Here are Tuesday’s biggest calls on Wall Street: Cantor Fitzgerald initiates Eli Lilly as overweight Cantor Fitzgerald said the biopharma company is still well positioned in the obesity market. “Initiating coverage of Eli Lilly at Overweight with a 12-month $975 PT.” Morgan Stanley reiterates Apple as overweight The firm said its survey checks screen positive for Apple despite a rough backdrop. “Amidst a challenging fundamental backdrop, our March ’25 AlphaWise US iPhone survey screens positively and highlights 1) better-than-expected Apple Intelligence adoption, perception, willingness to pay, 2) record N12M US upgrade intentions, and 3) strong interest in a thin and foldable iPhone.” Deutsche Bank reiterates Nvidia as hold Deutsche Bank lowered its price target on Nvidia to $125 per share from $135. “While ests being de-risked for China and the resulting valuation being at a meaningful discount vs historical averages is incrementally appealing, uncertainties surrounding the sustainability of AI-related capex appear to be rising given the current trade war.” Goldman Sachs downgrades Macy’s to neutral from buy Goldman Sachs said it sees too many negative catalysts for Macy’s. “While we remain constructive on the company’s growth initiatives, we believe these are likely offset by slowing GDP growth, tariff risk, and inflationary pressures.” Citi upgrades StoneCo and PagSeguro to buy from neutral Citi said the Brazilian payment companies are gaining share. “We are changing our view on STNE and PAGS , lifting our ratings to Buy, from Neutral, as well as increasing our 12M forward TP to US$15.0 and US$10.0, respectively.” Jefferies initiates Sonoco as buy Jefferies said the paper and packaging company is in the middle of a turnaround. ” Sonoco is nearing the end of a major portfolio transformation that began in 2020. Sizable M & A/divestitures masked significant margin & FCF conversion expansion, compressing SON’s multiple to 6.0x on a pro forma basis.” Bank of America upgrades Sportradar to buy from underperform Bank of America said the sports betting company is well positioned for growth. “We are upgrading shares of Sportradar to Buy from Underperform and raising our PO to $28 from $12.” Baird upgrades Verra Mobility to outperform from neutral Baird said the traffic mobility tech company has a strong business. “We are upgrading VRRM to Outperform. We acknowledge some macro uncertainty with travel volumes, yet view as a good opportunity to recommend a very strong moat business.” Needham reiterates Disney as buy Needham said it is bullish on the stock heading into earnings in early May. “When DIS releases its FY2Q25 earnings on Wednesday, May 7, 2025, before the market opens, what we are looking to learn includes: a) Impact of tariffs and geopolitical tensions on Theme Park traffic and cruise ship bookings globally b) churn levels for streaming subs-and whether they are rising.” Wells Fargo names McDonald’s a top idea The firm says it is bullish on McDonald’s ahead of earnings on May 1. “Lousy Q1 trends (-3%ish) are digested w/ mixed McValue success; But Ketchup trade intact, w/ shares defensive, exit rate/QTD likely better (Minecraft, McCrispy strips, etc.), FX now a plus & sentiment starting to improve w/ promising drivers ahead (Snackwraps, etc.).” UBS initiates Gulfport Energy as buy UBS said the energy company is well positioned. “We initiate coverage on GPOR with a Buy rating and $215 PT.” Bank of America initiates CoreWeave as buy Bank of America says the artificial intelligence cloud company is a share gainer. “We are initiating coverage on AI hyperscaler CoreWeave, with a Buy rating and $42 PO. The CoreWeave Cloud Platform has been purpose built for GPU compute to support AI service providers.” Barclays downgrades Texas Instruments to underweight from equal weight The firm says consensus estimates are too high. ” TXN is a bellwether of the Semi space but consensus forecasts for both top line and GMs [gross margin] are too robust, especially with the imminent impact from geopolitical unrest.” Wells Fargo downgrades UPS to equal weight from overweight Wells Fargo said it sees softening domestic volume. “We are lowering our rating on UPS t o EW from OW and moving our price target to $98. While we have been optimistic about parcel pricing and the reduction of its network footprint, we believe the Amazon glide-down becomes more challenging to execute in a weaker underlying environment.” Bernstein downgrades eBay to market perform from outperform Bernstein said it is concerned about tariff risks for eBay. “The data we track softened through Q1, and tariffs further exacerbate the risks.” Morgan Stanley reiterates Tesla as overweight The firm said it is sticking with the stock heading into earnings after the bell on Tuesday. ” Tesla’s 1Q results face the lowest margin expectations in 12 years. Stock reaction will be dictated by company’s ability to address sub-VW margins and likely cash burn, confidence in ‘robo’ and a sense of increased attention from their CEO.” Bank of America reiterates Tesla as neutral Bank of America lowered its price target on the stock to $305 per share from $380. “Despite uncertainty from tariffs, it’s clear to us the impact will be uneven across OEMs [original equipment manufacturers]. TSLA, RIVN, and LCID produce all of their vehicles in the US, which therefore would limit their tariff exposure to only parts.” Bernstein downgrades Kraft Heinz to market perform from outperform Bernstein said the food products company is losing share. “We are downgrading KHC because the company continues to lose share in several of its legacy U.S.-focused brands.” Goldman Sachs reiterates Amazon as buy Goldman Sachs lowered its price target on the stock to $220 per share from $255. “Looking long-term, AMZN remains one of our top picks and provides investors with a range of exposures to virtually all key secular growth themes across Consumer Internet and Cloud Computing.” Roth reiterates Meta as buy Roth lowered its price target on the stock to $580 per share from $730 ahead of earnings on April 30 but says it is still a favorite idea. ” META is our preferred Mega Cap name heading into 1Q earnings, given AI product catalyst, LlamaCon announcements, and possible change in 2025 OpEx/CapEx guidance narrative.” JPMorgan downgrades Comerica to underweight from neutral The firm said it sees subpar growth for Comerica. “Challenging Growth Outlook for 2025 Combined with Shares Appearing Expensive.” Piper Sandler initiates Bristol-Myers Squibb as overweight Piper Sandler said the biopharma company is in the middle of reinventing itself. “We are initiating coverage of Bristol Myers at Overweight and a $65 PT.” HSBC downgrades UnitedHealth to hold from buy The firm said it sees a more balanced risk/reward for the insurer. “While UNH beat even our bullish assumptions in Q1, we underestimated the underlying cost trends which were shielded by deductibles in Q1.”
