Here are Thursday's biggest calls on Wall Street: Wolfe reinstates Exxon as outperform Wolfe reinstated coverage of the stock and said it sees more growth potential. "We resume coverage of ExxonMobil at outperform and a $146 PT. XOM is at the mid-point of a 2018-27 strategy that plans to double cash flow, with the bulk of growth still ahead.
" Mizuho reiterates Amazon as a top pick Mizuho said it's standing by the e-commerce giant ahead of earnings later this month. " AMZN ad tracking modestly ahead of expectations, indicating strength for commerce. Bank of America reiterates Nvidia as buy Bank of America said it's sticking with its buy rating on Nvidia and that investors should "focus on fundamentals.
" "So we understand the rotation away from AI/data-center semis towards industrial/auto/consumer, but it's not supported by fundamentals and is likely short-term positioning driven." Goldman Sachs reiterates Apple as buy Goldman said it's bullish heading into Apple earnings on Aug. 1.
"Expect EPS beat with key debates surrounding iPhone demand, AI investment, Mac/iPad refresh, and valuation." UBS initiates Frontier as buy UBS said the cable company is emerging as a "growing fiber provider." "We are initiating on Frontier with a Buy rating and $33 PT.
" Baird upgrades e.l.f.
Beauty to outperform from neutral Baird said it sees an attractive entry point for the beauty supply company. "With healthy brand momentum (including positive FQ1 checks), ongoing distribution expansion, and si.
