Several banks initiated buy ratings on new names Wednesday, including Cava, American Bitcoin, Sylvamo, Alvotech, Anheuser-Busch InBev, Rocket Pharmaceuticals, Similarweb and Creditcorp, while Goldman Sachs lowered its Tesla delivery forecast for Q3 2026 to 435,000 units from 490,000. Morgan Stanley maintained overweight ratings on Microsoft, SpaceX and Apple, with the latter benefiting from checks suggesting iPhone 18 demand may be better than feared. On price targets, Goldman raised its Chevron target to $240 per share from $225, and Bank of America reiterated buy ratings on Nvidia, Marvell, Broadcom and Micron, viewing these semiconductor stocks as compelling in the AI era.
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