Here are Tuesday’s biggest calls on Wall Street: Evercore ISI reiterates Alphabet as outperform Evercore raised its price target on the stock to $225 per share from $220. “In the wake of proprietary survey work, we are reiterating our Outperform on GOOGL and modestly raising our PT to $225 (implying almost 30% upside). GOOG remains one of our Top Picks in Large Cap ‘Nets.” Morgan Stanley reiterates Apple as overweight Morgan Stanley said it’s sticking with its overweight rating following the company’s Worldwide Developers Conference. “WWDC delivered slightly ahead of our expectations, with important building blocks in-place for Apple to drive a multi-year device refresh starting in FY25.” JPMorgan downgrades Cleveland-Cliffs to neutral from overweight JPMorgan said in its downgrade of Cleveland-Cliffs that fundamentals are “weakening” for the mining company. “Downgrading to Neutral ($17 PT) on Weakening Fundamentals, Rising Capex Needs, and Lack of N-T Growth.” Oppenheimer reiterates Nvidia as outperform Oppenheimer said it’s sticking with its outperform rating on shares of Nvidia and raised its price target to $150 per share from $110 following the stock split. “We see NVDA as best positioned in AI, benefiting from their full stack AI hardware, networking, and software solutions. We’re raising our target to $150 from $110 (split-adjusted).” Morgan Stanley reiterates Ford as a top pick Morgan Stanley said the automaker remains a top pick at the firm. “We believe Ford is demonstrating increasing understanding that its current EV strategies have to change materially.” Baird reiterates Tesla as outperform Baird said it’s sticking with its outperform rating heading into Thursday’s shareholder meeting. “The annual meeting of shareholders will be held this Thursday during which we expect Musk’s pay package to be ratified by shareholders. While this does not guarantee an end to the saga initiated by the Delaware court’s decision in January, we believe reapproval would reduce an overhang on the stock and alleviate some worries about Musk’s attention to TSLA.” Baird reiterates First Solar as outperform Baird raised its price target on the stock to $344 per share from $246. ” FSLR is a backdoor way to play the rise in AI/data centers as hyperscalers seek power away from the grid, and we expect shares to continue recent strength.” Evercore ISI initiates Confluent as outperform Evercore said shares of the system software company are attractive. “We believe CFLT is…
Click Here to Read the Full Original Article at Investing…
