Here are the biggest calls for Wednesday on Wall Street: Morgan Stanley reiterates Apple as overweight Morgan Stanley said in an Apple earnings preview note later this month that it’s a “quality name.” high quantity to buy at a discount”. “We expect June Q results to be slightly below the Streets and towards the end of the guidance lower, with Mac & Services underperforming the iPhone steady results. We see potential. for the September Q commentary be more careful, but consider AAPL a high-quality name to buy on feedback.” Bernstein upgraded Alibaba to outperform the market performance Bernstein said in the last time. upgrade Chinese tech companies that they see attractive risk/reward prospects. “We are upgrading Alibaba as we expect the company’s increased GMV market share to improve in the coming quarters as we remove last year’s merchant migration and softer macro calculations.” , while also hoping to spend lower on strategic initiatives to drive EBITA Trade China growth.” Read more about this call here. Bernstein initiates Atlassian, Datadog and ServiceNow for outperforming Bernstein says software companies are long-term winners. “We aspire to see through the fog of the future and identify companies that are still on the path to becoming a long-term cash platform. The names we choose to cover all have big dreams and aspirations. aspire to be a part of the long-term winning club.” Read more about this call here. Bernstein downgraded Cummins on market performance versus better performance Bernstein said in downgrading the power generation product maker that Street’s estimate was too high. “We are downgrading Cummins from Outperform to Market Performance and adjusting our price target from $238 to $190, implying a 7% drop from the current share price.” Bank of America downgraded Hologic to neutral versus acquisition. Bank of America says it sees too many difficulties for the medtech company. “Despite HOLX’s admirable progress in improving its core business, as well as diagnostic stock (Dx) earnings during the COVID (C19) pandemic, we believe the macro environment , ongoing supply chain issues, C19 pilot rollout, and F/X headwinds will hamper core growth and operating margin (OpM) expansion heading into FY23 “. Susquehanna started Caesars because Susquehanna said negatively when starting the casino stock business that they saw a “difficult” operating outlook. “While CZR navigates three Houdini-like deals since 2020 (consolidation ends 4 months after pandemic started; multi-asset trading horses; closing sale of non-US WH assets to 888) ), we think the “clock” is over and creates a tough operating outlook for them.” HSBC upgrades Chevron to buy from shares HSBC says it sees an attractive entry point for Chevron . “The industry correction due to oil prices makes valuations look attractive again – we see our target for more than 20% upside.” Read more about this call here. Bank of America upgrades Check Point to buy from underperforming bank “We’re upgrading Checkpoints to Buypoints from Underperforming, and flagging Checkpoints and Amdocs as providing investors with the highest levels of visibility and stability over the next few quarters.” Bank of America downgraded Arista and Juniper to milder levels when buying Bank of America downgraded some network stocks and said it sees a worsening financial situation. “Downgrading JNPR, ANET, FFIV. Despite recent valuation declines, we downgrade several Network stocks as we believe investor expectations remain out of line with the downturn Bank of America, reiterating Amazon’s purchase of Bank of America, said in its earnings preview, noting that the consumer outlook is “cloudy” but it’s “positive on profits and reduced pricing. “A mazon (AMZN) reported July 28 and we are lowering our 2022 & 2023 estimates to reflect recent forex pressures and BofA’s outlook for a mild recession in Q4.” Stifel Upgrades Netflix to Acquire Stifel Upgraded Netflix After I reported earnings on Tuesday and said it sees steady stock and over-inflated subscriber losses. “We’re upgrading Netflix stock to Buy. With signs of steady subscriber growth emerging, we believe the prospect of a long-term subscriber loss is becoming increasingly unlikely. out.” Read more about this call here. Argus downgrades Weyerhaeuser to not acquire Argus downgraded woodland company due to cooling housing market. “We expect Weyerhaeuser’s results to be impacted by lower lumber prices and a slowdown in new residential construction.”