Friday’s Biggest Analyst Calls: Nvidia, Apple, Tesla, Intel, Micron, Ups, Stellantis, Toast, Coreweave and More

Here are Friday’s biggest calls on Wall Street:

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Bank of America upgrades PagSeguro to Buy
Bank of America turned more bullish on PagSeguro, citing attractive valuation metrics.
The firm upgraded the Latin American payments processor to Buy from Neutral, pointing to its 6.5x price-to-earnings multiple and projecting earnings per share growth of roughly 15% annually.

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BMO cuts UPS to Market Perform
BMO downgraded United Parcel Service, highlighting ongoing challenges. Analysts said a demand rebound remains uncertain, particularly in the B2B segment. They also flagged headwinds from shifting U.S. trade policy, including the rollback of de minimis import exemptions.

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Citi lowers Intel to Sell
Citi moved Intel down to Sell following its recently announced partnership with Nvidia. The firm argued that Intel’s current valuation already assumes success in its leading-edge foundry unit, which it believes has limited probability of achieving scale.

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Barclays reiterates Micron as Overweight
Barclays boosted its price target for Micron ahead of its September 23 earnings release, raising it to $175 from $140. The bank expects Micron to post results slightly above guidance and to offer stronger forward outlooks, thanks to NAND volume and pricing tailwinds.

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Barclays starts Waste Management with Overweight
Barclays initiated coverage on Waste Management, setting a $272 price target. The firm pointed to robust core performance, synergies from its Stericycle deal, and potential share buybacks as drivers of further upside.

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Berenberg upgrades Stellantis to Buy
Berenberg raised its outlook on Stellantis, noting improved fundamentals.
The firm said stronger inventory dynamics in the U.S. and momentum from upcoming product launches should drive gradual earnings improvements for the European automaker.

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Roth initiates Beauty Health with Buy
Roth Capital began coverage on Beauty Health, calling it a turnaround play. The firm issued a Buy rating with a $3.50 price target, citing recovery potential.

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Baird upgrades Tesla to Outperform
Baird shifted Tesla higher to Outperform, citing what it calls an approaching “physical AI inflection.” The firm said investor attention has moved toward Tesla’s long-term innovation path, despite muted stock reactions to recent weaker quarters.

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Loop initiates CoreWeave with Buy
Loop started coverage on CoreWeave, calling it a leader among emerging “Neocloud” providers. Analysts highlighted its inclusion in a select group of cloud players being integrated with Nvidia, hyperscalers, and top AI research labs.

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Morgan Stanley lifts Lincoln National to Overweight
Morgan Stanley upgraded Lincoln National, describing it as a successful turnaround case. The firm cited the company’s pivot to a capital-light model that supports consistent profit growth and strong balance sheet stability.

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Morgan Stanley upgrades Klaviyo to Overweight
The firm also boosted Klaviyo, noting its expanding role in digital marketing. With growth moving beyond email toward broader CRM solutions for consumer-facing businesses, Morgan Stanley projects the company can sustain over 20% growth rates.

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JPMorgan reiterates Apple as Overweight
JPMorgan raised its price target on Apple to $280 from $255, citing strong early demand for the new iPhone 17 lineup. The bank sees sales potentially surpassing iPhone 16 volumes year over year, easing earlier concerns of a demand slowdown.

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Piper Sandler cuts MetLife to Neutral
Piper Sandler downgraded MetLife to Neutral from Overweight, largely on valuation grounds. With the stock trading close to its $84 target, analysts see limited upside from current levels.

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starts Kinder Morgan and Williams as Outperform
BMO launched coverage on Kinder Morgan and Williams Companies, giving both Outperform ratings. The firm cited favorable demand trends tied to global energy consumption and set targets of $32 for KMI and $66 for WMB.

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Benchmark upgrades Intel to Buy
Benchmark moved Intel up to Buy, urging investors to take advantage of volatility following its Nvidia deal. Analysts said any weakness in share price should be seen as a long-term buying opportunity.

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Deutsche Bank reiterates Toast as Buy
Deutsche Bank restated its Buy rating on Toast, calling it a standout fintech name. While near-term trading may remain choppy, the firm views Toast as a differentiated long-term winner in restaurant technology.

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Truist upgrades Bill.com to Buy
Truist lifted Bill.com to Buy from Hold, raising its price target to $63 from $50. The firm sees stronger revenue growth ahead, offering roughly 20% upside from recent levels.

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Loop upgrades SiteOne Landscape Supply to Buy
Loop boosted SiteOne to Buy with a new target of $160, up from $150. The firm said the company is positioned for growth in fiscal 2026, following headwinds from commodity deflation in recent years.

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UBS initiates Laureate Education with Buy
UBS began coverage on Laureate Education with a Buy rating and $35 target. Analysts said the global education company offers solid upside potential as it continues to expand its market presence.

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