Here are the biggest research calls on Wall Street on Tuesday: CFRA reiterates Nvidia as buy CFRA raised its price target on the AI chipmaker stock and said it’s bullish on Nvidia heading into earnings on Wednesday after the bell. “We lift our target price to $206 from $196, on P/E of 29x our CY [calendar year] 27 EPS view.” Citigroup reiterates Broadcom as buy Citi said it’s bullish on the stock heading into earnings on September 4. “We expect AVGO to report results above Consensus, driven by continued AI strength.” Baird reiterates Tesla as neutral Baird said Tesla earnings estimates are still too high. “Acknowledging the increased patience, we remain cautious with volume and financial estimates for 2H25 too high and the Automotive business continuing to show signs of weakness. We are lowering our delivery and regulatory credit estimates for the remainder of 2025, and look for details on robotaxi/Optimus timeline in the meantime.” Bernstein reiterates Netflix as outperform Bernstein said it expects to Netflix to “continue to diversify its content to widen its reach.” “Whil e Netflix remains the undisputed leader in long-form content, YouTube increased its share of streaming by two percent while Netflix’s total U.S. engagement share decline[d] by a percent. We expect Netflix to continue to diversify its content to widen its reach.” JPMorgan upgrades Cemex to overweight from neutral JPMorgan said in its upgrade of Cemex that the cement and building materials company has more room to run. “Despite the stock’s strong performance, with gains of +57% year-to-date and +77% since April 10th, we believe there is further room.” Read more. Bank of America initiates Oklo at buy Bank of America said it sees an attractive risk/reward for the nuclear company. “We initiate coverage of Oklo (OKLO) with a Buy rating and $92 PO, implying ~30% upside potential.” Bank of America downgrades Constellation Brands to underperform from neutral The bank said beer consumption remains too soft. “We downgrade Constellation Brands (STZ) shares from Neutral to Underperform and lower our PO from $182 to $150, now based on 11.5x our revised CY26E EPS.” Baird upgrades Canada Goose and VF Corp to outperform from neutral Baird said it sees a “better 2026” for clothing manufacturers like Canada Goose Holdings and VF Corp. “Shifting group positioning further positively ahead of better 2026 backdrop; upgrading GOOS , VFC, RCKY; raising NKE conviction.” Read more. Bank of America reiterates Salesforce as buy Bank of America lowered its price target on the maker of customer relations management software to $325 per share from $350. “We believe Salesforce is well positioned to continue capturing share of the cumulative $200 billion market opportunity.” Bank of America reiterates Lululemon as buy Bank of America lowered its price target on Lululemon to $300 from $370 but said the stock remains attractive. “We think the stock’s selloff presents a particularly good opportunity to own a strong growth company with high margins; we retain our Buy.” Citigroup downgrades Generac to neutral from buy Citi said it sees a “lack of momentum” right now for the backup battery maker. “We downgrade GNRC to Neutral after a sharp recovery over the last few months. We believe the stock is no longer seasonal with strength during hurricane season and lack of momentum in months outside elevated outage activity.” Wells Fargo upgrades Extra Space Storage to overweight from equal weight Wells said it’s getting more bullish on shares of the storage company. “We are modestly more constructive on storage after earnings given (a) modest buy-side expectations into ’26, where we expect [low single digit same store] growth; and (b) 2025 guides that appear achievable. Raising EXR to Overweight, which is our top idea across storage.” Evercore ISI upgrades Henry Schein to outperform from in line Evercore said the dental company is a “multi-year self help story.” “We are upgrading Henry Schein ( HSIC) to Outperform with an $83 PT, grounded in the start of earnings power improvement from automation, a new Global Ecommerce Platform (GEP), greater salesforce efficiency and continued mix improvement.” TD Cowen upgrades Domo to buy from hold TD Cowen said in its upgrade of Domo that the software company is turning a corner. “After ~2.5 years of embarking on a strategy shift, we think dividends from these changes will start to bear fruit in the quarters ahead.” Truist upgrades Advanced Micro Devices to buy from hold The bank said its industry checks show that “hyperscale customers are working with AMD as a potential partner rather than simply as a ‘price check’ to NVDA.” “Over the last month or so, contacts have increasingly noted that hyperscalers are working with AMD in a partnership manner, expressing true interest in deploying AMD at scale. We fine tune our model, establish CY27 EPS at $7.89, set our PT to $213 (up from $173), and upgrade to Buy.” Loop reiterates Uber as buy Loop raised its price target on Uber citing strong execution. “We are updating estimates and bumping our PT to $110 from $105 previous on slightly higher estimates.” UBS reiterates American Eagle as buy UBS said it’s sticking with the stock despite “momentum” concerns around the Sydney Sweeney marketing campaign. “Our checks suggest AEO’s 2Q was in-line with sell-side expectations. We believe 3Q has been better due to the Sydney Sweeney marketing campaign. However, the pivotal questions are around the durability of the momentum created by the campaign and AEO’s overall earnings outlook.” HSBC downgrades Keurig Dr Pepper to neutral from buy The firm said the deal to acquire JDE Peet’s is too expensive. “Unwinding the Keurig and Dr Pepper 2018 merger comes at a high acquisition cost of JAB’s other coffee holding, JDE Peet’s.”
