buy from neutral UBS said the AI software company is at an "earnings inflection." "We upgrade STEM to Buy from Neutral as 2Q26 provided the clearest evidence to date that the company's software-centric strategy is producing a sustainable earnings inflection." StoneX initiates Viking Holdings as buy StoneX said the company is a "distinctive luxury travel platform." "We initiate coverage of Viking with a Buy rating and a $99 price target." Mizuho initiates Tower Semiconductor as outperform Mizuho said the stock is a "foundry leader." "We are initiating TSEM at Outperform with a $300PT." HSBC upgrades BP to buy from hold HSBC said the stock will "deleverage faster." "We expect BP t o deleverage faster than we previously forecasted and be less reliant on asset disposals." Bernstein initiates CF Industries as outperform Bernstein said the stock is "quality compounding." "We initiate coverage of CF Industries (CF) with an Outperform rating and a Price Target of $162, 34% upside." Bernstein upgrades 3M to market perform from underperform Bernstein said it sees margin expansion. "We are upgradin g 3M to Market-Perform based on a refreshed understanding of the transformation." Bank of America reiterates Advanced Micro Devices as buy The firm raised its price target on top pick AMD. "Reit AMD Buy, top CPU pick, raise CY27/28E ests. +2-3%; PO to $720 (from $620) on 30x CY28PE (27x prior) reflecting higher CPU ASPs from agentic mix." Bernstein reiterates Apple as outperform The firm said it's sticking with its buy rating but has margin concerns. "Apple's recent product release didn't disappoint but given rising memory costs, concerns linger on what this means for gross margins in the December quarter." JPMorgan initiates Genius Sports as overweight JPMorgan said the sports data and adtech platform is firing on all cylinders. "We are initiating on Genius Sports (GENI) at OW with a Dec 2027 price target of $8, ~40% upside from current levels." Read more. KeyBanc initiates Lumexa Imaging Holdings as overweight KeyBanc said shares of Lumexa are compelling. "Powerful growth drivers. ... .LMRI's stock currently trades for ~7x forward EBITDA vs. comps near 10-15x+." Barclays upgrades Humana to overweight from equal weight Barclays said Humana shares are too attractive to ignore. "Tactically, we find the setup particularly compelling..." Deutsche Bank reiterates Tesla as buy Deutsche said it's standing by its buy rating. " Tesla stock continues to face many cross currents. While 3Q deliveries are tracking softer than expected, we would not expect the stock to move too much outside the extremes." Deutsche Bank reiterates Meta as buy Deutsche raised its price target on Meta to $820 per share from $750. "Muse has taken off electrically, tracking far ahead of recent app launches within the AI space." Truist initiates Cardinal Infrastructure Group as buy Truist said the infrastructure company is a long-term growth story. "We initiate Buy on CDNL with a $40 PT. The stock was recently hurt by 1) the 'data center trade' stock correction despite CDNL's limited exposure & 2) weak 2Q26 earnings after its June equity offering." Bank of America downgrades Nike to underperform from neutral Bank of America said the risks are "rising." "We see downside risk to EPS estimates and valuation as Nike's innovation continues to be overshadowed by a pressured classics business, while category and macro pressures build." Loop initiates Global Payments as buy Loop said the payments company has plenty of upside. "Initiating Global Payments with a BUY rating and $137 PT..." Needham initiates Wealthfront as buy Needham said the company has a "genuinely differentiated" platform. " WLTH is currently the only public pure-play robo-advisor." Goldman Sachs reiterates Costco as buy Goldman lowered its price target on Costco f ollowing earnings to $1,134 per share from $1,159 but says it's sticking with the stock. "The company is well positioned to benefit from younger members and additional 3P [third party] delivery options."

Here are Friday's biggest calls on Wall Street: Wells Fargo initiates Johnson Controls as overweight Wells said the company is a "self help" story. "We initiate at Overweight on JCI, which has graduated to the HVAC 'haves': record backlog, DC-led orders, self-help on margins provide visibility to above-average EPS growth." UBS initiates Chemed as buy UBS said the hospice and palliative services company is attractive at current levels. "We initiate coverage of Chemed (CHE) with a Buy rating." Mizuho reiterates SpaceX as outperform Mizuho said it sees more upside. "AI segment pricing looks hot. Recent third-party pricing actions strengthen our confidence that SPCX can sustain premium compute pricing as it brings incremental capacity to market." Wolfe upgrades Fervo Energy to outperform from peer perform Wolfe said Fervo shares are intriguing. "We see the current price as an attractive entry point for the leading player in an exciting new power vertical" Citizens initiates Pursuit Attractions as market outperform Citizens said the attractions and lodges company is compelling. "Initiating coverage on Pursuit Attractions and Hospitality with a Market Outperform rating." Barclays initiates Ligand Pharmaceuticals as overweight Barclays said the company has a unique offering. " LGND i s a differentiated company focused on aggregating biopharma royalties." Needham initiates PDF Solutions as buy Needham said the semis analytics company has plenty more room to run. " PDFS is not a well-understood name, because what they do is hard, and understanding what they do is even harder." Canaccord initiates Merlin as buy Canaccord said it's bullish on the autonomous flight tech company. "We are launching coverage on Merlin Labs with a BUY rating and a $7.50 price target." Truist upgrades First Financial Bancorp to buy from hold The firm said it's a beneficiary of rising rates. "We are upgrading First Financial (FFBC) to Buy, as we see mid to high single digit upside to consensus as rising rates filter in." Seaport reiterates Nvidia as sell Seaport said it's standing by its sell rating. "We remain cautious on Nvidia. They have no easy way to surprise to the upside - limited by TSMC capacity and the law of large numbers. And time is not on their side, the competition is growing, to the point that Nvidia is now leaning heavily on its balance sheet and a bundling of its products to drive numbers." UBS upgrades Stem to buy from neutral UBS said the AI software company is at an "earnings inflection." "We upgrade STEM to Buy from Neutral as 2Q26 provided the clearest evidence to date that the company's software-centric strategy is producing a sustainable earnings inflection." StoneX initiates Viking Holdings as buy StoneX said the company is a "distinctive luxury travel platform." "We initiate coverage of Viking with a Buy rating and a $99 price target." Mizuho initiates Tower Semiconductor as outperform Mizuho said the stock is a "foundry leader." "We are initiating TSEM at Outperform with a $300PT." HSBC upgrades BP to buy from hold HSBC said the stock will "deleverage faster." "We expect BP t o deleverage faster than we previously forecasted and be less reliant on asset disposals." Bernstein initiates CF Industries as outperform Bernstein said the stock is "quality compounding." "We initiate coverage of CF Industries (CF) with an Outperform rating and a Price Target of $162, 34% upside." Bernstein upgrades 3M to market perform from underperform Bernstein said it sees margin expansion. "We are upgradin g 3M to Market-Perform based on a refreshed understanding of the transformation." Bank of America reiterates Advanced Micro Devices as buy The firm raised its price target on top pick AMD. "Reit AMD Buy, top CPU pick, raise CY27/28E ests. +2-3%; PO to $720 (from $620) on 30x CY28PE (27x prior) reflecting higher CPU ASPs from agentic mix." Bernstein reiterates Apple as outperform The firm said it's sticking with its buy rating but has margin concerns. "Apple's recent product release didn't disappoint but given rising memory costs, concerns linger on what this means for gross margins in the December quarter." JPMorgan initiates Genius Sports as overweight JPMorgan said the sports data and adtech platform is firing on all cylinders. "We are initiating on Genius Sports (GENI) at OW with a Dec 2027 price target of $8, ~40% upside from current levels." Read more. KeyBanc initiates Lumexa Imaging Holdings as overweight KeyBanc said shares of Lumexa are compelling. "Powerful growth drivers. ... .LMRI's stock currently trades for ~7x forward EBITDA vs. comps near 10-15x+." Barclays upgrades Humana to overweight from equal weight Barclays said Humana shares are too attractive to ignore. "Tactically, we find the setup particularly compelling..." Deutsche Bank reiterates Tesla as buy Deutsche said it's standing by its buy rating. " Tesla stock continues to face many cross currents. While 3Q deliveries are tracking softer than expected, we would not expect the stock to move too much outside the extremes." Deutsche Bank reiterates Meta as buy Deutsche raised its price target on Meta to $820 per share from $750. "Muse has taken off electrically, tracking far ahead of recent app launches within the AI space." Truist initiates Cardinal Infrastructure Group as buy Truist said the infrastructure company is a long-term growth story. "We initiate Buy on CDNL with a $40 PT. The stock was recently hurt by 1) the 'data center trade' stock correction despite CDNL's limited exposure & 2) weak 2Q26 earnings after its June equity offering." Bank of America downgrades Nike to underperform from neutral Bank of America said the risks are "rising." "We see downside risk to EPS estimates and valuation as Nike's innovation continues to be overshadowed by a pressured classics business, while category and macro pressures build." Loop initiates Global Payments as buy Loop said the payments company has plenty of upside. "Initiating Global Payments with a BUY rating and $137 PT..." Needham initiates Wealthfront as buy Needham said the company has a "genuinely differentiated" platform. " WLTH is currently the only public pure-play robo-advisor." Goldman Sachs reiterates Costco as buy Goldman lowered its price target on Costco f ollowing earnings to $1,134 per share from $1,159 but says it's sticking with the stock. "The company is well positioned to benefit from younger members and additional 3P [third party] delivery options."

Here are Friday's biggest calls on Wall Street: Wells Fargo initiates Johnson Controls as overweight Wells said the company is a "self help" story. "We initiate at Overweight on JCI, which has graduated to the HVAC 'haves': record backlog, DC-led orders, self-help on margins provide visibility to above-average EPS growth." UBS initiates Chemed as buy UBS said the hospice and palliative services company is attractive at current levels. "We initiate coverage of Chemed (CHE) with a Buy rating." Mizuho reiterates SpaceX as outperform Mizuho said it sees more upside. "AI segment pricing looks hot. Recent third-party pricing actions strengthen our confidence that SPCX can sustain premium compute pricing as it brings incremental capacity to market." Wolfe upgrades Fervo Energy to outperform from peer perform Wolfe said Fervo shares are intriguing. "We see the current price as an attractive entry point for the leading player in an exciting new power vertical" Citizens initiates Pursuit Attractions as market outperform Citizens said the attractions and lodges company is compelling. "Initiating coverage on Pursuit Attractions and Hospitality with a Market Outperform rating." Barclays initiates Ligand Pharmaceuticals as overweight Barclays said the company has a unique offering. " LGND i s a differentiated company focused on aggregating biopharma royalties." Needham initiates PDF Solutions as buy Needham said the semis analytics company has plenty more room to run. " PDFS is not a well-understood name, because what they do is hard, and understanding what they do is even harder." Canaccord initiates Merlin as buy Canaccord said it's bullish on the autonomous flight tech company. "We are launching coverage on Merlin Labs with a BUY rating and a $7.50 price target." Truist upgrades First Financial Bancorp to buy from hold The firm said it's a beneficiary of rising rates. "We are upgrading First Financial (FFBC) to Buy, as we see mid to high single digit upside to consensus as rising rates filter in." Seaport reiterates Nvidia as sell Seaport said it's standing by its sell rating. "We remain cautious on Nvidia. They have no easy way to surprise to the upside - limited by TSMC capacity and the law of large numbers. And time is not on their side, the competition is growing, to the point that Nvidia is now leaning heavily on its balance sheet and a bundling of its products to drive numbers." UBS upgrades Stem to buy from neutral UBS said the AI software company is at an "earnings inflection." "We upgrade STEM to Buy from Neutral as 2Q26 provided the clearest evidence to date that the company's software-centric strategy is producing a sustainable earnings inflection." StoneX initiates Viking Holdings as buy StoneX said the company is a "distinctive luxury travel platform." "We initiate coverage of Viking with a Buy rating and a $99 price target." Mizuho initiates Tower Semiconductor as outperform Mizuho said the stock is a "foundry leader." "We are initiating TSEM at Outperform with a $300PT." HSBC upgrades BP to buy from hold HSBC said the stock will "deleverage faster." "We expect BP t o deleverage faster than we previously forecasted and be less reliant on asset disposals." Bernstein initiates CF Industries as outperform Bernstein said the stock is "quality compounding." "We initiate coverage of CF Industries (CF) with an Outperform rating and a Price Target of $162, 34% upside." Bernstein upgrades 3M to market perform from underperform Bernstein said it sees margin expansion. "We are upgradin g 3M to Market-Perform based on a refreshed understanding of the transformation." Bank of America reiterates Advanced Micro Devices as buy The firm raised its price target on top pick AMD. "Reit AMD Buy, top CPU pick, raise CY27/28E ests. +2-3%; PO to $720 (from $620) on 30x CY28PE (27x prior) reflecting higher CPU ASPs from agentic mix." Bernstein reiterates Apple as outperform The firm said it's sticking with its buy rating but has margin concerns. "Apple's recent product release didn't disappoint but given rising memory costs, concerns linger on what this means for gross margins in the December quarter." JPMorgan initiates Genius Sports as overweight JPMorgan said the sports data and adtech platform is firing on all cylinders. "We are initiating on Genius Sports (GENI) at OW with a Dec 2027 price target of $8, ~40% upside from current levels." Read more. KeyBanc initiates Lumexa Imaging Holdings as overweight KeyBanc said shares of Lumexa are compelling. "Powerful growth drivers. ... .LMRI's stock currently trades for ~7x forward EBITDA vs. comps near 10-15x+." Barclays upgrades Humana to overweight from equal weight Barclays said Humana shares are too attractive to ignore. "Tactically, we find the setup particularly compelling..." Deutsche Bank reiterates Tesla as buy Deutsche said it's standing by its buy rating. " Tesla stock continues to face many cross currents. While 3Q deliveries are tracking softer than expected, we would not expect the stock to move too much outside the extremes." Deutsche Bank reiterates Meta as buy Deutsche raised its price target on Meta to $820 per share from $750. "Muse has taken off electrically, tracking far ahead of recent app launches within the AI space." Truist initiates Cardinal Infrastructure Group as buy Truist said the infrastructure company is a long-term growth story. "We initiate Buy on CDNL with a $40 PT. The stock was recently hurt by 1) the 'data center trade' stock correction despite CDNL's limited exposure & 2) weak 2Q26 earnings after its June equity offering." Bank of America downgrades Nike to underperform from neutral Bank of America said the risks are "rising." "We see downside risk to EPS estimates and valuation as Nike's innovation continues to be overshadowed by a pressured classics business, while category and macro pressures build." Loop initiates Global Payments as buy Loop said the payments company has plenty of upside. "Initiating Global Payments with a BUY rating and $137 PT..." Needham initiates Wealthfront as buy Needham said the company has a "genuinely differentiated" platform. " WLTH is currently the only public pure-play robo-advisor." Goldman Sachs reiterates Costco as buy Goldman lowered its price target on Costco f ollowing earnings to $1,134 per share from $1,159 but says it's sticking with the stock. "The company is well positioned to benefit from younger members and additional 3P [third party] delivery options."

