Here are Wednesday’s biggest calls on Wall Street: Evercore ISI reiterates Tesla as in line Evercore said it’s very cautious heading into Tesla earnings Wednesday after the bell. “hard to see a short-term clear catalyst (up or down) into the print given core Auto metrics look in line with ’17-17.5%’ gross margin.” JPMorgan adds Qualcomm and HP Inc to the focus list JPMorgan added HP Inc to the focus list and said it’s a top value idea. The firm also added Qualcomm to the focus list and says it’s a top growth idea. “Place Qualcomm on Analyst Focus List as a growth idea and Positive Catalyst Watch for upcoming earnings print. … .Add HPQ to Analyst Focus List as a value idea.” JPMorgan upgrades Cisco to overweight from neutral JPMorgan said the stock is attractively valued. “Upgrade Cisco to Overweight on limited further downside on Enterprise spending and inexpensive valuation.” JPMorgan adds Charles Schwab to the focus list JPMorgan added the stock to its focus list after its earnings report and said it sees “improving fundamentals.” “We are adding the Schwab stock to our Analyst Focus List with compelling upside (~44%) given improving fundamentals and our expectation for adj. EPS to rise from $3.32 in 2023E to $6.00 in 2025E.” Bank of America upgrades bluebird bio to buy from neutral Bank of America said it sees an attractive entry point for the biotech company. “Upgrade to Buy: positioned to lead in attractive sickle cell gene therapy market.” Bank of America reiterates Amazon as buy Bank of America said it’s bullish heading into Amazon earnings later this month. “We think further multiple expansion is possible, driven by accelerating AWS growth and improving retail margins. Jefferies reiterates Meta as buy Jefferies said it’s bullish heading into Meta earnings on July 26. “We are positive on META’ s fundamentals, as we expect a Q2 rev beat and Q3 rev guidance likely calling for growth accelerating against easier comps.” UBS reiterates Berkshire Hathaway as buy UBS said it’s bullish heading into earnings in early August. “Our calculation of intrinsic value would imply that Berkshire is trading roughly 15% below its intrinsic value at its current price.” Citi initiates Republic Services as buy Citi initiated the waste management company with a buy and said it sees upside. “We view RSG as the top consolidator in US waste with upside to guidance for ’23 M & A spending and placeholders for ’24’/25.” JPMorgan downgrades Cinemark to neutral from…
Click Here to Read the Full Original Article at Investing…