Analyst calls on Wall Street like Nvidia

Here’s a rundown of the latest analyst calls on Wall Street for Wednesday:

Goldman Sachs downgraded Morgan Stanley to neutral, citing better value elsewhere in the market.

Goldman upgraded Evercore to buy, praising the investment banking firm as “best in class.”

Rosenblatt initiated Canaan as a buy, highlighting the bitcoin miner’s position in the market.

Jefferies upgraded Williams-Sonoma to buy, noting earnings per share upside.

Guggenheim initiated Elastic as a buy, bullish on the software company’s potential.

JPMorgan initiated Viking Therapeutics as overweight, optimistic about its obesity drug.

Citi added a positive catalyst watch on Apollo Global ahead of its investor day.

Citi upgraded Charter to neutral, citing improving fundamentals.

Bernstein reiterated Robinhood as outperform, highlighting its appeal to millennials.

Bank of America downgraded Novartis to neutral, citing a lack of positive catalysts.

JPMorgan reiterated Nvidia as overweight, pointing to its strong position in the AI market.

Morgan Stanley reiterated Arm as a top pick, emphasizing its importance in the shift to edge AI.

Bank of America reiterated Apple as buy, citing a multi-year iPhone upgrade cycle.

Wells Fargo upgraded One Gas to overweight and added Spotify to the signature picks list.

Wells Fargo removed Disney from the signature picks list but reiterated its overweight rating.

Wells Fargo added Shopify to the signature picks list, citing opportunities for outsized growth.

Truist reiterated Alphabet as buy, emphasizing the search giant’s potential.

Wolfe upgraded Antero Resources to outperform and Jefferies initiated AES as a buy, both highlighting the companies’ potential in their respective sectors.