Here are Friday's biggest calls on Wall Street: Wells Fargo initiates Johnson Controls as overweight Wells said the company is a "self help" story. "We initiate at Overweight on JCI, which has graduated to the HVAC 'haves': record backlog, DC-led orders, self-help on margins provide visibility to above-average EPS growth." UBS initiates Chemed as buy UBS said the hospice and palliative services company is attractive at current levels. "We initiate coverage of Chemed (CHE) with a Buy rating." Mizuho reiterates SpaceX as outperform Mizuho said it sees more upside. "AI segment pricing looks hot. Recent third-party pricing actions strengthen our confidence that SPCX can sustain premium compute pricing as it brings incremental capacity to market." Wolfe upgrades Fervo Energy to outperform from peer perform Wolfe said Fervo shares are intriguing. "We see the current price as an attractive entry point for the leading player in an exciting new power vertical" Citizens initiates Pursuit Attractions as market outperform Citizens said the attractions and lodges company is compelling. "Initiating coverage on Pursuit Attractions and Hospitality with a Market Outperform rating." Barclays initiates Ligand Pharmaceuticals as overweight Barclays said the company has a unique offering. " LGND i s a differentiated company focused on aggregating biopharma royalties." Needham initiates PDF Solutions as buy Needham said the semis analytics company has plenty more room to run. " PDFS is not a well-understood name, because what they do is hard, and understanding what they do is even harder." Canaccord initiates Merlin as buy Canaccord said it's bullish on the autonomous flight tech company. "We are launching coverage on Merlin Labs with a BUY rating and a $7.50 price target." Truist upgrades First Financial Bancorp to buy from hold The firm said it's a beneficiary of rising rates. "We are upgrading First Financial (FFBC) to Buy, as we see mid to high single digit upside to consensus as rising rates filter in." Seaport reiterates Nvidia as sell Seaport said it's standing by its sell rating. "We remain cautious on Nvidia. They have no easy way to surprise to the upside - limited by TSMC capacity and the law of large numbers. And time is not on their side, the competition is growing, to the point that Nvidia is now leaning heavily on its balance sheet and a bundling of its products to drive numbers." UBS upgrades Stem to buy from neutral UBS said the AI software company is at an "earnings inflection." "We upgrade STEM to Buy from Neutral as 2Q26 provided the clearest evidence to date that the company's software-centric strategy is producing a sustainable earnings inflection." StoneX initiates Viking Holdings as buy StoneX said the company is a "distinctive luxury travel platform." "We initiate coverage of Viking with a Buy rating and a $99 price target." Mizuho initiates Tower Semiconductor as outperform Mizuho said the stock is a "foundry leader." "We are initiating TSEM at Outperform with a $300PT." HSBC upgrades BP to buy from hold HSBC said the stock will "deleverage faster." "We expect BP t o deleverage faster than we previously forecasted and be less reliant on asset disposals." Bernstein initiates CF Industries as outperform Bernstein said the stock is "quality compounding." "We initiate coverage of CF Industries (CF) with an Outperform rating and a Price Target of $162, 34% upside." Bernstein upgrades 3M to market perform from underperform Bernstein said it sees margin expansion. "We are upgradin g 3M to Market-Perform based on a refreshed understanding of the transformation." Bank of America reiterates Advanced Micro Devices as buy The firm raised its price target on top pick AMD. "Reit AMD Buy, top CPU pick, raise CY27/28E ests. +2-3%; PO to $720 (from $620) on 30x CY28PE (27x prior) reflecting higher CPU ASPs from agentic mix." Bernstein reiterates Apple as outperform The firm said it's sticking with its buy rating but has margin concerns. "Apple's recent product release didn't disappoint but given rising memory costs, concerns linger on what this means for gross margins in the December quarter." JPMorgan initiates Genius Sports as overweight JPMorgan said the sports data and adtech platform is firing on all cylinders. "We are initiating on Genius Sports (GENI) at OW with a Dec 2027 price target of $8, ~40% upside from current levels." Read more. KeyBanc initiates Lumexa Imaging Holdings as overweight KeyBanc said shares of Lumexa are compelling. "Powerful growth drivers. ... .LMRI's stock currently trades for ~7x forward EBITDA vs. comps near 10-15x+." Barclays upgrades Humana to overweight from equal weight Barclays said Humana shares are too attractive to ignore. "Tactically, we find the setup particularly compelling..." Deutsche Bank reiterates Tesla as buy Deutsche said it's standing by its buy rating. " Tesla stock continues to face many cross currents. While 3Q deliveries are tracking softer than expected, we would not expect the stock to move too much outside the extremes." Deutsche Bank reiterates Meta as buy Deutsche raised its price target on Meta to $820 per share from $750. "Muse has taken off electrically, tracking far ahead of recent app launches within the AI space." Truist initiates Cardinal Infrastructure Group as buy Truist said the infrastructure company is a long-term growth story. "We initiate Buy on CDNL with a $40 PT. The stock was recently hurt by 1) the 'data center trade' stock correction despite CDNL's limited exposure & 2) weak 2Q26 earnings after its June equity offering." Bank of America downgrades Nike to underperform from neutral Bank of America said the risks are "rising." "We see downside risk to EPS estimates and valuation as Nike's innovation continues to be overshadowed by a pressured classics business, while category and macro pressures build." Loop initiates Global Payments as buy Loop said the payments company has plenty of upside. "Initiating Global Payments with a BUY rating and $137 PT..." Needham initiates Wealthfront as buy Needham said the company has a "genuinely differentiated" platform. " WLTH is currently the only public pure-play robo-advisor." Goldman Sachs reiterates Costco as buy Goldman lowered its price target on Costco f ollowing earnings to $1,134 per share from $1,159 but says it's sticking with the stock. "The company is well positioned to benefit from younger members and additional 3P [third party] delivery options."

Here are Friday's biggest calls on Wall Street: Wells Fargo initiates Johnson Controls as overweight Wells said the company is a "self help" story. "We initiate at Overweight on JCI, which has graduated to the HVAC 'haves': record backlog, DC-led orders, self-help on margins provide visibility to above-average EPS growth." UBS initiates Chemed as buy UBS said the hospice and palliative services company is attractive at current levels. "We initiate coverage of Chemed (CHE) with a Buy rating." Mizuho reiterates SpaceX as outperform Mizuho said it sees more upside. "AI segment pricing looks hot. Recent third-party pricing actions strengthen our confidence that SPCX can sustain premium compute pricing as it brings incremental capacity to market." Wolfe upgrades Fervo Energy to outperform from peer perform Wolfe said Fervo shares are intriguing. "We see the current price as an attractive entry point for the leading player in an exciting new power vertical" Citizens initiates Pursuit Attractions as market outperform Citizens said the attractions and lodges company is compelling. "Initiating coverage on Pursuit Attractions and Hospitality with a Market Outperform rating." Barclays initiates Ligand Pharmaceuticals as overweight Barclays said the company has a unique offering. " LGND i s a differentiated company focused on aggregating biopharma royalties." Needham initiates PDF Solutions as buy Needham said the semis analytics company has plenty more room to run. " PDFS is not a well-understood name, because what they do is hard, and understanding what they do is even harder." Canaccord initiates Merlin as buy Canaccord said it's bullish on the autonomous flight tech company. "We are launching coverage on Merlin Labs with a BUY rating and a $7.50 price target." Truist upgrades First Financial Bancorp to buy from hold The firm said it's a beneficiary of rising rates. "We are upgrading First Financial (FFBC) to Buy, as we see mid to high single digit upside to consensus as rising rates filter in." Seaport reiterates Nvidia as sell Seaport said it's standing by its sell rating. "We remain cautious on Nvidia. They have no easy way to surprise to the upside - limited by TSMC capacity and the law of large numbers. And time is not on their side, the competition is growing, to the point that Nvidia is now leaning heavily on its balance sheet and a bundling of its products to drive numbers." UBS upgrades Stem to buy from neutral UBS said the AI software company is at an "earnings inflection." "We upgrade STEM to Buy from Neutral as 2Q26 provided the clearest evidence to date that the company's software-centric strategy is producing a sustainable earnings inflection." StoneX initiates Viking Holdings as buy StoneX said the company is a "distinctive luxury travel platform." "We initiate coverage of Viking with a Buy rating and a $99 price target." Mizuho initiates Tower Semiconductor as outperform Mizuho said the stock is a "foundry leader." "We are initiating TSEM at Outperform with a $300PT." HSBC upgrades BP to buy from hold HSBC said the stock will "deleverage faster." "We expect BP t o deleverage faster than we previously forecasted and be less reliant on asset disposals." Bernstein initiates CF Industries as outperform Bernstein said the stock is "quality compounding." "We initiate coverage of CF Industries (CF) with an Outperform rating and a Price Target of $162, 34% upside." Bernstein upgrades 3M to market perform from underperform Bernstein said it sees margin expansion. "We are upgradin g 3M to Market-Perform based on a refreshed understanding of the transformation." Bank of America reiterates Advanced Micro Devices as buy The firm raised its price target on top pick AMD. "Reit AMD Buy, top CPU pick, raise CY27/28E ests. +2-3%; PO to $720 (from $620) on 30x CY28PE (27x prior) reflecting higher CPU ASPs from agentic mix." Bernstein reiterates Apple as outperform The firm said it's sticking with its buy rating but has margin concerns. "Apple's recent product release didn't disappoint but given rising memory costs, concerns linger on what this means for gross margins in the December quarter." JPMorgan initiates Genius Sports as overweight JPMorgan said the sports data and adtech platform is firing on all cylinders. "We are initiating on Genius Sports (GENI) at OW with a Dec 2027 price target of $8, ~40% upside from current levels." Read more. KeyBanc initiates Lumexa Imaging Holdings as overweight KeyBanc said shares of Lumexa are compelling. "Powerful growth drivers. ... .LMRI's stock currently trades for ~7x forward EBITDA vs. comps near 10-15x+." Barclays upgrades Humana to overweight from equal weight Barclays said Humana shares are too attractive to ignore. "Tactically, we find the setup particularly compelling..." Deutsche Bank reiterates Tesla as buy Deutsche said it's standing by its buy rating. " Tesla stock continues to face many cross currents. While 3Q deliveries are tracking softer than expected, we would not expect the stock to move too much outside the extremes." Deutsche Bank reiterates Meta as buy Deutsche raised its price target on Meta to $820 per share from $750. "Muse has taken off electrically, tracking far ahead of recent app launches within the AI space." Truist initiates Cardinal Infrastructure Group as buy Truist said the infrastructure company is a long-term growth story. "We initiate Buy on CDNL with a $40 PT. The stock was recently hurt by 1) the 'data center trade' stock correction despite CDNL's limited exposure & 2) weak 2Q26 earnings after its June equity offering." Bank of America downgrades Nike to underperform from neutral Bank of America said the risks are "rising." "We see downside risk to EPS estimates and valuation as Nike's innovation continues to be overshadowed by a pressured classics business, while category and macro pressures build." Loop initiates Global Payments as buy Loop said the payments company has plenty of upside. "Initiating Global Payments with a BUY rating and $137 PT..." Needham initiates Wealthfront as buy Needham said the company has a "genuinely differentiated" platform. " WLTH is currently the only public pure-play robo-advisor." Goldman Sachs reiterates Costco as buy Goldman lowered its price target on Costco f ollowing earnings to $1,134 per share from $1,159 but says it's sticking with the stock. "The company is well positioned to benefit from younger members and additional 3P [third party] delivery options."

