Here are Wednesday’s biggest calls on Wall Street: Goldman Sachs reiterates Apple as buy Goldman said it’s sticking with its buy rating heading into Apple’s iPhone event next week, but that the stock’s response may be muted. “We reiterate our Buy rating on AAPL and believe that new product innovation for the iPhone 16 (e.g., continued processor innovation, larger display sizes, improved camera features) coupled with new AI features should drive upgrades and installed base growth.” Morgan Stanley upgrades Astera Labs to overweight from equal weight Morgan Stanley said investors should buy the dip in shares of the intelligent connectivity platform company. “Growth trajectory remains robust and pullback creates an entry point; Upgrade ALAB to OW.” Compass Point initiates Visa as buy Compass said it’s bullish on shares of the payment company. “We are initiating Visa as a Buy with a price target of $319..” Jefferies initiates GE Vernova as buy Jefferies said the energy company is its top idea. ” GEV is our top pick, ironically due to the non-renewable gas biz. Morgan Stanley upgrades Ball to overweight from equal weight Morgan Stanley said it sees an attractive risk/reward for the jar and lid company. “We upgrade BALL to OW from EW as our favorite way to play the secular beverage can growth theme.” Morgan Stanley upgrades Boyd Gaming overweight from equal weight Morgan Stanley said shares of the gaming company are “compelling.” “Upgrade BYD to OW on stabilizing trends & capital return catalysts & compelling valuation.” Goldman Sachs initiates Invitation Homes as buy Goldman said the real estate investment trust has “strong direct relationships with developers.” “From an external growth perspective, we believe declining rental supply is creating a unique development environment for companies with large, and growing pipelines (AMH, MAA, and CPT) or strong direct relationships with developers ( INVH) .” Bernstein initiates Biohaven as outperform Bernstein said the pharmaceutical company is well positioned. “We initiate on BHVN with an Outperform rating and PT of $55.” JMP upgrades Sportrader to market outperform JMP said investors should buy the sports bookmaker data company ahead of the NBA season. “We are upgrading shares of Sportradar Group (SRAD) to Market Outperform, from Market Perform, with a $16 price target.” William Blair initiates Shift4Payments as outperform William Blair said the payments company has a “unique” offering. “We consider Shift4…
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