Top analyst recommendations for Wednesday include notable companies such as Nvidia, Apple, Target, Super Micro, AMD, and Uber.

Here are the most significant Wall Street calls from Wednesday:

Deutsche Bank has upgraded Moderna from sell to hold, citing a more balanced risk/reward scenario for the company’s shares. BTIG has shifted its stance on TrueCar from neutral to buy, expressing optimism about the automotive pricing internet company’s prospects and setting a price target of $3.75. Seaport has upgraded Sphere Entertainment from neutral to buy, noting an attractive entry point for the Las Vegas-based entertainment company. Baird has moved Builders First Source from neutral to outperform, highlighting the company’s strong positioning and the fading of key headwinds by 2025.

Barclays has downgraded the retail sector from positive to neutral, pointing to weakening demand and intensified promotions. TD Cowen has downgraded Molson Coors from buy to hold, citing a loss in market share gains. Wells Fargo has downgraded Amgen from overweight to equal weight, stating that the investment thesis has played out and the risk/reward is no longer compelling. B. Riley has downgraded TripAdvisor from buy to neutral, reflecting a decline in core revenue growth and margins.

Piper Sandler has reiterated its overweight rating on Advanced Micro Devices and Nvidia, identifying them as top picks benefiting from upcoming secular shifts. Citi has placed a positive catalyst watch on Amer Sports, seeing an attractive risk/reward following a 25% drop in shares since late June. Wells Fargo has upgraded Globus Medical from equal weight to overweight, noting better-than-expected progress in its integration with NuVasive.

Wells Fargo has named Uber as a top pick, citing the company’s strong performance and addressing concerns about autonomous vehicle risks. Raymond James has initiated coverage of Natural Gas Services Group with a strong buy rating, recognizing its leading position in the U.S. natural gas compression market. TD Cowen has initiated coverage of Abacus Life with a buy rating, highlighting its attractive business model and setting a price target of $14.

Bank of America has reiterated its buy rating on Apple, noting strong App Store revenue growth. Citi has reiterated its buy rating on Target, expressing optimism ahead of the company’s earnings report on August 21. Bank of America has downgraded Super Micro Computer from buy to neutral, anticipating margin pressure despite higher revenue projections. The firm has also reiterated its buy rating on Rivian, maintaining confidence in the company’s product and strategy.

Goldman Sachs has reiterated its buy rating on Sunrun, expecting strong cash flow to support market share gains. Bernstein has upgraded Arm from underperform to market perform, raising the price target to $100 per share based on valuation and confidence in mobile royalty growth. Mizuho has upgraded Vertiv from neutral to outperform, citing robust fundamentals despite cooling AI valuations. Finally, Deutsche Bank has upgraded Aramark from hold to buy, describing the company as a “cleaner story” and raising the price target to $39.