Here are Friday's biggest calls on Wall Street: Wells Fargo initiates Johnson Controls as overweight Wells said the company is a "self help" story. "We initiate at Overweight on JCI, which has graduated to the HVAC 'haves': record backlog, DC-led orders, self-help on margins provide visibility to above-average EPS growth." UBS initiates Chemed as buy UBS said the hospice and palliative services company is attractive at current levels. "We initiate coverage of Chemed (CHE) with a Buy rating." Mizuho reiterates SpaceX as outperform Mizuho said it sees more upside. "AI segment pricing looks hot. Recent third-party pricing actions strengthen our confidence that SPCX can sustain premium compute pricing as it brings incremental capacity to market." Wolfe upgrades Fervo Energy to outperform from peer perform Wolfe said Fervo shares are intriguing. "We see the current price as an attractive entry point for the leading player in an exciting new power vertical" Citizens initiates Pursuit Attractions as market outperform Citizens said the attractions and lodges company is compelling. "Initiating coverage on Pursuit Attractions and Hospitality with a Market Outperform rating." Barclays initiates Ligand Pharmaceuticals as overweight Barclays said the company has a unique offering. " LGND i s a differentiated company focused on aggregating biopharma royalties." Needham initiates PDF Solutions as buy Needham said the semis analytics company has plenty more room to run. " PDFS is not a well-understood name, because what they do is hard, and understanding what they do is even harder." Canaccord initiates Merlin as buy Canaccord said it's bullish on the autonomous flight tech company. "We are launching coverage on Merlin Labs with a BUY rating and a $7.50 price target." Truist upgrades First Financial Bancorp to buy from hold The firm said it's a beneficiary of rising rates. "We are upgrading First Financial (FFBC) to Buy, as we see mid to high single digit upside to consensus as rising rates filter in." Seaport reiterates Nvidia as sell Seaport said it's standing by its sell rating. "We remain cautious on Nvidia. They have no easy way to surprise to the upside - limited by TSMC capacity and the law of large numbers. And time is not on their side, the competition is growing, to the point that Nvidia is now leaning heavily on its balance sheet and a bundling of its products to drive numbers." UBS upgrades Stem to buy from neutral UBS said the AI software company is at an "earnings inflection." "We upgrade STEM to Buy from Neutral as 2Q26 provided the clearest evidence to date that the company's software-centric strategy is producing a sustainable earnings inflection." StoneX initiates Viking Holdings as buy StoneX said the company is a "distinctive luxury travel platform." "We initiate coverage of Viking with a Buy rating and a $99 price target." Mizuho initiates Tower Semiconductor as outperform Mizuho said the stock is a "foundry leader." "We are initiating TSEM at Outperform with a $300PT." HSBC upgrades BP to buy from hold HSBC said the stock will "deleverage faster." "We expect BP t o deleverage faster than we previously forecasted and be less reliant on asset disposals." Bernstein initiates CF Industries as outperform Bernstein said the stock is "quality compounding." "We initiate coverage of CF Industries (CF) with an Outperform rating and a Price Target of $162, 34% upside." Bernstein upgrades 3M to market perform from underperform Bernstein said it sees margin expansion. "We are upgradin g 3M to Market-Perform based on a refreshed understanding of the transformation." Bank of America reiterates Advanced Micro Devices as buy The firm raised its price target on top pick AMD. "Reit AMD Buy, top CPU pick, raise CY27/28E ests. +2-3%; PO to $720 (from $620) on 30x CY28PE (27x prior) reflecting higher CPU ASPs from agentic mix." Bernstein reiterates Apple as outperform The firm said it's sticking with its buy rating but has margin concerns. "Apple's recent product release didn't disappoint but given rising memory costs, concerns linger on what this means for gross margins in the December quarter." JPMorgan initiates Genius Sports as overweight JPMorgan said the sports data and adtech platform is firing on all cylinders. "We are initiating on Genius Sports (GENI) at OW with a Dec 2027 price target of $8, ~40% upside from current levels." Read more. KeyBanc initiates Lumexa Imaging Holdings as overweight KeyBanc said shares of Lumexa are compelling. "Powerful growth drivers. ... .LMRI's stock currently trades for ~7x forward EBITDA vs. comps near 10-15x+." Barclays upgrades Humana to overweight from equal weight Barclays said Humana shares are too attractive to ignore. "Tactically, we find the setup particularly compelling..." Deutsche Bank reiterates Tesla as buy Deutsche said it's standing by its buy rating. " Tesla stock continues to face many cross currents. While 3Q deliveries are tracking softer than expected, we would not expect the stock to move too much outside the extremes." Deutsche Bank reiterates Meta as buy Deutsche raised its price target on Meta to $820 per share from $750. "Muse has taken off electrically, tracking far ahead of recent app launches within the AI space." Truist initiates Cardinal Infrastructure Group as buy Truist said the infrastructure company is a long-term growth story. "We initiate Buy on CDNL with a $40 PT. The stock was recently hurt by 1) the 'data center trade' stock correction despite CDNL's limited exposure & 2) weak 2Q26 earnings after its June equity offering." Bank of America downgrades Nike to underperform from neutral Bank of America said the risks are "rising." "We see downside risk to EPS estimates and valuation as Nike's innovation continues to be overshadowed by a pressured classics business, while category and macro pressures build." Loop initiates Global Payments as buy Loop said the payments company has plenty of upside. "Initiating Global Payments with a BUY rating and $137 PT..." Needham initiates Wealthfront as buy Needham said the company has a "genuinely differentiated" platform. " WLTH is currently the only public pure-play robo-advisor." Goldman Sachs reiterates Costco as buy Goldman lowered its price target on Costco f ollowing earnings to $1,134 per share from $1,159 but says it's sticking with the stock. "The company is well positioned to benefit from younger members and additional 3P [third party] delivery options."

Here are Friday's biggest calls on Wall Street: Wells Fargo initiates Johnson Controls as overweight Wells said the company is a "self help" story. "We initiate at Overweight on JCI, which has graduated to the HVAC 'haves': record backlog, DC-led orders, self-help on margins provide visibility to above-average EPS growth." UBS initiates Chemed as buy UBS said the hospice and palliative services company is attractive at current levels. "We initiate coverage of Chemed (CHE) with a Buy rating." Mizuho reiterates SpaceX as outperform Mizuho said it sees more upside. "AI segment pricing looks hot. Recent third-party pricing actions strengthen our confidence that SPCX can sustain premium compute pricing as it brings incremental capacity to market." Wolfe upgrades Fervo Energy to outperform from peer perform Wolfe said Fervo shares are intriguing. "We see the current price as an attractive entry point for the leading player in an exciting new power vertical" Citizens initiates Pursuit Attractions as market outperform Citizens said the attractions and lodges company is compelling. "Initiating coverage on Pursuit Attractions and Hospitality with a Market Outperform rating." Barclays initiates Ligand Pharmaceuticals as overweight Barclays said the company has a unique offering. " LGND i s a differentiated company focused on aggregating biopharma royalties." Needham initiates PDF Solutions as buy Needham said the semis analytics company has plenty more room to run. " PDFS is not a well-understood name, because what they do is hard, and understanding what they do is even harder." Canaccord initiates Merlin as buy Canaccord said it's bullish on the autonomous flight tech company. "We are launching coverage on Merlin Labs with a BUY rating and a $7.50 price target." Truist upgrades First Financial Bancorp to buy from hold The firm said it's a beneficiary of rising rates. "We are upgrading First Financial (FFBC) to Buy, as we see mid to high single digit upside to consensus as rising rates filter in." Seaport reiterates Nvidia as sell Seaport said it's standing by its sell rating. "We remain cautious on Nvidia. They have no easy way to surprise to the upside - limited by TSMC capacity and the law of large numbers. And time is not on their side, the competition is growing, to the point that Nvidia is now leaning heavily on its balance sheet and a bundling of its products to drive numbers." UBS upgrades Stem to buy from neutral UBS said the AI software company is at an "earnings inflection." "We upgrade STEM to Buy from Neutral as 2Q26 provided the clearest evidence to date that the company's software-centric strategy is producing a sustainable earnings inflection." StoneX initiates Viking Holdings as buy StoneX said the company is a "distinctive luxury travel platform." "We initiate coverage of Viking with a Buy rating and a $99 price target." Mizuho initiates Tower Semiconductor as outperform Mizuho said the stock is a "foundry leader." "We are initiating TSEM at Outperform with a $300PT." HSBC upgrades BP to buy from hold HSBC said the stock will "deleverage faster." "We expect BP t o deleverage faster than we previously forecasted and be less reliant on asset disposals." Bernstein initiates CF Industries as outperform Bernstein said the stock is "quality compounding." "We initiate coverage of CF Industries (CF) with an Outperform rating and a Price Target of $162, 34% upside." Bernstein upgrades 3M to market perform from underperform Bernstein said it sees margin expansion. "We are upgradin g 3M to Market-Perform based on a refreshed understanding of the transformation." Bank of America reiterates Advanced Micro Devices as buy The firm raised its price target on top pick AMD. "Reit AMD Buy, top CPU pick, raise CY27/28E ests. +2-3%; PO to $720 (from $620) on 30x CY28PE (27x prior) reflecting higher CPU ASPs from agentic mix." Bernstein reiterates Apple as outperform The firm said it's sticking with its buy rating but has margin concerns. "Apple's recent product release didn't disappoint but given rising memory costs, concerns linger on what this means for gross margins in the December quarter." JPMorgan initiates Genius Sports as overweight JPMorgan said the sports data and adtech platform is firing on all cylinders. "We are initiating on Genius Sports (GENI) at OW with a Dec 2027 price target of $8, ~40% upside from current levels." Read more. KeyBanc initiates Lumexa Imaging Holdings as overweight KeyBanc said shares of Lumexa are compelling. "Powerful growth drivers. ... .LMRI's stock currently trades for ~7x forward EBITDA vs. comps near 10-15x+." Barclays upgrades Humana to overweight from equal weight Barclays said Humana shares are too attractive to ignore. "Tactically, we find the setup particularly compelling..." Deutsche Bank reiterates Tesla as buy Deutsche said it's standing by its buy rating. " Tesla stock continues to face many cross currents. While 3Q deliveries are tracking softer than expected, we would not expect the stock to move too much outside the extremes." Deutsche Bank reiterates Meta as buy Deutsche raised its price target on Meta to $820 per share from $750. "Muse has taken off electrically, tracking far ahead of recent app launches within the AI space." Truist initiates Cardinal Infrastructure Group as buy Truist said the infrastructure company is a long-term growth story. "We initiate Buy on CDNL with a $40 PT. The stock was recently hurt by 1) the 'data center trade' stock correction despite CDNL's limited exposure & 2) weak 2Q26 earnings after its June equity offering." Bank of America downgrades Nike to underperform from neutral Bank of America said the risks are "rising." "We see downside risk to EPS estimates and valuation as Nike's innovation continues to be overshadowed by a pressured classics business, while category and macro pressures build." Loop initiates Global Payments as buy Loop said the payments company has plenty of upside. "Initiating Global Payments with a BUY rating and $137 PT..." Needham initiates Wealthfront as buy Needham said the company has a "genuinely differentiated" platform. " WLTH is currently the only public pure-play robo-advisor." Goldman Sachs reiterates Costco as buy Goldman lowered its price target on Costco f ollowing earnings to $1,134 per share from $1,159 but says it's sticking with the stock. "The company is well positioned to benefit from younger members and additional 3P [third party] delivery options."

