Here are the biggest calls on Wall Street on Thursday:
HSBC upgrades Keurig Dr Pepper to buy from hold
The bank says Keurig Dr Pepper has an “improving” coffee outlook.
“Strong trends in refreshment beverages and improving outlook for US Coffee into 2H26 are encouraging.”
Jefferies upgrades Five Below to buy from hold
Jefferies sees “comp strength.”
“FIVE is transforming from a trend-driven retailer into a durable growth story with rising productivity, HSD% unit growth, structurally higher comps, and accelerating EPS growth.”
Cantor Fitzgerald upgrades WhiteFiber to overweight from neutral
Cantor says the AI solutions company is at an inflection point.
“WYFI reported 2Q26 results yesterday morning (8/12). We come away from the print with more confidence in WYFI’s business inflecting higher.”
JPMorgan resumes Salesforce at overweight
JPMorgan reinstated Salesforce and sees plenty of upside.
“Our favorable view is underpinned by an expected acceleration in the core business in 2HF27 from a near-term perspective, and by our view that concerns about disruption to its position with Enterprises from adoption of frontier AI models and competitive dynamics should be limited to a small portion of the business.”
Wolfe upgrades Abbott Labs to outperform from peer perform
Wolfe says it sees an attractive setup.
“ABT: 2027 Setup Seems AB(i)T Better – Upgrade to Outperform.”
Wolfe upgrades Biogen to outperform from peer perform
Wolfe says the company has pipeline optionality.
“We’re upgrading BIIB to an Outperform driven by a solid P&L growth story & optionality..”
Morgan Stanley initiates Achieve Life Sciences at overweight
Morgan Stanley says in its initiation of Achieve Life Sciences that it’s bullish on the company’s Cytisinicline drug.
“Cytisinicline is being developed as an oral, TID treatment of nicotine dependence for smoking cessation in adults.”
Citigroup upgrades Sibanye Stillwater to buy from neutral
Citi says it likes the precious metals company’s strategy.
“SSW has traded at a discount to peers over the past 10 years (reflecting M&A risk, weaker cash conversion, and lower RoE). However, the company has shifted its strategy from M&A led growth to organic growth. We view this change as prudent.”
Daiwa reiterates Disney as buy
Daiwa says it’s sticking with Disney shares.
″...we believe that DIS parks can continue to outperform broader industry trends given DIS’s intellectual property, pricing power, attractions, resorts, merchandise, & expanding cruise capacity.”
Canaccord initiates Galiano Gold as buy
Canaccord says shares of the gold miner have plenty more room to run.
“Galiano is a single asset gold producer that owns a 90% interest in the Asanko Gold Mine (AGM) in Ghana, with the Government of Ghana holding the remaining 10% free-carried interest, where multiple open pits feed a centralized processing plant.”
Goldman Sachs initiates Vail Resorts at sell
Goldman says it sees structural headwinds.
“We initiate on Vail Resorts with a Sell rating and a $132, 12-month target price which implies 11% downside vs. +8% upside for the rest of our coverage.”
Wolfe upgrades AbbVie to outperform from peer perform
Wolfe says shares are compelling.
“We’re upgrading ABBV to an Outperform driven by its attractive valuation vs. peers, lack of near-term LoE exposure, and a solid catalyst path forward.”
Benchmark initiates Allegro MicroSystems at buy
Benchmark says the integrated circuits and sensor company is in growth mode.
“We are initiating coverage of Allegro Micro (ALGM) with a Buy rating and $60 price target.”
RBC upgrades Silgan Holdings to outperform from sector perform
RBC said in its upgrade of Silgan that the consumer goods packaging company has a slew of catalysts ahead.
“1) DSC [dispensing and specialty closures] inflection driven by Dispensing and Fragrance/Beauty; 2) Strong execution with Pet Food and Weener driving volume recovery; and 3) Favorable capital allocation likely prioritizing M&A, share repo’s, and deleveraging.”
Wells Fargo upgrades SM Energy to overweight from equal weight
Wells says the exploration and production company is attractive.
“We upgrade SM from EW to OW with a $47 price target, based on NAV.”
Bank of America reiterates Advanced Micro Devices and Nvidia as buy
The bank says both stocks remain top ideas.
“AMD remains top CPU pick, NVDA overall sector top pick.”
Citi upgrades Establishment Labs to buy from neutral
Citi says buy the dip in the medtech company.
“We believe ESTA’s post-print slump, down 13.4%, was more a reflection of positioning and lingering concerns over the macro environment than a check on management’s execution and commercial performance.”
Bank of America reiterates Nebius as buy
Bank of America raised its price target to $310 per share from $280.
“Nebius Group reported robust 2Q26 results with revenue growth of 454% YoY vs. Street’s 430% expectation and EBITDA margin of 40.5%, ahead of Street’s 27.8%, driven by capacity additions and higher-margin revenue streams.”
Bank of America reiterates MongoDB as buy
The bank says the stock is undervalued.
“Reiterate Buy, raise PO to $540 (from $450) on our higher conviction that MongoDB will win meaningful share of future AI workloads.”
Citi reiterates SpaceX as buy
Citi says it’s sticking with SpaceX.
“On space: We view space as an emerging opportunity for investors that could reshape many domains and reiterate our Buy rating on SpaceX.”
Morgan Stanley reiterates Cisco as overweight
The bsays shares of Cisco have plenty more room to run following earnings.
“CSCO is seeing broad-based strength across core enterprise and hyperscaler AI, with improving share momentum as the company is facing fewer supply-chain challenges.”
Oppenheimer initiates Carriage Service as outperform
Oppenheimer says the funeral company is a “quality asset.”
“With an attractive risk/reward profile and >40% upside potential, we’re initiating on Carriage Services with an Outperform rating/$48 target.”
Jefferies upgrades Brightstar Lottery to buy from hold
Jefferies sees “significant” free-cash low acceleration.
“BRSL’s lottery business has historically progressed through significant cash flow cycles that have been key drivers of the shares with current circumstances suggesting a positive set-up.”
Bank of America downgrades Stubhub to underperform from neutral
Bank of America sees deteriorating growth for Stubhub.
“World Cup catalyst in rear view, slower growth ahead; DG to Underperform.”
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