Here are Tuesday’s biggest calls on Wall Street: Morgan Stanley downgrades Oatly to equal weight from overweight Morgan Stanley resumed coverage of the oats company and said it sees too many negative catalysts. ” Oatly Resumption of Coverage at Equal-weight Given Low Visibility, Despite Turnaround Progress.” Morgan Stanley reiterates Tesla as overweight Morgan Stanley said sticking with Tesla despite a slew of negative data points in a recent investor survey. “Amidst the seemingly overwhelming bearish institutional investor sentiment, we reiterate our OW rating on Tesla with a $345 price target.” Bernstein reiterates Apple as market perform Bernstein said it’s standing by its market perform rating on Apple , but that the iPhone 16 could have some AI capabilities. “We expect potential AI capabilities that are also largely consistent with existing products, including advanced image and video capture/editing tools, translation and transcription, enhanced messaging support, enhanced Siri and greater automation in Music, among others.” Morgan Stanley reiterates Nvidia as overweight Morgan Stanley said it’s standing by Nvidia heading into earnings later this week. “All of that points to a strong quarter; our top line estimate for January of $21 bn is $1 bn above guidance and $700 mm above consensus, and for April we are at $22.8 bn vs consensus $22.1.” Bernstein reiterates Disney as outperform Bernstein raised its price target on the stock to $120 per share from $115 and said it likes the company’s crackdown on password sharing. “We estimate ~$1.2B in incremental revenue from the effort, taking Disney 6 to 8 quarters to capture the full benefit from when it starts enforcing (using Netflix’s cadence as a proxy).” RBC upgrades Ball to outperform from sector perform RBC upgraded the packaging and jar company after it sold its aerospace business. “We upgrade BALL to Outperform from Sector Perform and raise our target to $74 following the completion of the sale of its Aerospace business to BAE Systems for ~$4.5B after-tax cash proceeds, which will be used for debt paydown ($2B) and share buybacks.” Evercore ISI downgrades Caterpillar to in line from outperfrom Evercore ISI said in its downgrade of the stock that it’s doing “prudent profit taking.” “Downgrading The Sector To In Line (Neutral), With 3 Individual Names Downgraded With The Same Reasoning — Caterpillar, Ingersoll Rand, and Timken Each Downgraded From Outperform to In Line.” Rosenblatt reiterates…
Click Here to Read the Full Original Article at Investing…