Here are Friday's biggest calls on Wall Street: Wells Fargo initiates Johnson Controls as overweight Wells said the company is a "self help" story. "We initiate at Overweight on JCI, which has graduated to the HVAC 'haves': record backlog, DC-led orders, self-help on margins provide visibility to above-average EPS growth." UBS initiates Chemed as buy UBS said the hospice and palliative services company is attractive at current levels. "We initiate coverage of Chemed (CHE) with a Buy rating." Mizuho reiterates SpaceX as outperform Mizuho said it sees more upside. "AI segment pricing looks hot. Recent third-party pricing actions strengthen our confidence that SPCX can sustain premium compute pricing as it brings incremental capacity to market." Wolfe upgrades Fervo Energy to outperform from peer perform Wolfe said Fervo shares are intriguing. "We see the current price as an attractive entry point for the leading player in an exciting new power vertical" Citizens initiates Pursuit Attractions as market outperform Citizens said the attractions and lodges company is compelling. "Initiating coverage on Pursuit Attractions and Hospitality with a Market Outperform rating." Barclays initiates Ligand Pharmaceuticals as overweight Barclays said the company has a unique offering. " LGND i s a differentiated company focused on aggregating biopharma royalties." Needham initiates PDF Solutions as buy Needham said the semis analytics company has plenty more room to run. " PDFS is not a well-understood name, because what they do is hard, and understanding what they do is even harder." Canaccord initiates Merlin as buy Canaccord said it's bullish on the autonomous flight tech company. "We are launching coverage on Merlin Labs with a BUY rating and a $7.50 price target." Truist upgrades First Financial Bancorp to buy from hold The firm said it's a beneficiary of rising rates. "We are upgrading First Financial (FFBC) to Buy, as we see mid to high single digit upside to consensus as rising rates filter in." Seaport reiterates Nvidia as sell Seaport said it's standing by its sell rating. "We remain cautious on Nvidia. They have no easy way to surprise to the upside - limited by TSMC capacity and the law of large numbers. And time is not on their side, the competition is growing, to the point that Nvidia is now leaning heavily on its balance sheet and a bundling of its products to drive numbers." UBS upgrades Stem to buy from neutral UBS said the AI software company is at an "earnings inflection." "We upgrade STEM to Buy from Neutral as 2Q26 provided the clearest evidence to date that the company's software-centric strategy is producing a sustainable earnings inflection." StoneX initiates Viking Holdings as buy StoneX said the company is a "distinctive luxury travel platform." "We initiate coverage of Viking with a Buy rating and a $99 price target." Mizuho initiates Tower Semiconductor as outperform Mizuho said the stock is a "foundry leader." "We are initiating TSEM at Outperform with a $300PT." HSBC upgrades BP to buy from hold HSBC said the stock will "deleverage faster." "We expect BP t o deleverage faster than we previously forecasted and be less reliant on asset disposals." Bernstein initiates CF Industries as outperform Bernstein said the stock is "quality compounding." "We initiate coverage of CF Industries (CF) with an Outperform rating and a Price Target of $162, 34% upside." Bernstein upgrades 3M to market perform from underperform Bernstein said it sees margin expansion. "We are upgradin g 3M to Market-Perform based on a refreshed understanding of the transformation." Bank of America reiterates Advanced Micro Devices as buy The firm raised its price target on top pick AMD. "Reit AMD Buy, top CPU pick, raise CY27/28E ests. +2-3%; PO to $720 (from $620) on 30x CY28PE (27x prior) reflecting higher CPU ASPs from agentic mix." Bernstein reiterates Apple as outperform The firm said it's sticking with its buy rating but has margin concerns. "Apple's recent product release didn't disappoint but given rising memory costs, concerns linger on what this means for gross margins in the December quarter." JPMorgan initiates Genius Sports as overweight JPMorgan said the sports data and adtech platform is firing on all cylinders. "We are initiating on Genius Sports (GENI) at OW with a Dec 2027 price target of $8, ~40% upside from current levels." Read more. KeyBanc initiates Lumexa Imaging Holdings as overweight KeyBanc said shares of Lumexa are compelling. "Powerful growth drivers. ... .LMRI's stock currently trades for ~7x forward EBITDA vs. comps near 10-15x+." Barclays upgrades Humana to overweight from equal weight Barclays said Humana shares are too attractive to ignore. "Tactically, we find the setup particularly compelling..." Deutsche Bank reiterates Tesla as buy Deutsche said it's standing by its buy rating. " Tesla stock continues to face many cross currents. While 3Q deliveries are tracking softer than expected, we would not expect the stock to move too much outside the extremes." Deutsche Bank reiterates Meta as buy Deutsche raised its price target on Meta to $820 per share from $750. "Muse has taken off electrically, tracking far ahead of recent app launches within the AI space." Truist initiates Cardinal Infrastructure Group as buy Truist said the infrastructure company is a long-term growth story. "We initiate Buy on CDNL with a $40 PT. The stock was recently hurt by 1) the 'data center trade' stock correction despite CDNL's limited exposure & 2) weak 2Q26 earnings after its June equity offering." Bank of America downgrades Nike to underperform from neutral Bank of America said the risks are "rising." "We see downside risk to EPS estimates and valuation as Nike's innovation continues to be overshadowed by a pressured classics business, while category and macro pressures build." Loop initiates Global Payments as buy Loop said the payments company has plenty of upside. "Initiating Global Payments with a BUY rating and $137 PT..." Needham initiates Wealthfront as buy Needham said the company has a "genuinely differentiated" platform. " WLTH is currently the only public pure-play robo-advisor." Goldman Sachs reiterates Costco as buy Goldman lowered its price target on Costco f ollowing earnings to $1,134 per share from $1,159 but says it's sticking with the stock. "The company is well positioned to benefit from younger members and additional 3P [third party] delivery options."

Here are Friday's biggest calls on Wall Street: Wells Fargo initiates Johnson Controls as overweight Wells said the company is a "self help" story. "We initiate at Overweight on JCI, which has graduated to the HVAC 'haves': record backlog, DC-led orders, self-help on margins provide visibility to above-average EPS growth." UBS initiates Chemed as buy UBS said the hospice and palliative services company is attractive at current levels. "We initiate coverage of Chemed (CHE) with a Buy rating." Mizuho reiterates SpaceX as outperform Mizuho said it sees more upside. "AI segment pricing looks hot. Recent third-party pricing actions strengthen our confidence that SPCX can sustain premium compute pricing as it brings incremental capacity to market." Wolfe upgrades Fervo Energy to outperform from peer perform Wolfe said Fervo shares are intriguing. "We see the current price as an attractive entry point for the leading player in an exciting new power vertical" Citizens initiates Pursuit Attractions as market outperform Citizens said the attractions and lodges company is compelling. "Initiating coverage on Pursuit Attractions and Hospitality with a Market Outperform rating." Barclays initiates Ligand Pharmaceuticals as overweight Barclays said the company has a unique offering. " LGND i s a differentiated company focused on aggregating biopharma royalties." Needham initiates PDF Solutions as buy Needham said the semis analytics company has plenty more room to run. " PDFS is not a well-understood name, because what they do is hard, and understanding what they do is even harder." Canaccord initiates Merlin as buy Canaccord said it's bullish on the autonomous flight tech company. "We are launching coverage on Merlin Labs with a BUY rating and a $7.50 price target." Truist upgrades First Financial Bancorp to buy from hold The firm said it's a beneficiary of rising rates. "We are upgrading First Financial (FFBC) to Buy, as we see mid to high single digit upside to consensus as rising rates filter in." Seaport reiterates Nvidia as sell Seaport said it's standing by its sell rating. "We remain cautious on Nvidia. They have no easy way to surprise to the upside - limited by TSMC capacity and the law of large numbers. And time is not on their side, the competition is growing, to the point that Nvidia is now leaning heavily on its balance sheet and a bundling of its products to drive numbers." UBS upgrades Stem to buy from neutral UBS said the AI software company is at an "earnings inflection." "We upgrade STEM to Buy from Neutral as 2Q26 provided the clearest evidence to date that the company's software-centric strategy is producing a sustainable earnings inflection." StoneX initiates Viking Holdings as buy StoneX said the company is a "distinctive luxury travel platform." "We initiate coverage of Viking with a Buy rating and a $99 price target." Mizuho initiates Tower Semiconductor as outperform Mizuho said the stock is a "foundry leader." "We are initiating TSEM at Outperform with a $300PT." HSBC upgrades BP to buy from hold HSBC said the stock will "deleverage faster." "We expect BP t o deleverage faster than we previously forecasted and be less reliant on asset disposals." Bernstein initiates CF Industries as outperform Bernstein said the stock is "quality compounding." "We initiate coverage of CF Industries (CF) with an Outperform rating and a Price Target of $162, 34% upside." Bernstein upgrades 3M to market perform from underperform Bernstein said it sees margin expansion. "We are upgradin g 3M to Market-Perform based on a refreshed understanding of the transformation." Bank of America reiterates Advanced Micro Devices as buy The firm raised its price target on top pick AMD. "Reit AMD Buy, top CPU pick, raise CY27/28E ests. +2-3%; PO to $720 (from $620) on 30x CY28PE (27x prior) reflecting higher CPU ASPs from agentic mix." Bernstein reiterates Apple as outperform The firm said it's sticking with its buy rating but has margin concerns. "Apple's recent product release didn't disappoint but given rising memory costs, concerns linger on what this means for gross margins in the December quarter." JPMorgan initiates Genius Sports as overweight JPMorgan said the sports data and adtech platform is firing on all cylinders. "We are initiating on Genius Sports (GENI) at OW with a Dec 2027 price target of $8, ~40% upside from current levels." Read more. KeyBanc initiates Lumexa Imaging Holdings as overweight KeyBanc said shares of Lumexa are compelling. "Powerful growth drivers. ... .LMRI's stock currently trades for ~7x forward EBITDA vs. comps near 10-15x+." Barclays upgrades Humana to overweight from equal weight Barclays said Humana shares are too attractive to ignore. "Tactically, we find the setup particularly compelling..." Deutsche Bank reiterates Tesla as buy Deutsche said it's standing by its buy rating. " Tesla stock continues to face many cross currents. While 3Q deliveries are tracking softer than expected, we would not expect the stock to move too much outside the extremes." Deutsche Bank reiterates Meta as buy Deutsche raised its price target on Meta to $820 per share from $750. "Muse has taken off electrically, tracking far ahead of recent app launches within the AI space." Truist initiates Cardinal Infrastructure Group as buy Truist said the infrastructure company is a long-term growth story. "We initiate Buy on CDNL with a $40 PT. The stock was recently hurt by 1) the 'data center trade' stock correction despite CDNL's limited exposure & 2) weak 2Q26 earnings after its June equity offering." Bank of America downgrades Nike to underperform from neutral Bank of America said the risks are "rising." "We see downside risk to EPS estimates and valuation as Nike's innovation continues to be overshadowed by a pressured classics business, while category and macro pressures build." Loop initiates Global Payments as buy Loop said the payments company has plenty of upside. "Initiating Global Payments with a BUY rating and $137 PT..." Needham initiates Wealthfront as buy Needham said the company has a "genuinely differentiated" platform. " WLTH is currently the only public pure-play robo-advisor." Goldman Sachs reiterates Costco as buy Goldman lowered its price target on Costco f ollowing earnings to $1,134 per share from $1,159 but says it's sticking with the stock. "The company is well positioned to benefit from younger members and additional 3P [third party] delivery options."

