Here are the biggest calls on Wall Street on Tuesday:
KBW upgrades Toll Brothers to market outperform from market perform
KBW says the “fundamental tone” is improving.
“Concurrently, we upgrade TOL to Outperform, reflecting resilient luxury demand, a long-land inflation hedge, and improved fundamental tone coming out of 2Q.”
Citizens initiates Park Aerospace as market outperform
The firm says it sees a “growth opportunity” for the aerospace materials company.
“We initiate coverage with a Market Outperform rating and $42 price target on Park Aerospace Corp. (PKE), a manufacturer of advanced composite materials, structures, and assemblies for aerospace and defense applications, with sole-source positions across key commercial aviation engine programs and high-priority munitions systems, including the PAC-3 Patriot.”
Morgan Stanley reiterates Apple as overweight
Morgan Stanley raised its price target on Apple to $360 per share from $330 following the first day of the company’s Worldwide Developer’s Conference.
“WWDC 2026 illustrated clear progress on Apple’s AI roadmap and suggested earlier monetization oppt’y than we expected, but also showed Apple Intelligence improvements will be a marathon, not a sprint. With less backwards compatibility + clearer use cases, we see WWDC as a net positive;”
JPMorgan reiterates Nvidia as overweight
JPMorgan says it’s bullish on the partnership between Nvidia and SK Hynix.
“We believe the multi-year partnership implies extended demand visibility and highlight that this also acts in favor of other existing memory makers given the likely limited supply.”
Canaccord upgrades FuelCell to buy from hold
Canaccord says the clean tech company has plenty of upside.
“FuelCell has spent years demonstrating its technology at a small scale, and nearly one GW of its energy blocks have been deployed globally over the past two decades.”
Benchmark initiates International Flavors & Fragrance as buy
The firm says the company has a “transformed balance sheet.”
“With market leading positions as a novel ingredient provider of taste, scent and health/bioscience solutions throughout consumer and industrial end markets, IFF’s recent history has been defined by portfolio optimization.”
UBS upgrades Arthur J. Gallagher to buy from neutral
UBS says shares are too attractive to ignore.
“The current valuation around 11.5x EV/ EBITDA NTM [next twelve months] offers an attractive entry point amid concerns over softer commercial pricing and AI disintermediation and we see the market undervaluing AJG’s growth model, brokerage resilience, and margin potential.”
Goldman Sachs reiterates Micron as neutral
Goldman raised its price target on Micron ahead of earnings later this month to $900 per share from $400.
“We believe investor expectations are very elevated heading into the print, with Micron benefiting from robust DRAM pricing trends.”
Deutsche Bank reiterates Birkenstock as buy
Deutsche raised its price target to $51 per share from $41.
“After hosting BIRK at our Global Consumer Conference last week we came away incrementally confident in what we see as a compelling capital allocation angle within the BIRK story.”
BTIG initiates Magnite as buy
BTIG says the ad tech company is a “market leader.”
“We are initiating coverage of MGNI with a Buy and $20 PT. MGNI is an ad tech player in the connected TV (CTV), Mobile and Desktop verticals offering integrated tech from supply side platform (SSP) to ad server.”
Bank of America reiterates Oracle as buy
The firm raised its price target ahead of Oracle earnings on Wednesday.
“We reiterate our Buy rating and raise our PO to $240 from $200, based on 26.5x our CY27E P/E estimates vs 22x prior, as underlying demand trends remain robust across both cloud infrastructure and database workloads.”
Canaccord initiates Gold.com as buy
Canaccord says the gold company is firing on all cylinders.
“We are initiating coverage of Gold.com (GOLD) with a BUY rating and $70 PT. Rebranded from A-Mark Precious Metals (AMRK) in December 2025, GOLD is an integrated precious metals platform that offers an array of gold, silver, palladium, and copper bullion, and numismatic coins to wholesale and retail customers.”
TD Cowen reiterates Alphabet as buy
TD Cowen raised its price target on the stock to $475 per share from $425.
“Our updated GOOG capex estimates are 23% above consensus for ’27, and we estimate Cloud Operating Income to grow at a nearly 40% CAGR in ‘26-’31 despite elevated expense growth.”
Wolfe reiterates Tesla as peer perform
The firm said in an analysis of the SpaceX IPO that it sees it eventually sees a merger with Tesla.
“Based on our discussions with institutional investors, the potential for an eventual SpaceX / Tesla merger has increasingly moved into the mainstream, with some now making it their primary thesis for owning the TSLA stock.
Truist initiates Grand Canyon Education as buy
Truist says the company is the “highest-quality” education business.
“We launch coverage of Grand Canyon Education (LOPE) with a Buy and $200 PT.”
Barclays upgrades West Pharmaceuticals to overweight from equal weight
The firm said in its upgrade of West the threat of the oral GLP-1 is overdone for the biotech company.
“When we initiated on the stock at Equal Weight last year, our key reason for staying on the sidelines was mainly around the risk from multi-dose vials to the business, plus the implications of oral GLP-1s coming to market. We admittedly overestimated these potential headwinds and have now done some work that suggests it should not be as big of a threat over the next few years as we previously thought.”
Oppenheimer initiates LSI Industries as outperform
Oppenheimer called the lighting and graphics company “unique.”
“We are initiating coverage of LSI Industries (LYTS) with an Outperform rating and $30 price target.”
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