Here are the biggest calls from Wall Street on Wednesday: Compass Point initiates Block as buy Compass says the “fundamentals are set to re-accelerate.” “We are initiating coverage of Block, with a BUY rating and $80 price target.” Jefferies upgrades Apple to hold from underperform Jefferies says it sees the potential for an “upside surprise” when Apple reports earnings in late July. “Jun Q results could be a positive surprise, but Sep Q guidance would likely still be subdued.” Jefferies upgrades Ross to buy from neutral Jefferies says it sees “margin opportunity” for the discount retailer. “We upgrade ROST to Buy given its wide valuation gap to peers, and the margin opportunity.” Cantor Fitzgerald initiates Rigetti Computing as overweight Cantor says the quantum computing company is well positioned. “We are initiating coverage of Rigetti Computing with an Overweight rating and $15 price target.” Read more. UBS downgrades Centene to neutral from buy UBS downgraded the healthcare company after it withdrew guidance. “We’re downgrading Centene to Neutral following the company’s withdrawal of 2025 guidance.” Rothschild & Co Redburn downgrades Adobe to sell The firm says Adobe faces “significant AI disruption.” “…we believe FCF growth will continue to slow, to low single digits by 2030, and think the stock should trade at 12x 2026 EV/FCF. We downgrade from Neutral to Sell, with a $280 target (was $420).” KeyBanc initiates Cava as overweight Key called the restaurant company a “compounding growth story.” “With few direct competitors, CAVA is the leading brand in the fast growing Mediterranean fast casual segment.” Read more. Canaccord reiterates Netflix as buy Canaccord raised its price target on the stock to $1,525 from $1,380. “Netflix’s strong content slate is expected to continuously improve further with investments in inventory production and acquisition, enabling the platform to retain existing subscribers and attract new users globally across both paid and ad-supported membership tiers.” Goldman Sachs initiates Crocs as sell Goldman initiates the shoe company with a sell due to slowing growth. “While we are constructive on CROX’ s differentiated marketing and innovation capabilities, we see risk of normalizing demand for the company’s classic clog, which we believe will temper domestic growth momentum and limit the pace of international expansion.” UBS upgrades Altria to neutral from sell UBS says the “increasing crackdowns on illicit vapes” will help cigarette volumes “Helped by improving cigarette volume share and cost management, we no longer believe Altria’s EPS will decline in 2026. Consequently, we upgrade our rating to Neutral (from Sell).” Bernstein reiterates Starbucks as outperform Bernstein raised its price target on Starbucks to $100 per share from $90. “We continue to believe the stock could double since the lows reached post 2Q25 results.” Morgan Stanley upgrades Primo Brands as overweight Morgan Stanley says shares of the water beverage company are best positioned. “We believe the recent weakness in PRMB shares presents an opportune long-term entry point in an attractive 3-5% topline growth story aligned with health/wellness trends.” RBC names Microsoft a top third quarter pick RBC says it sees margin expansion for the tech giant in the third quarter. ” Microsoft is a top vendor across numerous enterprise software markets, including public cloud (Azure), collab (Teams/Office), developer tools (GitHub/Visual Studio), security (Azure AD, Defender), and hyperautomation.” Jefferies reiterates Amazon as buy The firm says its survey checks show Amazon shoppers are “resilient.” “Our proprietary survey of ~700 U.S. consumers shows: 1) Stable spend by majority of AMZN shoppers (62% spent same/more in past 3 mos) despite 80% concerned about prices; 2) some cost-conscious behavior — 31% spent less in past 3 mos; 3) Prime membership very popular (73% of sample vs. Walmart + 26%);” Wolfe upgrades Visteon to outperform from peer perform Wolfe says the auto tech company has a slew of positive catalysts in the pipeline. ” VC is demonstrating real success in Displays, with competitive advantages that are underappreciated.” Northcoast upgrades WisdomTree to buy from neutral Northcoast says the investment firm is “built to scale well.” “We are raising our rating on shares of WisdomTree t o a BUY with a $15 price target.”