Here are Friday's biggest calls on Wall Street: Wells Fargo initiates Johnson Controls as overweight Wells said the company is a "self help" story. "We initiate at Overweight on JCI, which has graduated to the HVAC 'haves': record backlog, DC-led orders, self-help on margins provide visibility to above-average EPS growth." UBS initiates Chemed as buy UBS said the hospice and palliative services company is attractive at current levels. "We initiate coverage of Chemed (CHE) with a Buy rating." Mizuho reiterates SpaceX as outperform Mizuho said it sees more upside. "AI segment pricing looks hot. Recent third-party pricing actions strengthen our confidence that SPCX can sustain premium compute pricing as it brings incremental capacity to market." Wolfe upgrades Fervo Energy to outperform from peer perform Wolfe said Fervo shares are intriguing. "We see the current price as an attractive entry point for the leading player in an exciting new power vertical" Citizens initiates Pursuit Attractions as market outperform Citizens said the attractions and lodges company is compelling. "Initiating coverage on Pursuit Attractions and Hospitality with a Market Outperform rating." Barclays initiates Ligand Pharmaceuticals as overweight Barclays said the company has a unique offering. " LGND i s a differentiated company focused on aggregating biopharma royalties." Needham initiates PDF Solutions as buy Needham said the semis analytics company has plenty more room to run. " PDFS is not a well-understood name, because what they do is hard, and understanding what they do is even harder." Canaccord initiates Merlin as buy Canaccord said it's bullish on the autonomous flight tech company. "We are launching coverage on Merlin Labs with a BUY rating and a $7.50 price target." Truist upgrades First Financial Bancorp to buy from hold The firm said it's a beneficiary of rising rates. "We are upgrading First Financial (FFBC) to Buy, as we see mid to high single digit upside to consensus as rising rates filter in." Seaport reiterates Nvidia as sell Seaport said it's standing by its sell rating. "We remain cautious on Nvidia. They have no easy way to surprise to the upside - limited by TSMC capacity and the law of large numbers. And time is not on their side, the competition is growing, to the point that Nvidia is now leaning heavily on its balance sheet and a bundling of its products to drive numbers." UBS upgrades Stem to buy from neutral UBS said the AI software company is at an "earnings inflection." "We upgrade STEM to Buy from Neutral as 2Q26 provided the clearest evidence to date that the company's software-centric strategy is producing a sustainable earnings inflection." StoneX initiates Viking Holdings as buy StoneX said the company is a "distinctive luxury travel platform." "We initiate coverage of Viking with a Buy rating and a $99 price target." Mizuho initiates Tower Semiconductor as outperform Mizuho said the stock is a "foundry leader." "We are initiating TSEM at Outperform with a $300PT." HSBC upgrades BP to buy from hold HSBC said the stock will "deleverage faster." "We expect BP t o deleverage faster than we previously forecasted and be less reliant on asset disposals." Bernstein initiates CF Industries as outperform Bernstein said the stock is "quality compounding." "We initiate coverage of CF Industries (CF) with an Outperform rating and a Price Target of $162, 34% upside." Bernstein upgrades 3M to market perform from underperform Bernstein said it sees margin expansion. "We are upgradin g 3M to Market-Perform based on a refreshed understanding of the transformation." Bank of America reiterates Advanced Micro Devices as buy The firm raised its price target on top pick AMD. "Reit AMD Buy, top CPU pick, raise CY27/28E ests. +2-3%; PO to $720 (from $620) on 30x CY28PE (27x prior) reflecting higher CPU ASPs from agentic mix." Bernstein reiterates Apple as outperform The firm said it's sticking with its buy rating but has margin concerns. "Apple's recent product release didn't disappoint but given rising memory costs, concerns linger on what this means for gross margins in the December quarter." JPMorgan initiates Genius Sports as overweight JPMorgan said the sports data and adtech platform is firing on all cylinders. "We are initiating on Genius Sports (GENI) at OW with a Dec 2027 price target of $8, ~40% upside from current levels." Read more. KeyBanc initiates Lumexa Imaging Holdings as overweight KeyBanc said shares of Lumexa are compelling. "Powerful growth drivers. ... .LMRI's stock currently trades for ~7x forward EBITDA vs. comps near 10-15x+." Barclays upgrades Humana to overweight from equal weight Barclays said Humana shares are too attractive to ignore. "Tactically, we find the setup particularly compelling..." Deutsche Bank reiterates Tesla as buy Deutsche said it's standing by its buy rating. " Tesla stock continues to face many cross currents. While 3Q deliveries are tracking softer than expected, we would not expect the stock to move too much outside the extremes." Deutsche Bank reiterates Meta as buy Deutsche raised its price target on Meta to $820 per share from $750. "Muse has taken off electrically, tracking far ahead of recent app launches within the AI space." Truist initiates Cardinal Infrastructure Group as buy Truist said the infrastructure company is a long-term growth story. "We initiate Buy on CDNL with a $40 PT. The stock was recently hurt by 1) the 'data center trade' stock correction despite CDNL's limited exposure & 2) weak 2Q26 earnings after its June equity offering." Bank of America downgrades Nike to underperform from neutral Bank of America said the risks are "rising." "We see downside risk to EPS estimates and valuation as Nike's innovation continues to be overshadowed by a pressured classics business, while category and macro pressures build." Loop initiates Global Payments as buy Loop said the payments company has plenty of upside. "Initiating Global Payments with a BUY rating and $137 PT..." Needham initiates Wealthfront as buy Needham said the company has a "genuinely differentiated" platform. " WLTH is currently the only public pure-play robo-advisor." Goldman Sachs reiterates Costco as buy Goldman lowered its price target on Costco f ollowing earnings to $1,134 per share from $1,159 but says it's sticking with the stock. "The company is well positioned to benefit from younger members and additional 3P [third party] delivery options."

Here are Friday's biggest calls on Wall Street: Wells Fargo initiates Johnson Controls as overweight Wells said the company is a "self help" story. "We initiate at Overweight on JCI, which has graduated to the HVAC 'haves': record backlog, DC-led orders, self-help on margins provide visibility to above-average EPS growth." UBS initiates Chemed as buy UBS said the hospice and palliative services company is attractive at current levels. "We initiate coverage of Chemed (CHE) with a Buy rating." Mizuho reiterates SpaceX as outperform Mizuho said it sees more upside. "AI segment pricing looks hot. Recent third-party pricing actions strengthen our confidence that SPCX can sustain premium compute pricing as it brings incremental capacity to market." Wolfe upgrades Fervo Energy to outperform from peer perform Wolfe said Fervo shares are intriguing. "We see the current price as an attractive entry point for the leading player in an exciting new power vertical" Citizens initiates Pursuit Attractions as market outperform Citizens said the attractions and lodges company is compelling. "Initiating coverage on Pursuit Attractions and Hospitality with a Market Outperform rating." Barclays initiates Ligand Pharmaceuticals as overweight Barclays said the company has a unique offering. " LGND i s a differentiated company focused on aggregating biopharma royalties." Needham initiates PDF Solutions as buy Needham said the semis analytics company has plenty more room to run. " PDFS is not a well-understood name, because what they do is hard, and understanding what they do is even harder." Canaccord initiates Merlin as buy Canaccord said it's bullish on the autonomous flight tech company. "We are launching coverage on Merlin Labs with a BUY rating and a $7.50 price target." Truist upgrades First Financial Bancorp to buy from hold The firm said it's a beneficiary of rising rates. "We are upgrading First Financial (FFBC) to Buy, as we see mid to high single digit upside to consensus as rising rates filter in." Seaport reiterates Nvidia as sell Seaport said it's standing by its sell rating. "We remain cautious on Nvidia. They have no easy way to surprise to the upside - limited by TSMC capacity and the law of large numbers. And time is not on their side, the competition is growing, to the point that Nvidia is now leaning heavily on its balance sheet and a bundling of its products to drive numbers." UBS upgrades Stem to buy from neutral UBS said the AI software company is at an "earnings inflection." "We upgrade STEM to Buy from Neutral as 2Q26 provided the clearest evidence to date that the company's software-centric strategy is producing a sustainable earnings inflection." StoneX initiates Viking Holdings as buy StoneX said the company is a "distinctive luxury travel platform." "We initiate coverage of Viking with a Buy rating and a $99 price target." Mizuho initiates Tower Semiconductor as outperform Mizuho said the stock is a "foundry leader." "We are initiating TSEM at Outperform with a $300PT." HSBC upgrades BP to buy from hold HSBC said the stock will "deleverage faster." "We expect BP t o deleverage faster than we previously forecasted and be less reliant on asset disposals." Bernstein initiates CF Industries as outperform Bernstein said the stock is "quality compounding." "We initiate coverage of CF Industries (CF) with an Outperform rating and a Price Target of $162, 34% upside." Bernstein upgrades 3M to market perform from underperform Bernstein said it sees margin expansion. "We are upgradin g 3M to Market-Perform based on a refreshed understanding of the transformation." Bank of America reiterates Advanced Micro Devices as buy The firm raised its price target on top pick AMD. "Reit AMD Buy, top CPU pick, raise CY27/28E ests. +2-3%; PO to $720 (from $620) on 30x CY28PE (27x prior) reflecting higher CPU ASPs from agentic mix." Bernstein reiterates Apple as outperform The firm said it's sticking with its buy rating but has margin concerns. "Apple's recent product release didn't disappoint but given rising memory costs, concerns linger on what this means for gross margins in the December quarter." JPMorgan initiates Genius Sports as overweight JPMorgan said the sports data and adtech platform is firing on all cylinders. "We are initiating on Genius Sports (GENI) at OW with a Dec 2027 price target of $8, ~40% upside from current levels." Read more. KeyBanc initiates Lumexa Imaging Holdings as overweight KeyBanc said shares of Lumexa are compelling. "Powerful growth drivers. ... .LMRI's stock currently trades for ~7x forward EBITDA vs. comps near 10-15x+." Barclays upgrades Humana to overweight from equal weight Barclays said Humana shares are too attractive to ignore. "Tactically, we find the setup particularly compelling..." Deutsche Bank reiterates Tesla as buy Deutsche said it's standing by its buy rating. " Tesla stock continues to face many cross currents. While 3Q deliveries are tracking softer than expected, we would not expect the stock to move too much outside the extremes." Deutsche Bank reiterates Meta as buy Deutsche raised its price target on Meta to $820 per share from $750. "Muse has taken off electrically, tracking far ahead of recent app launches within the AI space." Truist initiates Cardinal Infrastructure Group as buy Truist said the infrastructure company is a long-term growth story. "We initiate Buy on CDNL with a $40 PT. The stock was recently hurt by 1) the 'data center trade' stock correction despite CDNL's limited exposure & 2) weak 2Q26 earnings after its June equity offering." Bank of America downgrades Nike to underperform from neutral Bank of America said the risks are "rising." "We see downside risk to EPS estimates and valuation as Nike's innovation continues to be overshadowed by a pressured classics business, while category and macro pressures build." Loop initiates Global Payments as buy Loop said the payments company has plenty of upside. "Initiating Global Payments with a BUY rating and $137 PT..." Needham initiates Wealthfront as buy Needham said the company has a "genuinely differentiated" platform. " WLTH is currently the only public pure-play robo-advisor." Goldman Sachs reiterates Costco as buy Goldman lowered its price target on Costco f ollowing earnings to $1,134 per share from $1,159 but says it's sticking with the stock. "The company is well positioned to benefit from younger members and additional 3P [third party] delivery options."

