Wall Street Calls: Wells Fargo Upgrades SBA Communications, HSBC Lifts Apple to Buy

According to CNBC, Wells Fargo upgraded SBA Communications to overweight from equal weight and raised its price target to $210 from $220 prior, saying collapsed take-private headlines and a broader towers pullback pushed the shares sharply lower. Bank of America reiterated Netflix as buy but cut its price target to $105 from $125 after earnings, saying results were mostly in line but not strong enough to change the debate. HSBC upgraded Apple to buy from hold and called for a strong cycle ahead, saying Apple's product pipeline and improved AI capabilities could support hardware revenue growth and higher-margin Services revenue. Bank of America also reiterated Nvidia as buy, saying it remains the most-owned semiconductor stock in the S&P 500 at 77.8% of funds. JPMorgan upgraded Emerson Electric to overweight from neutral ahead of earnings and said investors should buy the dip.