Top Calls on Wall Street: Nvidia, Broadcom, Palantir, Starbucks, Apple, Peloton, PNC, CoreWeave & More

Here are the biggest calls on Wall Street on Wednesday:

Goldman Sachs reiterates CoreWeave as Neutral

Goldman is maintaining its neutral rating ahead of CoreWeave’s August 12 earnings.

“Since we launched coverage last April, CoreWeave’s financial profile has largely played out… quieting some of the most draconian bear cases.”

Bank of America downgrades UPS to Neutral from Buy

BoA cites delayed cost-cutting efforts and declining business volumes.

“Larger-than-expected SMB volume deceleration, Amazon business glide-down, and delayed cost takeout drive our downgrade.”

Loop Capital reiterates Palantir (PLTR) as Buy

Loop remains bullish ahead of PLTR’s August 4 earnings.

“We expect another beat and raise, with revenue outperformance exceeding the 5-quarter average upside of 4.3%.”

Morgan Stanley reiterates Broadcom (AVGO) and Nvidia (NVDA) as Overweight

Raises price targets: NVDA to $200 (from $170), AVGO to $338 (from $270).

“AI semi enthusiasm is justified by long-term strength… though near-term constraints remain.”

Baird upgrades Ecolab (ECL) to Outperform from Neutral

Suggests buying the dip despite high valuation.

“Recurring revenue, competitive position, and low tariff risk make ECL attractive for large-cap investors.”

Bank of America downgrades Novo Nordisk to Neutral from Buy

BoA sees too many headwinds for the Danish drugmaker.

“Not enough visibility on growth; further pressures coming.”

Jefferies upgrades Aon (AON) to Buy from Hold

Optimistic about accelerating margin expansion.

“Favorable organic growth and productivity gains position AON well for upside.”

Wolfe Research upgrades Veralto (VLTO) to Outperform from Peer Perform

Believes estimate revisions and organic growth will drive EPS gains.

“Positive revision trends support high single-digit EPS growth.”

UBS upgrades Peloton (PTON) to Buy from Neutral

UBS sees multiple positive catalysts.

“Price target set at $11 — nearly double current levels.”

Citigroup places Eli Lilly (LLY) on 90-day Positive Catalyst Watch

Citi maintains Buy with $1,190 target.

“The setup for LLY shares looks very favorable in our view.”

Oppenheimer upgrades PNC to Outperform from Perform

Cites relative underperformance versus peers.

“PNC has lagged peers, up just 0.6% YTD.”

Bank of America upgrades Brown & Brown (BRO) to Buy from Neutral

Advises buying the dip after significant underperformance.

“BRO shares down 26% since April, vs. S&P up 13% — a rare divergence.”

Morgan Stanley reiterates Apple (AAPL) as Overweight

Positive outlook tied to the "One Big Beautiful Bill".

“The bill adds a $20.3B cumulative upside to AAPL's FCF forecast over 4 years.”

Wells Fargo reiterates Starbucks (SBUX) as Overweight

Encouraged by stabilization in U.S. comps and outlook.

“Q3 was messy, but signs point to improving narrative and Q4 compares.”

Baird upgrades Ormat Technologies (ORA) to Outperform from Neutral

Cites IRA permanence and BBB bill support for geothermal.

“We’re becoming more constructive as ORA benefits from favorable legislation.”