Here are Friday's biggest calls on Wall Street: Wells Fargo initiates Johnson Controls as overweight Wells said the company is a "self help" story. "We initiate at Overweight on JCI, which has graduated to the HVAC 'haves': record backlog, DC-led orders, self-help on margins provide visibility to above-average EPS growth." UBS initiates Chemed as buy UBS said the hospice and palliative services company is attractive at current levels. "We initiate coverage of Chemed (CHE) with a Buy rating." Mizuho reiterates SpaceX as outperform Mizuho said it sees more upside. "AI segment pricing looks hot. Recent third-party pricing actions strengthen our confidence that SPCX can sustain premium compute pricing as it brings incremental capacity to market." Wolfe upgrades Fervo Energy to outperform from peer perform Wolfe said Fervo shares are intriguing. "We see the current price as an attractive entry point for the leading player in an exciting new power vertical" Citizens initiates Pursuit Attractions as market outperform Citizens said the attractions and lodges company is compelling. "Initiating coverage on Pursuit Attractions and Hospitality with a Market Outperform rating." Barclays initiates Ligand Pharmaceuticals as overweight Barclays said the company has a unique offering. " LGND i s a differentiated company focused on aggregating biopharma royalties." Needham initiates PDF Solutions as buy Needham said the semis analytics company has plenty more room to run. " PDFS is not a well-understood name, because what they do is hard, and understanding what they do is even harder." Canaccord initiates Merlin as buy Canaccord said it's bullish on the autonomous flight tech company. "We are launching coverage on Merlin Labs with a BUY rating and a $7.50 price target." Truist upgrades First Financial Bancorp to buy from hold The firm said it's a beneficiary of rising rates. "We are upgrading First Financial (FFBC) to Buy, as we see mid to high single digit upside to consensus as rising rates filter in." Seaport reiterates Nvidia as sell Seaport said it's standing by its sell rating. "We remain cautious on Nvidia. They have no easy way to surprise to the upside - limited by TSMC capacity and the law of large numbers. And time is not on their side, the competition is growing, to the point that Nvidia is now leaning heavily on its balance sheet and a bundling of its products to drive numbers." UBS upgrades Stem to buy from neutral UBS said the AI software company is at an "earnings inflection." "We upgrade STEM to Buy from Neutral as 2Q26 provided the clearest evidence to date that the company's software-centric strategy is producing a sustainable earnings inflection." StoneX initiates Viking Holdings as buy StoneX said the company is a "distinctive luxury travel platform." "We initiate coverage of Viking with a Buy rating and a $99 price target." Mizuho initiates Tower Semiconductor as outperform Mizuho said the stock is a "foundry leader." "We are initiating TSEM at Outperform with a $300PT." HSBC upgrades BP to buy from hold HSBC said the stock will "deleverage faster." "We expect BP t o deleverage faster than we previously forecasted and be less reliant on asset disposals." Bernstein initiates CF Industries as outperform Bernstein said the stock is "quality compounding." "We initiate coverage of CF Industries (CF) with an Outperform rating and a Price Target of $162, 34% upside." Bernstein upgrades 3M to market perform from underperform Bernstein said it sees margin expansion. "We are upgradin g 3M to Market-Perform based on a refreshed understanding of the transformation." Bank of America reiterates Advanced Micro Devices as buy The firm raised its price target on top pick AMD. "Reit AMD Buy, top CPU pick, raise CY27/28E ests. +2-3%; PO to $720 (from $620) on 30x CY28PE (27x prior) reflecting higher CPU ASPs from agentic mix." Bernstein reiterates Apple as outperform The firm said it's sticking with its buy rating but has margin concerns. "Apple's recent product release didn't disappoint but given rising memory costs, concerns linger on what this means for gross margins in the December quarter." JPMorgan initiates Genius Sports as overweight JPMorgan said the sports data and adtech platform is firing on all cylinders. "We are initiating on Genius Sports (GENI) at OW with a Dec 2027 price target of $8, ~40% upside from current levels." Read more. KeyBanc initiates Lumexa Imaging Holdings as overweight KeyBanc said shares of Lumexa are compelling. "Powerful growth drivers. ... .LMRI's stock currently trades for ~7x forward EBITDA vs. comps near 10-15x+." Barclays upgrades Humana to overweight from equal weight Barclays said Humana shares are too attractive to ignore. "Tactically, we find the setup particularly compelling..." Deutsche Bank reiterates Tesla as buy Deutsche said it's standing by its buy rating. " Tesla stock continues to face many cross currents. While 3Q deliveries are tracking softer than expected, we would not expect the stock to move too much outside the extremes." Deutsche Bank reiterates Meta as buy Deutsche raised its price target on Meta to $820 per share from $750. "Muse has taken off electrically, tracking far ahead of recent app launches within the AI space." Truist initiates Cardinal Infrastructure Group as buy Truist said the infrastructure company is a long-term growth story. "We initiate Buy on CDNL with a $40 PT. The stock was recently hurt by 1) the 'data center trade' stock correction despite CDNL's limited exposure & 2) weak 2Q26 earnings after its June equity offering." Bank of America downgrades Nike to underperform from neutral Bank of America said the risks are "rising." "We see downside risk to EPS estimates and valuation as Nike's innovation continues to be overshadowed by a pressured classics business, while category and macro pressures build." Loop initiates Global Payments as buy Loop said the payments company has plenty of upside. "Initiating Global Payments with a BUY rating and $137 PT..." Needham initiates Wealthfront as buy Needham said the company has a "genuinely differentiated" platform. " WLTH is currently the only public pure-play robo-advisor." Goldman Sachs reiterates Costco as buy Goldman lowered its price target on Costco f ollowing earnings to $1,134 per share from $1,159 but says it's sticking with the stock. "The company is well positioned to benefit from younger members and additional 3P [third party] delivery options."

Here are Friday's biggest calls on Wall Street: Wells Fargo initiates Johnson Controls as overweight Wells said the company is a "self help" story. "We initiate at Overweight on JCI, which has graduated to the HVAC 'haves': record backlog, DC-led orders, self-help on margins provide visibility to above-average EPS growth." UBS initiates Chemed as buy UBS said the hospice and palliative services company is attractive at current levels. "We initiate coverage of Chemed (CHE) with a Buy rating." Mizuho reiterates SpaceX as outperform Mizuho said it sees more upside. "AI segment pricing looks hot. Recent third-party pricing actions strengthen our confidence that SPCX can sustain premium compute pricing as it brings incremental capacity to market." Wolfe upgrades Fervo Energy to outperform from peer perform Wolfe said Fervo shares are intriguing. "We see the current price as an attractive entry point for the leading player in an exciting new power vertical" Citizens initiates Pursuit Attractions as market outperform Citizens said the attractions and lodges company is compelling. "Initiating coverage on Pursuit Attractions and Hospitality with a Market Outperform rating." Barclays initiates Ligand Pharmaceuticals as overweight Barclays said the company has a unique offering. " LGND i s a differentiated company focused on aggregating biopharma royalties." Needham initiates PDF Solutions as buy Needham said the semis analytics company has plenty more room to run. " PDFS is not a well-understood name, because what they do is hard, and understanding what they do is even harder." Canaccord initiates Merlin as buy Canaccord said it's bullish on the autonomous flight tech company. "We are launching coverage on Merlin Labs with a BUY rating and a $7.50 price target." Truist upgrades First Financial Bancorp to buy from hold The firm said it's a beneficiary of rising rates. "We are upgrading First Financial (FFBC) to Buy, as we see mid to high single digit upside to consensus as rising rates filter in." Seaport reiterates Nvidia as sell Seaport said it's standing by its sell rating. "We remain cautious on Nvidia. They have no easy way to surprise to the upside - limited by TSMC capacity and the law of large numbers. And time is not on their side, the competition is growing, to the point that Nvidia is now leaning heavily on its balance sheet and a bundling of its products to drive numbers." UBS upgrades Stem to buy from neutral UBS said the AI software company is at an "earnings inflection." "We upgrade STEM to Buy from Neutral as 2Q26 provided the clearest evidence to date that the company's software-centric strategy is producing a sustainable earnings inflection." StoneX initiates Viking Holdings as buy StoneX said the company is a "distinctive luxury travel platform." "We initiate coverage of Viking with a Buy rating and a $99 price target." Mizuho initiates Tower Semiconductor as outperform Mizuho said the stock is a "foundry leader." "We are initiating TSEM at Outperform with a $300PT." HSBC upgrades BP to buy from hold HSBC said the stock will "deleverage faster." "We expect BP t o deleverage faster than we previously forecasted and be less reliant on asset disposals." Bernstein initiates CF Industries as outperform Bernstein said the stock is "quality compounding." "We initiate coverage of CF Industries (CF) with an Outperform rating and a Price Target of $162, 34% upside." Bernstein upgrades 3M to market perform from underperform Bernstein said it sees margin expansion. "We are upgradin g 3M to Market-Perform based on a refreshed understanding of the transformation." Bank of America reiterates Advanced Micro Devices as buy The firm raised its price target on top pick AMD. "Reit AMD Buy, top CPU pick, raise CY27/28E ests. +2-3%; PO to $720 (from $620) on 30x CY28PE (27x prior) reflecting higher CPU ASPs from agentic mix." Bernstein reiterates Apple as outperform The firm said it's sticking with its buy rating but has margin concerns. "Apple's recent product release didn't disappoint but given rising memory costs, concerns linger on what this means for gross margins in the December quarter." JPMorgan initiates Genius Sports as overweight JPMorgan said the sports data and adtech platform is firing on all cylinders. "We are initiating on Genius Sports (GENI) at OW with a Dec 2027 price target of $8, ~40% upside from current levels." Read more. KeyBanc initiates Lumexa Imaging Holdings as overweight KeyBanc said shares of Lumexa are compelling. "Powerful growth drivers. ... .LMRI's stock currently trades for ~7x forward EBITDA vs. comps near 10-15x+." Barclays upgrades Humana to overweight from equal weight Barclays said Humana shares are too attractive to ignore. "Tactically, we find the setup particularly compelling..." Deutsche Bank reiterates Tesla as buy Deutsche said it's standing by its buy rating. " Tesla stock continues to face many cross currents. While 3Q deliveries are tracking softer than expected, we would not expect the stock to move too much outside the extremes." Deutsche Bank reiterates Meta as buy Deutsche raised its price target on Meta to $820 per share from $750. "Muse has taken off electrically, tracking far ahead of recent app launches within the AI space." Truist initiates Cardinal Infrastructure Group as buy Truist said the infrastructure company is a long-term growth story. "We initiate Buy on CDNL with a $40 PT. The stock was recently hurt by 1) the 'data center trade' stock correction despite CDNL's limited exposure & 2) weak 2Q26 earnings after its June equity offering." Bank of America downgrades Nike to underperform from neutral Bank of America said the risks are "rising." "We see downside risk to EPS estimates and valuation as Nike's innovation continues to be overshadowed by a pressured classics business, while category and macro pressures build." Loop initiates Global Payments as buy Loop said the payments company has plenty of upside. "Initiating Global Payments with a BUY rating and $137 PT..." Needham initiates Wealthfront as buy Needham said the company has a "genuinely differentiated" platform. " WLTH is currently the only public pure-play robo-advisor." Goldman Sachs reiterates Costco as buy Goldman lowered its price target on Costco f ollowing earnings to $1,134 per share from $1,159 but says it's sticking with the stock. "The company is well positioned to benefit from younger members and additional 3P [third party] delivery options."

Here are Friday's biggest calls on Wall Street: Wells Fargo initiates Johnson Controls as overweight Wells said the company is a "self help" story. "We initiate at Overweight on JCI, which has graduated to the HVAC 'haves': record backlog, DC-led orders, self-help on margins provide visibility to above-average EPS growth." UBS initiates Chemed as buy UBS said the hospice and palliative services company is attractive at current levels. "We initiate coverage of Chemed (CHE) with a Buy rating." Mizuho reiterates SpaceX as outperform Mizuho said it sees more upside. "AI segment pricing looks hot. Recent third-party pricing actions strengthen our confidence that SPCX can sustain premium compute pricing as it brings incremental capacity to market." Wolfe upgrades Fervo Energy to outperform from peer perform Wolfe said Fervo shares are intriguing. "We see the current price as an attractive entry point for the leading player in an exciting new power vertical" Citizens initiates Pursuit Attractions as market outperform Citizens said the attractions and lodges company is compelling. "Initiating coverage on Pursuit Attractions and Hospitality with a Market Outperform rating." Barclays initiates Ligand Pharmaceuticals as overweight Barclays said the company has a unique offering. " LGND i s a differentiated company focused on aggregating biopharma royalties." Needham initiates PDF Solutions as buy Needham said the semis analytics company has plenty more room to run. " PDFS is not a well-understood name, because what they do is hard, and understanding what they do is even harder." Canaccord initiates Merlin as buy Canaccord said it's bullish on the autonomous flight tech company. "We are launching coverage on Merlin Labs with a BUY rating and a $7.50 price target." Truist upgrades First Financial Bancorp to buy from hold The firm said it's a beneficiary of rising rates. "We are upgrading First Financial (FFBC) to Buy, as we see mid to high single digit upside to consensus as rising rates filter in." Seaport reiterates Nvidia as sell Seaport said it's standing by its sell rating. "We remain cautious on Nvidia. They have no easy way to surprise to the upside - limited by TSMC capacity and the law of large numbers. And time is not on their side, the competition is growing, to the point that Nvidia is now leaning heavily on its balance sheet and a bundling of its products to drive numbers." UBS upgrades Stem to buy from neutral UBS said the AI software company is at an "earnings inflection." "We upgrade STEM to Buy from Neutral as 2Q26 provided the clearest evidence to date that the company's software-centric strategy is producing a sustainable earnings inflection." StoneX initiates Viking Holdings as buy StoneX said the company is a "distinctive luxury travel platform." "We initiate coverage of Viking with a Buy rating and a $99 price target." Mizuho initiates Tower Semiconductor as outperform Mizuho said the stock is a "foundry leader." "We are initiating TSEM at Outperform with a $300PT." HSBC upgrades BP to buy from hold HSBC said the stock will "deleverage faster." "We expect BP t o deleverage faster than we previously forecasted and be less reliant on asset disposals." Bernstein initiates CF Industries as outperform Bernstein said the stock is "quality compounding." "We initiate coverage of CF Industries (CF) with an Outperform rating and a Price Target of $162, 34% upside." Bernstein upgrades 3M to market perform from underperform Bernstein said it sees margin expansion. "We are upgradin g 3M to Market-Perform based on a refreshed understanding of the transformation." Bank of America reiterates Advanced Micro Devices as buy The firm raised its price target on top pick AMD. "Reit AMD Buy, top CPU pick, raise CY27/28E ests. +2-3%; PO to $720 (from $620) on 30x CY28PE (27x prior) reflecting higher CPU ASPs from agentic mix." Bernstein reiterates Apple as outperform The firm said it's sticking with its buy rating but has margin concerns. "Apple's recent product release didn't disappoint but given rising memory costs, concerns linger on what this means for gross margins in the December quarter." JPMorgan initiates Genius Sports as overweight JPMorgan said the sports data and adtech platform is firing on all cylinders. "We are initiating on Genius Sports (GENI) at OW with a Dec 2027 price target of $8, ~40% upside from current levels." Read more. KeyBanc initiates Lumexa Imaging Holdings as overweight KeyBanc said shares of Lumexa are compelling. "Powerful growth drivers. ... .LMRI's stock currently trades for ~7x forward EBITDA vs. comps near 10-15x+." Barclays upgrades Humana to overweight from equal weight Barclays said Humana shares are too attractive to ignore. "Tactically, we find the setup particularly compelling..." Deutsche Bank reiterates Tesla as buy Deutsche said it's standing by its buy rating. " Tesla stock continues to face many cross currents. While 3Q deliveries are tracking softer than expected, we would not expect the stock to move too much outside the extremes." Deutsche Bank reiterates Meta as buy Deutsche raised its price target on Meta to $820 per share from $750. "Muse has taken off electrically, tracking far ahead of recent app launches within the AI space." Truist initiates Cardinal Infrastructure Group as buy Truist said the infrastructure company is a long-term growth story. "We initiate Buy on CDNL with a $40 PT. The stock was recently hurt by 1) the 'data center trade' stock correction despite CDNL's limited exposure & 2) weak 2Q26 earnings after its June equity offering." Bank of America downgrades Nike to underperform from neutral Bank of America said the risks are "rising." "We see downside risk to EPS estimates and valuation as Nike's innovation continues to be overshadowed by a pressured classics business, while category and macro pressures build." Loop initiates Global Payments as buy Loop said the payments company has plenty of upside. "Initiating Global Payments with a BUY rating and $137 PT..." Needham initiates Wealthfront as buy Needham said the company has a "genuinely differentiated" platform. " WLTH is currently the only public pure-play robo-advisor." Goldman Sachs reiterates Costco as buy Goldman lowered its price target on Costco f ollowing earnings to $1,134 per share from $1,159 but says it's sticking with the stock. "The company is well positioned to benefit from younger members and additional 3P [third party] delivery options."

