Here are Tuesday’s biggest calls on Wall Street.
Rosenblatt initiates SanDisk as buy
Rosenblatt said the company is firing on all cylinders. “We are initiating coverage of Sandisk (SNDK) with a Buy rating and $2,400 12-month price target.” Read more.
Needham initiates GE Healthcare Technologies as buy
Needham said shareholders should buy the dip. “Our Bull-Bear analysis of GEHC suggests shares are largely pricing in a Bear case, which creates an attractive risk/reward.”
Melius initiates Kinder Morgan & Williams Companies as buy
Needham said in its initiation of Kinder Morgan and Willliams that both midstream stocks are attractive. “We are initiating coverage on the midstream sector as it evolves from a cyclical commodity play into a high-yield utility hybrid, driven by AI data center growth and global LNG exports”
KeyBanc upgrades Plexus to overweight from sector weight
Key upgraded the electronics manufacturer after a series of investor meetings. “We are upgrading shares of PLXS to OW with a $300 PT following investor meetings.”
Bernstein reiterates Nvidia and Broadcom as outperform
The firm said own both stocks now. “We would still own bot h NVDA and AVGO. Both appear to have line of sight for strong growth even in a constrained environment, and both are extremely cheap (which might help to cushion if AI sentiment turns); we suspect that spending will continue however. NVDA and AVGO both rated OP.”
Piper Sandler upgrades MetLife to overweight from neutral
Piper said the stock is undervalued. “We are upgrading MET to Overweight from Neutral. We think that the market is not yet realizing the strategic execution the company has taken over the last few years to reinvent themselves as a high free cash flow and ROE giant in the life insurance space.”
BMO reiterates Netflix as outperform
BMO said its survey checks show Netflix is the “dominant” streaming leader. “Our Proprietary BMO Streaming Survey of 940 U.S. consumers underscored a robust environment for video streamers, with NFLX best positioned to benefit from the ongoing shift from linear to CTV.”
Jefferies reiterates Meta as buy
Jefferies raised its price target on Meta to $875 per share from $710. “We believe Muse has all the signs of a killer app based on: 1) unprecedented consumer adoption - well ahead of Claude & Gemini after launch; 2) outsized monetization opportunity - across both ecom take rate and paid subs, potentially driving FY27 growth to > 20% & creating upside to ests...”
Citi upgrades Fifth Third to buy from neutral
Citi said the company is a beneficiary of higher rates. “We are upgrading our rating on FITB from Neutral to Buy (TP from $59 to $62) as the set-up for higher interest rates supports FITB’s overall repricing schedule.”
Stifel initiates Rush Street Interactive as buy
Stifel said the gaming company is attractive. “We are initiating coverage of Rush Street Interactive (RSI) with a Buy rating and establishing a $34 target price.”
Evercore ISI reiterates CoreWeave as outperform
Evercore said it’s sticking with the stock. “We believe CRWV is well-positioned to address and/or benefit from the unrelenting demand backdrop for AI compute.”
RBC initiates SiriusPoint as outperform
RBC said it’s bullish on the underwriter company’s transformation. “SiriusPoint is emerging from a transformative journey under the leadership of CEO Scott Egan.”
Jefferies initiates W.P. Carey as buy
Jefferies said the company is positioned for a “rebound.” “Five years of restructuring have transformed WPC i nto a scaled, diversified pure-play net lease REIT.”
William Blair initiates Yesway as outperform
The firm said the convenience store company is “defensive.” “We are initiating coverage of Yesway with an Outperform rating. In our view, Yesway’s largely defensive model and margin tailwinds from volatile oil prices insulate the company from two of the Street’s biggest concerns—the impact of high fuel prices and a slowdown across the consumer.”
RBC initiates Everest Group as outperform
RBC said it’s bullish on the company’s turnaround. “We are initiating coverage of Everest Group (EG) with an Outperform rating and $455 price target...”
Canaccord initiates Pasqal as buy
Canaccord said the quantum computing has plenty more room to run. “We initiate coverage of Pasqal (PSQL ) with a BUY rating and $16 price targe.”
Roth initiates Deep Fission as buy
Roth said shares of the nuclear company are attractive. “Deep Fission combines conventional tech for a new approach in advanced nuclear targeting positive economics with an improved safety profile.”
Morgan Stanley upgrades West Pharmaceutical Services to overweight from equal weight
Morgan Stanley said it sees “durable growth.” “We upgrade WST to Overweight and raise our PT up to $400.”
Jefferies initiates Crane NXT as buy
Jefferies said industrial company has M & A upside., “We initiate on Crane NXT (CXT) with a Buy rating and $60 price target. CXT is a diversified niche industrial focused on authentication & security in the currency,” Read more.
Raymond James initiates Western Alliance as outperform
Raymond James said the regional bank has plenty of upside. “We initiate coverage of Western Alliance Bancorporation (WAL) with an Outperform rating and $90 price target.”
Bank of America upgrades Eldorado Gold to buy from underperform
The firm said “gold and copper growth to drive upward FCF inflection.” “We double-upgrade Eldorado Gold (EGO) to Buy from Underperform.”
Morgan Stanley downgrades Ericsson to underweight from equal weight
Morgan Stanley said it sees limited revenue growth. “The stock has been a good performer at c15% YTD due partly to Nokia’s re-rating, which we question as Ericsson does not have direct AI / datacenter exposure.”
Mizuho upgrades Invitation Homes and American Homes 4 Rent to outperform from neutral
Mizuho says both real estate investment trust stocks are in a “growth inflection.” “We upgrade both AMH and INVH to Outperform, given the aforementioned improving subsector dynamics, as well as growth inflection and defensive attributes in a higher rate macro.”
HSBC downgrades Netflix to hold from buy
HSBC said that Netflix has a “YouTube problem.” ” Netflix’s woes YouTube’s gain: YouTube has been rapidly expanding its living room footprint, having captured a record 14.2% share of US TV time (+80bps y-o-y) this July.”
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