Here are Wednesday's biggest analyst calls: Nvidia, Rivian, Chevron, Wynn, Walmart, Advanced Micro Devices & more

CNBC

07-05-2025

Here are the biggest calls on Wall Street on Wednesday: Bank of America upgrades Advanced Micro Devices to buy from neutral Bank of America sees "multiple growth cylinders" for the stock following earnings on Tuesday. "AMD's Q1 beat and strong Q2 sales outlook ($7.4bn sales, 10% above our forecast, despite $700mn China headwind) addresses our pre-call concerns re China AI restriction headwinds and NVDA GPU competition." Goldman Sachs reiterates Rivian as neutral The investment bank says the stock is well positioned for the long term but that it's standing by its neutral rating following earnings on Tuesday. "We maintain our Neutral rating on the stock. We believe Rivian's technology and product set position it well for improved long-term profits, including by leveraging its electrical and electronic architecture plus software stack to grow in autonomy and services." Morgan Stanley reiterates Walmart as overweight Morgan Stanley says it's standing by the stock ahead of earnings on May 15. "While tariffs have increased uncertainty around 2FH26e earnings, WMT's long-term structural earnings drivers – eCommerce, automation, scale of purchasing – remain intact." BMO upgrades Albertsons to outperform from market perform BMO sees "valuation expansion" for the grocery chain. "We are raising our rating on shares of ACI to Outperform with a $25 target price. We believe ACI may see valuation expansion from low levels as investors seek cheap, defensive stocks in 2H25." UBS upgrades Logitech to buy from neutral UBS says the computer peripherals company is not immune to tariffs but that profit margins remain healthy. "Logitech will not be immune to initial tariff impacts and slowing macro/demand. However, the share price has come down already, reflecting investor uncertainties, and we look through some challenging quarters." Goldman Sachs reiterates Chevron as buy Goldman says the oil giant has "attractive long-term value." "While we are mindful of the more uncertain macro backdrop and note moderated share repurchase assumptions, we continue to see an attractive long-term value proposition in CVX shares and highlight the company's 5% dividend yield." Bank of America reiterates Alphabet as buy Bank of America says it's bullish on the company's advertising product, AI Max. "In a Blog post, Google announced the roll out of AI Max, a suite of 'targeting and creative enhancements' to search advertising." Redburn Atlantic Equities reiterates Nvidia as buy Redburn says the stock remains a top idea at the firm. " Nvidia is among our top picks in the semiconductor sector." Barclays reiterates Super Micro as equal weight Barclays says it's sticking with its equal weight rating following earnings on Tuesday. The company preannounced results last week. "We expect investors to more closely scrutinize forward guidance. For the June-Q, SMCI guided revenue in line with our model at $6B at the midpoint, however, [gross margin] guide of 10% was below our expectations with SMCI citing conservatism, competition and tariffs impact." Bank of America reiterates Datadog as buy The Wall Street bank says it's sticking with Datadog following earnings on Tuesday. "We believe the results are another data point that it is positioned to be a share gainer in a $50bn observability [total addresable market], driving long-term durable revenue growth." Needham resumes Super Micro as buy The firm resumed coverage of Super Micro Computer following earnings and said the worst is behind it. "With filing risks behind the company, along with an attractive valuation, we are stepping off the sideline and resuming coverage with a Buy. " Truist upgrades Constellation Brands to buy from hold Truist says shares of the beer and wine company are attractively valued. "Our recommendation is based on our belief that: 1) Investor cynicism on alcohol consumption is too high, 2) Investor sentiment on STZ has bottomed, and 3) the company's [free cash flow] is underappreciated by investors at the current valuation." Cantor Fitzgerald downgrades Marvell to neutral from overweight Cantor says it doesn't like Marvell management delaying its investor day. "We had hoped to hear about new potential wins at the coming Investor Day but with mgmt delaying the event, we suspect there is not too much good news to share." Bank of America upgrades Wynn to buy from neutral The Wall Street firm says it's bullish on the opening of a new Wynn property in the Middle East. "We are upgrading shares of Wynn Resorts (WYNN) to Buy from Neutral. Why now? The key catalyst is the opening of Wynn Al Marjan Island in early 2027, the first major integrated casino resort in the Middle East. We think this development will increasingly factor into investor expectations and underwriting over the next 12-18 months." Bank of America upgrades Honeywell to buy from neutral The firm says HON shares are undervalued. "Following solid, beat-and-raise 1Q25 earnings, we upgrade shares of Honeywell to Buy from Neutral and raise PO to $250 from $210. Honeywell is one of the most discounted names in our coverage on a terminal growth basis." Bank of America reiterates Arista Networks as buy Bank of America says it's standing by Arista following earnings on Tuesday. "We remain positive on management's ability to execute, the company's technological differentiation, product positioning, and its [total addressable market] growing to $60bn by 2027." Loop upgrades Louisiana-Pacific to buy from hold Loop says the building materials company is well positioned to "navigate near-term macro uncertainties." "We are upgrading LPX to Buy from a Hold rating and maintaining our $110 PT after the company increased its FY25 siding guidance after a healthy 1Q25 beat with broad-based demand strength across end markets."