Here are Friday's biggest calls on Wall Street: Wells Fargo initiates Johnson Controls as overweight Wells said the company is a "self help" story. "We initiate at Overweight on JCI, which has graduated to the HVAC 'haves': record backlog, DC-led orders, self-help on margins provide visibility to above-average EPS growth." UBS initiates Chemed as buy UBS said the hospice and palliative services company is attractive at current levels. "We initiate coverage of Chemed (CHE) with a Buy rating." Mizuho reiterates SpaceX as outperform Mizuho said it sees more upside. "AI segment pricing looks hot. Recent third-party pricing actions strengthen our confidence that SPCX can sustain premium compute pricing as it brings incremental capacity to market." Wolfe upgrades Fervo Energy to outperform from peer perform Wolfe said Fervo shares are intriguing. "We see the current price as an attractive entry point for the leading player in an exciting new power vertical" Citizens initiates Pursuit Attractions as market outperform Citizens said the attractions and lodges company is compelling. "Initiating coverage on Pursuit Attractions and Hospitality with a Market Outperform rating." Barclays initiates Ligand Pharmaceuticals as overweight Barclays said the company has a unique offering. " LGND i s a differentiated company focused on aggregating biopharma royalties." Needham initiates PDF Solutions as buy Needham said the semis analytics company has plenty more room to run. " PDFS is not a well-understood name, because what they do is hard, and understanding what they do is even harder." Canaccord initiates Merlin as buy Canaccord said it's bullish on the autonomous flight tech company. "We are launching coverage on Merlin Labs with a BUY rating and a $7.50 price target." Truist upgrades First Financial Bancorp to buy from hold The firm said it's a beneficiary of rising rates. "We are upgrading First Financial (FFBC) to Buy, as we see mid to high single digit upside to consensus as rising rates filter in." Seaport reiterates Nvidia as sell Seaport said it's standing by its sell rating. "We remain cautious on Nvidia. They have no easy way to surprise to the upside - limited by TSMC capacity and the law of large numbers. And time is not on their side, the competition is growing, to the point that Nvidia is now leaning heavily on its balance sheet and a bundling of its products to drive numbers." UBS upgrades Stem to buy from neutral UBS said the AI software company is at an "earnings inflection." "We upgrade STEM to Buy from Neutral as 2Q26 provided the clearest evidence to date that the company's software-centric strategy is producing a sustainable earnings inflection." StoneX initiates Viking Holdings as buy StoneX said the company is a "distinctive luxury travel platform." "We initiate coverage of Viking with a Buy rating and a $99 price target." Mizuho initiates Tower Semiconductor as outperform Mizuho said the stock is a "foundry leader." "We are initiating TSEM at Outperform with a $300PT." HSBC upgrades BP to buy from hold HSBC said the stock will "deleverage faster." "We expect BP t o deleverage faster than we previously forecasted and be less reliant on asset disposals." Bernstein initiates CF Industries as outperform Bernstein said the stock is "quality compounding." "We initiate coverage of CF Industries (CF) with an Outperform rating and a Price Target of $162, 34% upside." Bernstein upgrades 3M to market perform from underperform Bernstein said it sees margin expansion. "We are upgradin g 3M to Market-Perform based on a refreshed understanding of the transformation." Bank of America reiterates Advanced Micro Devices as buy The firm raised its price target on top pick AMD. "Reit AMD Buy, top CPU pick, raise CY27/28E ests. +2-3%; PO to $720 (from $620) on 30x CY28PE (27x prior) reflecting higher CPU ASPs from agentic mix." Bernstein reiterates Apple as outperform The firm said it's sticking with its buy rating but has margin concerns. "Apple's recent product release didn't disappoint but given rising memory costs, concerns linger on what this means for gross margins in the December quarter." JPMorgan initiates Genius Sports as overweight JPMorgan said the sports data and adtech platform is firing on all cylinders. "We are initiating on Genius Sports (GENI) at OW with a Dec 2027 price target of $8, ~40% upside from current levels." Read more. KeyBanc initiates Lumexa Imaging Holdings as overweight KeyBanc said shares of Lumexa are compelling. "Powerful growth drivers. ... .LMRI's stock currently trades for ~7x forward EBITDA vs. comps near 10-15x+." Barclays upgrades Humana to overweight from equal weight Barclays said Humana shares are too attractive to ignore. "Tactically, we find the setup particularly compelling..." Deutsche Bank reiterates Tesla as buy Deutsche said it's standing by its buy rating. " Tesla stock continues to face many cross currents. While 3Q deliveries are tracking softer than expected, we would not expect the stock to move too much outside the extremes." Deutsche Bank reiterates Meta as buy Deutsche raised its price target on Meta to $820 per share from $750. "Muse has taken off electrically, tracking far ahead of recent app launches within the AI space." Truist initiates Cardinal Infrastructure Group as buy Truist said the infrastructure company is a long-term growth story. "We initiate Buy on CDNL with a $40 PT. The stock was recently hurt by 1) the 'data center trade' stock correction despite CDNL's limited exposure & 2) weak 2Q26 earnings after its June equity offering." Bank of America downgrades Nike to underperform from neutral Bank of America said the risks are "rising." "We see downside risk to EPS estimates and valuation as Nike's innovation continues to be overshadowed by a pressured classics business, while category and macro pressures build." Loop initiates Global Payments as buy Loop said the payments company has plenty of upside. "Initiating Global Payments with a BUY rating and $137 PT..." Needham initiates Wealthfront as buy Needham said the company has a "genuinely differentiated" platform. " WLTH is currently the only public pure-play robo-advisor." Goldman Sachs reiterates Costco as buy Goldman lowered its price target on Costco f ollowing earnings to $1,134 per share from $1,159 but says it's sticking with the stock. "The company is well positioned to benefit from younger members and additional 3P [third party] delivery options."

Here are Friday's biggest calls on Wall Street: Wells Fargo initiates Johnson Controls as overweight Wells said the company is a "self help" story. "We initiate at Overweight on JCI, which has graduated to the HVAC 'haves': record backlog, DC-led orders, self-help on margins provide visibility to above-average EPS growth." UBS initiates Chemed as buy UBS said the hospice and palliative services company is attractive at current levels. "We initiate coverage of Chemed (CHE) with a Buy rating." Mizuho reiterates SpaceX as outperform Mizuho said it sees more upside. "AI segment pricing looks hot. Recent third-party pricing actions strengthen our confidence that SPCX can sustain premium compute pricing as it brings incremental capacity to market." Wolfe upgrades Fervo Energy to outperform from peer perform Wolfe said Fervo shares are intriguing. "We see the current price as an attractive entry point for the leading player in an exciting new power vertical" Citizens initiates Pursuit Attractions as market outperform Citizens said the attractions and lodges company is compelling. "Initiating coverage on Pursuit Attractions and Hospitality with a Market Outperform rating." Barclays initiates Ligand Pharmaceuticals as overweight Barclays said the company has a unique offering. " LGND i s a differentiated company focused on aggregating biopharma royalties." Needham initiates PDF Solutions as buy Needham said the semis analytics company has plenty more room to run. " PDFS is not a well-understood name, because what they do is hard, and understanding what they do is even harder." Canaccord initiates Merlin as buy Canaccord said it's bullish on the autonomous flight tech company. "We are launching coverage on Merlin Labs with a BUY rating and a $7.50 price target." Truist upgrades First Financial Bancorp to buy from hold The firm said it's a beneficiary of rising rates. "We are upgrading First Financial (FFBC) to Buy, as we see mid to high single digit upside to consensus as rising rates filter in." Seaport reiterates Nvidia as sell Seaport said it's standing by its sell rating. "We remain cautious on Nvidia. They have no easy way to surprise to the upside - limited by TSMC capacity and the law of large numbers. And time is not on their side, the competition is growing, to the point that Nvidia is now leaning heavily on its balance sheet and a bundling of its products to drive numbers." UBS upgrades Stem to buy from neutral UBS said the AI software company is at an "earnings inflection." "We upgrade STEM to Buy from Neutral as 2Q26 provided the clearest evidence to date that the company's software-centric strategy is producing a sustainable earnings inflection." StoneX initiates Viking Holdings as buy StoneX said the company is a "distinctive luxury travel platform." "We initiate coverage of Viking with a Buy rating and a $99 price target." Mizuho initiates Tower Semiconductor as outperform Mizuho said the stock is a "foundry leader." "We are initiating TSEM at Outperform with a $300PT." HSBC upgrades BP to buy from hold HSBC said the stock will "deleverage faster." "We expect BP t o deleverage faster than we previously forecasted and be less reliant on asset disposals." Bernstein initiates CF Industries as outperform Bernstein said the stock is "quality compounding." "We initiate coverage of CF Industries (CF) with an Outperform rating and a Price Target of $162, 34% upside." Bernstein upgrades 3M to market perform from underperform Bernstein said it sees margin expansion. "We are upgradin g 3M to Market-Perform based on a refreshed understanding of the transformation." Bank of America reiterates Advanced Micro Devices as buy The firm raised its price target on top pick AMD. "Reit AMD Buy, top CPU pick, raise CY27/28E ests. +2-3%; PO to $720 (from $620) on 30x CY28PE (27x prior) reflecting higher CPU ASPs from agentic mix." Bernstein reiterates Apple as outperform The firm said it's sticking with its buy rating but has margin concerns. "Apple's recent product release didn't disappoint but given rising memory costs, concerns linger on what this means for gross margins in the December quarter." JPMorgan initiates Genius Sports as overweight JPMorgan said the sports data and adtech platform is firing on all cylinders. "We are initiating on Genius Sports (GENI) at OW with a Dec 2027 price target of $8, ~40% upside from current levels." Read more. KeyBanc initiates Lumexa Imaging Holdings as overweight KeyBanc said shares of Lumexa are compelling. "Powerful growth drivers. ... .LMRI's stock currently trades for ~7x forward EBITDA vs. comps near 10-15x+." Barclays upgrades Humana to overweight from equal weight Barclays said Humana shares are too attractive to ignore. "Tactically, we find the setup particularly compelling..." Deutsche Bank reiterates Tesla as buy Deutsche said it's standing by its buy rating. " Tesla stock continues to face many cross currents. While 3Q deliveries are tracking softer than expected, we would not expect the stock to move too much outside the extremes." Deutsche Bank reiterates Meta as buy Deutsche raised its price target on Meta to $820 per share from $750. "Muse has taken off electrically, tracking far ahead of recent app launches within the AI space." Truist initiates Cardinal Infrastructure Group as buy Truist said the infrastructure company is a long-term growth story. "We initiate Buy on CDNL with a $40 PT. The stock was recently hurt by 1) the 'data center trade' stock correction despite CDNL's limited exposure & 2) weak 2Q26 earnings after its June equity offering." Bank of America downgrades Nike to underperform from neutral Bank of America said the risks are "rising." "We see downside risk to EPS estimates and valuation as Nike's innovation continues to be overshadowed by a pressured classics business, while category and macro pressures build." Loop initiates Global Payments as buy Loop said the payments company has plenty of upside. "Initiating Global Payments with a BUY rating and $137 PT..." Needham initiates Wealthfront as buy Needham said the company has a "genuinely differentiated" platform. " WLTH is currently the only public pure-play robo-advisor." Goldman Sachs reiterates Costco as buy Goldman lowered its price target on Costco f ollowing earnings to $1,134 per share from $1,159 but says it's sticking with the stock. "The company is well positioned to benefit from younger members and additional 3P [third party] delivery options."

