Wall Street Analyst Calls: CoreWeave Upgraded, IBM Initiated

Wall Street saw a flurry of analyst upgrades and rating changes on Wednesday, covering several notable stocks including CoreWeave, IBM, Marsh & McLennan, Generac Holdings, and Philip Morris International.

Details of Upgrades and Changes

CoreWeave

Bank of America analysts upgraded CoreWeave from "Neutral" to "Buy" and raised the price target to $65. They noted the company is benefiting from growing demand for AI cloud computing infrastructure.

IBM

Jefferies initiated coverage on IBM with a "Buy" rating and a $220 price target. Analysts highlighted IBM's shift toward cloud computing and AI as a growth driver.

Marsh & McLennan

Morgan Stanley analysts upgraded Marsh & McLennan from "Equal Weight" to "Overweight" and raised the price target to $220. They cited a strong insurance pricing environment.

Generac Holdings

RBC Capital analysts upgraded Generac from "Sector Perform" to "Outperform" and raised the price target to $170. They noted continued strong demand for backup generators.

Philip Morris International

Barclays analysts upgraded Philip Morris from "Equal Weight" to "Overweight" and raised the price target to $120. They pointed to growth in heated tobacco and smoke-free alternatives.

What This Means for Investors?

These upgrades reflect a positive analyst outlook on these companies, driven by factors like AI demand, business transformations, and favorable market conditions. However, investors should conduct their own research before making any investment decisions.