Wealth Host Brad Smith breaks down Wall Street's latest stock calls.

HSBC (HSBC) has raised Costco Wholesale's (COST) price target to $1,000 per share from $926, maintaining a Hold rating following the retailer's strong first-quarter fiscal performance. The firm cites Costco's robust online and in-store sales, along with its expanding market share.

JP Morgan (JPM) has upgraded Penn Entertainment (PENN) to Overweight from Neutral, citing improving free cash flow and the promising performance of its online sports betting service, ESPN Bet.

Barclays (BCS) has also boosted its outlook on Norwegian Cruise Line (NCLH), upgrading the stock to Overweight from Equal Weight and increasing the price target to $32. The firm points to strong demand optimism and positive projections for the cruise industry in the coming year.

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This post was written by Angel Smith