Here are Friday's biggest calls on Wall Street: Wells Fargo initiates Johnson Controls as overweight Wells said the company is a "self help" story. "We initiate at Overweight on JCI, which has graduated to the HVAC 'haves': record backlog, DC-led orders, self-help on margins provide visibility to above-average EPS growth." UBS initiates Chemed as buy UBS said the hospice and palliative services company is attractive at current levels. "We initiate coverage of Chemed (CHE) with a Buy rating." Mizuho reiterates SpaceX as outperform Mizuho said it sees more upside. "AI segment pricing looks hot. Recent third-party pricing actions strengthen our confidence that SPCX can sustain premium compute pricing as it brings incremental capacity to market." Wolfe upgrades Fervo Energy to outperform from peer perform Wolfe said Fervo shares are intriguing. "We see the current price as an attractive entry point for the leading player in an exciting new power vertical" Citizens initiates Pursuit Attractions as market outperform Citizens said the attractions and lodges company is compelling. "Initiating coverage on Pursuit Attractions and Hospitality with a Market Outperform rating." Barclays initiates Ligand Pharmaceuticals as overweight Barclays said the company has a unique offering. " LGND i s a differentiated company focused on aggregating biopharma royalties." Needham initiates PDF Solutions as buy Needham said the semis analytics company has plenty more room to run. " PDFS is not a well-understood name, because what they do is hard, and understanding what they do is even harder." Canaccord initiates Merlin as buy Canaccord said it's bullish on the autonomous flight tech company. "We are launching coverage on Merlin Labs with a BUY rating and a $7.50 price target." Truist upgrades First Financial Bancorp to buy from hold The firm said it's a beneficiary of rising rates. "We are upgrading First Financial (FFBC) to Buy, as we see mid to high single digit upside to consensus as rising rates filter in." Seaport reiterates Nvidia as sell Seaport said it's standing by its sell rating. "We remain cautious on Nvidia. They have no easy way to surprise to the upside - limited by TSMC capacity and the law of large numbers. And time is not on their side, the competition is growing, to the point that Nvidia is now leaning heavily on its balance sheet and a bundling of its products to drive numbers." UBS upgrades Stem to buy from neutral UBS said the AI software company is at an "earnings inflection." "We upgrade STEM to Buy from Neutral as 2Q26 provided the clearest evidence to date that the company's software-centric strategy is producing a sustainable earnings inflection." StoneX initiates Viking Holdings as buy StoneX said the company is a "distinctive luxury travel platform." "We initiate coverage of Viking with a Buy rating and a $99 price target." Mizuho initiates Tower Semiconductor as outperform Mizuho said the stock is a "foundry leader." "We are initiating TSEM at Outperform with a $300PT." HSBC upgrades BP to buy from hold HSBC said the stock will "deleverage faster." "We expect BP t o deleverage faster than we previously forecasted and be less reliant on asset disposals." Bernstein initiates CF Industries as outperform Bernstein said the stock is "quality compounding." "We initiate coverage of CF Industries (CF) with an Outperform rating and a Price Target of $162, 34% upside." Bernstein upgrades 3M to market perform from underperform Bernstein said it sees margin expansion. "We are upgradin g 3M to Market-Perform based on a refreshed understanding of the transformation." Bank of America reiterates Advanced Micro Devices as buy The firm raised its price target on top pick AMD. "Reit AMD Buy, top CPU pick, raise CY27/28E ests. +2-3%; PO to $720 (from $620) on 30x CY28PE (27x prior) reflecting higher CPU ASPs from agentic mix." Bernstein reiterates Apple as outperform The firm said it's sticking with its buy rating but has margin concerns. "Apple's recent product release didn't disappoint but given rising memory costs, concerns linger on what this means for gross margins in the December quarter." JPMorgan initiates Genius Sports as overweight JPMorgan said the sports data and adtech platform is firing on all cylinders. "We are initiating on Genius Sports (GENI) at OW with a Dec 2027 price target of $8, ~40% upside from current levels." Read more. KeyBanc initiates Lumexa Imaging Holdings as overweight KeyBanc said shares of Lumexa are compelling. "Powerful growth drivers. ... .LMRI's stock currently trades for ~7x forward EBITDA vs. comps near 10-15x+." Barclays upgrades Humana to overweight from equal weight Barclays said Humana shares are too attractive to ignore. "Tactically, we find the setup particularly compelling..." Deutsche Bank reiterates Tesla as buy Deutsche said it's standing by its buy rating. " Tesla stock continues to face many cross currents. While 3Q deliveries are tracking softer than expected, we would not expect the stock to move too much outside the extremes." Deutsche Bank reiterates Meta as buy Deutsche raised its price target on Meta to $820 per share from $750. "Muse has taken off electrically, tracking far ahead of recent app launches within the AI space." Truist initiates Cardinal Infrastructure Group as buy Truist said the infrastructure company is a long-term growth story. "We initiate Buy on CDNL with a $40 PT. The stock was recently hurt by 1) the 'data center trade' stock correction despite CDNL's limited exposure & 2) weak 2Q26 earnings after its June equity offering." Bank of America downgrades Nike to underperform from neutral Bank of America said the risks are "rising." "We see downside risk to EPS estimates and valuation as Nike's innovation continues to be overshadowed by a pressured classics business, while category and macro pressures build." Loop initiates Global Payments as buy Loop said the payments company has plenty of upside. "Initiating Global Payments with a BUY rating and $137 PT..." Needham initiates Wealthfront as buy Needham said the company has a "genuinely differentiated" platform. " WLTH is currently the only public pure-play robo-advisor." Goldman Sachs reiterates Costco as buy Goldman lowered its price target on Costco f ollowing earnings to $1,134 per share from $1,159 but says it's sticking with the stock. "The company is well positioned to benefit from younger members and additional 3P [third party] delivery options."

Here are Friday's biggest calls on Wall Street: Wells Fargo initiates Johnson Controls as overweight Wells said the company is a "self help" story. "We initiate at Overweight on JCI, which has graduated to the HVAC 'haves': record backlog, DC-led orders, self-help on margins provide visibility to above-average EPS growth." UBS initiates Chemed as buy UBS said the hospice and palliative services company is attractive at current levels. "We initiate coverage of Chemed (CHE) with a Buy rating." Mizuho reiterates SpaceX as outperform Mizuho said it sees more upside. "AI segment pricing looks hot. Recent third-party pricing actions strengthen our confidence that SPCX can sustain premium compute pricing as it brings incremental capacity to market." Wolfe upgrades Fervo Energy to outperform from peer perform Wolfe said Fervo shares are intriguing. "We see the current price as an attractive entry point for the leading player in an exciting new power vertical" Citizens initiates Pursuit Attractions as market outperform Citizens said the attractions and lodges company is compelling. "Initiating coverage on Pursuit Attractions and Hospitality with a Market Outperform rating." Barclays initiates Ligand Pharmaceuticals as overweight Barclays said the company has a unique offering. " LGND i s a differentiated company focused on aggregating biopharma royalties." Needham initiates PDF Solutions as buy Needham said the semis analytics company has plenty more room to run. " PDFS is not a well-understood name, because what they do is hard, and understanding what they do is even harder." Canaccord initiates Merlin as buy Canaccord said it's bullish on the autonomous flight tech company. "We are launching coverage on Merlin Labs with a BUY rating and a $7.50 price target." Truist upgrades First Financial Bancorp to buy from hold The firm said it's a beneficiary of rising rates. "We are upgrading First Financial (FFBC) to Buy, as we see mid to high single digit upside to consensus as rising rates filter in." Seaport reiterates Nvidia as sell Seaport said it's standing by its sell rating. "We remain cautious on Nvidia. They have no easy way to surprise to the upside - limited by TSMC capacity and the law of large numbers. And time is not on their side, the competition is growing, to the point that Nvidia is now leaning heavily on its balance sheet and a bundling of its products to drive numbers." UBS upgrades Stem to buy from neutral UBS said the AI software company is at an "earnings inflection." "We upgrade STEM to Buy from Neutral as 2Q26 provided the clearest evidence to date that the company's software-centric strategy is producing a sustainable earnings inflection." StoneX initiates Viking Holdings as buy StoneX said the company is a "distinctive luxury travel platform." "We initiate coverage of Viking with a Buy rating and a $99 price target." Mizuho initiates Tower Semiconductor as outperform Mizuho said the stock is a "foundry leader." "We are initiating TSEM at Outperform with a $300PT." HSBC upgrades BP to buy from hold HSBC said the stock will "deleverage faster." "We expect BP t o deleverage faster than we previously forecasted and be less reliant on asset disposals." Bernstein initiates CF Industries as outperform Bernstein said the stock is "quality compounding." "We initiate coverage of CF Industries (CF) with an Outperform rating and a Price Target of $162, 34% upside." Bernstein upgrades 3M to market perform from underperform Bernstein said it sees margin expansion. "We are upgradin g 3M to Market-Perform based on a refreshed understanding of the transformation." Bank of America reiterates Advanced Micro Devices as buy The firm raised its price target on top pick AMD. "Reit AMD Buy, top CPU pick, raise CY27/28E ests. +2-3%; PO to $720 (from $620) on 30x CY28PE (27x prior) reflecting higher CPU ASPs from agentic mix." Bernstein reiterates Apple as outperform The firm said it's sticking with its buy rating but has margin concerns. "Apple's recent product release didn't disappoint but given rising memory costs, concerns linger on what this means for gross margins in the December quarter." JPMorgan initiates Genius Sports as overweight JPMorgan said the sports data and adtech platform is firing on all cylinders. "We are initiating on Genius Sports (GENI) at OW with a Dec 2027 price target of $8, ~40% upside from current levels." Read more. KeyBanc initiates Lumexa Imaging Holdings as overweight KeyBanc said shares of Lumexa are compelling. "Powerful growth drivers. ... .LMRI's stock currently trades for ~7x forward EBITDA vs. comps near 10-15x+." Barclays upgrades Humana to overweight from equal weight Barclays said Humana shares are too attractive to ignore. "Tactically, we find the setup particularly compelling..." Deutsche Bank reiterates Tesla as buy Deutsche said it's standing by its buy rating. " Tesla stock continues to face many cross currents. While 3Q deliveries are tracking softer than expected, we would not expect the stock to move too much outside the extremes." Deutsche Bank reiterates Meta as buy Deutsche raised its price target on Meta to $820 per share from $750. "Muse has taken off electrically, tracking far ahead of recent app launches within the AI space." Truist initiates Cardinal Infrastructure Group as buy Truist said the infrastructure company is a long-term growth story. "We initiate Buy on CDNL with a $40 PT. The stock was recently hurt by 1) the 'data center trade' stock correction despite CDNL's limited exposure & 2) weak 2Q26 earnings after its June equity offering." Bank of America downgrades Nike to underperform from neutral Bank of America said the risks are "rising." "We see downside risk to EPS estimates and valuation as Nike's innovation continues to be overshadowed by a pressured classics business, while category and macro pressures build." Loop initiates Global Payments as buy Loop said the payments company has plenty of upside. "Initiating Global Payments with a BUY rating and $137 PT..." Needham initiates Wealthfront as buy Needham said the company has a "genuinely differentiated" platform. " WLTH is currently the only public pure-play robo-advisor." Goldman Sachs reiterates Costco as buy Goldman lowered its price target on Costco f ollowing earnings to $1,134 per share from $1,159 but says it's sticking with the stock. "The company is well positioned to benefit from younger members and additional 3P [third party] delivery options."