Here are the biggest calls on Wall Street on Tuesday: Barclays reiterates Tesla as equal weight Barclays said the situation with Tesla is “confusing” right now. ” Tesla remains a source of confusion. The 1Q beat provided a source of relief, especially around gross margins with FSD [full self driving] recognition providing a boost.” Goldman Sachs upgrades CG Oncology to buy from neutral Goldman said in its upgrade of CG that it sees an attractive entry point for the biotech company. “Our 12-month price target of $50 ($43 prior) is based on a weighted average of our DCF value of $45 (70%) (up from $40 prior) and M & A theoretical value of $62 Goldman Sachs upgrades Fulcrum Therapeutics to buy from neutral Goldman said it sees a “meaningful opportunity in rare muscular dystrophy disease” for the biopharma company. “We upgrade FULC to Buy from Neutral and increase our 12-month price target to $15.” Evercore ISI initiates Regeneron as outperform Evercore ISI said it’s bullish on shares of the biopharma company. “We initiate coverage of REGN with an Outperform rating and a PT of $1,150.” Wells Fargo reiterates Nvidia as overweight Wells increased its price target on Nvidia to $1,150 per share from $970. “We are positive on the setup into F1Q25 print (5/22) & see intra-qtr data points supporting Data Center rev. upside into $23-$24B+ range (Street: ~$21.1B). Increase forward ests. Jefferies upgrades Boston Beer to buy from hold Jefferies said in its upgrade of the beverage company that it sees “multiple expansion.” “Boston Beer has gone through several boom-bust cycles. Over time, value was created with higher highs and higher lows.” Roth MKM downgrades Roblox to neutral from buy Roth downgraded the stock due to slowing bookings. “Roblox’s modest 1Q bookings miss and a 3.5%-4% cut to 2024 guidance were disappointing.” Morgan Stanley resumes GXO Logistics as overweight Morgan Stanley resumed coverage of the logistics company and says it sees upside. “GXO’s LT [long term] organic revenue growth story is supported by a robust pipeline of new business and inorganic growth adds another layer of upside.” Bank of America reiterates Apple as buy Bank of America said it’s sticking with its buy rating on shares of Apple. “Maintain Buy on benefits from GenAI at edge with gross margin upside and momentum in Services.” HSBC upgrades Huya to buy from hold HSBC said it sees “shareholder returns” for the China live streaming gaming company. ” Huya’s business model is…
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