By Michael Bloom
Publication Date: 2025-12-10 13:34:00
Here are the biggest calls on Wall Street on Wednesday: Stephens initiates LKQ at overweight Stephens says the online auto parts store is a “deep value stock.” “We are initiating coverage of LKQ with an Overweight rating, $39 PT.” JPMorgan upgrades PepsiCo to overweight from neutral JPMorgan says the stock is too cheap to ignore. “We are upgrading PepsiCo (PEP) to Overweight from Neutral as we believe an accelerated agenda of innovation and marketing spending fueled by strong productivity savings should position PEP to drive HSD total shareholder return (TSR) in 2026, which benchmarks well against high-quality peers yet at a steep high-teens discount.” Read more. KeyBanc initiates Samsara at overweight Key sees “meaningful growth ahead” for the stock. “We believe Samsara’s modern end-to-end platform for operations is well positioned to address the large +$45T ‘Physical Operations’ industry that has historically been underserved by technology, with organizations still heavily reliant on manual processes and siloed legacy processes.” Wolfe upgrades Waters to outperform from peer perform Wolfe says the lab and medical supplies company has plenty more room to run. “We are upgrading WAT to OP with a PT of $480. Shares are positioned to outperform via the combination of (a) above-avg. core growth, (b) upside to pro forma financial targets, (c) a very attractive FCF profile, and (d) a top-notch management team.” Guggenheim initiates Amazon at buy Guggenheim sees “continued…