Top Calls on Wall Street: Alphabet, IBM, Ford, GM, Honeywell & More

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Here are the biggest calls on Wall Street on Tuesday:

UBS Initiates Intuitive Surgical with Buy Rating, Sets $500 Price Target

UBS initiated coverage of Intuitive Surgical with a "buy" rating and a target price of $500, believing that investors' concerns about automation risks, hospital capital expenditures, and market saturation are excessive.

Bank of America Lifts Honeywell Price Target to $265, Upgrades Rating to Neutral

Bank of America Securities upgraded Honeywell's rating from "underperform" to "neutral" and raised its price target from $205 to $265. The bank noted that the company's execution has improved significantly, and order growth has accelerated across the board, greatly boosting market confidence in its growth prospects for the second half of the year.

Goldman Sachs Cuts IBM Price Target to $270, Expects Range-Bound Stock Performance

Goldman Sachs issued a report expecting IBM's stock price to remain range-bound after the company lowered its 2026 guidance, as the downward revision may be slightly smaller than anticipated, and the stock has already significantly underperformed the market following the negative forecast on July 14.

The bank believes that IBM's downward outlook reflects a continued re-prioritization of customer demand towards short-term server and hardware purchases, as rising memory and component prices put pressure on demand for mainframe hardware and transaction processing.

Goldman Sachs Trims Alphabet Price Target to $435 amid Normalizing Growth in Its Search Business

Goldman Sachs expects Google's (GOOGL) growth in search and other businesses to gradually slow to a more normal level, currently estimating capital expenditures of approximately $205 billion and $350 billion in 2026 and 2027, respectively.

Goldman Sachs reiterated its "buy" rating on Google, but lowered its target price from $440 to $435.

Jefferies Boosts Price Targets for Ford and General Motors, Upgrades Both Stocks to Buy

Jefferies upgraded both Ford Motor (F) and General Motors (GM) from "Hold" to "Buy," citing continued improvement in the U.S. auto market, more rational capital allocation, and the potential for significant increases in profitability and cash generation for both automakers over the next two years.

Jefferies raised its price target for Ford from $14.50 to $17.50 and for GM from $90 to $99.

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