Here are Wednesday's biggest analyst calls of the day: Nvidia, Peloton, Costco, Facebook & more

Key Points
  • Deutsche Bank upgraded Zillow to buy from hold.
  • Berenberg upgraded Teladoc to buy from hold.
  • JPMorgan raised its price target on Peloton to $105 from $58.
  • Berenberg downgraded American to sell from hold and Delta to hold from buy.
  • Berenberg upgraded Southwest Airlines to buy from hold.
  • Bank of America raised its price target on Nvidia to $650 from $600.
  • Cowen raised its price target on Costco to $410 from $370.
  • Bank of America raised its price target on Twitter to $52 from $48 and on Facebook to $335 from $290.
Delta A220
Source: Delta

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Here are the biggest calls on Wall Street on Wednesday:

Deutsche Bank upgraded Zillow to buy from hold

Deutsche upgraded the online real estate company and said it sees more "upside potential" due to the company's Premier Agent business among other things.

"We upgrade Zillow's shares to Buy (from Hold) and see meaningful upside potential to estimates across a number of vectors that can drive the shares higher. We added Zillow to our short-term Catalyst Call list as a Buy on June 8 and despite the run in the shares, we continue to see upside potential after doing more work. The company has gotten the Premier Agent (PA) business back on a stable footing through the Premier Agent 4 transition and the COVID-19 pandemic."

Berenberg upgraded Teladoc to buy from hold

Berenberg upgraded the telemedicine company and said it sees a "strong" growth outlook following the company's merger with Livongo.

"Since the August 4, 2020 announcement of the $18.5bn merger with Livongo Health, a digital health company focused on chronic disease management, TDOC and LVGO shares have sold off 13% and 3%, respectively. Amidst this valuation reset, we believe a strong growth outlook for the proforma telehealth business appears overlooked."