Here are Thursday’s biggest calls on Wall Street: Goldman Sachs reiterates Micron as buy Goldman said investors should buy the dip in the stock following earnings on Wednesday. “Although we acknowledge the YTD outperformance in MU and the implied elevation in market expectations, we see the stock’s recent pullback, if anything, as an opportunity to add to positions…” Bernstein reiterates Apple as outperform Bernstein said it’s sticking with its outperform rating on the stock. “In the near-term, we believe recent enthusiasm is likely to persist, as Apple is increasingly seen as an AI leader rather than an AI laggard, and the stock is also entering its seasonally strong trading period.” Bank of America upgrades Petrobras to buy from neutral Bank of America said it sees a slew of positive catalysts ahead for the Brazil oil and gas company. “With the dust settling after the replacement of the company’s CEO, there have been important developments at PBR which have helped quell concerns on corporate governance, fuel pricing, dividends, among others.” Mizuho initiates Grab Holdings as buy Mizuho said the Asian super app company has a “sizable on-demand market.” “We initiate coverage of Grab Holdings Ltd. (GRAB) with an Outperform rating and $5 PT.” KBW upgrades Bank of New York Mellon to outperform from market perform KBW said it’s getting bullish on the financial services company. “We are upgrading the shares to Outperform from Market Perform due to BNY’ s scale, diversification and expectations for widening profitability gap to peers led by strong expense control.” Deutsche Bank adds a catalyst call buy on Emerson Electric Deutsche Bank said it’s bullish heading into the electric company’s earnings report later this summer. “EMR stock has underperformed the group since the end of last earnings season and we take this as evidence that investor expectations are not overly optimistic going into EMR’s 3Q results (investor interest has also been relatively low in recent weeks). We think the company can deliver a material 3Q24 beat.” Jefferies reiterates Nvidia, Marvell and Broadcom as buy Jefferies said it’s sticking with its buy rating on all three companies. ” NVDA is still the king but AVGO makes a strong case too. We see opportunities at MRVL but story hasn’t inflected yet.” KeyBanc initiates Crescent Energy as overweight KeyBanc said it’s bullish on shares of the energy company. “A South Texas Consolidator Emerges: Initiate Coverage of Crescent Energy Co….
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