Here are Wednesday’s biggest calls on Wall Street: Berenberg upgrades Honeywell to buy from hold Berenberg said the industrial conglomerate is well positioned. “We upgrade Honeywell to Buy (from Hold) after protracted underperformance versus its SOTP [sum of the parts] peers, on estimates we now believe are beatable.” Morgan Stanley reiterates Tesla as overweight Morgan Stanley lowered its price target on the stock to $320 per share from $345 but said it’s sticking with the stock. “If there was ever a time for Tesla to potentially post a GAAP EBIT loss in the auto business, it may be this year.” Barclays initiates UnitedHealth as overweight Barclays initiated the health care company with an overweight and says it has a “thoughtful benefit design, aggressive cost reductions.” “We think UNH is best-positioned to navigate MA over a multi-year timeframe.” Roth MKM initiates Aspen Aerogels as buy Roth said it sees a “strong secular opportunity” for the insulation company. “We initiate on ASPN with a Buy rating and $22 PT. We favor current positioning, including a clear focus on profitable growth as management positions the portfolio for what we view as a strong secular opportunity.” HSBC upgrades Target to buy from neutral HSBC said it likes the company’s strategy following earnings on Tuesday. ” Target’s strategy aims to drive long-term sales growth market share gains and improve profitability Deutsche Bank upgrades Target to buy from neutral Deutsche upgraded Target following earnings on Tuesday. “With 2024 initial guidance behind us traffic improvements underway, and the company’s top line on track to inflect positively starting in 2Q, we see a number of drivers ahead for sustained SSS growth and EBIT margin expansion, resulting in EPS of $10+ in the not-too-distant future.” JPMorgan initiates BBB Foods as overweight JPMorgan said it sees “high growth and solid returns” for the Mexican discount food company. “We initiate coverage of Tiendas BBB (3B) with an Overweight rating and a Dec24 PT of $30/sh – 43% potential upside. 3B is Mexico’s largest hard discount food retailer and the fastest growing listed retailer in the country.” Wolfe upgrades GitLab to outperform from peer perform Wolfe said it sees “significant upside” for the software company. “Following GTLB’s F4Q24 print which sent shares down 21% we see a story of potentially being one of the fastest growers in software this year with multiple product catalysts and significant upside from…
Click Here to Read the Full Original Article at Investing…
