By Michael Bloom
Publication Date: 2025-12-09 13:27:00
Here are Tuesday’s biggest calls on Wall Street: RBC upgrades Wave Life Sciences to outperform from sector perform RBC upgraded Wave Life and said the biotech company showed impressive obesity data in a clinical trial. “Overall, we are impressed by the data and see upside from here given a very large market clear Pharma appetite for orthogonal mechanisms of action and a drug that is showing a very rapid shift in body composition that can be explored as monotherapy, add-on to incretin or in the post incretin settings.” BMO initiates Delta and United as outperform BMO said Delta and United are extremely well positioned. “We are launching coverage of the U.S. airline sector including Delta Airlines, DAL ; United Airlines, UAL. ” HSBC initiates Micron as buy HSBC said Micron has tech leadership. “We believe Micron will also benefit from a 4-to-5-year-long upcycle, longer than the usual 2- to 3-year cycle historically.” Bernstein initiates Nvidia outperform Bernstein said it’s a “positive development” if reports are accurate that Nvidia is allowed to supply chips to customers in China. “On Monday President Trump announced that the US will allow NVIDIA to supply their H200 AI part to ‘approved customers’ in China, confirming news flow from earlier in the day and other market discussion from the past week. … Nevertheless this would appear to be a positive development.” Deutsche Bank reiterates Tesla as buy Deutsche said the stock is a top idea in 2026 and that Tesla can work…
