Here are Wednesday’s biggest calls on Wall Street:
Baird initiates nLIGHT as outperform
Baird said buy the dip in the semis laser company.
“We are initiating coverage of LASR with an Outperform rating and $95 price target as market tailwinds and robust funding positions support favorable growth which is further enhanced by LASR’s vertical integration and technology stock.”
Oppenheimer reiterates Apple as perform
Oppenheimer said it likes the company’s new MacBook Pro announcements.
“Apple revealed on March 3 its new MacBook Pro lines powered by new Apple Silicon M5 Pro and M5 Max. We believe the new chips ushered in a new era of local AI compute and showcased again Apple’s significant lead in efficiency and scalability in personal computing devices. M5 Pro/Max are built on what Apple called Fusion Architecture.”
Truist initiates PulteGroup as buy
Truist said the homebuilder is well positioned.
“We are initiating PHM shares with a Buy rating and $170 price target, as we think the market is meaningfully mispricing the company’s profitability potential over the next few years.”
Truist initiates Toll Brothers as buy
Truist said the stock is underappreciate.
“In our view, TOL is undervalued compared to our view of future ROE potential. The company is uniquely positioned to benefit from any greenshoots in the resilient luxury home market in 2027.”
CLSA reiterates Nvidia as high-conviction outperform
CLSA said investor worries over Nvidia are overdone.
“We see little to worry and retain a High-Conviction Outperform rating.”
KeyBanc initiates Chime Financial was overweight
KeyBanc said the fintech company is a share gainer.
“Chime is a category leader with a long runway for share gain in the U.S. retail banking landscape.”
KeyBanc upgrades Dow to overweight from sector weight
Key said Dow is a beneficiary of the Middle East war.
“While the dust is far from settled on the Iran conflict, we see it as a positive catalyst for U.S. petrochemicals.”
Wedbush reiterates Amazon, Meta and Alphabet as outperform
Wedbush said all three company’s are well positioned in digital advertising.
“We view AMZN, GOOGL, and META as structural winners within the digital advertising sector. These operators are already demonstrating tangible results from the infusion of AI across the business, bolstered by scale and data advantages.”
Baird upgrades RPM to outperform from neutral
Baird said the packaging and materials company is best positioned.
“Based on our view that RPM International is well-positioned to deliver accelerating earnings growth (underpinned in part by internal initiatives) FY27 onwards, we are raising our investment rating on the shares to Outperform, with our intact $125 price target based on ~21x our FY27 EPS estimate of $5.85.”
JPMorgan initiates SPX Technologies as overweight
JPMorgan said it sees plenty of upside for the engineered tech solutions company.
“We initiate coverage of SPXC with an Overweight rating and introduce a Dec-2026 price target of $260.”
Telsey upgrades Ross Store to outperform from perform
Telsey upgraded the stock following earnings.
“ROST saw momentum accelerate in the back half of FY25, closing out the year with a healthy earnings beat in the important holiday quarter that was driven by better-than-expected topline growth and gross margin expansion.”
Telsey upgrades Target to outperform from market perform
Telsey says it’s seeing signs of a turnaround.
“We are upgrading our rating on TGT shares to Outperform to reflect our confidence in the company’s strategy to drive growth by recapturing its Tarzhay merchandising magic, enhancing the customer experience, and leveraging technology and AI across operations, including stores and fulfillment to make more informed, faster decisions.”
JPMorgan initiates Protara Therapeutics as overweight
JPMorgan said the biotech company is best positioned.
“We are initiating coverage on Protara (TARA) with an Overweight rating and a Dec-2026 PT of $27.”
Oppenheimer reiterates Blue Owl as a top pick
Oppenheimer says the sell-off is overdone.
“Blue Owl seems to have become a magnet for bad press in recent weeks. We think a lot of this press has been misleading and unfair and it reminds us of the exaggerated fears concerning commercial
banks in the latter half of 2023 (note here), but the bad press has been relentless, and it strikes us that it is likely to have an adverse impact on the company’s near- term fundraising trends and its valuation.”
Bank of America upgrades Tesla to buy from neutral
The firm reinstated coverage of the stock and upgraded Tesla and says it’s best positioned for autonomy.
“We are reinstating TSLA at Buy with a $460 PO, as we view it as the current leader in consumer autonomy.”
Bank of America reinstates General Motors as buy
Bank of America said the stock should benefit from “lower warranty costs & regulatory credits, lean inventory levels, and low incentives.”
“We are reinstating coverage of General Motors with a Buy rating and $105 price objective based on an EV of 3.5X our 2027 EBITDA.”
RBC reiterates Oracle as sector perform
The firm cut its price target ahead of Oracle earnings on March 10.
“We maintain our Sector Perform rating but revise our PT to $160 (from $195) heading into F3Q26 earnings,”
