Here are Tuesday’s biggest calls on Wall Street: Jefferies adds Nvidia to the franchise picks list Jefferies added the stock to its top ideas list. “We view NVDA as the dominant supplier of AI accelerators within the data center, an industry that is expanding rapidly due to the development and adoption of AI.” JPMorgan upgrades Pinterest to overweight from neutral JPMorgan said Pinterest is doing a good job of capturing a larger share of ad spending. “We’re upgrading Pinterest to Overweight & raising our PT to $40.” Jefferies downgrades Rio Tinto to hold from buy Jefferies downgraded the metals and mining company citing a slew of negative catalysts including CEO succession issues. “In light of recent developments and risks, we downgrade our rating on Rio from Buy to Hold.” Evercore ISI upgrades Block to outperform from in line Evercore said it sees a slew of positive catalysts ahead including a “compelling” valuation for Block. “We are upgrading shares to Outperform and raising our estimates and PT to $75 (from $58), implying ~21% upside.” Jefferies reiterates Netflix as buy Jefferies raised its price target on Netflix to $1,400 per share from $1,200. “We see a favorable catalyst path with US price hikes and a robust content slate driving potential upside in 2H25 with growth in the ad biz and live events supporting sustainable 20%+ FCF growth. Our L-T valuation analysis suggests 15%+ upside to the stock.” Goldman Sachs upgrades Valvoline to buy from neutral After a change in analyst coverage, the firm upgraded the stock and said it’s “best-in-class.” “Our Buy rating reflects our view that Valvoline is a best-in-class operator that competes in a highly-fragmented market that benefits from non-discretionary, needs-based demand and is positioned well in the current macro environment with limited impacts from tariffs. Bernstein names Qualcomm a best idea Bernstein said the stock is “not the Qualcomm of old.” “Indeed, the name has been the quintessential ‘Rodney Dangerfield’ of semiconductor stocks, garnering no respect regardless of the fundamentals. But this is no longer the Qualcomm of old.” Wells Fargo upgrades Cardinal Health to overweight from equal weight Wells said the healthcare company’s stock is compelling. “We are upgrading CAH to Overweight from Equal Weight and increasing our price target to $179 from $136.” Deutsche Bank upgrades Woodward to buy from hold Deutsche said in a note that its prior downgrade of the aerospace stock was a “mistake.” “Our downgrade of Woodward in July of last year was, in hindsight, a mistake—one driven by overly short-termist and non-fundamental thinking on our part.” Evercore ISI reiterates Apple as outperform Evercore said its survey checks show App Store revenue is looking up for Apple. “App Store revenue grew +13% in May, a slight step up vs the 12% growth rate in April. Critically, revenue from the US market was up 10%, the highest growth rate since January. Investors have been understandably concerned since the April 30th ruling that Apple must allow developers to steer users to non-Apple payment options.” Citi reiterates Broadcom as overweight Citi raised its price target on the stock ahead of earnings on Thursday. “With its non-AI semi business down roughly 40% from the peak, we believe the business should recover from the current levels and offset most of the gross margin dilution from its AI business. We raise our estimates, reiterate our Buy rating on AVGO and raise our price target from $210 to $276.” Truist upgrades Oshkosh to buy from hold Truist said the stocks too cheap to ignore. “We are upgrading OSK to Buy from Hold, increasing our adjusted 2026-2027 EPS to $12.55 and $15.00 (prev. $11.55 and $13.00), and raising our price target to $127 (from $93).” JPMorgan downgrades Bumble to underweight from neutral JPMorgan said it sees revenue declining. “We believe Bumble offers a differentiated, women’s first dating experience, but mgmt efforts to reinvigorate growth are in the early innings and key competitor Hinge is taking share. We expect BMBL revenue and payer declines to accelerate in the near-term, with a return to growth unlikely until 2027. BMO initiates Uranium Energy Corporation as outperform The firm said it’s bullish on shares of the uranium company. ” Uranium Energy Corp is a U.S. listed uranium producer/developer, with a North American-focused portfolio of assets that is poised to become a key provider of U.S. domestic production.” Morgan Stanley initiates EVgo as equal weight Morgan Stanley said the EV charging company is well positioned for growth but shares are fairly valued right now. ” EVGO is a pure-play EV charging company positioned well in a growing EV market.” Cantor Fitzgerald initiates Salesforce as overweight Cantor said Salesforce has a “large, attractive market.” “Ultimately, we think the CRM industry will be a beneficiary of AI. As a system of record for customer data, we think CRM data are critical to powering effective AI use-cases for businesses, placing CRM providers in a position of strength.” Jefferies upgrades UBS to buy from hold Jefferies said in its upgrade of UBS that the Swiss bank is at a “potential turning point on capital.” “We see adequate margin of safety in the shares given robust capital generation.” Rosenblatt reiterates Disney as buy Rosenblatt raised its price target on the stock to $140 per share from $135. ” Disney is #1 in domestic box office share so far this year, trending, we estimate for ~$1.2B in 1H calendar 2025, and over $6B for the year. While the content unit is under 3% of global segment profit, we believe segment OI can rise ~ 50% this year, fueled by the movie slate.”
