Here are Wednesday’s biggest calls on Wall Street on Wednesday: Goldman Sachs upgrades Shoals to buy from neutral Goldman said the solar company is very attractive. “Upgrade to Buy as gross margin upside potential paired with attractive valuation look compelling.” Wells Fargo initiates WillScot as outperform Wells said the mobile trailer office company has “sustained pricing strength.” “A sticky model w/ idiosyncratic growth drivers and margin initiatives supports our above-consensus FY24; meanwhile, flexible capex and high returns enable strong FCF, which funds repo & accretive M & A.” TD Cowen reiterates Netflix as outperform TD lowered its price target on the stock to $500 from $515 but said it’s standing by its outperform rating heading into earnings next week. “Near-term, we think investors will look for net adds in 3Q & color around 4Q net adds, updates on NFLX’s monetization efforts (paid sharing & ad tier) when the co reports 3Q results, and color around intermediate term margins & FCF.” Stephens initiates Sprout Social as overweight Stephens called the software company a market leader in its initiation. “With over 32,000 customers, Sprout Social’ s social media management platform is the leading workflow solution, capable of providing customers with a holistic view of their social media presence across various apps. Raymond James upgrades Take-Two to outperform from market perform Raymond James said it’s bullish on the video game company’s upcoming releases. “Following a relatively slower period in front-line releases, we see a number of reasons to become incrementally more optimistic in the company’s near- and medium-term path forward.” Morgan Stanley upgrades Cava to overweight from neutral Morgan Stanley said it’s gaining confidence in the restaurant chain. “We’re shifting our relative preference to CAVA where we have somewhat more confidence in the catalyst path and near term estimates, as well as the long term fundamental growth story, keeping in mind our ratings are not an explicit call on the 3Q.” JPMorgan upgrades CSX to overweight from neutral JPMorgan said that rail concerns have already played out. “We are also upgrading CSX to OW as the concerns we outlined in our July 2022 U.S. rail downgrade have largely played out.” TD Cowen reiterates Nvidia as outperform TD raised its price target on the stock to $700 per share from $600 and said the company is well positioned for AI. “We believe the industry is in the early innings of two…
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