Thursday Wall Street calls: Goldman adds Amazon to conviction buy list, Wells Fargo adds Microsoft to Q4 tactical buy list, Morgan Stanley trims Apple target
What happened
Thursday's batch of Wall Street research calls (as compiled by CNBC and TradersUnion) included several notable moves on Mag 7 names: Goldman Sachs added Amazon to its conviction buy list; Wells Fargo added Microsoft to its fourth-quarter tactical buy list; Morgan Stanley reiterated Apple as overweight but trimmed its price target; Deutsche Bank added Meta to its fresh money list; and UBS reiterated Nvidia as buy, calling it a top idea for the quarter. Bank of America also reiterated Micron as buy after its strong earnings, citing a durable AI-driven memory cycle and tighter supply discipline. In energy, Wells Fargo upgraded BP to overweight and downgraded Exxon to equal weight, while Goldman upgraded TC Energy and Occidental Petroleum to buy.
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- AMZN — direct upgrade to Goldman's conviction buy list, its strongest recommendation tier. MSFT — new addition to Wells Fargo's Q4 tactical list. AAPL — overweight reiteration but a trimmed target signals tempered optimism. META — fresh-money-list addition from Deutsche Bank. NVDA — top-idea reiteration from UBS. MU — buy reiteration post-earnings keeps semiconductor momentum. BP/OXY/TC Energy — energy upgrades on supply-tightness theme.