Wednesday’s Biggest Analyst Calls: Apple, Meta, Boeing, Amd, Carvana, Ford, Robinhood & More

Here are the key Wall Street recommendations for Wednesday:

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UBS maintains its buy rating on Advanced Micro Devices, stating that late-cycle corrections in some of AMD's peripheral businesses are overshadowing a growing data center story, particularly in AI.

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TD Cowen initiates coverage on Discover with an outperform rating, believing that concerns over regulatory issues are exaggerated, and investors should consider buying the stock.

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Piper Sandler starts coverage of Polestar with an outperform rating, describing it as an intriguing electric vehicle brand with potential.

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Goldman Sachs downgrades ZoomInfo Technologies to neutral from buy due to mixed earnings and reduced visibility.

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Bank of America upgrades Graphic Packaging to buy from neutral, citing improved forecasts and resolving prior concerns.

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Morgan Stanley upgrades Progressive to equal weight from underweight, noting a strong setup for 2024.

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Bernstein upgrades Stellantis to outperform from market perform after an agreement with the UAW, expecting strong annual free cash flow in 2024 and 2025.

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Barclays upgrades Ford and General Motors to overweight from equal weight, considering their shares as attractively priced.

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Loop reaffirms its buy rating on Meta shares, highlighting the lower stock price and higher earnings outlook as a buying opportunity.

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JPMorgan initiates Six Flags with an underweight rating, citing deteriorating attendance visibility for the theme park company.

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Goldman Sachs adds Boeing to its conviction buy list, anticipating a favorable entry point in the early stages of a long-cycle recovery.

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Morgan Stanley upgrades STMicroelectronics to overweight from equal weight, expecting margin strength and a robust recovery.

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Guggenheim upgrades NRG Energy to buy from neutral, expressing confidence in the company's management and capital return commitment.

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Cantor Fitzgerald initiates coverage on VinFast with a buy rating, expressing optimism about the EV company's expansion into the U.S.

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Loop upgrades Cirrus Logic to buy from hold, identifying a unique opportunity for the semiconductor company.

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Deutsche Bank downgrades Paycom to hold from buy after disappointing earnings.

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UBS upgrades JD.com to buy from neutral, considering the Chinese retailer's valuation as attractive.

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UBS reiterates its neutral rating on Apple, noting decreasing iPhone wait times.

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JPMorgan downgrades BP to underweight from neutral due to a wider standard deviation in financial performance.

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Mizuho reaffirms its buy rating on Robinhood, calling it a best-in-class next-gen exchange.

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TD Cowen reiterates its market perform rating on Carvana but expects a 3Q revenue decline due to factors like elevated rates and cost efficiency efforts.

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