Wall Street analysts issue fresh ratings on Johnson Controls, Nvidia, Nike and AMD

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Analyst ratings: Johnson, Nvidia & more

Highlights

Seaport reiterates Nvidia at sell due to capacity constraints, rising competition, and large numbers limiting upside surprises.
Bank of America reiterates Advanced Micro Devices at buy, raises price target to $720 from $620, citing higher CPU average selling prices from AI.
Bank of America downgrades Nike to underperform from neutral, citing growing downside EPS risk as innovation fails to offset classics weakness and macro headwinds.

Friday's rating changes across sectors

As reported by CNBC, Wells Fargo initiates Johnson Controls at overweight, calling it a "self help" story supported by record backlog, data center-led orders and margin improvement that could drive above-average EPS growth.

UBS initiates Chemed at buy, while Mizuho reiterates SpaceX at outperform and says pricing trends in AI-related compute strengthen its confidence in premium pricing. Wolfe upgrades Fervo Energy to outperform from peer perform, and Citizens initiates Pursuit Attractions and Hospitality at market outperform.

Barclays initiates Ligand Pharmaceuticals at overweight, describing its royalty-focused model as differentiated. Needham initiates PDF Solutions at buy, Canaccord launches Merlin Labs at buy with a $7.50 price target, and Truist upgrades First Financial Bancorp to buy from hold on expectations that rising rates support upside to consensus.

Seaport reiterates Nvidia at sell and says capacity limits, competitive pressure and the law of large numbers restrict upside surprises. UBS upgrades Stem to buy from neutral after what it calls the clearest evidence yet of a sustainable earnings inflection, while StoneX initiates Viking Holdings at buy and Mizuho starts Tower Semiconductor at outperform with a $300 price target.

HSBC upgrades BP to buy from hold on expectations for faster deleveraging and less reliance on asset disposals. Bernstein initiates CF Industries at outperform and upgrades 3M to market perform from underperform, citing a refreshed view of the industrial group's transformation and margin expansion potential.

AI, consumer and payments names draw focus

Bank of America reiterates Advanced Micro Devices at buy and raises its price target to $720 from $620, citing higher CPU average selling prices linked to an agentic AI mix. Bernstein also reiterates Apple at outperform but flags concerns that rising memory costs could pressure gross margins in the December quarter.

JPMorgan initiates Genius Sports at overweight with a December 2027 price target of $8, saying the sports data and adtech platform is performing strongly. KeyBanc initiates Lumexa Imaging Holdings at overweight, Barclays upgrades Humana to overweight from equal weight, and Deutsche Bank reiterates buy ratings on both Tesla and Meta, lifting Meta's price target to $820 from $750.

Truist initiates Cardinal Infrastructure Group at buy and frames the company as a long-term growth story despite recent pressure tied to the data center trade correction and weak second-quarter 2026 earnings after a June equity offering. Bank of America downgrades Nike to underperform from neutral, arguing that downside risk to EPS estimates is increasing as innovation is overshadowed by weakness in its classics business and tougher macro conditions build.

Loop initiates Global Payments at buy with a $137 price target, Needham initiates Wealthfront at buy and says the platform is differentiated as the only public pure-play robo-advisor, and Goldman Sachs reiterates Costco at buy while trimming its price target to $1,134 from $1,159 after earnings.

Our earlier article on 3M’s technical setup highlighted signs that the stock’s pullback from summer highs may be losing momentum. It noted key support around $162, resistance near $170, and outlined upside targets that could come into play if 3M holds support and breaks higher.

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