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Tuesday's Biggest Wall Street Calls
Summary of Wall Street's biggest calls on Tuesday, including buy and upgrade recommendations for various companies, along with explanations.
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Us PoliticsLabour MarketArtificial IntelligenceFinanceStocksMarketInvestingRatings
Loop CapitalNxp SemiconductorOn SemiconductorMizuhoNvidiaMorgan StanleyWalmartTeslaInternational FlavorsVikingRedburn Atlantic EquitiesCitiC.h. RobinsonDeutsche BankSentinel OneBank Of AmericaWells FargoTwilioLeerinkBristol MyersMoffettnathansonMetaAlphabetAppleOktaD.a. DavidsonSnowflake
- Which companies did Morgan Stanley upgrade, and why?
- Morgan Stanley upgraded International Flavors and Viking to overweight, viewing both as undervalued. The upgrades reflect positive growth expectations for International Flavors and an attractive entry point for Viking.
- What were Citi's rating changes and the reasons behind them?
- Citi downgraded Ross to neutral from buy due to uncertainty surrounding management transition and high valuation. Meanwhile, they upgraded C.H. Robinson to buy, citing a more reasonable valuation.
- Which firms initiated buy ratings on semiconductor companies?
- Loop initiated coverage of NXP Semiconductor and On Semiconductor with buy ratings, citing bullish sentiment and low valuations respectively. Both companies are automotive-levered semiconductor makers that have been consensus shorts since late 2023.
- What was Mizuho's stance on Nvidia and what was their price target?
- Mizuho reiterated its buy rating on Nvidia, raising its price target to $165, highlighting Nvidia's dominance in the AI accelerator market and positive outlook heading into earnings.
- How did Morgan Stanley view Walmart and Tesla, and were any price target changes made?
- Morgan Stanley maintained overweight ratings for Walmart and Tesla, raising Walmart's price target to $89. The firm expects Tesla's total addressable market to expand significantly in the coming years.