Top Calls on Wall Street: Tesla, Apple, Intel, Micron, CoreWeave, UPS, and More

Here are Friday’s biggest calls on Wall Street:

Baird upgrades Tesla to outperform from neutral

Baird said it sees a “physical AI inflection ahead” for Tesla.

“Upgrading to Outperform and launching our ‘pay package’ model. Relatively muted stock reactions following a series of less than stellar quarters and investor inbounds regarding long-term initiatives lead us to believe focus has increasingly shifted to the future for TSLA.”

JPMorgan reiterates Apple as overweight

JPMorgan raised its price target on Apple to $280 per share from $255.

“iPhone 17 series has been available to consumers for a few days now and early demand indications are outlining the opportunity for the volume cycle to not only track higher than our initial expectations (which incorporated concerns around digestion following a pull-forward in iPhone 16 series), but also upside to iPhone 16 series volumes on a y/y basis.”

Citi downgrades Intel to sell from neutral

Citi downgraded the stock following its agreement with Nvidia on Thursday.

“We downgrade Intel from Neutral to Sell due to Intel’s valuation and our belief that the stock is pricing in success in its leading-edge foundry business, which we believe has minimal chance to succeed.”

Benchmark upgrades Intel to buy from hold

The firm said investors should buy the dip on any share weakness of Intel following its deal with Nvidia on Thursday.

“Although we expect near-term volatility following yesterday’s strong move, we recommend fundamental investors use any share price weakness as an opportunity to build long-term positions.”

Barclays reiterates Micron as overweight

Barclays raised its price target on the stock to $175 per share from $140 ahead of earnings on Sept. 23.

“We think MU will put up results modestly ahead of the pre-announce midpoint and guide materially stronger on the back of NAND volume/ASP [average selling price].

Loop initiates CoreWeave as buy

Loop said it is bullish on shares of CoreWeave.

“We view CRWV as the largest of a handful of ‘Neoclouds’ that are in real-time being invited into a ‘Cool Kids Club’ by NVDA, the Hyperscalers, and major AI Labs (including frontier model builders).”

BMO downgrades UPS to market perform from outperform

BMO said it sees too many negative catalysts for UPS.

“A recovery in demand remains elusive, particularly in the important B2B [business to business] segment. Macro challenges have been further heightened by shifting U.S. trade policies, including the ending of de minimis exemptions.”

Berenberg upgrades Stellantis to buy from hold

Berenberg said the narrative is improving for the European automaker.

“We upgrade Stellantis to Buy. The narrative is clearly improving on the back of a much better inventory situation in the US and upcoming product momentum, which should now secure gradual earnings improvements.”