Here are Wednesday's biggest analyst calls of the day: Apple, Wells Fargo, Chevron, GM & more

Published Wed, Mar 10 20218:01 AM ESTUpdated Wed, Mar 10 20218:34 AM EST

Key Points

Morgan Stanley upgraded Sunrun to overweight from equal weight.
Goldman Sachs upgraded Old Dominion to buy from neutral.
Wedbush added Apple to the best ideas list.
Morgan Stanley reiterated General Motors as a top pick.
Evercore ISI reiterated Chevron as a top pick.
Morgan Stanley raised its price target on Wells Fargo to $47 from $43.
Loop downgraded Tempur Sealy to hold from buy.
Evercore ISI raised its price target on Dick's to $100 from $75.

Here are the biggest calls on Wall Street on Wednesday: Morgan Stanley upgraded Sunrun to overweight from equal weight Morgan Stanley upgraded the solar company, praised the company's management and said the stock was "compelling." "We view RUN stock at this price as compelling value driven by (1) a management team with a strong execution track record; (2) a rapidly growing 'economic wedge' between incumbent utility costs and the company's own falling cost structure; (3) the company's being a key beneficiary of upcoming clean energy legislation, which we expect to include a standalone tax credit for energy storage." Goldman Sachs upgraded Old Dominion to buy from neutral Goldman upgraded the truckload shipping company and said investors should get more exposure to transportation stocks like Old Dominion. "Even with the recent February storms, the recovery does appear to be well underway, with a strong likelihood for re-acceleration in YOY growth in March - typically the busiest in the 1Q. With the impending recovery solidiﬁed, we think more exposure to industrial-centric portions of transportation is prudent." Wedbush added Apple to the best ideas list Wedbush added the tech giant to its best ideas list and said Apple 's "supercycle party" is going "well." "To this point, our recent Asia checks overall came in bullish yet again with only some tweaks to near-term builds and an initial build forecast for iPhone 13 which could be a 'game changer' indicating the supercycle party in Cupertino is going well in FY22." Morgan Stanley reiterated General Motors as a top pick Morgan Stanley reiterated General Motors as a top pick and said the company continues to make the right "structural changes" needed to be successful in the future. " GM remains our top pick in US Autos (OW, $80 price target) due primarily to our bet on management taking advantage of this window of opportunity to make permanent structural changes to the company's business which we believe will be significantly reflected in the company's valuation." Evercore ISI reiterated Chevron as a top pick Evercore ISI reiterated the oil and gas giant as one of its favorite stock's after the company's "positive" analyst day. "Chevron remains a long-time favorite, as it retains emphasis on the returns profile rather than the production profile. Higher returns and lower carbon drive the value proposition with Chevron providing credible targets and timeframes for higher ROCE. Morgan Stanley raised its price target on Wells Fargo to $47 from $43 Morgan Stanley raised its price target on the banking giant and said it sees more "upside" in the stock and that the company should benefit from the yield curve steepening. " WFC set to benefit as the most asset-sensitive name in our coverage. Add in lower credit costs and higher loan growth from oil prices up +34% YTD, and we raise our 2023e EPS +6% and our PT to $47 from $43. Climb aboard; we think there's plenty of upside left." Loop downgraded Tempur Sealy to hold from buy Loop downgraded the mattress and bedding company mainly on valuation. " TPX has benefitted from a much more intense focus on home comfort and a diversion of consumer dollars to home product spending. We believe Covid is still driving the shift of consumer time and dollars away from vacations and entertainment and towards making homes more comfortable, but this is likely to reverse soon." Evercore ISI raised its price target on Dick's to $100 from $75 Evercore raised its price target on shares of the sporting goods company to a Street high after its earnings report on Tuesday . The firm also reiterated its outperform rating on the stock. "Our thesis on DKS is that the retailer became more relevant to both customers (including 8 million Americans who discovered DICK'S for the first time in 2020) and brands over the course of the pandemic, and what we saw from 4Q was net-net more constructive towards that view."

A sign is posted in front of a Chevron gas station on July 31, 2020 in Novato, California.

Justin Sullivan | Getty Images

Here are the biggest calls on Wall Street on Wednesday: