Here are Tuesday’s biggest calls on Wall Street: Bank of America reiterates Nvidia as buy The firm named Nvidia to its best-of-breed list. “BoB [best-of-breed] stocks have strong management, balance sheets, EPS growth, cash flow; the highest quality companies generate the best relative returns long term and protect against volatility short term.” Goldman Sachs initiates Disney as buy Goldman said it’s bullish on shares of Disney. “Against the backdrop of these risks, we prefer media stocks with deep competitive moats and high visibility into growth, generally avoiding potential value opportunities that may also have less visibility and higher risks.” Goldman Sachs reiterates Microsoft as buy Goldman said it’s sticking with its buy rating on the stock. “We reiterate our Buy rating ($515 Price Target) on Microsoft as we see the company yielding strong returns on its Gen-AI investments.” TD Cowen upgrades Credo Technology to buy from hold TD Cowen said the software company is well positioned. “However, with the model likely to inflect beginning F2H25 (JanQ), we come off the sidelines − we upgrade to Buy, and name Credo our Best Smidcap Idea as revenue accelerates and broadens across programs and products.” RBC initiates Zeta Global as outperform RBC said the software company is well positioned. “We view Zeta as well positioned to benefit from recent trends emphasizing the science over art of demand procurement and the overlapping of ad and mar-tech.” Raymond James downgrades Penn to market perform from outperform Raymond James downgraded the gaming company mainly on valuation. “We are downgrading PENN to Market Perform after recent activist pressure and M & A rumors have pushed shares up 21% since our May 20 initiation of coverage.” Wells Fargo upgrades Capri to overweight from equal weight Wells said investors have “lost sight of the value” of the company’s portfolio as challenges mount for Tapestry’s proposed takeover of Capri. “With ample concern around the FTC’s challenge to the proposed acquisition of CPRI by TPR (trading ~45% below deal price), investors have lost sight of the value in the CPRI portfolio. We upgrade to OW (PT to $43) and see multiple ways bulls can win.” UBS reiterates Exxon as buy UBS said Exxon is well positioned for the next five years. “We view XOM as the best stock to own across our coverage for the next 5 years.” Deutsche Bank initiates Carpenter Technology as buy Deutsche Bank said the alloy solutions company has pricing…
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