Here are the biggest calls on Wall Street on Tuesday:
Citigroup reiterates Micron Technology as Buy
Citi raised its price target on shares of Micron.
"We raise our price target on Micron from $425 to $840 as we believe Micron is raising DRAM prices +40% in C2Q following peer Samsung's +100% price hike in 1Q."
UBS upgrades Jazz Pharmaceuticals to Buy from Neutral
UBS is bullish on the company's cancer drug, Ziihera.
"We upgrade JAZZ to Buy from Neutral and raise our PT to $307 (from $188), driven by improved confidence in base business resilience and Ziihera's commercial potential."
Morgan Stanley initiates X-Energy at Overweight
Morgan Stanley says the nuclear company is firing on all cylinders.
"XE is a leading designer of advanced nuclear technology and manufacturer of advanced nuclear fuel."
Canaccord upgrades Progyny to Buy from Hold
Canaccord sees revenue growth for the benefits management company.
"We are upgrading Progyny to BUY with a $30 price target."
Morgan Stanley upgrades UMC to Overweight from Equal Weight
Morgan Stanley cites UMC's compelling position in semiconductors.
"We cite attractive valuation and earnings upside from stronger mature node demand."
Barclays reiterates CrowdStrike as Overweight
Barclays raised its price target ahead of earnings in early June to $650 from $550.
"We raise our PT to $650 using a 44x multiple on our FY31E FCF discounted back given our more positive outlook on the FY guide and CRWD's AI opportunities."
Rosenblatt reiterates Broadcom as Buy
The firm says the stock remains undervalued ahead of earnings in early June.
"Despite recent share price appreciation, with AVGO up 26% since the company's last report vs. a 45% gain in the SOXX, we believe the market continues to underprice Broadcom's AI opportunity."
Loop initiates Corpay at Buy
Loop highlights margin upside for the payment processing company.
"We are initiating Corpay, Inc with a BUY rating and $406 PT. Corpay is a business-to-business payment processor. Segments include vehicle payments (fuel cards), corporate payments, lodging payments, and other."
Benchmark initiates Interface at Buy
Benchmark sees opportunity in the flooring company.
"Interface Inc, headquartered in Atlanta, Georgia, is a global designer and manufacturer of high-quality commercial flooring including carpet tile, carpet plank, premium area rugs, luxury vinyl tile (LVT), and rubber flooring."
HSBC reiterates Nvidia as Buy
HSBC raised its price target ahead of earnings to $325 from $295.
"Expecting another beat & raise, with more upside to FY28e earnings..."
UBS upgrades Assured Guaranty to Buy from Neutral
UBS highlights the company’s earnings resilience.
"We upgrade AGO to Buy, with shares trading at ~40% discount to operating book value — unwarranted, in our view, given its market leadership and earnings resilience."
HSBC upgrades Credicorp to Buy from Neutral
HSBC sees plenty of upside for the Peruvian bank.
"We upgrade our rating on Credicorp to Buy from Hold. We have a favorable view on the industry and the company, and Peru is experiencing an economic upswing supported by record copper prices."
Bernstein upgrades American Tower to Outperform from Market Perform
Bernstein believes now is the right time to buy the cell tower company stock.
"Our initiation emphasized that AMT is an exceptionally well-run company, fully understood by the market...we now believe the market is overestimating risk while undervaluing potential upside."
Barclays reiterates Tesla as Equal Weight
Barclays focuses on Tesla’s core growth initiatives.
"Focus remains on core growth initiatives – Robotaxi launches/scaling, FSD expansion, and Optimus v3 launch. Specifically, we believe the greatest focus is around Robotaxi scaling, with investors awaiting progress of increased vehicles which are fully driverless / no safety monitor."
Guggenheim upgrades StubHub to Buy from Neutral
Guggenheim notes the ticketing company has reset street expectations.
"We are upgrading shares of StubHub Holdings to BUY (from NEUTRAL) with a $12.50 price target (up from $8.50) representing ~30% potential upside to yesterday's close."
Oppenheimer reiterates Costco as Outperform
Oppenheimer raised its price target to $1,160 from $1,100 ahead of earnings next week.
"We believe defensive characteristics of the model and COST's superior value proposition on the omni-channel/fuel fronts should continue to drive outsized share gains. We still see the potential for a special dividend and/or a stock split, which we believe could represent positive catalysts for shares."
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