Here are the biggest calls on Wall Street on Wednesday: Wolfe downgrades PulteGroup to peer perform from outperform Wolfe says the homebuilder is overvalued. "Valuation is the key driver of our PHM downgrade, while the company's elevated exposure to Florida and balanced consumer segmentation likely limits upside to our estimates." Stifel upgrades Starbucks to buy from hold Stifel upgraded the coffee chain following the management shakeup that included a new CEO.
we believe the company has found a formula to drive sustainable profitability." Citi upgrades Huya to buy from neutral Citi upgraded the China game streaming platform following earnings. "We rate Huya shares at Buy. We recognize a more proven traction of game related business that drive sequential and paying user growth and margin improvement." TD Cowen upgrades Ilumina to buy from hold TD Cowen sees revenue growth ahead for the biotech company.