Here’s the loudest voice on Wall Street on Tuesday: Goldman Sachs launches Banco Macro with acquisition Goldman says Bank of Argentina (BMA) is well positioned. “We begin Banco Macro with a buy rating because we believe Banco Macro has one of the highest capital ratios among its peers, is relatively stable (net interest margin), and has low asset quality risk.” Goldman Sachs begins acquisition of Argan Goldman says it is bullish on the gas power generation company. “We initiate coverage on AGX with a Buy rating and $397 price target, implying an 18% upside from current levels.” Deutsche Bank Upgrades eToro to Hold to Buy Deutsche Bank upgrades the financial services company following the results. “Following a decline of more than 25% since its IPO in May and an improved earnings growth profile due to improved business momentum, we believe the risk/reward profile of the stock has become more attractive and will upgrade ETOR to Buy from Hold after Q3 2025.” Read more Needham launches Waystar with Vystar Needham says digital healthcare companies are benefiting from AI. “We begin coverage on Waystar (WAY) with a buy rating and $46 PT.” JPMorgan upgrades ViaSat from neutral to overweight The bank sees an increased likelihood that the satellite company will spin off some of its business. “We upgrade Viasat to Overweight as the possibility of separation of the Defense and Advanced Technology (DAT) sector increases. Chief Financial Officer Chase acknowledged that the company is evaluating ‘value creation opportunities,’ including the potential separation of government and commercial businesses and the collapse of existing debt silos, consistent with comments in the company’s letter to shareholders.” Bank of America Reiterates Nike as Buy The company argues that Nike’s decline is a buy. “We believe the recent pullback since Q1 earnings presents a particularly attractive buying opportunity as we see a path towards continued improvement in sales and earnings as the innovation pipeline begins to expand.” JPMorgan Downgrades Coreweave from Overweight to Neutral JPMorgan downgraded the stock following the results. “Our view on CoreWeave’s long-term opportunity remains unchanged, and the company’s revenue growth could be back on track in Q1/Q2 next year, as we saw with the rapid growth of Microsoft’s Azure in the most recent March and June quarters. However, , we continue to reflect on the unprecedented and increasing industry-wide pressures across the supply chain and the difficulty in predicting with confidence when and how all the resulting interrelated variables will smoothly reach a point of equilibrium.”Read more. Wells Fargo reiterated its case for Tesla, with Underweight Wells saying in his check that Tesla’s delivery data shows weakness. “Available TSLA October delivery data shows sharp weakness.” Stevens overweight to start Signet Stevens says the jewelry company is too attractive to ignore. “We begin coverage of Signet Jewelers (SIG) at $150 PT.” UBS begins acquisition of Keysight Technologies UBS says the stock is at an inflection point. “We begin Keysight, a world leader in test and design, with a Buy rating.” UBS upgrades Linde to Buy from Neutral UBS calls the company a “defensive growth stock with attractive risk/reward.” “We upgrade LIN to Buy as we believe the stock has an attractive 2.5x skew and believe accelerating EPS growth in 2026 will be a positive catalyst.” Morgan Stanley raised its price target on the Chinese EV company from $30 to $34 per share and reiterated Xiaopeng as Overweight. “We raise our bull case valuation under SOTP to USD 54/HKD 211 to reflect the growth potential and revaluation opportunities available from newly announced humanoid and robotaxis. We expect sentiment to improve significantly from mid-2026 when XPeng begins mass production of its physical AI initiatives.” BMO upgrades Instacart to outperform market Upgrade. “The company continues to deepen its integration of AI technology into its tools for retail partners and businesses, as well as internally, which is expected to benefit sales growth and profits in the long term.” Read more.
