Here are Tuesday’s biggest calls on Wall Street: Wells Fargo initiates Vistra Energy as overweight Wells said the utility and energy company is well positioned. “We are initiating coverage of VST with an Overweight rating, as it fits within the absolute call on IPPs [independent power producer]—similar story to our Best Idea CEG, but with slightly longer dated catalyst path.” Deutsche Bank reiterates Reddit as buy Deutsche said it’s bullish on the stock ahead of earnings on Thursday. “While Google-related referral traffic concerns remain, internal initiatives appear to be a focus, potentially giving Reddit more control of user growth including 1) the new marketing strategy (both brand and performance), and 2) partnerships with publishers, such as with video game news sites and other referral surfaces, which combined should further stabilize user growth.” Mizuho initiates Domino’s Pizza as outperform Mizuho said Domino’s is best positioned. “High visibility into Q4 and 2026 SSS growth expectations as carryout’s growing relative affordability sustains transaction growth and as third-party delivery rollout offsets delivery headwind.” Goldman Sachs initiates Qnity as buy Goldman said it’s bullish on the semiconductor materials company. “We initiate coverage of Q.WI with a Buy rating and a 12-month price target of $110.” Wells Fargo initiates NextEra Energy as overweight Wells says the energy company is undervalued. “We don’t ascribe to the bear arguments that we think have pressured valuation/performance for most of 2025. We see tax credit roll-off as manageable, & the diversity of NEE’s businesses can sustain a premium earnings growth into the LT.” UBS upgrades Upwork to buy from neutral UBS said the online labor marketplace is underappreciated. “We are upgrading Upwork to Buy with a $21 price target.” Jefferies upgrades Nokia to buy from hold Jefferies sad the company is a rising data center play. “Nokia is transforming from a predominantly Radio Access-centric business struggling for growth, to one where rising AI data centre exposure of the Optical and IP Networking segments is expected to drive steady growth.” Baird reiterates Apple as outperform Baird said it’s bullish ahead of Apple earnings on Thursday. The firm raised its price target to $280 per share from $230. “Expect solid FQ4 results/guidance. It’s still early in the iPhone 17 cycle, but early indicators appear to be directionally supportive, including solid upgrade rates posted by AT & T/T-Mobile last week. However, the bigger focus is likely to be the December-quarter outlook, and we’d note that current estimates look potentially conservative based on historical sequential seasonality” UBS reiterates Amazon as buy UBS raised its price target on Amazon ahead of earnings on Thursday. “We raise our price target to $279 from $271 as we roll forward our valuation parameters by one quarter.” Read more. Citi initiates Gold Fields as buy Citi said the metals company is a beneficiary of higher gold prices. “We believe GFI should trade at higher multiples due to: well capitalized assets now which means unlike the previous gold bull cycles, benefits of higher gold prices should lead to higher FCF generation rather than increase in capex…” Read more. Oppenheimer initiates TeraWulf as outperform Oppenheimer said the bitcoin miner is a “Direct Play on AI Digital Infrastructure Undersupply.” “Initiating on WULF with an Outperform rating and a $20 price target.” Bank of America reiterates Qualcomm as buy The firm said it’s standing by the stock head of earnings next week. “Qualcomm’s push into the data center market strengthens its diversification roadmap, building on past success in the automotive and IoT markets.” Citi reiterates Palantir as neutral Citi raised its price target on Palantir ahead of earnings week to $190 per share from $177. “Our intra-Q checks from partners and customers were positive, including checks from Oracle and Snowflake conferences intra-Q, where partners reported uptick in collaborative deals.” RBC initiates Evergy as outperform RBC said the utility company has the “best torque.” “We are initiating coverage of Evergy at Outperform, PT $93.” Read more. Bank of America upgrades RB Global to buy from neutral Bank of America said shares of the auction company are too attractive to ignore. “After RBA share price pull back, we believe risk-reward is turning more favorable. RB is a leading marketplace for used assets.” Evercore ISI reiterates Microsoft as outperform Evercore said it’s sticking with the stock heading into earnings on Wednesday. “Capex growth should remain healthy and reflect tight capacity for AI infrastructure. Our sense is that Microsoft will note that capacity ‘remains tight’ and the company will continue to invest against AI demand signals.” Bank of America upgrades Virtu Financial to buy from neutral Bank of America said buy the dip the on the electronic market maker. “We are taking advantage of recent underperformance to upgrade Virtu (VIRT) to Buy from Neutral.”
