Here are the biggest calls on Wall Street on Tuesday: Bank of America reiterates Capital One as buy Bank of America added the stock to the US1 top ideas list. “We are adding Capital One Financial Corp. (COF) t o the US 1 List.” Truist initiates Cameco at buy Truist said the uranium company is firing on all cylinders. “We view Cameco is a high-quality, vertically integrated uranium platform with strong positioning to a favorable long-term supply-demand outlook and rising uranium pricing.” Evercore ISI initiates SpaceX at outperform The bank said the rocket and satellite company is too compelling to ignore. “We launch coverage o f SPCX with an Outperform rating and a $230 price target.” Read more. BMO initiates RXO at outperform BMO said the freight broker has plenty of upside. “Initiating coverage of RXO at Outperform and a $35 price target.” Read more. KeyBanc reiterates Nvidia as overweight Key raised its price target on the stock. “NVDA (positive, Overweight, increasing estimates, increasing PT to $330 from $310) – Our takeaways were mixed but mostly positive for NVDA.” UBS upgrades UL Solutions to buy from neutral UBS said the the commercial, for-profit arm of the original Underwriters Laboratories that spun out in 2024 is a quality compounder. “We are upgrading UL Solutions to Buy with an unchanged $110 price target.” Morgan Stanley reiterates Netflix as overweight The bank lowered its price target on Netflix to $90 per share from $115. “The engagement elephant continues to rear its head & investors are on-edge that an earlier price hike in a seasonally tough period & lighter content slate could have driven more churn than usual. We continue to find shares undervalued relative to the growth, but acknowledge a tricky catalyst path.” Jefferies reiterates Amazon as buy Jefferies said the stock has a “discounted valuation.” “Our 685-person proprietary survey showed 54% of AMZN shoppers spent > 10% more y/y on June Prime days and AMZN remains a preferred destination.” Barclays upgrades Independence Realty to overweight from equal weight Barclays said the real estate investment trust has an “attractive valuation.” “First, we are upgradin g IRT t o Overweight (from Equal Weight), on a combination of attractive relative valuation and a more favorable outlook on Class B rent growth.” Seaport upgrades TKO Group to buy from hold Seaport said the risk/reward is attractive. “Despite Middle East geopolitical tensions weighing on TKO shares (a majority of regional events have taken place there for the year), and consensus estimates have nudged slightly down, we are increasing our estimates for 2Q26E, and slightly for the full year.” Wells Fargo upgrades Red Rock Resorts to overweight from equal weight Wells said it’s bullish on the casino and gaming company. “We believe promo significantly boosted GGR [gross gaming revenue] over the last 15 years. RRR still managed to drive growth and take share, and we believe shares are poised to break out on easy comps and accelerating growth.” Roth initiates Ambiq Micro at buy Roth says the semis company has plenty of upside. “We are initiating coverage on Ambiq Micro, Inc. (AMBQ) with a Buy rating and a $125 price target.” Mizuho downgrades Circle to underperform from neutral The bank said it’s concerned about pricing pressures. “Downgrade to Underperform on looming pricing pressure. Open USD (OUSD) is a dollar-pegged stablecoin unveiled on June 30. We believe that Open-USD’s pass-through model to distributors, large scale with 140+ partners including Mastercard, Stripe & BlackRock, and likely GENIUS Act compliance, could fundamentally alter CRCL’ s business model, which relies on retaining a large portion of the treasury yield to drive revenue.” UBS upgrades FuelCell to buy from neutral UBS said it sees “multiple positive drivers.” “We upgrade FuelCell Energy (FCEL) to Buy with a revised $27 price target, implying ~ 42% upside.” Barclays initiates SK Hynix at overweight The bank initiated coverage of the stock and says it sees “significant growth ahead.” “We switch coverage of SK Hynix t o its ADRs, initiating at OW with a $330 PT. HSBC downgrades IBM to reduce from hold The bank said IBM’s valuation is stretched. “Downgrade to Reduce (from Hold); cut TP to USD191 (from USD231) on lower multiples to reflect broader sector derating.” Morgan Stanley reiterates Broadcom as overweight Morgan Stanley said investors should buy the dip. “We have been somewhat surprised by AVGO’s underperformance YTD, particularly given the continued strength of the company’s AI growth trajectory.” Piper Sandler upgrades Halliburton and Patterson-UTI to overweight from equal weight Piper said buy the weakness in both oil field services stocks. “Between the fragile state of the Middle East and related oil price volatility there’s a feeling of limbo hanging over the group with the remainder of 2026 likely staying fluid; however the longer-term call for Energy Security supporting the 2027/2028 growth outlook appears more structurally intact with the strip at $70/67/b, respectively, vs. the sub-$60/b 2025 exit. We lean into US Land, upgrading HAL a n d PTEN t o OW.” KeyBanc downgrades Apple to underweight from sector weight Key said its checks show “below-trend growth” for Apple. “We think expectations NT are reasonable though we see: 1) slowing iPhone builds with price increases, weak U.S. upgrades, and changing device subsidy models; 2) ’27 expectations that likely need to move lower for Mac, iPad, and Wearables; and 3) as unit growth likely slows, so will the growth in Apple’s user base, likely pressuring Services. At 35x PE, we think AAPL is too expensive for this to occur.” Read more. Bank of America initiates Bel Fast as buy Bank of America said the “transformation supports higher earnings power.” “We initiate coverage of Bel Fuse (BELFB) with a Buy rating and PO of $330, based on 28x C27E EV/FCF. Wolfe reiterates Advanced Micro Devices as outperform Wolfe raised its price target to $650 per share from $450. ” AMD : positive despite the strong run, with potential for $25+ earnings power. We’re raising estimates well ahead of the street to $15 for FY27 on CPU strength.” Bank of America upgrades AptarGroup to buy from neutral The bank said the consumer packaging company is compelling. “We upgrade AptarGroup t o Buy from Neutral as valuation remains attractive versus comparable companies and difficult emergency medicine destocking comparisons near completion.” Susquehanna upgrades CSX to positive from neutral Susquehanna said the railroad offers an attractive opportunity. “CSX is up nearly ~50% since Steve Angel’s appointment, on a combination of Eastern rail re-rating and swift operational improvement into the early stages of a freight cycle. With that said, we continue to see an opportunity in CSX shares going forward, driven by estimate upside, after aligning our valuation with current market levels.” TD Cowen upgrades Newmont Mining to buy from hold TD Cowen said the mining company is too compelling to ignore at current levels. “We are upgrading NEM to BUY (from HOLD) and lowering our TP to $127 (from $129) following our updated price deck. Given the recent pullback in valuation, we view this as a compelling entry point.” Stephens upgrades Wesco to overweight from equal weight Stephens said buy the weakness in the logistics and distribution company. “Through this summer, WCC has pulled back ~10% from the highs, and we increasingly observed investors’ willingness to support an extending valuation following several quarters of strong execution in the data center vertical.” Stifel initiates Arrowhead Pharmaceuticals as buy Stifel said it’s bullish on the company’s pipeline. “We’re initiating coverage of Arrowhead w ith a Buy and a $98 target price.”
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